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

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

So what can we do? Buy Gold! Silver! Bitcoin! Stocks! I hear people roar, They aren't exactly wrong as history shows... but have you considered the 30-40% tax on the "gain"? Even when that asset buys the same value before tax? What if the government makes it illegal like the 1933 order: 6102 Where you couldn't own gold for nearly 50 years? You're frozen out, or even out on taxes (which will likely be more strict and controlled later in time).
I'd say Invest in things that will
Metals are the next step when a person has plenty of the above. You get to a point where you have hundreds of thousands, if not millions that you need to condense into something real.
It is all about the savings or productivity gain of the investment. For instance I would wager that many preppers have gotten more use / value out of a $800 clothes washer than a $800 rifle. (have you ever had to do manual laundry???) Sure the rifle will hold value...but it often doesn't pay you back with time / what it saved and / or what it has produced during its life unless you are using it. Same can be said of security cameras, a generator, a tractor, trailer, garden, tools, ect.
Look at history even, in countries that have experienced hyperinflation people that already had tangibles they regularly use were way ahead. It could even be honey, a tool, extra maintenance parts, can of food, that bottle of medicine, a computer to keep your intel on point, (cough # PrepperIntel plug) use of your equipment to do or make something for someone. Real Estate is good too, it rides inflation well and has many ways of being productive.
Your metals could be sitting there like the rifle, and could be subject to hot debate and laws. Meanwhile that garden is paying back, chainsaw is helping saw up wood, or your tractor is helping a job, your tools just helped you fix something / saved you much loss, Your security stopped a loss not by a person, but an random animal stealing things. Or that $25,000 solar array is paying you back by the day in spades...while making you independent...running all your tools you're using to make things to sell, and even heating / cooling some of the house with the extra juice while places around you experience rolling blackouts. You were even smart and took the current 24% tax benefit the government has saving you $5000 on it for batteries. Don't get me started if you have an electric vehicle with solar... I'm rambling at this point...and all those stealthy / direct and passive background savings...even if the crap doesn't hit the fan.
So anyways, With out of control central banks and big governments, digital currencies, How do you think it will play out? Are we heading to dystopia?
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11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min

• The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN.
Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy.
• KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001.
• Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total.
Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002
• In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions.
• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10
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Report I by Stablecoin Research Institute - The Difficulties and Future of Stablecoin

Report I by Stablecoin Research Institute - The Difficulties and Future of Stablecoin

Bitcoin was originally conceived to be outside the fiat money system as an electronic cash system for a new world. However, at present, the currency standard is still the fiat money standard. The envisaged bitcoin-based settlement system still has no foundation or a wide consensus on the value of the currency standard.
As a compromise, many stablecoins provide a temporary solution for the ecology through a 1:1 anchorage of U.S. dollar, with third-party bank custody becoming mainstream. The rapid growth of Tether and the loss of market share in the face of competition have added more uncertainty to the current market. The decentralization scheme provided by MakerDAO was slightly weak in the initial competition but the reputation gradually accumulated. As the market deepens, cryptocurrencies based on more regional legal currencies are gradually coming online, and people are beginning to try different chain payment attempts.
This article refers to the article Stable Digital Currency Manual by co-founder of Zhibao Mikko, trying to explore the difficulties and future of stablecoin from a currency perspective.

The Difficulties of Bitcoin Settlement System
When it comes to stablecoins, the original idea of Bitcoin has to be mentioned ---- a peer-to-peer electronic cash system. Over the past decade, a series of expansions have been made in the blockchain technology and Bitcoin. In people's minds, Bitcoin will be a new generation of the world's monetary system, independent of the fiat money (US dollar) system, to de-intermediate transaction transfers and asset storage, to eliminate asset losses caused by the bank's centralized risk, and put an end to the harvest of wealth brought about by hyperinflation.
In reality, Bitcoin does have somehow established its own trading system - such as black market transactions in the dark network. Dark network commodity trading uses Bitcoin as a medium, and buyers and sellers are also happy to configure a portion of Bitcoin as a value reserve. On the other hand, Bitcoin is the most common trading medium among cryptocurrency exchanges for a long time before the popularity of USDT. Some people said, “Bitcoin is the real stablecoin.” In addition to observing the fluctuations in the value of the fiat money, the traders of various cryptocurrencies will also pay attention to the relationship between cryptocurrency and the bitcoin trading pair. But in this case, this so-called bitcoin-based trading system still has several problems.

The first is the currency standard: even if some people regard Bitcoin as a gift, they have long believed that Bitcoin will eventually level the volatility and increase the index, but even the so-called beliefs are usually denominated in fiat money (US dollar, Euro, RMB). That is to say, the first problem with Bitcoin is that there is no pricing power. In other words, Bitcoin cannot perform the settlement function extensively in the holder's daily life. The daily benchmarking consensus based on Bitcoin in a wide range is that it doesn't exist at all.
In China, a Coke is 3 RMB, and in the US it is 1 US dollar. The two are under their respective independent settlement systems. If the person in one of the systems happens to come to another system, such as a Chinese who first bought a Coke in the United States, the first reaction is likely to be a cup of 6.71 yuan. Bitcoin or any other cryptocurrency does not have a similar settlement system under the independent monetary framework.
In the case that it is not possible to participate extensively in daily pricing, the currency standard is the fiat money standard. For members of the cryptocurrency community, the actual fiat money-based thinking does not directly affect the willingness of buyers and sellers to use Bitcoin or other cryptocurrencies for physical purchases, but when Bitcoin’s price against fiat money falls into huge downward fluctuations, it rejects the situation of receiving cryptocurrencies is inevitable.
So the second question directly promotes the strong demand for stablecoins: currency price fluctuations. On the other hand, it should be realized that Bitcoin does not have a complete settlement system and a broad and stable price consensus based on the system; on the other hand, since the initial definition of Bitcoin was an innovation independent of the traditional financial system, even if it is far from the original concept, the community consensus based on the decentralization and token incentives is different from the traditional financial system.
So for a long time, the market could not price bitcoin with the traditional asset framework. The triumph of 2017 has made the society more aware and acknowledged about Bitcoin and other cryptocurrency systems. The Chicago Mercantile Exchange CME has put on bitcoin futures at the end of the year. At the same time as government regulation gradually intervenes, the OTC exchange network outside the market is also getting better and better, and the pricing of bitcoin is starting to break away from fanaticism. At the end of 2017, the isolationism of various countries has become stronger, the pace of interest rate hikes of the FED has sped up, and global asset preferences have also undergone subtle changes towards safe-haven assets. China’s domestic capital has advocated “cash is the king” and Bitcoin has entered a down cycle.
As noted above, upside volatility can also encourage traditional merchants to participate in speculation, but downside volatility has caused most merchants to lose their willingness to treat Bitcoin as a currency. In 2018, with the increasingly strong bear market in the cryptocurrency world, the demand for safe-haven and stable-price trading media in the encryption community has skyrocketed, and countless stablecoin projects have been launched. At the same time, Tether, which occupied the absolute market share of stablecoins in 2017, continued to expand against the trend of black box operations.

Third Party Intermediary - Compromise of Fiat Money Stablecoins
The hot currency-backed stablecoin is undoubtedly a compromise of the cryptocurrency market against traditional currencies.
As Nakamoto said in the Bitcoin White Paper, “trade on the Internet almost requires financial institutions to act as trusted third parties to process electronic payment information. Although such systems work well in most cases, such systems are still endogenously constrained by the weakness of the 'trust based model'... We really need an electronic payment system that is based on cryptography rather than credit, making any parties that have reached an agreement can make payments directly, eliminating the need for third-party intermediaries."
Although the article refers to the payment process in the transaction, it is the same in terms of collateral custody. The trust of third-party financial institutions in this mode is inevitable. Trust means that when the custodian bank secretly misappropriates collateral or bankrupts for any reason, the user's assets will be difficult to guarantee, abbreviated as SPOF single point of failure.
But the good news is that when the market competition is fully carried out, the user as a whole is divided into several different groups, and different fiat money stablecoin products with different audit processes under different banks are used. A single point of failure of an individual project does not affect the continued operation of other stablecoin products; and the community response to a single company's evil or potential evil is greatly magnified as the number of competing products increases.
Taking Tether as an example, the giants who once occupied more than 95% of the market share of the stablecoin market finally ignited the trust crisis in the long-term refusal of transparent auditing, and the market share plummeted. In the foreseeable future, Tether will gradually liberalize its transparency and optimize its relationship with users to maintain its current market share. The stablecoin competing products that continue to enter the market will form a continuous multi-disciplinary force on existing projects in the market to promote market improvement and relief centralized risk.

The Rise and Blockage of Tether
The real rise of stablecoin is actually symbolized by Tether's exponential growth in 2017. From the eve of the dawn of 2017 to the day after 20 months, Tether's market value has skyrocketed from less than $7 million to more than $2.8 billion, a 400-fold increase.

USDT Year Chart (green - currency price; blue - market value)

In 2018, the hot stablecoin market, USDT's exclusive access to the stablecoin, and stablecoin’s widespread dissatisfaction with the rejection of third-party audits attracted many competitors. In March, True USD (TUSD) was transparently managed. The name entered the competition. Around October, stablecoins such as USDCoin (USDC), Gemini Dollar (GUSD) and Paxos Standard (PAX), which had strong background, compliance audit and good asset transparency, went online. At about the same time, perhaps the pressure from friends and merchants has soared. It is a coincidence that Tether has successively experienced a series of scandals and then the price collapsed in mid-October, and evaporated 40% of the market value in the following month. After a series of cycles, the situation gradually eased.
The four consecutive stablecoins mentioned above seized the market share and expanded rapidly in the next few months. In the month before the deadline, Tether's stablecoin market share was stable at around 70%, and the remaining market share was occupied by the top four newcomers. In the process of grabbing the market, there were fluctuations, including the only US compliance encryption. The progress of the USDC issued by the currency exchange COINBASE is the most eye-catching, and its market value accounts for about 10% of the overall stablecoin market at the time of writing.

A simple conclusion is that Tether can still be stable even after the crisis, thanks to Tether's first-mover advantage in its existing position on global exchanges and the high liquidity it represents. The three basic functions of money are pricing units, value storage, and trading media, while liquidity is their common subtext.
The unit price provided by a currency lacking liquidity cannot obtain broad consensus of money users. The lack of consensus leads to price disorder, and the currency thus loses the valuation value. As a value storage and trading medium, it will miss trading object and depth due to low liquidity and cannot complete the basic function as a currency. Although the new four-dollar collateral stabilized currency occupies its place in the start of the competition with Tether, Tether sits on a whole bull market with a trading history that has a relatively complete trading pair coverage in the world's major exchanges; In addition to the full coverage of the exchange, USDT also has a sound OTC network construction, providing the most direct portal for stocks and potential incremental users. Under the superposition, Tether's endogenous and exogenous liquidity advantages are particularly evident, and even in the case of black box scandals, it can still occupy a fairly strong market share. But with the gradual gradual competition, peer supervision and the gradual enrichment of user-selectable products, Tether's fault-tolerant space for future strategies is not as optimistic as imagined.

HUSD - Self-contained Stablecoins
In response to the October crisis in Tether, the Fire Currency Exchange launched a HUSD Stabilization Coin program.
In this scheme, the Firecoin users will automatically convert to HUSD when they recharge the PAX, TUSD, USDC, and GUSD. HUSD has no actual issuance process, but simply a unit of pricing corresponding to four types of stablecoin recharge. After the user converts one of the stablecoins into HUSD, he or she can freely choose any one to redeem.
The program not only helps users to spread the centralization risk of a single fiat money stablecoin, but also helps the four stable coins to complete the group on the fire currency exchange to cope with the existing liquidity competitive advantage of the USDT. But on the other hand, the user's use of HUSD is based on trust in the fire currency exchange, in other words another single point of failure risk. Therefore, in order to dilute the risk of centralization, it is still necessary to transparently deal with the specific schemes of the fire currency exchange, and the supervision of the fire coins by the community, especially other exchanges.

Decentralization Breakout of Stablecoin
At present, a number of currency-backed stablecoins, led by USDT, cover almost all of the market capitalization and liquidity of the stablecoin market.
In this case, MakerDAO's DAI is extraordinarily precious. The DAI Stabilized Currency System generates a stablecoin DAI through over-collateralization of cryptocurrency. Most of the functions within the system are implemented or planned through the deployment of smart contracts, such as chain generation and redemption of stable coins, management of collateral, and so on. In addition to the DAI as a stablecoin, as a dual currency system, there is another governance currency called MKR in MakerDAO. Governance currency holders support the system's decentralized governance functions while enjoying the overall benefits of the system, and provide additional funding buffers for the system in events such as abnormal currency fluctuations.
In MakerDAO's overall vision, the system first endorses the credit of the stablecoin through the chain of excess collateral, while the interest generated by the credit function (the essence of DAI generated by the mortgage cryptocurrency is a lending process), the collateral under abnormal fluctuations The profit from the flat penalty triggered by Ping and the more financial derivative function to support the system's self-operation.
One of the biggest conflicts between the community and the cryptocurrency collateral currency is the risk exposure of the collateral in the warehouse when the cryptocurrency generates a stablecoin. Although in theory the users of the stablecoin can be separated from the mortgagor, the mortgagor can be a more risk-tolerant group, such as an eager borrower, a professional user of financial instruments, etc., but since the stablecoin is issued The identity of the person itself is subject to a natural limitation based on the degree of risk aversion, and its supply has an additional limit.
On the other hand, there is a limited source of information about Ethereum as a single collateral: the mortgagor is limited to holders of Ethereum. In MakerDAO's plan, the multi-collateral version of the system will gradually improve with iteration, and the achievement of this program will effectively reduce the risk of the MakerDAO collateral asset portfolio and increase the potential DAI generation limit. Ample supply and liquidity of the DAI will help activate the system in more possibilities on the market.

Compared to the competition between the four newcomers and the USDT, the position of MakerDAO is quite different. If the user's choice between the four newcomers and the USDT is a trade-off between liquidity (product usability) and security, then between USDT and DAI is liquidity (product usability) and decentralized belief. The trade-off. As far as the market is concerned, MakerDAO's dual currency system seems to explain better how the project side can continue the project through the circulation of profits. Many of the fiat money-backed stablecoin projects have always wondered whether they will realize their own coinage rights in the future and thus harm the user's property rights.
As a successful decentralized stablecoin project, MakerDAO is one of the most successful projects on Ethereum. This is both a tribute to the MakerDAO development path: the development of other projects (dApp) on the Ethereum and the overall robustness of the ecology. As the second generation of the public chain, Ethereum pioneered the concept of smart contract, which is a milestone in the development of application on the chain. However, in the course of many years of development, the performance of the main network and the fragmentation technology have been delayed. So although MakerDAO claims that DAI will have many chain advantages as ERC20 tokens, it seems that the eApp side of Ethereum has not seen a good development momentum.
It is worth mentioning that in the performance of the public chain and dApp development, the EOS public chain has developed rapidly since the launch of the main network in 2018. If EOS has a stablecoin project like MakerDAO, and can properly handle potential security issues in the operation process (such as the potential risks caused by the scalability of the contract, etc.), there is much to be done. After all, in addition to seeking cooperation under the chain, the pricing system of cryptocurrency is more important to find and create niches that belong only to the world of cryptocurrency. A robust dApp ecology with a constant need for stable coins or the only possible form of this niche.

Choice Outside the U.S. Dollar
The few stablecoins currently circulating the most are anchoring the US dollar. There is no doubt that the status of the dollar in the current world currency system is irreplaceable. The bitcoin and other cryptocurrencies described in the beginning of the article lack the independent settlement system, and the US dollar is the extreme of the other end – the currency with the most complete settlement framework in the world.
From the gold standard to the Bretton Woods system, to the current global commodity and foreign exchange trading system centered on the US dollar-oil trading system, the three functions of currency pricing, storage and circulation are reflected in the US dollar. As the currency with the most universal purchasing power and deep trading depth, the US dollar has naturally become the primary anchor for many stablecoins that pursue international influence. The dependence of the stablecoin on the US dollar is a last resort. While stabilizing the dollar, the stablecoin not only enjoys the liquidity advantage brought by the dollar, but also inherits the volatility risk of the dollar itself. Although the US dollar is still the most trustworthy currency on a macro level, if A's main payment scenario is in Country A, and Country A's currency has a large appreciation of the US dollar due to market factors, then the asset holding the anchored US dollar. Bringing a higher base point risk to A.
Among the many non-US dollar currencies, the yen is one of the most distinctive currencies. The Japanese government has a positive attitude towards blockchain technology. In April 2017, it recognized the legal payment status of Bitcoin and formulated a series of laws and regulations for the exchange. At the same time, Japan is also one of the most active participants in the cryptocurrency market. At the end of 2018, Japanese IT giant GMO Internet announced that it plans to introduce a yen-linked cryptocurrency in 2019 to prepare for the next phase of cross-border settlement. The emergence of a liquid currency-stable yen stablecoin will not only help Japanese crypto community members to better participate in daily market behavior, but also help cross-border currency settlement. In addition, due to Japan’s domestic economic structure, monetary policy has maintained ultra-low interest rates for a long time. Under this premise, investors are more willing to invest in sovereign countries with higher interest rates, especially the United States. When the United States is in turmoil, funds are largely returned to the yen, which has a very low risk attribute, which raises the yen and lowers the dollar. Therefore, the emergence of the yen stablecoin can also provide a better safe haven for holders of USD stabilized coins such as USDT in the potential dollar crisis.
In addition to the yen, the private sector or the government of Australia, the euro zone and other countries are also involved in the development and deployment of their domestic currency stablecoin. While the vast majority will still be a similarly centralized bank hosting model, it should still be seen as an improvement and rationally expecting a more equitable and efficient system.

The Future Direction of the Stablecoin
As mentioned at the beginning of the article, the original idea of the cryptocurrency community for Bitcoin was to create a decentralized financial system that would be independent of the traditional monetary system. However, due to the lack of an independent and complete settlement system, or the lack of a broad currency-based pricing consensus, the cryptocurrency world cannot be formed into a real monetary system, and it has to rely on the attachment to the US dollar or other currencies to achieve long-term scenarios. Valuation of prices in cryptocurrencies, etc. Although Bitcoin itself has the believer of the currency standard, the foundation of the belief is mostly based on the re-exponential rise of the price of the bitcoin, which is still the thinking of fiat money.
Given that there is a consensus that goods can only be denominated in currency A in the payment and settlement system of country A, if the cryptocurrency world wants to form an independent payment settlement system, the best pricing unit for the purchase should be cryptocurrency. The anchoring of the U.S. dollar and other fiat money is just to use the currency attribute (otherwise the currency credit cannot be established), and will destruct the consensus to regard cryptocurrency as the best pricing unit and establish an independent monetary system (the cost of convenience). The power of habit is hard to overcome, and the habit of paying the currency of a chain certainly needs to be achieved by the widespread purchase of assets on the chain. This process requires gradual improvement of the payment scenario between stablecoin systems and dApps.
The cryptocurrency eco-walls we mentioned above are based on the hope of this exclusive chain-based settlement system. The simple dApp on the chain is obviously not enough. We also have two topics to be studied in the chain payment scenario and asset chaining. Users must complete the process from chain to chain and back to chain to integrate cryptocurrency pricing into everyday habitual thinking.
Then, the stablecoin will gradually deepen into people's daily life after several decades, while the banknotes gradually withdraw from the trading scene, and the sub-generation gradually accepts the new cryptocurrency value settlement system.

Stable Digital Currency Manual (稳定数字货币手册/)
submitted by Starteos to eos [link] [comments]

LVX Token is the Ultimate Game-Changer that will Completely Open the Derivatives Market!

LVX Token is the Ultimate Game-Changer that will Completely Open the Derivatives Market!
The crash happened. Not once, not twice, but certainly more than thrice. It is as thrilling as it is uncertain. It is Bitcoin and Morgan Stanley said it is behaving a lot like how Nasdaq did in the dot-com bubble but 15 times faster.
Investors with high-risk appetite love Bitcoin’s speculative trading patterns because it comes with juicy high-yield returns. Having said that, there are not many high-risk investors in the global investment market because the bulk of the population consists of many other types of investors who do not find Bitcoin an attractive investment for their portfolios. They label Bitcoin as “a volatile store of value” and veer away for safety.
Being the first cryptocurrency to emerge from Blockchain technology, Bitcoin forged the perception of price-instability, risk and volatility. But eight years have since passed and the more recent BlockChain technologies like Ethereum emerged with multiple platforms that innovate and disrupt many industries. These platforms shift the focus away from cryptocurrencies as financial tools and move it more toward a utilitarian purpose that promises to be stable enough for everyday use, yet lucrative enough as an investment vehicle.
This is huge because the demand for a stable coin or token can easily surpass the demand for volatile cryptocurrency. If a coin or token demonstrates the ability to be as stable as say the US Dollar, people would be comfortable to buy, sell or invest with it daily. When that happens, the masses would become active users of the platform, and this creates a robust, vibrant and fundamentally solid digital economy that could grow big enough to rival any given country’s GDP growth.
LVX: DESIGNED FOR LONG TERM GROWTH The LVX token is a great example of a price-stable coin. It is a native token on Level01, the World’s First Brokerless Derivatives Exchange in Partnership with Thomson Reuters. The LVX token is designed to be a universal asset currency on the platform as it can be used to trade all kinds of derivatives like crypto currencies, commodities, forex and stocks; it can also be converted to Bitcoin or Ethereum, which can then be converted to any fiat currency like USD, RMB and EUD. The founders of Level01 employ smart tokenomics and platform design to drive sustainable long-term growth and efficiency. In simple layman terms, this means this digital ecosystem and its native currency are built to last forever. How is this possible?
Well, are several measures in place:
THE CAP The Cap is a gatekeeper to retaining token value in a healthy digital economy. It is counterproductive to have unlimited tokens because investors are not incentivized to purchase in the short term. Level01’s ICO (Initial Coin Offering) issued its native LVX tokens with the total supply capped at 1,200,000,000 (1.2 Billion) tokens. The sheer size of the issued tokens is large enough to invite global user participation, while the finite amount helps creates scarcity and incentives for people to purchase the tokens immediately. For those doubting, the derivatives market is worth 1.2 quadrillion according to Investopedia, thus our LVX token quantity is actually small and will go up and demand increases.
THE VALUE AND LIQUIDITY Money is a trustworthy unit of account, and store of value with tremendous liquidity. The LVX token meets the very same criteria by virtue of being an ERC20 token on the Ethereum. These tokens enable transparent and fair settlement, because transactions are handled by smart contracts that programmatically disburse returns to trade winners.
To strengthen liquidity and value, the LVX token will be registered on prominent cryptocurrency exchanges worldwide, and be made available for actual trading and exchange with other cryptocurrencies and commodities.
THE WHALES ARE KEPT AWAY Imagine sitting on a seesaw with a whale. There is just no way, you’re going to enjoy the ride because the whale dominates with his weight. The founders of Level01 understand this basic principle and recognize that the true value of the token crowd-sale manifests in its early contributors and diverse community. Every effort is then made to ensure the token sales are distributed to many investors, rather than allowing the concentration of the platform tokens in the hands of single large investors or groups, also known as ‘whales’.
THERE IS TOKEN UTILITY Beyond the promise of a stable trading environment, Level01 rewards early adopters of the token through incentivized staking. LVX tokens can be ‘staked’ by investors to host trading rooms where group-trading events are held, and investors can earn traderoom-hosting commissions. The staked tokens are reimbursed through smart contracts after a staking duration.
Investors are free to use tokens to organize tournaments in daily, weekly, fortnightly and monthly intervals. Tournament host organizers then earn a percentage of tournament fees raised during the event.
These mechanisms encourage investor participation to occur organically at a rate that benefits everyone on the Level01 platform.
THERE IS TRANSPARENCY Level01 investors are privy to transparent market data verified by Thomson Reuters. Historical and real-time data from a credible source empowers investors to make their own financial decisions. On top of that, LVX tokens provide the means to transparent and fair settlement on the Blockchain because it is handled by smart contracts that are programmatically disbursed to trade winners, as trading profits.
These measures secure LVX’s price-stability and make it a viable token or coin for investment. As more users or investors come on board Level01, the global investment market will witness the full potential of a Brokerless Derivatives Exchange.
submitted by Level01Exchange to u/Level01Exchange [link] [comments]

Rather than purchasing USDT, I only believe in algorithm proven “stable currencies”

Rather than purchasing USDT, I only believe in algorithm proven “stable currencies”
I only believe in the algorithm proven “stable currencies”, and refuse to buy USDT. Take a step back and look at their scheme: Continuous issuing of USDT and using it to exchange other currencies. They suppress the currency prices, make empty profit futures, and profit by the low price stages.
Tether, the company behind USDT, claims that every dollarT issue is backed by a dollar, which means that if a customer transfers a dollar to their bank account, they will issue a USDT. However, reality is never as perfect as liars claim it to be.
According to CCN, Tether issued another $415 million USD worth of tokens in August, and USDT’s market value risen to number 8. Currently, daily trading volume is second only to Bitcoin, which is about $2.6 billion USD per day. Circulation rates are also higher than 90%.
Tether has only stuck to one strategy to grow from the market value of 300,000 US dollars to the current 2.8 billion US dollars; nonstop issuing.
Tether has only stuck to one strategy to grow from the market value of 300,000 US dollars to the current 2.8 billion US dollars; nonstop issuing.
Assuming Tether and Bitfinex wants to control the BTC prices, their power alone is insufficient. (New players are about to join the stage)
In addition to the platform trading we are familiar with, there is another trading method for over-the-counter big orders. Specifically, the buyer and the seller agree to a discount (such as 5%) in several batches of transactions.
For example, for a transaction of about 100,000 Bitcoin, to break the transaction over a few days and under each day’s Bitfinex price of about 5%.
On the first day, 20,000 units are traded. Bitfinex price is 10,000 USD, so the transaction price would be 9,500 USD.
The next day, another 20,000 units are traded, but now the Bitfines price may be 12,000 USD so the trading price is adjusted to 11,400 USD.
So on and so forth until the fifth day the last 20,000 units are traded and the transaction is complete.
The most commonly used escrow agent for OTC Bitcoin is Noble Bank. Similar to Taobao, the buyer contacts Noble first. After the buyer receives the currency, Noble transfers to the seller.
It is worth noting that Tether issued a certificate from the FSS Law Firm some time ago, claiming that there is 1:1 USD in their bank account for their issued USDT. However, Eugene Sullivan, a senior partner at the law firm, is also a consultant to Noble Bank!
On August 22nd, Tether Treasury, one of Tether's core wallet addresses, transferred a one-time one-way 100 million USDT to Bitfinex wallet addresses.
From August 12 to 22, Tether Treasury transferred a total of 415 million USDT to Bitfinex wallets, accounting for 13.74% of the current total USDT ($3.02 billion). The transfers within the last ten days were all one-way transfers from Tether to Bitfinex, which is consistent with the additional 415 million issued.
(There is still a lot of USDT in Tether's wallet, it is expected that USDT may continue to be transferred)
Since the 17th, Bitfinex's cold wallet account has reveived up to 30,165 BTC, and after deduction of out transfers, still has a net gain of 17,369 BTC.
Not only that, but Bitfinex's ETH wallet account is also swelling. In just 3 days, it has gained a total of 2.6 million ETH! It is worth noting that this account has been heavily funded in the past two months.
The account also increases in value after every market plunge, and Bitfinex's ETH wealth has crept up to the fifth ranking, reaching an astonishing 1.3 million ETH equivalent to about 2.6 billion RMB!
Will Tether continue to issue USDT? Definitely. The market demand for stable tokens is still increasing. Tether will continue to play the role of the Fed in the currency circle, milking its cash cow of nonstop issuing.
Tether even stated its future in its white paper: to flee!
(Picture Translation Remark: The company may go bankrupt, assets may be frozen by the bank, the company may flee with assets, and this system may collapse with decentralization.)
submitted by BitRabbit_Team to u/BitRabbit_Team [link] [comments]

Why is #Bitcoin continuing to rise? My thoughts...

1) Tax evasion on unrealized profits from Bitcoin appreciation. Meaning as long as bitcoin is going up everything is honky-dory. You have an investment which is off-record and which you dont need to pay taxes on. This adds to the general attractiveness of bitcoin as well as all other altcoins.
2) Profiting from hyperinflation in countries like Zimbabwe, Venezuela or restricted currencies (RMB, China) f.e. People are paying $10,000 USD per Bitcoin in Zimbabwe. The losses on Bitcoin are smaller than the losses on holding their own ZWD for a time. This reminds me of the #hyperinflation in #Germany 1918-1924 during the Weimar Republic. Where neighbours were profiting from the currency depreciation and enjoying it!
3) as mentioned before: the indirect inflation hidden in other currencies which are manipulated (EUR, USD, JPY, GBP, etc.) ie. the need for a replacement of fiat currencies. the key feature of cryptocurrencies such as bitcoin. now the main trust in crypto currencies lies within bitcoin and not other cryptos, due to the easy of access, exchange and fungibility of bitcoin online.
4) the mining flow : people mining altcoins which yield a higher return and selling them continuously to purchase bitcoin.
5) need i mention the much talked about tulip-mania effect? just like with overvalued stocks such as the FAANG (FB, AAPL, NFLX, GOOG, AMZN) you dont need much convincing to get people to keep buying the shares as long as its always going up. this is the mania effect just like dotcom, subprime and many others before (e.g. stock market crash 1929).
6) t.b.c.
PS. if you ask me how far do i think bitcoin can go? i think 7000$ and beyond is possible for the reasons mentioned above. *(2) if people are paying 10,000$ per bitcoin why is it 'only' worth 6000$ across the ocean?
submitted by a3igner to Bitcoin [link] [comments]

A 5.5 million worth of luxurious condominium with 2 rooms and 2 halls in Shenzhen CBD was just swiped away with 92.6 Bitcoins within seconds!

Since yesterday, a series of photo and video showing a successful purchase for a 85 square meter of two-bedroom luxurious condominium by a post-95s buyer in a property agency in Shenzhen, were virally spread and shared on Facebook, Twitter, Instagram, WeChat and many other social media platforms! Can you believe it happened in this real estate downturn in China?!
Surprisingly, the said property with the price of 5.5 million RMB was dealt in 92.6 bitcoins and was fully paid by the buyer to the seller. No, you did not hear it wrong... it is really 92.6 Bitcoins!!!
The post-95s buyer, is said that he is a believer and follower of blockchain, having hundreds of million RMB worth of cryptocurrencies. According to the property agent's statement, the buyer has received thousands of times earnings in the blockchain within three years time and he is still optimistic of the future application of blockchain worldwide, especially in the consumer market."
The agent also added that the seller is willing to accept bitcoin as payment as he believes that the price of a bitcoin will still rise to 3-5 million US dollars in the future.
Until 2018, more than 200,000 merchants in Japan have accepted bitcoin as payments. Moreover, cryptocurrency will be accepted broadly in Japanese public sector, in particular to pay utility bills in very near future.
Looking back at June 2017, the number of countries that accept cryptocurrency was miserable. However, only after a short period of 12 months to June 2018, nearly 90% of Asian countries have eventually accepted the existence of bitcoin and other encrypted cryptocurrencies, regulating blockchain development and its application scenario with enacting relevant legislation. This will certainly safeguard the bright future of blockchain!
FiiiPOS is the first blockchain POS terminal using the DPoC consensus algorithm in the world. Mobile mining can be truly realized through FiiiPOS and our merchants and crypto users can just mine with their own mobile phones! FiiiPOS is currently the only mobile payment POS terminal in the world that is compatible with more than 1,400 cryptocurrencies worldwide.
Together with the FiiiPay Wallet, the combined application of the two forms an invincibly platform of "Paypal in the blockchain + Public comment network"!
Encrypted cryptocurrency wallet is built-in with Hybrid Payment Network (HPN) technology that supports up to 1,400,000TPS and it charges extremely low transaction fee.
The transaction amount can be as low as 1 USD between users and done in lightning speed.
Lots of attention from overseas was attracted to FiiiPay and FiiiPOS even though the two just went live for only two weeks! China media reported and complimented “This is Alipay that uses blockchain to perform”. International media website- HOW TO TOKEN also reported the analysis in details in regards to FiiiPay on its high security measures, POS terminal features etc.
FiiiPay is evolving every day! iPhone X users can even use facial recognition to login, make transaction and spend with cryptocurrency for now!
From today onwards, your bitcoin only recognizes your face! Your girlfriend can never spend your money anymore!
submitted by FiiiLAB to u/FiiiLAB [link] [comments]

The future of Dogecoin: My perspective

Hi. I'm new to Reddit. This is my first post submission. That being said, I thought I'd say my opinion about where I think Doge is heading.
I've been on BTC-e for a month. Not a long time if I do say myself, but I've seen the highs and now the new lows, as well as the ridiculous troll box at work. Fontas is gone(or is he?) and the moon seems farther away than ever before because China recently travelled there.
I think we all know what is holding Bitcoin back, and likewise Dogecoin. I will list them off:
[b]1.) China is cracking down on Bitcoin's mainstream usage in China. It doesn't want their banks involved and it certainly doesn't want people using it as a means to avoid paying taxes. Yet, they have not banned it. Other than China not liking how Bitcoin may take away from their tax revnues and their attempts to clamp down on corruption and money laundering, China actually is fine with Bitcoin. It is fine with Bitcoin because it competes with the US dollar and will help, as a device, medium, or what have you, to upsurp the position of the USD as the international currency reserve. China has made calls for the USD to be replaced with a new international reserve currency. As it stands, the pump and jumps, volatility of the "currency", and how it has no centralized control will prevent it from becoming an international currency any time soon. This is a catch22. My point is as long as it doesn't fuck with China's tax dollars and encourage corruption, then it is here to stay with China.
2.) Christmas and New Years. It is that time of season. People are withdrawing their volumes in order to take their profits for obvious reasons and personal gain. If you got rich from Bitcoin, why wouldn't you treat yourself, significant other, or someone with a present, or nice celebration, or whatever using the profits from Bitcoin a person has made?
3.) Crash. It happened, and people followed by selling off and others cut their loses. But the "currency" currently remains between $600-700. Confidence will slowly return as people buy back into it in the New Year. Volumes will increase. And then it will return to it's previous high of of $1300-ish and even go beyond as many speculate.
4.) Speculation. And Altcurrencies. As well as Pump and Dumps.
This all affects Dogecoin and drives down it's worth and volume. The worth of Dogecoin is pegged to Bitcoin just like any altcoin is. And as more Dogecoin is produced using methods of quantative easing, the value of the currency will also go down. So then, how can it go up?
1.) Demand. Volumes of dogecoin must go up on the exchanges. Reddit and 4chan is doing a good thing by distributing the currency, and as it receives more mainstream media attention, it will entice others to pick up this awesome currency too. Demand will increase as it becomes more popular and widespread.
2.) Marketplace - If dogecoin can go the way of bitcoin in that it becomes widely accepted, then people can use Dogecoin to buy things. We are starting to see this now on Reddit as well as other places, which will increase demand for Dogecoin. The problem is that it will be competing against Bitcoin and Litecoin primarily.
3.) Competition and marketing - Dogecoin will be competing with the other altcurrencies, primarily Bitcoin and Litecoin, so why should people buy Dogecoin over Litecoin, or Dogecoin over Bitcoin? What does Doge have that those two don't? Or what makes it a better investment? Dogecoin should be more than just a memecoin that is a joke, which is now it, but how do we convey this idea to the populace on a greater scale where it can be more widely accepted? As it gains wider acceptance, the value of it will go up and we may even find it on popular exchanges such as BTC-e. If it were to be on BTC-e, I'm speculating that it would be at least $1 per Doge since everything there is at least $1. That would be a big milestone for us, and it goes back to demand and marketing for Dogecoin. It can't just be a meme coin. It has to be more than that.
4.) Confidence. As I've seen on this forum, people are asking "Why is Dogecoin going down in value." Pump and dumps, christmas, and the crash of Bitcoin have shaken the confidence of the coin, not of the core supporters and believers, but of investors. I have never mined one single Dogecoin. I went all in and now my investment has decreased by 3x. That really sucks for me, but luckily I can afford to lose that money. What about serious investors(such as China and those with Bitcoin) who may want to trade BTC and LTC for Dogecoin. There should also be feature to buy Dogecoin with USD instead of bitcoin. As it stands, Dogecoin has gone down. I think 200 BTC in volume has disappeared from the currency since yesterday. It seems more people are going back into BTC or Litecoin. People choosing BTC and LTC over Doge devalues the currency and lowers its value. This is why USD feature to buy and sell Dogecoin is important, so it isn't entirely pegged to LTC and BTC. Pegging Dogecoin to actual currency, such as USD, Euro, RMB would help to improve the value and worth of the currency, which could help to improve confidence as a serious investment. As it stands, Dogecoin seems like feathercoin except with a Dogeface, and I hate to say it. The reason is that there is much volume but it doesn't go up because people prefer other currencies over Dogecoin. People aren't confident in investing profits into the currency as much as they could be. So what is left is with an ever increasing volume and people are just trying to earn a profit by going into BTC rather than keep Dogecoin and trade in USD or Euros.
Dogecoin definately has a future, and it needs to have options to trade with fiat currencies as well as other cryptocurrencies. It needs to be accepted on respected exchanges such as BTC-e. Perhaps it would be a good idea for some of us Doge supporters to start up our own exchanges that trade Dogecoin in fiat and cryptocurrencies so it isn't one of many other cryptocurrencies pegged and at the mercy of BTC and LTC's many ups and downs. Confidence has to increase in the currency as well as trust, if it is to be seen as a serious investment. And it has to become more mainstream and more trusted as a currency than bitcoin, or at least as respected and trusted as LTC and BTC. It can't just be a joke and a memecoin.
I see a bright future with Dogecoin because of how much people like it, as a memecoin or not. It has a great logo, and already has captured the hearts and minds of people. So lets take it to the next level and make it into something really great, like maybe the google of cryptocurrencies. Reddit and 4chan made Bitcoin great and what it is today, and if that is the case, then we can replace bitcoin with Dogecoin and make it something even greater. I see the value of Dogecoin going up to at least 0.000003 BTC, or even 0.00002 or even 0.005. But for it to happen, it must stop being pegged entirely to BTC and have options to trade with other currencies and fiat as well.
submitted by Dogecoine to dogecoin [link] [comments]

China speculations and the coming bounce.

Ok, here is my thinking:
China just found a way to get their money out of the country. They buy bitcoins locally, transfer to Gox or Bitstamp, and then they sell for USD or whatever.
Last night was the smart money in China finally realizing this, and if it were any other country I'd predict a big spike tonight again as the rest of the people caught on.
The problem here is that the most of China's 'working' money is held by very few people and businesses. So there is hypothetically a larger percentage of 'smart money' as compared to the entire economy than say in the US, as the people who hold it usually pay other people to watch it for them.
This isn't the case with most US and EU bitcoin holders, we are pretty much armchair economists riding the wave of a wonderful new creation.
My prediction last night of $350 to $450 was accurate, but not the timeframe. I expected this bubble to be a lot longer in duration, nevertheless for a moment the prediction's price was right on.
What is happening now is that some hesitant buyers are purchasing bitcoins at a discount and China is accepting the difference in what they bought and sold for as the price of converting their currency to USD.
So I ask you, what cost is the average fiat exchanger in China willing to take in order to get cash out their RMB? So far it's a 25% loss if they bought last night. Maybe that is worth the price of business to them, I don't know...
But what I'm saying is that until the market in China drops from lack of buyers, the disparity right now is too great in my mind for them to repeat the rollercoaster we all had (and boy was it a fun one!).
On the other hand, we might meet them the other way, people outside of China realizing how useful Bitcoin is for such things, and buy up the supply that China just dumped on us, matching them internally.
What will happen then, I predict, is another huge spike as 'smart money' starts cashing out their RMB again.
We had amazing volume last night, but don't let that fool you, it was probably only a small slice of the total market that to get their RMB traded to outside money.
So: Prediction. Prices are going to bounce a little (Not dead-cat, but maybe stunned-cat) then fall again in the next 2 days to say $400. Then as the normal state of affairs and the (hopefully) positive news from the senate hearings filters, people buy back up.
And within the next month, when China and Gox are close to parallel (That has to be the hardest arbitrage route in the known universe right now), we will see this wonderful merry-go-round start again.
Just IMO of course, take it with a few dozen grains of salt.
submitted by Grumpy_Kong to BitcoinMarkets [link] [comments]

If I were dealextreme...

...I'd be looking into accepting BTC.
Currently at, a BTC is worth more in RMB than the equivalent USD by 5%. I don't know how stable the BTC/RMB is but with the right hedging, dealextreme could save a few percent on much of its costs plus whatever fees PayPal charges. In their low-margin industry, that could be huge for them!
Everytime a bitcoin exchange opens up in an economy, it's because there's demand for it and for a while that demand out-strips the supply, making bitcoin arbitrage profitable for any vendor that switches from dollars to BTC.
I could see bitcoin taking off faster in newer economies than in the USA!
submitted by eyal0 to Bitcoin [link] [comments]

12-23 08:22 - 'Earn interest and the chance to WIN an iPhone 7 Plus' (self.Bitcoin) by /u/BitBays_com removed from /r/Bitcoin within 18-23min

Merry Christmas Earn interest and the chance to WIN an iPhone 7 Plus
The Arbitrage Fund was created through the cooperation of BitBays and Bitcapital to carry out cross-market arbitrage. Arbitrage Fund Core Advantages:12.96% APR, deposit and withdraw any time, low-risk. Support BTC, USD, RMB. Since March 2014, it has been stable operation for nearly three years. [link]1
The first Christmas present
During the promotion, investments in the BTC arbitrage fund receive a 0.15% bonus reward for the first investment and investments in the USD or RMB arbitrage fund receive a 0.25% reward for the first investment.
The second Christmas present
Invite friends, receive 50% bonus of invited friends’ earnings for 60 days.These 60 days begin when the referral registers at
The third Christmas present
Prize list: First Place: iPhone 7 Plus Second Place: iPhone 7 Third Place: $500 worth of BTC Fourth Place: $300 worth of BTC Fifth Place:$200 worth of BTC P.S. The above prizes can be converted to their BTC values if the winner desires Promotion Rules: If you and your alliance of friends (your investment in the arbitrage fund + your referrals’ investment in the arbitrage fund) is in the top 5, you will win one of above prizes: Example: If you invest 100,000 RMB in the arbitrage fund and refer 3 friends who invest 300,000 each, then you and your alliance together have 1,000,000 invested in the arbitrage fund. [link]2
About BitBays Founded in October 2013, BitBays([link]3 provides international investors a safe, transparent, convenient cryptocurrency exchange services and applications
What is the principle behind the BitBays Arbitrage Fund? Due to price differences across different exchanges and the power of our high-frequency trading technology, BBAF can purchase Bitcoins in lower priced markets and sell them in higher priced markets, automatically and simultaneously at lightning fast speeds. The profit of each transaction is a very small percentage of the transaction, but high-frequency arbitrage allows for tens to hundreds of transactions per second. Due to the small spread of each transaction the risk is incredibly low per transaction.
For example: Huobi and OKCoin bitcoin exchanges on November 2 at 10:07AM have prices of 4989.3 RMB and 4971.12 RMB, respectively. With a price gap of greater than 18 RMB, BBAF will purchase bitcoin on OKCoin and sell bitcoin on Huobi, simultaneously. The total amount of bitcoin held doesn’t change, but profit is made on the price gap. If there is a price gap, there is an arbitrage opportunity.
How do you ensure fund security? 1. Mature Quantitative Trading Strategy The BitBays team has more than 10 years of real financial experience and is well aware of arbitrage hedge risks, and so has created a very mature quantitative strategy. BBAF opened to the public and has been online since 2014. Long-term customer dividends have remained at 10% or more. 2. Strong Security Team The core development team have worked with “Knownsec” which has assumed the development of national security projects, security architecture and defense for the Chinese government. 3. Choose Reliable Bitcoin Exchanges Security is most important so, BBAF cautiously chooses mainstream global exchanges. Second, the user's funds are spread across multiple platforms to further reduce risk. 4. Risk-based Early Warning System Once a loss or API interface problem arises, the system can automatically identify the type of problem and risk, then select the right risk management action. In addition, the system strictly abides by a finely calibrated maximum loss threshold. When this threshold is reached, trading temporarily stops.
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How to get 100 Dollars in Bitcoin for FREE! The Easy Way!!! This is how Bitcoin will hit 1 Million USD Make Money 10000$ Per Day With Bitcoin  Without ... 1 bitcoin worth 1 million dollars, Ethereum #1 ... Online CryptoCurrency Calculator with multi-Cryptocurrencies Simple Bitcoin Converter

BTC [Bitcoin] USD [US Dollar] 0.01 Bitcoin = 131.104000 US Dollar: 0.1 Bitcoin = 1311.040 US Dollar: 1 Bitcoin = 13110.40 US Dollar: 2 Bitcoin = 26220.80 US Dollar: 3 Bitcoin = 39331.20 US Dollar: 5 Bitcoin = 65552.00 US Dollar: 10 Bitcoin = 131104 US Dollar: 20 Bitcoin = 262208 US Dollar: 50 Bitcoin = 655520 US Dollar: 100 Bitcoin = 1311040 US ... At RMB it is a Fen. So 1/100. Especially for currencies with similar values, the "psychological exchange" is quite easier. Since we can imagine the value better. Question therefore. How high would the value of a Bitcoin or a Satoshi have to be, so that we can deal with it well? Relatively easy to answer: 1 Satoshi = 1 Cent (Penny). By th way. 1 Bitcoin entspricht 100 Millionen Satoshi. 1 BTC = 100.000.000 Satoshi. 1 Satoshi entspricht 1 / 100,000,000 BTC. Wie teuer war der erste Bitcoin? 1 Bitcoin-Preis im März 2010 betrug 0,003 USD Was kostet ein Bitcoin 2011? Feb 2011 - April 2011 = 1,00 USD Bitcoin steht dem US-Dollar in nichts nach. 8. Juli 2011 $31.00 oben auf der ersten "Blase", gefolgt vom ersten Preisverfall Dezember 2011 ... There are a number of forecasts that see the Bitcoin at 1 million and more. Most recently, Jesse Lund, Global Head of Blockchain Solutions and Digital Currencies at IBM, gave the 1 million forecast in an interview in February 2019. I tried to analyze this value from a purely macro-economic perspective. And by now I come to the same result of USD 1 million. Rather the value of the Bitcoin will … 1 Usd To Bitcoin Get Bitcoins Fast Earn Free. Btc Usd Technical Outlook Bitcoin Prices Vulnerable To Deeper Losses . Using Anomaly Detection Algorithms To Discover Strong Forces Behind. Bitcoin Rate In Usd. What Is One Bitcoin Worth In Usd How Many Ethereum Variations Are. This Man Bought 27 Of Bitcoins In 2009 And They Re Now Worth 980 000. Usa and bitcoin ethereum price usd today seferan al ...

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How to get 100 Dollars in Bitcoin for FREE! The Easy Way!!!

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