I'll give the first one to find the four hidden cultural references some moons.
What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2018, haven't sold or traded. Did the same in 2019 and 2020. Learn more about the history and rules of the Experimentshere.
October - BTC and Litecoin had a very good month and crypto as a whole did much better than traditional markets.
Overall since Jan. 2018 - Bitcoin still far ahead. And, for the first time since I started this experiment back in Jan. 2018, I'm happy to report: BITCOIN HAS BROKEN EVEN!!!
Combining all three three years, Top Ten cryptos is tied with the S&P if I'd taken a similar approach.
Month Thirty Four – Down 74%
2018 Top Ten Summary for October After an all-red September, it’s nice to see a bit of green this month. Thanks mainly to Bitcoin, the 2018 Top Ten Portfolio finished October with modest gains overall. But, STOP THE PRESS, what is that!??! Green in the “Total % Change” column!?!? Yes indeed: for the first time in 34 monthly updates, I’m happy to announce that BTC ended October worth more than the price I paid for it on the 31st of December, 2017. Although only up +4% overall, it’s been a long road: this small 2018 Top Ten victory is to be celebrated.
Question of the month:
In October, this global payment service announced it will support cryptocurrency buying, selling, and shopping through its platform.
A) Paypal B) Square C) Stripe D) Alipay Scroll down for the answer.
Ranking and October Winners and Losers
Rank of 2018 Portfolio - 40% of cryptos are drop outs Not much movement this month, a bit strange for the 2018 Top Ten Portfolio. Only three cryptos shifted positions in October: NEM’s Top Twenty hopes seem to be fading fast (it dropped from #22 to #24); XLM picked up one spot (#18 to #17); and, much to the relief of long time crypto-ers with a soft spot for the silver to BTC’s gold, Litecoin was able to stop its freefall, rebounding back into the Top Ten nicely, picking up four spots (#12 to #8). Welcome back LTC. Drop outs: After thirty-four months of this experiment 40% of the cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, LINK, and most recently, DOT. October Winners – For the second month in a row, this month’s W goes to Bitcoin, up +25% for the month. Litecoin finishes the month in second place, up 17% and climbing back into the Top Ten. October Losers – For the second month in a row, this month’s L goes to NEM, down -16%. IOTA finished down -11%, the second worst performer of the month. For the overly competitive nerds, below is a tally of the winners of the first 34 months of the 2018 Top Ten Crypto Index Fund Experiment. Bitcoin still has the most monthly wins (9) and Cardano in second place with 6 monthly wins. With another poor performance in October, NEM now has 8 monthly losses. Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month yet since January 2018. Ws and Ls - One coin to rule them all
Overall update – BTC far ahead and breaks even, ETH in distant second place. Dash in last place.
So here we are: point break even. On the 31st of December, 2017, I bought $100 worth of BTC (0.008) at $13,170. Nearly three years later that same 0.008 is worth $13,665. Although only 4%, it’s a symbolic victory and one that’s been a long time coming. The initial investment of $100 thirty-three months ago is now worth about $83. A distant second place, Ethereum is down -45% since January 2018. At this point in the 2018 Top Ten Experiment, Dash is at the bottom. It has lost -93%. The initial $100 invested in Dash 34 months ago is now worth $6.52. The 2018 Portfolio welcomed LTC back Top Ten in October. September 2020 was the first time since I started the experiment back in January 2018 that Litecoin had fallen out of the Top Ten.
Total Market Cap for the entire cryptocurrency sector:
BitDom - growing After a few months of dipping, BitDom shot back up to 63.1% in October. A big move, but for context, it was up over 68% earlier in 2020. For even more context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.
Overall return on $1,000 investment since January 1st, 2018:
2018 Top Ten ROI The 2018 Top Ten Portfolio gained about $25 bucks in October. Despite BTC breaking even, the portfolio overall is still struggling: if I cashed out today, the $1000 initial investment would return about $264, down -74% from January 2018. Down -74% sounds bad (and it is), but the overall direction lately has been encouraging and a nice break from the negative eighties. Here’s a look at the ROI over the life of the experiment, month by month, for some context: 2018 Top Ten Monthly ROI - Red, red, red The absolute bottom was -88% back in January 2019. So the Top Ten Cryptos of 2018 are down -76%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,537 ($264+ $1,660 +$1,613). That’s up about +18% for the three combined portfolios, compared to +11% last month. Here’s a table to help visualize: Combined 2018, 2019, 2020 ROI That’s a +18% (actually +17.9%) gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for three straight years. But surely you’d do better if you went all in on one crypto, right? Depends on your choice. Let’s take a look: Three year club: BTC and ETH tied Only five cryptos have started in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Knowing what we know now, which one would have been best to go all in on? As of this month, it’s basically a tie between BTC and ETH. Both are up +121%, (although BTC is technically $21 ahead of ETH). So: with $3,000 USD, dropped in $1k chunks on January 1st three times in a row since New Year’s Day 2018, you would be up +121%, by going all in on either BTC or ETH. The worst choice? At this point in the experiment, that would be XRP, down -32%.
Comparison to S&P 500:
I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The S&P 500 Index continued its fall from an all time high in August. It ended October up +22% since January 2018. Monthly S&P since January 2018 The initial $1k investment into crypto on January 1st, 2018 would have been worth about $1220 had it been redirected to the S&P. But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
$1000 investment in S&P 500 on January 1st, 2018 = $1220 today
$1000 investment in S&P 500 on January 1st, 2019 = $1300 today
$1000 investment in S&P 500 on January 1st, 2020 = $1010 today
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,530. That is up +17.6%since January 2018. Compared to a +17.9% gain of the combined Top Ten Crypto Experiment Portfolios. You can compare against five individual coins (BTC, ETH, XRP, BCH, and LTC) by using the table above if you want. Gentlemen and lady (hello lady, I see you back there) we have a tie. Well, not quite a tie, crypto is up .3% so crypto gets the win: Three year S&P vs. Top Ten Crypto Experiments Combined ROI That’s seven monthly victories for the S&P vs. three monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P in June.
October saw a bit of divergence between crypto and the S&P: crypto up, S&P down. That separation is nice to see when it often seems that crypto moves in tandem with traditional markets. Two more months left in the year. What more will 2020 throw at us? And how will crypto and traditional markets respond? Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
And the Answer is…
A) Paypal Paypal announced in October that it will allow customers to buy, sell, and hold Bitcoin and other cryptocurrencies. Customers will also be able to pay with crypto at 26 million merchants on its network starting in early 2021.
In September, this decentralized exchange (DEX) overtook Coinbase in trading volume:
A) UniswapB) AaveC) CompoundD) Both A and B Scroll down for the answer.
Ranking and September Winners and Losers
2020 Top 10 Rank Lots of movement this month: six out of the Top Ten changed positions in September. BCH climbed one from #6 to #5 and BNB made a big move from #10 to #6. Going the opposite direction were BSV, EOS, and Tezos, dropping one, two, and four places respectively. The big story though, at least for anyone who’s been watching crypto for a while, was the ejection of Litecoin from the Top Ten. In just 30 days, LTC fell five places from #7 to #12. For some context, Litecoin’s absence from the Top Ten is a Top Ten Experiment first. It is also the first time since CoinMarketCap has tracked crypto rankings that Litecoin has not has not held a spot in the Top Ten. Drop outs: after nine months of the experiment, 30% of the cryptos that started 2020 in the Top Ten have dropped out. LTC, EOS, and Tezos have been replaced by ADA,LINK, and most recently, DOT. September Winners – Winner, singular: BNB was the only crypto to finish in the green, finished up +25% for the month, and gained four places in the rankings. A very good month for Binance Coin. September Losers – Tezos was the worst performing crypto of the 2020 Top Ten portfolio, losing nearly a third of its value, down -31% for the month. LTC also had a bad month, losing -24% and dropping out of the Top Ten. Since COVID-19 has hammered the sporting world, let’s be overly competitive and pit these cryptos against each other, shall we? Here’s a table showing which cryptos have the most monthly wins and losses nine months into the 2020 Top Ten Crypto Index Fund Experiment: Wins/Losses ETH is in the lead three monthly Ws, followed by Tether and Tezos with two wins each. Even though it is up +79% since January 1st, 2020, BSV has the most monthly losses: it has been the worst performing crypto of the group four out of the first nine months in 2020.
Overall update – ETH maintains strong lead, followed by BNB. 100% of Top Ten are in positive territory.
Ethereum remains firmly in the lead, up +187% on the year. Thanks to a strong month for BNB and a weak month for Tezos,Binance Coin has overtaken XTZ for second place, and is now up +109% in 2020. Discounting Tether (no offense Big-T), EOS (+4%) is the worst performing cryptocurrency of the 2020 Top Ten Portfolio. 100% of the cryptos in this group are in positive territory.
Total Market Cap for the cryptocurrency sector:
The overall crypto market lost about $35B in September, ending the month up +85% since the beginning of this year’s experiment in January 2020. Despite a rough month, this is the second highest month-end level since the 2020 Top Ten Experiment started nine months ago.
Monthly BitDom - 2020 BitDom ticked up slightly this month, but is still lower than it has been for most of the year. As always, a low BitDom reflects a greater appetite for altcoins. For context, the BitDom range since the beginning of the experiment in January 2020 has been roughly between 57% and 68%.
Overall return on investment since January 1st, 2020:
After an initial $1000 investment on January 1st, the 2020 Top Ten Portfolio is now worth $1,536, up +56%. This is the best performing of the three Top Ten Crypto Index Fund Portfolios, but not by much: the 2019 Top Ten came in at +54% in September. Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along: Monthly ROI - 2020 Top Ten Even during the zombie apocalypse blip in March, the 2020 Top Ten has managed to end every month so far in the green (for a mirror image, check out the all red table you’ll find in the 2018 experiment). The range of monthly ROI for the 2020 Top Ten has been between a low of +7% in March and high of +83% in August. So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line for the three portfolios: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $3,340 ($238+ $1,538 +$1,564). That’s up about +11% for the three combined portfolios, compared to +31% last month. Here’s a table to help visualize the progress of the combined portfolios: Combined ROI - UP +11% That’s a +11% gain by buying $1k of the cryptos that happened to be in the Top Ten on January 1st, 2018, 2019, and 2020. But what if I’d gone all in on only one Top Ten crypto for the past three years? While many have come and gone over the life of the experiment, five cryptos have started in Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC (Big L, no pressure, but if you don’t claw yourself back in the Top Ten by January 2021, you’re out of the club). Let’s take a look: Three Year Club At this point in the Experiments, Ethereum (+104%) would have easily returned the most, followed by BTC (+77%). On the other hand, following this approach with XRP, I would have been down nearly a third at -31%. So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.
Comparison to S&P 500
I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. The S&P slipped a bit from an all time high in August and is now up just +5% in 2020. Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +56%. The initial $1k investment in crypto is now worth about $1,563. That same $1k I put into crypto in January 2020 would be worth $1050 had it been redirected to the S&P 500 instead. That’s a $513 difference on a $1k investment, one of the largest gaps in favor of crypto all year. But that’s just 2020. What about in the longer term? What if I invested in the S&P 500 the same way I did during the first three years of the Top Ten Crypto Index Fund Experiments? What I like to call the world’s slowest dollar cost averaging method? Here are the figures:
$1000 investment in S&P 500 on January 1st, 2018 = $1260 today
$1000 investment in S&P 500 on January 1st, 2019 = $1350 today
$1000 investment in S&P 500 on January 1st, 2020 = $1050 today
So, taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,660. That $3,660 is up +22%since January 2018, compared to a +11% gain of the combined Top Ten Crypto Experiment Portfolios over the same period of time. That’s an 11% swing in favor of the S&P 500 and breaks a two month mini-streak of wins from the Top Ten crypto portfolios. For those keeping track or unable to see the table above: that’s seven monthly victories for the S&P vs. two monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P back in June.
September saw losses for both traditional and crypto markets, but crypto got hit harder. What can we expect for the rest of 2020? The Neverending Year is entering the final quarter and is not finished with us yet: a lot can and will happen in the remaining months. More volatility is no doubt to come as we enter the final stretch of a truly unpredictable and exhausting year. Buckle up. Stay healthy and take care of yourselves out there. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
I first heard about bitcoin from way back when my friend was using it to purchase weed, then i watched it for a good year or 2 before its big move mid to late 2016 when literally everyone was talking about it (even the IT guy that visits about once a year mentioned it and my 50 year old boss was suddenly very interested). I never intended to buy any crypto until i seen an article on yahoo about IOTA, how it addressed all of bitcoins problems and how it was rising in value fast. This got me excited because i thought i’d missed the boat with bitcoin from a huge growth potential point of view but a new better coin grabbed my attention and interested me from a greed perspective. I quickly sold IOTA when i heard their wallet didn’t work and found XRB (someone was shilling it on twitter when i searched for IOTA). There i bought it at approx $1 and have watched it all the way up and all the way back down. Through bitgrail, rebranding, Binance, bear market, improvements, i’ve watched it. Im not even mid 20’s yet and i’m either spending my Nano when its buying me a house or i’m not selling all of my stack until i’m retiring off it. Anyhow back to the point, i first invested in crypto because i knew of all the problems of bitcoin and found an article on a credible website promoting an alternative. We need to start reaching out to those writing articles and suggesting they look into Nano. Trust me articles that display a new crypto that will make people rich are clickbait gold so writers are incentivised to write about Nano. I was trying to find the video where Nano is demonstrated when purchasing (i think it was coffee) on youtube and i cant find it. We need to get a stockpile of videos like that on youtube so when people google nano the top result is real life use. We need to actually try to get Nano mentioned where normal people will read it because Bitcoin isn’t the solution to payments Nano is.
Weekly update. 437 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 437 BTC were 1,852,000,000,000 Bs. One BTC is around 4,600,000,000 Bs. Monthly minimum wage is less 2 USD. PhD uni professor earns 4 USD monthly.
Ultimate glossary of crypto currency terms, acronyms and abbreviations
I lost it all (this my old rogerver bcashy troll account btw) I don’t even know how to start but as of yesterday I’m officially broke, I ruined my life and future. I’m a 23yrs guy, my journey with Bitcoin started in 2014. I bought it to actually use it not sure if people do that nowadays? but The HODL journey didn’t start until the beginning of 2017 as I notice the $ value in my blockchain wallet steadily increasing didn’t even know how or why it was increasing I thought it was a glitch making me free money for this reason I decided to go ALL IN I dumped my life saving into Bitcoin. price was around 1-2K $ and I was able to get 11 BTC in total. Unfortunately before the Bullrun start I lost around 4 coin due to ICO"s scams and just buying shitcooins in poloniex with zero trading knowledge(had a great time with the trollbox). After my loss I took my coins out of the exchange and held in a cold wallet, Fast forwards September 2017 the price kept going up I couldn’t even believe it specially after it broke past 10k I was so euphoric matter fact I was chilling in here, in this subreddit celebrating with everyone posting memes etc.. When BTC hit 20k my greedy asss still didnt wanna sell I didn’t have a price target I though it will keep going up forever. It was going so quick I couldn’t even process what was happening I told my siblings I was rich they told me to sell this bubble but I said "HELL NO! I was part of the moonboy gang we don’t sell we HOODL" I was 19 at the time. seeing this type of money was unreal I had more than 6 fucking figures in my wallet. Eventually we topped out at 20k I didn’t sell although the price kept going down and down and Depression started to hit after we dropped below 10k specially when it went down more near the 3k level I started to regret everything kicking my self for not listening to my siblings when they told me sell. Nonetheless I still had faith in Bitcoin and knew one day we will recover but I needed to accepted the fact that it might take months maybe years to get back to ath. for this reason I disconnected from the crypto community I had to forget about Bitcoin so I shifted my focus somewhere else luckily I stumbled across this popular game called “Fortnite” it took all my time and distraction away from my crypto for a good year or two I barely even noticed the peak of 2019. Anyways mid-late 2019 I got heavy in the stock market I started to see all these guru make insane amount of money just day trading. I was more of an investor type guy but I consumed so much information about day trading and how the psychological aspect is so important, I guess I mastered a bit of that by holding Bitcoin throughout the bear market. Anyways recently in August during the Bitcoin rally I though I had enough skills and decided it was finally time for me to trade Bitcoin specially because it was tradable 24/7 I wanted to start increasing my money and stop sitting on my coins I've had enough of the bear market I thought it was gonna be another P&D episode specially after I started to get deeper in the Crypto community and understood how price moves. I used to be Bitcoin maximalist but then I started to notice the suspicious activity around bitcoin, I came to realize that bitcoin was not the same as it was before, these toxic unregulated entities have turned bitcoin into a giant ponzi playground with everyone being brainwashed by these crypto twitter advocates who are nothing but CZ binance acting puppets. I know it sound crazy but it’s true, the receipt it out to the public, the price is manipulated by Tetther Mafia and these scam exchange. I don’t believe in conspiracy but neither do I believe in coincidence, I witnessed this fraud my own eyes, Whale-alert notified me every time Tetther printed new money and sent it to exchanges and next thing you the price went up. Ever since they added derivative I assume they manipulate the price in spot to liquidate future traders. This whole rally was propt by Tetther mafia using the overall condition in the market as an excuse to attempt artificial FOMO and bring real liquidity in this fake liquidity pool. As the fraud was getting more obvious I started to despise Bitcoin and traded the ponzi based off emotions I neglected the technicals I didn’t have risk management and eventually got liquidated. This is my 3yr+ journey went from 11 btc to 0.. I feel horrible,sad, hopeless and disappointed this was my whole networth vanished in 1-2month. I deprived myself from so many things these last few years hoping my investment grows enough to fund my future. My family still think I’m holding Bitcoins I feel so bad I let them down not sure I'll be able to recover from this. Ps: for those saying Tetther is an old conspiracy trust me this time is different and incomparable to the previous years, the fraud is fully transparent now. Their activity has been very suspicious and concerning lately I’m sensing a major exit-scam. this will impact the whole crypto space because this unbacked counterfeit USD holds most if not all the order book liquidity.
I converted my moon to nano and I think I made a mistake 'AMA'
Because I am a degenerate gambler (who tries to quit) I transferred the nano almost immediately to binance and open a 125x position on bitcoin. I hope you will not ask if long or short because you know how bitcoin moved in the last days. It does not matter, I got liquidated. This is what most of the gamblers do with money that falls from the sky, they gamble it all and 90% of them also lose it all. Now, without any moon I think I missed the chance to be part of this very big movement, that is crypto currency. Because if crypto succeeds, as I think it will, this subreddit might be the main source of news for everyone and looking of how hard is to get some moons now, I really think I blew it. I love nano, and I bough back, but how do I get my moons back on reddit? I can buy them also but where do I store them securely outside of reddit? Also posts like this are making me think /cryptocurrency is heading the right way. So if you want 200 moons it seems you have to do a post at least as good as that. Damn.
Usually, bull markets attract a lot of new investors - although speculators should be the right word here - and as usual, a lot of them are going to be crushed a way or another. First, before putting a single dollar, euro or whatever in the market, you should read a lot to know exactly what you're looking for. Are you here for the tech and/or the cypherpunk ethos ? Great, there's lot of resources out there (my links are cleaned but as always, do your due diligence) :
The Bitcoin Whitepaper, the one and only : bitcoin.org/bitcoin.pdf Since I'm linking to bitcoin.org, friendly reminder to avoid bitcoin.com, owned by a former supporter now con-artist Roger Ver.
Andreas Antonopoulos website : https://aantonop.com Andreas is one of best guys able to educate on bitcoin and its properties, for free, which helps.
Jameson Lopp website : lopp.net Jameson is a member of Bitcoin Core, cypherpunk, also able to educate a lot. His website is full of free resources and other links. You'll have a lot to read.
Hal Finney : he's unfortunately dead but I would advise to read about Hal Finney, the first to receive bitcoin Satoshi. A great cryptographer, the inventor of the first reusable PoW and one of the first bitcoin supporters. You'll be able to find his messages on this old forum Bitcoin Talk, by the way you'll be able to find the first chats about bitcoin on this forum bitcointalk.org
Monero website : getmonero.org Yep, I know it's gonna be controversial to post an altcoin link but personally, I think that Monero (aka XMR) is the only other coin with a big cypherpunk community, decentralized, and able to help newcomers with a great sense of responsibility, since the ethos here is to save privacy.
What Bitcoin Did : of course, Peter is controversial but I love him and I find his former blog and his podcasts very needed because he doesn't oversell himself. Pete knows that he's not a tech guy (like many of us) and just wants to spread the word, I think he does a good job with this.
Now, you've read and you want to put some skin in the game. Several exchanges are acceptable, a lot of aren't, be careful and assume that none really are (know that I won't post any ref links) :
to me, the best, although it's UI is quite old : Kraken €/$/pound/swiss franc on-off ramp
Coinbase and Coinbase Pro Difficult not to mention Coinbase, although I can't stand Brian Armstrong and the way they are doing their best to support scams currently. You should rather use Coinbase Pro if you have to since the fees are much lower.
Binance Binance came later than the previous ones but has managed to take most of the market. Now, you should remember what I said about being careful.
Huobi The biggest chinese exchange and they work closely with chinese official. Again, careful.
Bittrex Once at the top, now somewhere in the limbs.
A lot of new comers came recently like btse, ftx, feel free to try them while always keeping in mind that once your money is on exchanges, it's not yours anymore.
This was for centralized exchanges aka CEX. Talking about custodial, you'll need wallets to store your (bit)coins. Always try to use non-custodial wallets, which means wallets that give you your private keys. This way, if the software goes down, you can always retreive your money. Now, I won't link to all the existing wallets but will advise you to buy hardware wallets (trezor or ledger but there are others) or to create (on off-gap computers) paper wallets you're able to store safely (against all risks, not only robbery but housefire). You also could use your memory with brain wallets but, my gosh, I wouldn't trust myself. For Bitcoin (or even Litecoin), Electrum software can do a good job (but save your keys). AGAIN, DON'T KEEP YOUR SAVINGS ON AN EXCHANGE Now, about trading : it's been repeated and repeated but don't chase pumps and altcoins. Yep, it's probably the fastest way to make money. It's also the fastest to lose it. I won't lie : I made good money during the 2017-bullrun and I took profits but I also forgot to sell some shitcoins thinking it would keep going up, now I'm still holding these bags (although I don't really care). I know that a lot forgot to take profits. Take profits, always take profits, whatever your strategy is. Don't fall for people trying to sell you their bags, for ICOs trying to sell you a product which isn't released yet and obviously, don't fall for people asking for your private key. Also, know that there's two endgames : accumulating bitcoin or fiat. I'm rather in the first team but whatever your strategy is, take profits. (Yes, I know, some will say accumulating ethereum or something else). It's true that a lot of ethereum holders made a lot of money during the last bullrun (ethereum helped me make money too) but I'm really biased in favor of bitcoin (and monero). So, pick your coin but again, do your due diligence. A lot of people here or there will talk about the best tech, the fact that bitcoin is old and slow. I would need another post to go further on this point but know that a lof of air flight systems are old too but reliable. Trustless and reliable is the point here. This is the post from someone who bought bitcoin seven or six years ago, who lost part of them, who spent part of them (but don't regret this at all), who is still learning and I hope it will help others, although it would need a book to be complete.
What is the best way of selling a trading algorithm?
I created a trading algorithm which I want to sell. Its not scam, which usually people say when you want to sell it instead of keep it to urself. I dont really understand why except of being sceptical, correct me if im wrong. I want to know what kind of money making strategies are the best for selling my trading algorithm.
Payments for running my algorithm
Server 1, for my website.
Server 2, for my algorithm. (for security and performance its better to keeps these 2 seperate.)
Maybe some other payments I dont know yet that I have to pay for.
These payments are usually monthly or yearly payments.
Earnings that could be invested into the payments above
A part time job with an average salary of around 1k a month.
Me investing money into my own bot. I could withdraw a specific percentage after each profit trade. Balanced just right so I still raise in money thats inside my bot and do not get just 5 cents out of the withdraw.
These are earnings I could use to invest when im at the startup period. Since I would probably not earn enough money in this period with as good as no users at all.
Money earned from people that invested into my bot (algorithm).
This is the earning I want to use when im **not** in the **startup period**.
These are the strategies I am thinking of:
Starting is free, trades made by my bot (algorithm) have trading fee's from, for example, binance. And withdraw costs are 10% where, for example, 1% goes to binance and 9% to me. Pros:
New users might think its pretty cheap, they would lose nothing then already free earned money. the algoritm made $50 into $500 for them and they only lose 10% of it. Which would be $450 left with a $50 loss from that $500. This could result into more users, meaning more money invested in my bot.
If a user puts $1000 into my bot and keeps it running for 10 years with an average profit of 100% per year they would end up with 1 million. If users actually keep there money for this long without any withdraw I would basicly not earn any money from them till the last 10th year. If I do not have enough users that do withdraw in time it could result in being bankrupt...
I am not so sure if I can even make this strategy possible. Since the accounts are from an exchange like Binance I dont know if I can make sure an user can only withdraw at my website, so I can make sure I receive that 10% (-1% to binance, so 9%). If an user could login into there account and withdraw on the binance website I ofcourse can't receive that 10% so easily.
Inactive users. Users who lost there account or are not using it for any other reason. I would never receive any money from these type of users.
My opinion I would like to use this strat mostly because of my first pros. I told some real life people what I am creating and they where all saying that if it was only 10% they would for sure do it. These where people that never traded before and some of them I even had to explain what bitcoin was... This is ofcourse not my target audience but I would totally not mind if they would invest in me. Everyone was new to trading at some point and maybe I can be the trigger for them to start getting into it (or better said, getting into me :D ).
Starting is free, each trade made by my algorithm, buy or sell, will cost the user, for example, 0.5% of the amount. Where the withdraw costs are 0, exept for the costs that binance asks. Pros
I would earn **ALOT** more money the early states and would be able to pay off the servers or even upgrade them way fasteearlyer. This removes the risk of getting bankrupt at some point by not earning enough.
I would 100% sure be able to receive money from users, there would be no way (as far as I know) that users could bypass the costs. Which in strategy #1 may be possible.
Inactive users would not matter.
As good as all other websites that sell there algorithm's have this way of selling. I Belive being unique can work in case of getting extra users. They might think im different then these "scammers" if I use strategy #1.
Users might feel like they lose alot of money if they would start doing alot of calculations. And in the long term, they will ofcourse lose more money. Which is good for me but bad for them. This could result into losing users or getting less "new/starting" users.
My opinion This is definitly a secure/safe option. Especially in the early states. Maybe I could use this in the early states and use strategy #1 after the startup period (for only new users). But this could make everything very complicated.
Starting will cost, for example, $500. Trading fee's are free, exept for the one's from binance. And the same for withdrawing. Pros
I would for sure earn from each user and will be able to pay off my server's costs. But only if im actually popular.
New users would not buy or try my algorithm because it might be to expensive.
New users would not buy or try my algorithm because they could think its fake and do not want to take the risk.
People who are not experienced in trading or in investing would probably never start using my algorithm. Since I told some of those kind of people about this project I know this is true.
I would only earn once and only a set amount which would not make me really that rich... :D
My opinion It has more cons then pros which in my opinion means this is just a bad strategy.
What I want
I would like to know what u guys think is the best strategy and especially why. I would like it if someone has actually some tested results in what people would probably like the most and what would "sell" the best. If someone knows a 4th strategy or even more then I would like to know. But only the best strategy I would use and which one that is is what I want to know. NOTE! These pros and cons are NOT directly some actual facts or have never been seriously TESTED by me so if one of these are actually wrong, im sorry.
I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? -74%
EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 31 -74% See the full blog post with all the tableshere. tl;dr: purchased $100 of Top Ten Cryptos in Jan. 2018, haven't sold or traded, repeated in 2019 and 2020, update y'all monthly. July was very strong for crypto. For 2018 Top Ten: ADA finished the month on top. ETH and XRP also very strong. Overall, BTC still waaaay in the lead and is approaching break even point. Three cryptos (IOTA,NEM, DASH) have lost over 90% of value. Over three years, cryptos outperforming S&P if I'd taken a similar approach.
A) Bitcoin B) Ethereum C) Bitcoin Cash D) XRP Scroll down for the answer.
Ranking and July Winners and Losers
Not a ton of movement for the 2018 Top Ten group this month. Cardano and XRP both climbed one position while NEM gained two, clawing itself back into the Top Thirty. Dash headed in the other direction, dropping two places in the rankings. Considering all that has changed in the world of crypto since the beginning of 2018, it’s interesting to note that only four out of the ten cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether,BSV, and newcomer CRO. July Winners – It was a very strong month: all cryptos made significant gains in July. But for the third month in a row ADA outperformed the field, gaining +57% in July. ETH finished a close second, up +55% followed by XRP which gained +52%. July Losers – Even during a good month, NEM can’t catch a break. Its +23% gain made it the worst performer of the 2018 Top Ten. How has your favorite crypto fared over the first 31 months of the 2018 Top Ten Crypto Index Fund Experiment? Bitcoin still has the most monthly wins (7) but look at this: thanks to its strong 2020 including three straight monthly wins, Cardano is now right behind BTC with 6 monthly wins. Which project has the most monthly losses? NEM stands alone with 6. Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month. It came close this month, gaining “only” +26%.
Overall update – BTC approaching break even point, second place ETH in the lonely middle, NEM still worst performing.
Although it wasn’t able to keep pace with its peers in July, BTC continues to slowly but surely approach its break even point. It is down about $1,500 (-12%) since my purchase in January 2018. My initial investment of $100 thirty-one months ago is now worth about $88. Even though Ethereum has lost half of its value since the experiment began, it is all alone in second place: no other crypto is close. NEM seems comfortable in its usual place, down at the bottom. It has lost -94% over the life of the experiment. That initial $100 investment in NEM is now worth $5.78. Dash and IOTA join NEM as the only three cryptos in the Top Ten that have lost at least -90% of their value since January 2018.
Total Market Cap for the entire cryptocurrency sector:
Total market cap since Jan 2018 The crypto market added about $82B in July, making up a ton of ground. The last time we saw a similar level in terms of overall crypto market cap was way back in the fifth month of the 2018 Top Ten Experiment: May 2018.
Le Bitdom since January 2018 Since Bitcoin receives much of the attention in the press, it may surprise the casual observer to learn that Bitcoin Dominance dropped quite a bit in July, especially considering BitDom had been stuck at roughly the same level for most of 2020. This signals an interest in altcoins and a willingness to buy into riskier cryptos. Some context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.
Overall return on investment since January 1st, 2018:
The 2018 Top Ten Portfolio gained over $70 in July 2020. If I cashed out today, my $1000 initial investment would return about $260, down -74% from January 2018. This sounds horrible but don’t hang yourself with a celibate rope: the 2018 return on investment is back where it was about a year ago. Take a look at the ROI over the life of the experiment, month by month, for some context: Yes, you may notice that the 2018 Top Ten portfolio has finished over half of the first thirty one months down at least -80%, but it’s nice to see the low -70s for a change. So the Top Ten Cryptos of 2018 are down -74%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,6965 ($260+ $1,722 +$1,713). That’s up about +23% for the three combined portfolios, compared to -10% last month. It also marks the highest ROI of the three combined portfolios since I added this metric this year. The previous high was +13% back in January 2020. Having trouble visualizing? Don’t worry, I got what you need: Combined ROI So, a +23% gain by dropping $1k on whichever cryptos were in the Top Ten on January 1st for three straight years, fine. But what if I’d done the same with just one crypto? Bitcoin always wins, right? Thanks to Reddit user u/sebikun for the idea for a new metric and let’s take a look: 3-year club ROI As you can see, only five cryptos have remained in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Best one to have gone all in on at this point in the Experiment? Ethereum, which would have nearly doubled. Worst choice? If I went with XRP, I would have been down -23%.
Comparison to S&P 500:
I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The US economy continued to recover in July: the S&P 500 is back up to pre-COVID levels. The initial $1k investment into crypto on January 1st, 2018 would have been worth about $220 had it been redirected to the S&P. But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
$1000 investment in S&P 500 on January 1st, 2018: +$220
$1000 investment in S&P 500 on January 1st, 2019: +$310
$1000 investment in S&P 500 on January 1st, 2020: +$10
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,540. That is up over+18%since January 2018, compared to a +23% gain of the combined Top Ten Crypto Experiment Portfolios. That’s a 5% swing in favor of theTop Ten Crypto Portfolios! As you’ll see in the table below, this is the first time since I started recording this metric that crypto has outperformed the S&P had I taken a similar investment approach. This is a big turnaround from the 22% difference in favor of the S&P just last month. 3 x $1k crypto vs. S&P
The 2018 Top Ten Cryptos have consistently under-performed when compared to the overall crypto market. This month, for example, the total market cap is down -29% from January 2018 compared to the -74% loss for the cryptos that began 2018 in the Top Ten. At no point in the first 31 months of the Experiment has this investment strategy been successful: the 2018 Top Ten as a group have under-performed the overall market every single month. This of course suggests that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k on January 1st, 2018 to Bitcoin, for example, would have lost me -12% instead of -74%. On the other hand, this bit of diversification has served me well compared to going all in on NEM, Dash, or IOTA, all of which are down at least -90%. The follow-on Top Ten experiments in 2019 and 2020 have seen similar, but not identical, results. There have been a few examples of the Top Ten approach outperforming the overall market in the first 19 months of the parallel 2019 Top Ten Crypto Experiment. And up until the last few months of the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time.
Crypto had an undoubtedly strong month in July, green across the board. Was this just a happy blip, are we in for some consolidation, or are we on the way up? Stay tuned. Final words: take care of each other, wear your mask, wash your hands. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
What is the best cryptocurrency to invest in right now?
What is the best cryptocurrency to invest in right now?
Traders worry every day about which cryptocurrency to invest in. The crypto market, however, is still difficult to predict. There is no simple answer as to which coins will win the race in 2020. The guarantee: Bitcoin Bitcoin will always be a good investment. Satoshi Nakamoto’s invention continues to lead in terms of market capitalization and trade volume. Almost every crypto exchange can trade Bitcoin and it is the cryptocurrency that is used the most. If you can or just want to invest in a single cryptocurrency, Bitcoin is always a good choice. The first true peer-to-peer currency is still the number 1 cryptocurrencies. So far, there is no indication that Bitcoin will be thrown from the throne in the foreseeable future. The next Bitcoin Halving will also take place in 2020. This means that fewer coins are distributed during mining. The available amount grows more slowly, so that every single coin becomes more valuable as soon as the demand increases. Many investors expect price increases after halving. It is not guaranteed that Bitcoin will experience the biggest growth in 2020. But it’s the most stable cryptocurrency to invest so far. Advantages: – Strongest market dominance, largest trading volume – The most widely used cryptocurrency worldwide – Secure facility Bitcoin alternatives Bitcoin clones could also be a safe investment: cryptocurrencies such as Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC) or Bitcoin SV (BSV). These cryptocurrencies are mostly faster and more technically advanced than Bitcoin, but will not be able to break its market dominance in the foreseeable future. They have the same purpose: digital means of payment for the Internet. Your prices often move parallel to the Bitcoin price, but can also rise or fall with a time delay. Some of them have the potential to grow faster than their template, but it is not guaranteed. – Good alternative to diversification – Potential for big price gains Binance Coin (BNB) The Binance Coin (BNB) is the cryptocurrency of the largest exchange in the world: Binance. The Exchange has expanded considerably in recent years and plans to continue doing so in 2020. An investment in the Binance Coin is equivalent to an investment in the Exchange. The Binance Coin can be used to trade on the cryptocurrency exchange. If you buy cryptocurrencies with her, you get discounts on your purchases. Binance coins therefore have a benefit for every trader. Binance will soon start a decentralized exchange called Binance DEX, on which in turn the in-house cryptocurrency can be used as a means of payment. That makes the Binance Coin extremely liquid. Shortly after the start of the cryptocurrency, it was able to get a permanent place in the top 10 largest cryptocurrencies on CoinMarketCap. In 2019, the BNB price tripled. – Extremely liquid cryptocurrency – Currency on the largest exchange: Binance – Could already gain good prices Tron (TRX) Tron is a blockchain platform from Justin Sun, an important figure in the crypto scene. An independent ecosystem for the entertainment industry is to be created on the platform. Every user should be able to upload their own videos, pictures, music, texts etc. without being dependent on companies like YouTube. Basically, it’s a smart contract platform, similar to Ethereum (which is also a good investment). Users can upload data, make it available to other users and write their own smart contracts. Tron now attracts a large number of investors. There is a lot of potential in the project. In 2017, Tron’s price rose from EUR 0.0018 to EUR 0.045. In 2018 and 2019, the cryptocurrency gained more and more ground in the crypto world and is now among the top 15 in terms of market capitalization.
Brief Comments on Goguen: Q4 2020, Q1 2021, utility, Marlowe, DSL, Glow, Plutus, IELE, smart contracts, thanksgiving to you, sidechains and Hydra, Goguen rollout and additions to product update
Weekly update. 437 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 437 BTC were 1,852,000,000,000 Bs. One BTC is around 4,600,000,000 Bs. Monthly minimum wage is less 2 USD. PhD uni professor earns 4 USD monthly.
Weekly update. 485 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 485 BTC were 1,796,000,000,000 Bs. One BTC is around 4,100,000,000 Bs. Monthly minimum wage is around 2 USD. PhD uni professor earns 4 USD monthly.
In response to the post about merchandise pinned here , I was wondering would it be possible to create a custom cryptocurrency version of Monopoly called (of course) Moonopoly! Christmas is just around the corner and it would make a great gift to a fellow crypto enthusiast, or could even be given out as prizes! Anyway, regardless of whether or not this is a good idea that can be taken seriously, or something completely ridiculous, I figured we could have some fun now deciding how this game would hypothetically be played and allocating the squares for the board. Here are my ideas: It would work just like normal Monopoly which we're all familiar with. But instead of being handed out a set amount of $ or whatever, the currency for Moonopoly could be Dai/Satoshis...or even Moons! Instead of the 28 properties we could have 28 cryptos. (Just like in standard monopoly, their value doesn't have to be exact to real life.) Bitcoin and Etherum are the equivalent of the premium properties (Mayfair and Park Lane on UK Monopoly). Perhaps nano could be the cheap Old Kent Road (Don't hate me nano fans, I love nano really. In fact nano could be the Free Parking square!) So let's say you land on the Bitcoin (Mayfair) square and want to buy it. That will cost you 0.1 BTC. If someone lands on it, they have to give you 0.01 BTC. Instead of building houses and hotels, you can add more Bitcoins/Eth etc, which would then increase the amount someone would have to pay when they land on your crypto. The 4 railroads could be exchanges (Binance, Coinbase etc.) and perhaps the two utilities could be something deFi like Uniswap and Honeyswap. We could have a lot of fun with the Chance and Community Chest cards. Here are some ideas: -You entered your seed in a phishing site. Pay 0.3 BTC. -You've received an airdrop. Collect 0.2 BTC. -Binance has been hacked. Pay 0.5 BTC. -Bullrun confirmed! Collect 0.4 BTC. -The ICO you invested in has exit scammed. Pay 0.2 BTC. -You didn't file your crypto taxes. Go to jail. Don't pass Go. Don't collect 0.1 BTC... For the pieces (i.e. the dog, the boot, the hat..) we could have: -Doge -Carlos Matos -Bogdanoff -Victor Cobra? Alright, it might sound a bit silly. I mean who are we going to play this with? But let's not worry about that. I want to know, what would you have on your Moonopoly board?
$1,000 invested in Top 10 Cryptos of 2019 now worth $1,260 (UP +26%)
EXPERIMENT - Tracking Top 10 Cryptos of 2019 - Month Eighteen - UP +26% See the full blog post with all the tableshere. tl;dr - Tether (as it's designed to do) holds its ground, all others finish the month in negative territory. Tron finishes June in second place, down -2%. BSV loses nearly 25% of value in June. Overall, since January 2019, BTC in lead, ETH takes over second place, XRP still worst performing. The 2019 Top 10 is up +26% almost equal to the the gains of the S&P 500 over the same time period (+24%).
According to a June article citing unnamed sources, which two FinTech companies are planning to allow their users to buy and sell crypto directly?
A) Paypal and Venmo B) Square and Cashapp C) Robinhood and Revolut D) Sofi and Coinbase Scroll down for the answer.
Ranking and June Winners and Losers
XRP and Stellar slipped one place each in the rankings in June, now at #4 and #14 respectively. EOS fell two spots to #11 and joins Stellar and Tron as the only three cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin, Cardano, and newcomer CRO. Tether was the only crypto to move up in rank in June. Not a good sign when Tether is the only crypto to move up. Not a good sign when Tether enters the Top 3. June Winners – Tether. Second comes Tron, which basically held its ground at -2%. June Losers – BSV lost -23% of its value in June making it the worst performing of the 2019 Top Ten portfolio. EOS had a rough month as well, down -17%, dropping two spots in the rankings, and falling out of the Top Ten. If you’re keeping score, here is tally of which coins have the most monthly wins and loses during the first 18 months of the 2019 Top Ten Experiment: Tether is still in the lead with six monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in seven out of eighteen months. The only crypto not to win a month so far? XRP. (In fairness, XRP has also not lost any month yet).
Overall update – BTC in lead, ETH takes over second place, XRP still worst performing
BTC is out front for the second straight month and ETH has taken over second place from BSV. Ahead until April, BSV has simply not keep up with the pack over the last two months. Bitcoin is up +144% since January 2019. The initial $100 investment in BTC is currently worth $249. Eighteen months in, 50% of the 2019 Top Ten cryptos are in the green since the beginning of the experiment. The other five cryptos are either flat or in negative territory, including last place XRP (down -50% since January 2019).
Total Market Cap for the entire cryptocurrency sector:
The crypto market as a whole is down about $20B in June, but still up +106% since January 2019.
BitDom finally wobbled in June, but not by much – it’s been in a very familiar zone for months now, indicating a lack of excitement (or at least a low risk tolerance) for altcoins. Taking a wider view, the Bitcoin Dominance range since the beginning of the experiment in January 2019 has ranged between 50%-70%.
Overall return on investment since January 1st, 2019:
The 2019 Top Ten Portfolio lost almost $175 in June. After the initial $1000 investment, the 2019 group of Top Ten cryptos is worth $1,259. That’s up about +26%. Here’s a look at the ROI over the life of the first 18 months of the 2019 Top Ten Index Fund experiment, month by month: 18 months of ROI, mostly green Unlike the completely red table you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the lowest point (-9%), and the highest point (+114%) was May 2019. How does the 2019 Top Ten Index Fund Portfolio compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $2,710. That’s down about -10% for the three combined portfolios. Last month that figure was +4%. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. Here’s a new table to help visualize the progress of the combined portfolios: ROI of all three combined portfolios - not exactly inspiring How do crypto returns compare to traditional markets?
Comparison to S&P 500:
Good thing I’m tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Even with unemployment, protests, and COVID, the US market continued to rebound in June. It’s now up +24% in the last 18 months. The initial $1k investment I put into crypto would be worth $1,240 had it been redirected to the S&P 500 in January 2019. As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +26% over last 18 months, just about equal to the return of the S&P 500 over the same time period. Just last month the ROI of the 2019 Top Ten crypto portfolio was nearly double the S&P 500 since January 1st, 2019. But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
$1000 investment in S&P 500 on January 1st, 2018: +$170
$1000 investment in S&P 500 on January 1st, 2019: +$240
$1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370. That $3,370 is up over+12%since January 2018, compared to the $2,710 value (-10%) of the combined Top Ten Crypto Experiment Portfolios. Here’s another new table that compares the ROI of the combined crypto portfolios to a hypothetical similar approach with the S&P 500: We see in June the largest difference in favor of the S&P since the beginning of 2020: a 22% gap. Compare that February, when there was only a 1% difference in ROI.
Since January 2019, the crypto market as a whole has gained +106% compared to the 2019 Top Ten Crypto Portfolio which has gained +26%. That’s an 80% gap. At this point in the 2019 Experiment, an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the 2019 Top Ten. Over the course of the first 18 months of tracking the 2019 Top Ten, there have been instances this was a winning strategy, but the cases have been few and far between. The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first thirty months of that Experiment. And for the most recent 2020 Top Ten group? The opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…up until the last two months.
As the world continues to battle COVID, traditional markets seem to be recovering. Will crypto make a significant move in the second half of 2020? Final word: Stay safe and take care of each other. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.
And the Answer is…
A) Paypal and Venmo According to a Coindesk report in June, three sources familiar with the matter say that Paypal and Paypal-owned Venmo are planning to allow their users to buy and sell crypto. Paypal has declined to comment.
11-05 20:58 - 'Is Bitcoin Safe and Legal?' (self.Bitcoin) by /u/koinalio removed from /r/Bitcoin within 2-12min
''' Buying, selling, or trading bitcoin is a private transaction in every part of the world. It is a lawful activity in most western and advanced countries, including the US, Canada, and the U.K. Some large economies have restrictions on Bitcoin, including China (ownership discouraged although not a criminal violation) and India ( banks banned from engaging in Bitcoin). Governments everywhere have concerns with the anonymous movement of funds; they wish to prevent the use of money for illegal purposes. Koinal understands the importance of anti-corruption laws and maintains legal standards for all sales and purchases. The best advice is to consult the laws of the country where one lives and intends to do business with Bitcoin. Koinal operates within the bounds of all applicable laws and meets legal requirements for transactions in every state in which it does business.
Is Bitcoin Safe?
The safety of Bitcoin also has some variables. Like all cryptocurrencies, there is no physical note or document. Owners must safely keep their digital currency and access codes because if lost or misused, there may be no recourse. An elaborate security system surrounds Bitcoin. The digital currency exists in a blockchain that cannot be altered by any government or central authority. Every Bitcoin transaction is transparent and watched by a global network. Unlike some other types of transactions, once the Bitcoin moves, there is no reversal mechanism. When you sell or buy, the transfer cannot be undone or canceled. Bitcoin is the oldest of the major currencies that include Ethereum, Lite, and Ripple. Bitcoin, by far, has the highest value, and many investors prefer Bitcoin for investment potential. Bitcoin is among the small group of cryptocurrencies that bring high levels of interest from mainstream financial companies and banks. Relative to other cryptocurrencies, Bitcoin enjoys a high level of interest. It is the most well-known cryptocurrency.
People can buy cryptocurrencies in many ways. The blockchain ledgers keep track of Bitcoin’s existence and ownership, and owners can transfer it on a peer-to-peer basis. Peer to peer transactions does not require any action by a government, bank, or any central authority. A safer and more widely used method is to perform transactions on Bitcoin exchanges. [Koinal works with Binance]1 and other leading currency exchanges. Koinal provides a simple and effective way to purchase Bitcoin using regular bank credit cards and debit cards.
Taxes and Virtual Currency
Bitcoin transactions can result in taxation when used to pay for goods, services, and wages. While it is not a recognized form of currency under U.S. tax law, it does have value. In some instances, the tax code assesses Bitcoin by its fair market value at the time of purchase. The U.S. government’s Internal Revenue Service has noticed Bitcoin and digital currency. It issued an advisory in 2014 and a new item on the tax return for 2020. The IRS named Bitcoin as one of many virtual currencies. The IRS advises that Bitcoin may represent income under tax laws and maybe a taxable asset when held as property. When treated as property under a national tax code, Bitcoin may get treated like other assets that grow in value, such as the U.S. capital gains tax. Investors, buyers, and sellers should consult legal and tax advisors for advice on their situations. At Koinal, we do not offer tax advice. We simply point out that each investor must examine the tax implications of Bitcoin or other virtual currency transactions.
Keeping Within the Law and Regulations
Koinal takes all required steps to keep its transactions within the bounds of national laws and regulations. Koinal requires identification and personal information needed to comply with anti-corruption and know-your-customer rules(KYC). Bitcoin transactions are not anonymous under current rules and regulations. Koinal offers a seamless purchasing experiencing for Bitcoin that can use a bank credit card or debit card. Our system provides quick and reliable delivery to the coordinates of your choice. Bitcoin offers exciting potential for usage as a currency, medium of exchange, and as an investment. When you are ready to purchase, visit our Koinal.io website to buy bitcoin instantly with your credit card. ''' Is Bitcoin Safe and Legal? Go1dfish undelete link unreddit undelete link Author: koinalio 1: **w**o*nal.io/blog*bin*nce-to-j*in-e*fo*ts*with-koin*** Unknown links are censored to prevent spreading illicit content.
For us who use Decentralized Finance (DeFi) as a common term, we know it represents an enormous shift in how we transact with one another: borrowing money, exchanging currencies, how we view insurance, etc. While total assets involved in DeFi still seem to be increasing right now, there are various factors that will prevent us from growing further. DeFi’s largest barriers for adoption Interoperability — Right now Ethereum gas fees seem like they are always increasing and ETH 2.0 may still be 6 months or more away. We need the ability to make DeFi more accessible to individuals who can’t afford high gas prices per transaction and start including native blockchain assets that are stranded on other platforms. Trust — Unfortunately our biggest issue is still trust. While none of us in crypto expect to know the identity of the other party, many of us just send funds to people we don’t know for vague promises of more wealth. In fact, the biggest type of fraud is still the “giveaway scam” which asks offer to send something back — but its only an offer, there is no guarantee. This is totally unsustainable. What about doing business outside of crypto? Ultimately, DeFi doesn’t keep going unless we create methods for non-crypto native businesses to integrate. While the community might approve sending crypto to each other without a safety in place, this will never work for 99% of online marketplaces. So we need:
DeFi options on lower cost platforms
Trading across blockchains
More flexibility for peer to peer transactions
Easier methods for online marketplaces to integrate and use crypto
Bondly is a trusted, transparent and portable swap protocol designed to make you into a marketplace. Our family of trust-enabling, DeFi products are designed to be a part of your everyday buying and selling activities, giving you piece of mind for your next swap or online purchase.
Similar to Binance OTC Trading Portal but directly on-chain and can be sent via any chat app using different blockchains Wallet to Wallet trustless Over the Counter (OTC) trades that are performed by signing a smart contract. Completely portable smart link can be sent via a chat app or on your favorite social media. It will first support all ERC-20 tokens and NFT (Ethereum) then eventually With BSWAP you can:
Sell a large order of a low liquidity token with no risk of slippage
Become your own NFT marketplace by minting the token, setting your own price, then post to your social media for your audience to buy
Buy assets using Debit/Credit card (using our third party partner onramp)
Send smart link in Telegram to someone you know or your favorite group
Similar to Mooniswap but includes rewards token provided to Liquidity Providers on top of fee share Interoperable Decentralized Exchange (DEX) thats easy to use and blockchain agnostic. Requires liquidity provider (LP) participants to pool assets for a portion of transaction fees along with rewards APY rewards. Our pricing engine will compare major cross chain swap options and will let you know the best one to use (even if its not us). Validation is done directly within your Web3 browser (with Metamask) or polkadot.js based Native Wallet. With BOND DEX you can:
Trade native assets on Polkadot with USDC on Ethereum
Get recommendations on the cheapest bridge transaction path
Create your own asset pairs that otherwise might not exist
BOND PROTECT (BPROTECT)
Similar to Paypal/AliPay Express Buyer Protection combined with Escrow.com with a simple UX like Zapper.fi or Zircon This is our most revolutionary product that we feel will have the largest impact to the eCommerce market. PROTECT is decentralized escrow and buyer protection for customers of crypto friendly marketplaces.
Designed to replace all site specific crypto escrow products with an easy to use API and completely smart contract driven product. Marketplaces may still be in a ‘validator’ role for the marketplace transaction but now they don’t have direct access to funds. This mitigates misappropriation by the marketplace along with exit scamming
By participating in the Bondly network, marketplace vendors can represent themselves as BPROTECT ready and show their on-chain transaction history and successful Bondly enabled deals
BPROTECT will have a similar UX to Zapper.Fi that will pull this vendors on chain activity and history into one place across ethereum and our native substrate chain so you can see their status and history
Functions as a ‘Buyer Protection’ similar to most major marketplaces, where customers are protected by collateral within Bondly
First customers will be marketplaces that sell digital goods like Domain Names and In-Game items and that support crypto payments already. Existing domain name credentials and ownership will be wrapped in an NFT and swapped for requested crypto directly
Requires that the marketplace itself stakes Bondly collateral as well as each individual marketplace vendor
COMPLETELY UNDERCUTS the whole ‘fake review’ industry which is prominently used to inflate value on sites like Amazon.com
With BPROTECT you can
Give more trust to your buyers that you will provide the purchased asset in a timely fashion
As a buyer you can request sellers to use this method so you have more trust
Sell an asset via OTC that you do not have yet (e.g. waiting for vesting) by staking collateral in the Bondly network
Set up recurring payments from individuals to vendors that can deduct from your account every month, similar to a Netflix subscription completely crypto enabled
How does BOND PROTECT work?
For individual OTC Trades:
Seller stakes collateral and ensures the buyer will receive asset by a specified date or with a specific condition
If agreement is violated, collateral is forfeited and transferred to the buyer
For Marketplace Vendors:
Vendors stake collateral (earning staking rewards for doing so)
Should a vendor violate a sale condition (e.g. not deliver a good on time), BOND collateral is provided to buyers as compensation
Each sale is recorded on-chain for transparency
Vendors who provide extended positive service with a long term history are rewarded through our staking/LP rewards program
As our ‘sibling’ projects Darwinia and Bifrost have realized, Polkadot and using Substrate represents a phenomenal step forward in interoperability. It offers:
Total flexibility for building a cross asset non-custodial token bridge
Seamless integration of our partners/peer bridges between infrastructure
Built in network security
Efficient token standard indexing for every type of asset in every type of blockchain
We don’t have Digital Money without Bitcoin; We don’t have Smart Contracts and DeFi without Ethereum; We don’t have true interoperability without Polkadot and Substrate. In a future article we will talk more about our Kusama testnet release.
Whats next for BONDLY?
BONDSWAP for Ethereum, the first formal product release, will be available soon (so hold off on your OTC transaction until then). This will include support for the Bondly staking program. Detailed roadmaps for the other products will be announced soon! In the meantime we will be making additional articles (but not limited to) the following topics:
How to buy Bitcoin and Deposit on Roobet Full Tutorial
Hello! In this thread I will do my very best to explain how to purchase Bitcoin safely and deposit it onto Roobet.com ! If anything is too confusing or you need further instructions feel free to message a mod for help!Be very aware of other users offering to sell you bitcoin or purchase on your behalf.If you are new to Bitcoin in general I strongly recommend watching this quick video on the basics of bitcoin safety https://www.youtube.com/watch?v=2z2xggmeW1AAfter you have watched that or you already understand bitcoin skip to down below! Buying Bitcoin Step 1 Chosing an exchange Ok so you want to buy bitcoin to play on roobet? No problem! Bitcoin is super easy to use once you understand it! The first thing you need to do is pick an exchange to purchase from. I would recommendcoinbaseas it is a very large and trusted exchange.If coinbase does not work in your region then I would recommendBinance The last option if buying online doesn't work would be a local Bitcoin ATM use google to find one close to you. Step 2 Signing up -coinbase Sign up using https://www.coinbase.com/join/carava_zo to get a bonus 10$ btc on your first purchase Once you create an account you will be prompt to verify both a Email & Phone Number *Sometimes a photo id is required* *(It is recommend to add one as it will improve account security and increase your buying limit)* Follow the on screen prompts until you get to Add Payment Method Add your method of payment Once you link a Bank/Credit Card you will now be in the main page https://preview.redd.it/a58hftutv8d51.png?width=1892&format=png&auto=webp&s=9ce87ba198fdcaad10a2da4725c1030fca4d1741
Copy the Bitcoin Address (Your bitcoin address not the one in the screenshot)
Head back to coinbase
You should still have the Sent/Receive tab open if not open it back up
Put in the amount of BTC you wish to send
I like to add a note to keep my purchases organized this is optional
PASTE THE ROOBET DEPOSIT ADDRESS WE COPIED FROM STEP 1
DOUBLE TRIPLE QUADRUPLE CHECK THE ADDRESS IS CORRECT YOU ONLY GET 1 SHOT AT THIS GO SLOW
If everything looks good click send
TRIPLE CHECK BEFORE CLICKING SEND You will be given a confirmation screen again take note of the fees It is easy to get confused especially with currency conversion its always best to look at the BTC amount not the $ amount. (pro tip) Last chance to check everything Once you confirmed everything click send and the BTC is on its way! Go back to roobet and keep an eye on your notifications. Thanks to Roobet Instant funding you only need 1 confirmation before your funds are ready to go! https://preview.redd.it/14x2wwmo59d51.png?width=524&format=png&auto=webp&s=d40212fd1b67555fecb6e7f69c78d47c1abe569f Thats it!!!!You have successfully purchased and added BTC to your roobet account! Things to note Bitcoin is risky be safe take time to learn it Gambling is risky... Crpto is risky this website combines both please take the appropriate steps to ensure not only your financial safety but also your metal health Play Smart Play Safe Thank you for reading!if this helped you at all I would love it if you used my links above when signing up This was my first reddit guide I apologize if it is messy/confusing I will work on the formatting any Feedback is appreciated -Dom
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