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The underrated stock survey! Submit your picks for the community to track
Following on the previous tracking post (http://redd.it/i2mmzg) and the highly upvoted request from DJ-Ascii , I've set up this post for another round of underrated or undervalued stock picks. As before, let us know what stock you believe is underrated and a consistent winner that has done well for you, or you believe will do well going forward. In order to make this easier to track please use the following guidelines for submitting.
Only one submission per comment. You can make multiple comments, but please only submit one stock per comment.
Please include at least the ticker and the company name. Feel free to explain why you think this is a good stock.
I'll add these new picks alongside the old survey so as to update you on each portfolio over time. Don't worry about any overlaps. Edit 1: I've compiled everyone who has posted so far, but I'll look out for any final additions tomorrow. The list will then be locked EOD on Friday the 7th of August, and all prices will start from there. Edit 2: All picks have now been locked down and consolidated into the list below. Stocks are sorted in alphabetical order of their company name and the ID corresponds to the approximate order in which they were submitted. The next update will be in 30 days.
BTCetc Bitcoin Exchange Traded Crypto (ISIN: DE000A27Z304 Ticker: BTCE) is a new ETF that is based on Bitcoin. I am wonder if investing in it would be a smart move and if its betteworse than just owing Bitcoin directly. Does it even have any benefits over owing Bitcoins yourself?
Wanted to share some of the more successful tickers that I'm currently invested in. Been seeing a good amount of posts where people are looking to diversify so I hope this helps any one who may be looking for new stock ideas. My portfolio sways more towards tech and renewable energy 🤙🏼 Tech: AMD - great performer in the microchip space. People keep bashing them because they're now about half the market cap of intel. I honestly see them continuing to take market share from intel because of their new products and chip capabilities ATVI - gaming has been a great play in general. The pandemic has increased revenue across the board and new COD releases in Nov. New gen consoles also coming out will give them GBTC - trust that mimics the value of bitcoin. Once Bitcoin or crypto gets an ETF I'm planning on buying that with most of this money RKT - started investing around the ipo ($18) with stock. Made a bunch on options and sold those Monday when it was in the $29s. Now holding only shares through earnings, which are averaged up to ab $21/share. This is most definitely a long hold in my portfolio Energy: BE - a little volatile at times but good upside. They're also landing some big contracts that have to do with hydrogen energy conversion on tanker ships which to me is just cool as hell lol ENPH - been a big riser and a good portion of my portfolio (since it was at $4 in early 2018). Still has room to grow, their microinverters are unmatched in the industry, and lots of solid partnerships PBW - clean energy ETF with solid growth TAN - solar ETF with solid growth TSLA - not worth investing pre-split at this point, but it's worth monitoring for any post split volatility. Sounds funny but the $420/share meme will definitely be a factor Other: LOW - picked up Lowe's when I started getting into RKT. Solid performer and since home ownership is increasing it seems like a good play for the rest of 2020 Like I said above I hope this helps! Definitely open to watchlist suggestions in the comments if y'all got any!! RKT to tha mooon!
I have 700k cash sitting in my money market account. I have been sitting on cash since 2016 waiting for that recession so I can perfectly time the market. And in the process I have lost ...not sure how much but a LOT. So I have the following in mind.
33% - golden butterfly allocation
33% - dividend growth investing
33% - high savings account (wealthfront)
Let me know if this would protect me from the downside while giving me a decent amount of returns. EDIT 02/20 Here is a summary of all the nuggets that came out from this thread. Love it. Will updated when I plan my portfolio. -VGRO for the win. ( probably VUG) -three-fund portfolio Vanguard Total Stock Market Index Fund (VTSAX) Vanguard Total International Stock Index Fund (VTIAX) Vanguard Total Bond Market Fund (VBTLX) -I personally like some international exposure so have 20% of my portfolio in VTIAX. Great article in international investing https://www.fidelity.com/viewpoints/investing-ideas/international-investing-myths -SPCE. Bet it all on $40 June calls. -You might consider a bogleheads portfolio. Here is my set it and forget it allocation: 70% VTSAX (ETF equivalent is VTI) 20% VTIAX (ETF equivalent is VXUS) 10% VBTLX (ETF equivalent is BND) -A very general rule of thumb is that your bond allocation should equal your age minus 10 (i.e., a 40-year old investor would own approximately 30% bonds, 70% stocks). -I plan to dollar cost average into simple investments like the S&P, dividend growth fund DGRO (which I just love), and some bonds for safety. It’s very similar to VIG -Everything into SPCE calls. Literally no risk ( are you serious?) -if you want to mess with things, i would say swap the small cap value for dividend growth in the golden butterfly. ( Makes sense) having 33% of your 750k in high savings is DUMB. (thanks) -Dollar cost average into the market. Select an appropriate asset allocation for your goals. ( Yes!!!) -Be aware that the average return (say 6-7%) is not the same as as what you can realistically draw as an income.First, for a consistent income stream you need to inflation proof the principle. -Also the portfolios that have been analyzed to death that can reliably support that are basically 50 to 70 percent broadly diverse equities and the difference in broadly diverse bonds (index funds with essentially no fees or loads of course). 6-12mo DTE AAPL/MSFT CALLS. LEHGO (Nah!) -I would invest a small PORTION, into a mix of dividend stocks/etf, a mix of growth stocks/etf, and a mix of gold and gold miners. I wouldn’t do bonds personally, but I would consider high yield saving account if it is liquid and they payout interest often (daily) and I can transfer money quickly to take advantage of market opportunities. ( Dividend stocks and Growth stocks makes sense) -I wouldn’t put everything in the market all at once. Start very small and add to your positions slowly until you get more comfortable and understand the market more. Always have some cash on the sideline to take advantage of potential opportunities. ( Will follow this advice) -If it were my 700k I would invest in Dividend Kings and Aristocrats and let the yield on cost grow over the next decade or two. ( Thanks for letting me know, i will look into it more) -My recommendation would be to DCA into a growth fund like VUG over the next 12-24 months. That will protect you from a sudden correction. Personally, I wouldn't invest in dividend/value tickers, especially if you're under 40. (I’d definitely do this, Thanks. I will do Dividend growth for the passive income) -If I suddenly got $700K, I'd put it all in high-growth tech funds. (If this was 2015 and I were to d it again, I’d do it. FAANGU stocks might be at peak) However, there's still value to be found in this expensive market. For example, the banking sector still looks undervalued relative to the S&P. So you can probably divide your allocation between growth, value, and money market funds. -bitcoin (Will run away from any crypto) -Everything else which isn't that defensive cushion is a highly diversified portfolio of stocks which produce an average dividend of 1.7%. Having more cash or bonds than you need is typically going to underperform. VGRO for the win. Set it and forget it! (Probably not, I’d probably do a US growth fund) -If you were to try to diy look up some ways to invest in non correlated asset classes that offer a higher rate of return while limiting down side. If you want dividends, I'm a fan on the high yield bond fund. Make sure you do your research as to what's actually in it, though, and balance your portfolio accordingly. Understand the risks involved in bonds, and the risks involved in bonds that pay 8%, before investing. ( I think VWINX is a good one) -I'll throw out the two rock solid fundsI always recommend: Vwelx/vwinx. The divvy alone will at least keep your assets in the game, and if you look at '08 vwinx only took a 27% hit from previous highs. ( I like the VWINX more) -Simply put your money into VTWAX. total world stock index. Maximum diversification. Low cost. Low risk as possible. (not too optimistic about the emerging market and frontier markets) -30 houses in a cheap metro. (Too much work, I have a demanding full time job and collecting rents is no fun when you have difficult clients)
App Name: TradingView - stock charts, Forex & Bitcoin ticker Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors. Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time. At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs. You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities. TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas. Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money. Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more. Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time. Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit. Flexible settings help you to track the indices you need and also group them in a way that is convenient for you. Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app. Real-time data from global exchanges Gain access to data in real-time on more than 100,000 instruments from over 50 exchanges from the United States, Russia, the East, and countries in Asia and Europe, such as: NYSE, LSE, TSE, SSE, HKEx, Euronext, TSX, SZSE, FWB, SIX, ASX, KRX, NASDAQ, JSE, Bolsa de Madrid, TWSE, BM&F/B3, MOEX and many others! Commodity prices In real-time, you can track prices for gold, silver, oil, natural gas, cotton, sugar, wheat, corn, and many other products. Global indices Track major indices of the world stock market in real-time: ■ North and South America: Dow Jones, S&P 500, NYSE, NASDAQ Composite, SmallCap 2000, NASDAQ 100, Merval, Bovespa, RUSSELL 2000, IPC, IPSA; ■ Europe: CAC 40, FTSE MIB, IBEX 35, ATX, BEL 20, DAX, BSE Sofia, PX, РТС, ММВБ (MOEX); ■ Asian-Pacific Ocean Regions: NIKKEI 225, SENSEX, NIFTY, SHANGHAI COMPOSITE, S&P/ASX 200, HANG SENG, KOSPI, KLCI, NZSE 50; ■ Africa: Kenya NSE 20, Semdex, Moroccan All Shares, South Africa 40; and ■ Middle East: EGX 30, Amman SE General, Kuwait Main, TA 25. Cryptocurrency Get the opportunity to compare prices from leading cryptocurrency exchanges, such as HitBTC, Binance, BitBay, Coinbase, Mercado Gemini, Kraken, Huobi, OkCoin, and many others. Get information on prices for: ■ Bitcoin (BTC), Litecoin (LTC), Ripple (XRP); ■ Ethereum ( ETH), Ethereum Classic (ETC), IOTA; ■ Dogecoin (DOGE), USD Coin (USDC), Tron (TRX); ■ Stellar (XLM), Tether (USDT), Cardano (ADA); ■ Monero (XMR), ZCash (ZEC), Dash. Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp Mod Features: Additional indicators available in pro version of this app
Gundlach Compares Recent Buy-the-Dip Mentality to Subprime Crisis
Jeffrey Gundlach is worried that investors are getting suckered into buying the dip in stocks, high-yield bonds and leveraged loans. In his annual “Just Markets” webcast on Tuesday, DoubleLine Capital’s chief investment officer sounded off on a range of topics, including Bitcoin, Federal Reserve Chairman Jerome Powell’s “pivot,” the growth of the U.S. national debt, and the problem of underfunded state and local government pension plans. But it was the “BTFD” 1mentality that’s lasted for so long in risky corners of the financial market that had him drawing comparisons to the subprime mortgage crisis. He explained his chief cause for concern: “People were panicking in the later part of December. They were panicking, actually, but the flow data shows they were panicking into stocks, not out of stocks. People have been so programmed, and feel so frustrated by selling when we get dips, that this time they weren’t going to be fooled. This time, they were going to buy the dip. I worry about that, though, because it reminds me a little bit about how the credit crisis developed in 2007 and 2008.” He’s right. A quick look at fund flow data for the iShares Core S&P 500 exchange-traded fund (ticker IVV) and the SPDR S&P 500 ETF (ticker SPY) tells the story. The iShares fund avoided outflows from Dec. 11 through the end of last week, even as stocks fluctuated wildly, data compiled by Bloomberg show. The SPDR fund drew the most money since February on Dec. 21, the day it tumbled 2.62 percent, part of the fund’s longest losing streak since January 2008. https://preview.redd.it/a4z0rqb9gm921.png?width=754&format=png&auto=webp&s=2c6acad308881b15b4d8f3c96966b43a337eca35 Whoever did that is “feeling good today,” Gundlach said. But he offered a reminder of what happened to investors more than a decade ago who snapped up subprime mortgages at what they thought were low prices. “The people who bought the dip, they didn’t sell, they hung on, and the market started to crack again. And we have that waterfall that ended up happening. The people who bought the dip ended up getting scared and turned from buyers into sellers. There’s potential for that here.” It’s not just the U.S. stock market that’s witnessing this, either. Junk bonds have come roaring back, with the Bloomberg Barclays U.S. Corporate High Yield Bond Index already returning 2.5 percent so far in 2019. The average price of leveraged loans, as measured by the S&P/LSTA Leveraged Loan Index, is up to 96 cents, compared with 93.8 cents at the end of 2018. Investors should use this recent strength in junk bonds “as a gift, and get out of them,” Gundlach said. “Investors bought bank loans and high yield, I can understand why you buy the dip, I get it, buying the dip certainly worked back in 2016 and if you missed that, you feel bad about it. But like I said about subprime back in 2007, the first people, they buy the dip, they’ve never done that before, but they’ve been trained now to do it after continued frustration for not doing so, and then when prices head lower, suddenly those buyers turn into sellers, and with all the supply that’s coming, it’s a really interesting issue who’s going to buy it.” All of this is to say Gundlach doesn’t seem to be a fan of risky investments at these prices. By his thinking, capital preservation is key because markets may be approaching the point at which some of these dips are going to end up being much more than just that. Though he wouldn’t necessarily load up on long-term U.S. Treasuries, either — that rally might be over, after a nice rebound to end 2018, he said. https://preview.redd.it/71bstrtigm921.png?width=780&format=png&auto=webp&s=a3750e6fba846d2f0c945755ba7fcc975dae673d Dismiss his gloomy outlook if you wish, but, as Bloomberg News’s John Gittelsohn noted ahead of the webcast, a lot of what Gundlach predicted in 2018 came true. He called for U.S. equities to rise early in 2018 but then eventually reverse and leave the market down for the year. He nailed the direction of stocks better than some of his equity counterparts. If you’re an active fund manager, it’s hard not to sympathize with his view on buying the dip. It has been so prevalent, for so long, that it seemed almost inevitable that the late 2018 drop wouldn’t last. The wave of cash coming into passive ETFs tracking the S&P 500, even as the market tumbled, says it all. No one is perfect when it comes to predictions, but Gundlach’s 2018 calls were largely spot on. If that happens again in 2019, investors had better buckle up for some turbulent times.
my story; I have finally courage to speak about it
Dear BCH supporters, I would like to share - very compact - my crypto story, my success but also my biggest mistake, which ironically made me trust BCH even more I started in crypto in February with my first deposits.. I had been following bitcoin since 2013 ( i even remember still watching the price on a ticker go from 30 to about 120 usd in a matter of hours ), but was always afraid to actually put money in... Last February i read about the March 11 ( then afterwards March13) bitcoin ETF decision and i thought it would not pass and therefor i was going to bet against bitcoin and for alts... I was never a maximalist btw and always thought that eventually bitcoin will be replaced by something better... it happened before many times in many industries.. Anyway, I had been reading and was intrigued by Ripple since 2015, not because i like it but simply because Banker coin, and bankers always win.. So in February/March i took all my savings around 14.000 euro and bought 50% xrp and 50% Ethereum... I caught both waves, respectively: xrp from $0.01 to about $0.2 and eth from $24 to about $300... Once ethereum hits its ceiling in June at $400 and started dipping i sold all for btc and xrp for btc and started to short Ethereum on margin on Poloniex... I was very addicted to everything ethereum and had a good grasp for the price and shorting earned me extra btc - even though i messed up there too - so that by the fork i had 80 bitcoins... Having my btc on Trezor it took 4 days before i could move it to bittrex and 20 confirmations before i could sell my 80 BCH for 0.09... I then had around 87 Bitcoins.... Then I read the 'infamous' conspiracy 4chan message about these guys are playing high stakes poker and they are angry and have a plan ( if you remember what im referring too)... Suddenly I felt Bitcoin Cash was indeed the real deal ( keep in mind i never took part in the scaling debate or was even much informed about this, no political involvement or opinion whatsoever)... but it was clear to me that there was a serious group in bitcoin that supported Bitcoin Cash sincerely.. So on August 6th, at 0.055 i converted all my BTC into BCH for a total number of 1311 BCH... and stored it back on my Trezor... Then the first Korean pump happened and my life became a blur... Being unexperienced in trading and overwhelmed i became full of joy, fear and panic at the same time... i thought the flippening happened, then i read scam everywhere... i became a concern troll, i listened to Richard Heart, then to Roger Ver.. i read and read and lost control of what i knew all along... When BCH dumped i sold low, then bought back in high, sold low in a dump , fomo'ed back in high... it became a mayhem in my head (and all of this happened within a couple of weeks) Then came the China scare and i fucked up again and again... My crypto ''career'' was a straight line up until BCH.. And suddenly i saw my insane profits decimate continously due to my stupid behaviour...and eventually i had 500 BCH left and sold them all when BCH fell below 300 euro in October... I was devastated because deep down inside i knew all along BCH was the right choice... but still i made shit loads of fiat money, as my parents kept telling , but i was mad as hell, and for good reason since i went full retard last fall... A little later when BCH made its first spike back to 500 euro i regained my confidence and bought back in with half of the money i cashed out at 300, and have been in peace ever since... Im a 30 year old with no prior experience but recently bought a cool Mercedes Benz and just bought an apartment which a year ago was not even a possibility in my wildest dreams... Today I understand that I could have been the smart money, but im still the early adopter... I will get there, that much is certain for me.. but if there is anything to take from this for you... is that Bitcoin Cash has proven to me and the world that it is unstoppable... this sub also shows that the community is truly grass roots... so read my story and laugh at my mistakes, but know that Bitcoin Cash is the most solid (extremely volatile) investment in this world today... and the future of cash Tell everybody in your family and friend circle... it is real...and it is growing up fast... and even though we are all in it for the money.. i am starting to understand the actual value of P2P permission less cash and what it will mean for humanity long term Godspeed!
Bitcoin encourages actual saving, something most of the population desperately needs. For the first time, I'm actually enjoying saving my money.
For the first time in my life, I'm excited about saving. I bought another two bitcoins today: It felt good. I've never felt that way about transferring money to a savings account or buying shares of a stock. Why? Putting money in a savings account has always felt wrong to me, even before I understood the stupidity of the math behind it. Those dollars are earning the interest equivalent of being inside a mattress, and are getting weaker each year through inflation. And if/when hyper inflation shows up, forget about your pathetic savings accounts. Real estate is out. I'm still laughing about my ex getting the house in the divorce, only to have her get wallet raped when they immediately tripled her property taxes (nearly doubling the mortgage). The stock market or funds then seems the only logical choice for someone who wants to save. But you know what's not exciting? Buying stocks at all time market highs. Even if it turns out to be the mathematically correct decision down the line, the threat of losing your investment or the worry of the ticker destroys any feel good feelings you have. Buy and hold (for forty years) is dead. If you don't believe me, invest in the railroads, like daddy always did. And we're not even addressing concerns about the underlying currency the market is built off of. After all of my financial study, until bitcoin, I determined the only reasonably viable 'fire-and-forget' way to save funds in our modern world was technology ETFs. That's a pretty good way to save money, but bitcoin is even better. We have already reached the tipping point. In a matter where faith is the principal behind which value rises, faith in bitcoin has surpassed the critical amount needed for superadoption. Now we just need time. When I buy a piece of bitcoin, I feel like I'm buying land or a hot dot com domain in the nineties. Something precious that they're not making more of. Bitcoin is that and more, because it could reasonably scale to the space age and beyond. Dollars, gold, and land won't do that. In 200 years, when you need to send money to Mars colony, what will you do? Send bitcoin. It's a reasonable future, and it's the only currency we have that has that promise and potential. When space mining ramps up, all precious metals will rapidly become worthless. The 6000 year old bubble will come crashing down. When the next plot to save the value of fiat comes about (because they will inevitably need to raise interest rates or face QE infinity) then there is a good chance that people will look to put their assets in something that can't be created out of thin air. We already know what that something is. The blockchain 🔗 is here to stay, and will be used to store information for thousands of years. It can't be expanded, no matter how far consciousness or the economy expands. It is limited to 21 million bitcoins, which then can be broken down to individual satoshis, but that's it. If you own a bitcoin, you own a piece of the future. To the paid trolls who will invade my topic, go right ahead. I just hope you take some of what your masters are paying you and buy some bitcoins with it. Because deep down, we both know the truth. And for the trolls that aren't being paid, I truly feel sorry for you. Because you are the ones who are dedicating your life to proving the world is flat, and crying for those who claim otherwise to be burnt at the stake. And the world will eventually eat your dust, and life will go on without your resistance to change. Because that's how the universe works. I was already one of 21 million by owning a whole coin (the concept of which will seem ridiculous in fifty years... An average person controlling an entire bitcoin? You could only wish!). The next step? Becoming one of 2.1 million, by hitting ten coins. I'm saving my money. And it feels good. I wish the same feeling to everyone else. edit: Just put my money where philosophy is: Sent 0.10 bitcoins through Coinbase as gifts to my five best friends/family. Now five more people are part of the future, before it even arrives. 2nd edit: My brother just accepted the 0.10 bitcoins and set up a Coinbase account. Now he is excited about buying and dealing in bitcoin. Not a big deal? I love my brother, but he lives in small town America and refinishes furniture for a living. He is in his forties. He is not technologically savvy. But he is learning about bitcoin, and is excited about it. All the Fox News he has watched has primed him not to trust the government, and he just found something he can rally behind. News Corp just shot itself in the foot. He won't be refinishing furniture for too many more years at this rate. Now he is saving his money, something he has never done before.
Swiss Stock Exchange (SIX) is the first regulated market in the world to trade a crypto fund Amun Crypto ETP
The Amun Crypto Basket Index include BTC - XRP - ETH - LTC and Bitcoin cash. The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments,” co-founder Hany Rashwan said. Jane Street and Flow traders are two market-making firms that have provided seeding for the upstart venture, according to Flood. It'll trade under the ticker Hodl. https://bitcoinist.com/switzerland-amun-bitcoin-etf-hodl/ We are not first but Swissborg will provide better ones 👍💪 As it was end of november I apologize if someoneelse already talked about it. I didn’t see anypost but I might miss it K. Rgds
Beginners Guide to Investing in Cryptocurrency from an Entrepreneurial Standpoint
Hey you guys and gals. I have been seeing a lot of new people coming into this sub and I was hoping to shed some of my opinions and things that helped me along the way. I know this has been done quite a few times, but different things work for different people, and I am hoping to approach this from an investment standpoint. I am sure I will get some hate for this with some of my opinions, but hopefully this helps one or two of you out. Anyways, if anything I stated is glaringly wrong I would love a message about it and am glad to have it removed or altered. I am going to do my best to not push anything in particular, but some recognizable names do come up as examples. I am coming to this with a business and investment viewpoint and a mediocre understanding of the tech. My background is entrepreneurial, which I feel is useful in the current state of the crypto market. I hope this gives you a brief introduction into some basic investment ideas and thought processes, and is generally a good guideline to help you get into trading! In no way will I be attempting to explain the technology, because I do not feel I have a worthy grasp on it, and the people in the Crypto Technology subreddit have much better idea. Introduction to Cryptocurrency via Whitepaper First thing I think is important for everyone to do is read this whitepaper from Raiblocks XRB (name change soon to nano possibly). I enjoyed this paper because it outlines basic tech in such a way that I think everyone will understand, even those of us who are not tech savvy. I feel it is important to understand the basic technology before sinking any money into it. I have tons of friends who ask me about getting into it and the first thing I have them do is read that paper. They always return with a fresher point of view and are usually more open to hearing my opinions and are willing to do more research on their own time. In no way am I attempting to push Raiblocks. I just think they have a great whitepaper that everyone could learn from. Research Once you have read that I want you to go look into 10 different cryptos/coins you have been hearing a lot about, and I mean seriously looking into them. The most likely reasons that you are here is that a lot of these currencies are increasing in value significantly and people are making large sums of money off of it. Most people have done their due diligence on maybe one or two of them, and scarily some people are sinking money into things based solely on articles or the blind belief that everything will just go up in value no matter what they buy. Currently there are over 1400 of these available for purchase across a variety of exchanges. I would be hard pressed to say that even 75% of these seriously have anything reliable to invest in, or really have any clear roadmap to try and increase in value. Because, let’s face it, most of you are here to make money. You want your assets to increase in value, yes? Then you need to invest in something that hopefully will expand and grow and have some sort of real world application or exciting technology. The days of putting money into crypto and getting by with a catchy name are gone. Certainly a great name can help you on social media (think Ripple XRP), but there is going to have to be more behind it than that. So when you look at your first one I want you to go to a site such as this cryptocompare.com and look up your first coin. The search bar is in the top right. Once you select your crypto you will be met with some big numbers across the top. Assuming it is set the same for everyone it should be set to your coin compared to bitcoin (BIT). Select the white drop down bar and change it to USD, because this is what most people want to see. Please take a look around this page and try to click through everything and see what you understand. If everything on that page is foreign it is totally okay to look stuff up or ask someone. I would prefer people going into this with as much understanding as possible. Investing any money into something blindly is a dangerous thing to do and we should encourage people to ask questions. Not everyone may grasp something as good as you, but that does not mean you should knock them for it. Before moving onto the next part I would write down the name, the current market value, supply, and ticker in a notebook. Also write down the value it was at a month ago December 1st. A lot of movement has happened since then so I want people to understand just how much has occurred. Leave yourself some room to write some more stuff. Once you feel you understand the layout I want you to go to your first crypto’s website. If you can’t find the website search for a whitepaper on whitepaper database. Look around the website. Does it look clean? Is it disarrayed? Does it look like something you would want to sink money into? If this was a piece of bread, is it moldy or fresh? Alright, it looks good. Search around. Check out what the people behind this product are putting up for people to read. If this was a person would they have presented themselves in a professional or unprofessional way? Read a couple of posts. Look for the whitepaper. Hopefully it is relatively easy to find. If not, go to the database linked above. Read through that. Try to understand as much of it as possible. They hopefully have a clearly defined goal or project they are working on. Hopefully they have details on what is being done to achieve these goals. Maybe they have some of the team members listed out with prior experience. It is a great sign to have something relating to the crypto world, and hopefully for more than a month’s time. If that all checks out and you are feeling more confident about this then I want you to do some social research. Check out what is being said about it. Are people just pushing there coin on Twitter or Facebook in an attempt to get it to increase in value, or are there serious technical or market news and articles on it? The latter is usually the sounder investment in my opinion. Write down some things in your notebook. Partnerships, new tech they are working on, companies utilizing it, projects, etc. Anything you think may be important for when it comes to make a decision. Once you have done this for the first one, I want you to do it for 9 more. Write down things that they have similar, different, market cap size comparisons, buzz, what is a scam, what is not. Some of this is gut feeling, and some of it is just plain facts. Basic Things I Like to Look For. By No Means an All Encompassing List I just wanted to point some things I look out for when I am searching for something to invest my money into. Remember this is real money we are talking about hear. Anyways on to some things I look for. The first one comes from a book I read called the Blue Ocean Strategy by Renee Mauborgne and W. Chan Kim. The basic premise is that tough competition is found where there are many people vying to be #1. Everyone wants to be the next bitcoin, but who is doing something to separate themselves from the crowd. Competition creates red water (think sharks fighting – it bloodies the water) and lack of competition (hopefully cause you are an innovator) is calm, clear, and beautiful blue ocean with tons of room to work in. Now granted this does not mean that a cruddy but different coin is good, and on the flipside that having competition is bad. This is just a good thing I like to consider when I separate the two. Now you also have to remember that crypto will be worldwide. So certainly there can be multiple competitors in different regions. The Amazon of the USA is the Alibaba of China. They both have certainly done well for themselves. But during busy times like this, the crypto boom, there will be a lot to sift through, and eventually some will fail and people will be forced to chalk it up as a loss. Before we get any farther I want to remind everyone about something. I hear stories about people sinking all of the extra money they have into this, and that is not a good call. Only expend what you can survive without. Maybe you have a few thousand you were saving up for a new jet ski and think that investing is a better call. I say go for it. I own a jetski, and trust me you will not want it within in a couple of months. But, be careful. People lost a ton of money in the dot.com bubble. I am not saying it is going to happen, but you just never know, that’s why it is called a crash and a bubble. You do not know when it is going to happen. The second thing I like to look for is pulled from Good to Great: Why Some Companies Make the Leap and Others Don’t by Jim Collins. This is a great read if you want something to throw by the toilet. Pretty basic to understand and has a lot of good things in it that I reference when I am looking at businesses. Some things I pulled from that are the phrase that, “good is the enemy of great”. Just because someone makes a good technology does not instantly make it valuable instantly. Getting people to use it and find value in it is what is important. Let’s face it, more and more people of wealth are getting into crypto. The things they expect a return on their money for will need to have something backing it, people working to spread it, continuance of invocation, possibly even pushing into other markets, etc. Standing still and hoping your technology will just work might not always be the answer anymore. When I say someone backing it, I mean are there people lining up to use it, and if not is there a great team working on development and attempting to get people to utilize it. Getting the right people on the bus (team) and in the right spots is another point Jim Collins makes. That means that the necessary skill is being put into the right positions to make this happen. Basically is the business guy able to go out and get the business side done well, and is the skilled developer able to focus on his/her job. People with a history are usually a good sign (people can be fraudulent about history so be careful). The last concept is about building something that will last. Apple would not have the backers and the market cap to match if people were afraid it was going to collapse within the next two months. Find something you think is shooting for the long term. I will not divulge any further what I find important to look for. I think it is important for everyone to do their own research. This does not mean sit on the computer all night and wait for articles to pop up showing that your coin is going to skyrocket. Find something you have a hunch on. Pick it apart. Write down good and bad things. Hopefully the good outweighs the bad. Bonus one cause it is on my mind lately - One more thing I like to look for is if the business/coin/crypto/token/whatever solves a real world problem and if that problem is prevalent enough that people would be willing to pay for it. Portfolio Just a couple remarks on a portfolio. Everyone has heard the saying, “don’t put all your eggs in one basket,” right? It basically translate to do not put all your money in one crypto. For many of you this will be your first time investing. Most people who have been long term investors (10+ years) do not just have common stock in their portfolio. They have ETFs, bonds, mutual funds, CDs, so on and so forth. Certain things in those portfolios are more risky, and certain things are less risky. Most of you are all banking on one market, the crypto market. I think you have to let that sink in. There will be corrections, stuff will lose value, stuff will maintain its value, and others will hopefully go sky high. That being said, since we are focusing on one market, we should definitely try to diversify within that market segment. Do not just buy one thing because you think it is going to skyrocket one day. That may not happen anymore for all we know. Find a few that are focusing on tech, some with good partnerships, others that are more risky, and some that are less. But please do not put it in just one. I am sorry if the one you would have put all your money in hits $1,000 and you miss out on some bucks. But on the flipside is it never hits, you’re even and you miss out on making money in other things, or worse it crashes, and you lose all of your investment. Go for a bigger investment in one that you feel better about, and less that you feel are more long shots. Do not be afraid to shave some profits of if it comes to that. Do not just let it ride forever. Use the money you make if you need it. Transfer it into long term investments if it comes to it (who knows maybe 4-6 years down the line you can afford the down payment on a house). Please do not just put all your money into a $0.001 coin because you can get 2 million of them for $2,000. Fiat (cash, USD) into Cryptocurrency A lot of people are looking for ways to change USD into these exchanges. I personally have used a multitude of ways. But I feel that moving money into Coinbase, (do not purchase Bitcoin If you want to start trading immediately) and purchasing either Ethereum (ETH) or Litecoin (LTC) and then transfer it onto an exchange that is verified is the easiest way to begin. Please do two factor authentication and write down your codes and put them in a safe place. If you have a safety deposit box, put it there. Feel free to look up what a lot of other people are using for exchanges, but make sure it has the things you want on it. The correct coins, the right support staff, users, etc. I do not recommend leaving your stuff on the exchanges. I feel it is important to have a ledger. There are two popular brands – Trezor and Ledger Nano S, and I recommend both of them. Please make sure you purchase on their websites. I have heard horror stories about people losing everything because some other malicious party took sold them their stuff and had access to their ledger the whole time. Just be careful. Day Trading I am going to put this part in for people who think they will be good at day trading. While there will be some people good at it, the vast majority of us will lose money or shares in a business. That is no good. If you do not know what moving averages, relative strength, or depth charts are, among many other things, and are just going off candlesticks, step away. If you are willing to look into this and have money to lose, cause trust me you will not be batting .1000 let alone .500 in your first couple go rounds, then I say go for it. If you are okay with losing money learning, be my guest. But in my opinion it is best to leave it to the seasoned cryptotraders and the professionals. Psychology of Crypto I am not going to pretend to be a psych pro, but I do think it is important to know that money will and will not be lost over the course of a couple hours and a couple months. The inverse is true as well. However, you are making what most consider a risky investment. Something might lose before it gains, or gains and then loses. Heck maybe it loses and never regains. You can’t let this stuff affect you. It is not healthy. Stuff will go up and down constantly in this market. Some people are valuing it, some are pricing, and some are just shooting from the hip. The market will be all over the place and that is just how this crypto market is. But please, do not turn it into an unhealthy obsession. There will be a honeymoon phase where you can’t stop looking at it pricing. I know I look at it more then I should. Do not be afraid to step away from the computer. Go on a hike. Enjoy your friend’s company. Earning money and making sound investments is important, but do not let it take over your life. Find people in your friend group who are into it, and maintain a message group. It has helped me talk with some old friends again and they are always there for great advice when it comes to crypto. Two minds are better than one, but do not fall for Groupthink. Final Remarks Y’all, I am not going to lie. It is like the Wild West right now. This reminds me very much of the dot.com bubble, which scares me. I do not want that to be true of course, and I am trying not to start an argument, but this is money. Decide whether you are risk averse or not and plan your portfolio accordingly. I am sure I am missing some things, but I just wrote this since I had extra time to kill. Did this out of the kindness of my heart and not for monetary gain or to push anything. Again, if you feel anything is grossly misleading or incorrect feel free to send me a message and I will gladly throw an edit on there. I am just trying to help people who may not have an investment background start to consider things that might be indicative of a good investment. I am hoping to cut back on the amount of people who lose their money to mistakes and scams. I will likely expand on this in the future if there is some interest. Edit: I should mention something about people who are looking to trade into altcoins, because I have seen people do this a ton. For example, a lot of people take the Ethereum route, which I agree is good. But you have to understand that the market is extremely volatile. Even on an hour to hour basis. Say you buy 1 ETH at 1,250, and two hours later it is at $1,110. But you are not paying attention to that price. You are hardcore watching Ripple waiting for it to drip below $1.93 from $2. Finally it gets below that price. Actually it hits $1.90! Score! Trade instantly. Bad idea. Yes you saved yourself $0.10 a share, but look at the big picture. You are down $140 on ETH. How much money did you actually save then? You have 584.21 ripple at 1.90 ($1,110 worth). But, if you had just executed at $2 when your ETH was worth $1250 you would have 625 shares. Do not get too focused on the price of what you are exchanging for. Also track what your current hold is sitting at. Not saying you should instantly excecute trades once that coin finally comes in. You should get the feel for the market.
https://coinmarketcap.com/ https://bitcoinexchangeguide.com/amun-ethereum-aeth-exchange-traded-product-officially-launches-by-six-swiss-exchange/ On Wednesday, March 6, the price of bitcoin is rising. At 06:15 London time, the first cryptocurrency touched $3,882.41 (+ 3.08%). Ethereum (ETH) went up to $ 137.01 (+ 6.93%). Ripple (XRP) rose by 2.73% to $ 0.314. Earlier, the Switzerland SIX Swiss Exchange has launched trading in the Exchange Traded Product (ETP) based on Ethereum. Amun Ethereum ETP will trade under the AETH ticker. The special feature of ETP is that, unlike ETF, this tool is not subject to the Collective Investment Act (CISA) and is not controlled by the Swiss Financial Market Supervision Authority (FINMA). A little earlier, Ethereum founder Vitalik Buterin said that he created a cryptocurrency that could try to extend the functionality of Bitcoin. According to him, it is very limited, and, if we draw parallels, it looks more like a calculator, which is designed to perform only one function. Bitcoin does it well, but not enough, Ethereum founder said. The information above cannot be considered as an investment advice and past results do not indicate future performance. \*Investors should have experience and understand the risks of losing all the initial investment*
Approval of the Winklevoss Bitcoin ETF is expected before the end of the year, according to this article on Gemini....
Get your moon suits ready! From the paywalled mondaymorning article:
The Gemini Bitcoin exchange, one of several Bitcoin-related projects that the Winklevoss twins have in the pipeline, has obtained two key approvals from New York regulators. The New York State Department of Financial Services (NYDFS) has granted the Gemini Trust Co. approval for its Articles of Organization. The NYDFS also granted Gemini an exemption from the FDIC deposit insurance requirements of New York's banking laws. It's all been part of an arduous process to gain the solid regulatory backing needed to make Gemini the top choice for institutional investors. The Winklevoss twinsThe Winklevoss twins, Tyler and Cameron, set up the Gemini exchange as a trust company under New York regulations. It gives the Bitcoin exchange many of the same privileges as a bank, including the ability to take deposits. But as a banking trust, Gemini can't lend money. Lending isn't necessary for Gemini to function as a Bitcoin exchange, and it would have lengthened the approval process even more. The new approvals make the Gemini Trust Co. an "established entity," which means it can now pursue the formal relationships with banks and vendors that will allow it to actually launch the exchange. The approvals have Gemini on the "one-yard line," Cameron Winklevoss told CoinDesk, although it still needs a few more approvals from the NYDFS. The Winklevoss twins have pursued the banking charter path rather than apply to the NYDFS for a BitLicense specifically because they wanted to serve institutional investors. "I don't know if anyone has made this distinction enough. If you want to service institutional customers in New York, the BitLicense is not sufficient," Cameron Winklevoss told CoinDesk. "There's a good chance that when you get one you'll have to curtail or stop actually servicing NY institutions." The charter also means the Winklevoss Bitcoin exchange will have the option to offer derivatives, swaps, and futures, although that will require further approval from the Commodity Futures Trading Commission (CFTC). The CFTC ruled last month that Bitcoin is a commodity, and so such trading falls under its jurisdiction. Gemini will not be the first U.S.-based Bitcoin exchange – Coinbase and ItBit went live earlier this year. ItBit, like Gemini, operates as a trust company with NYDFS approval. But here's why institutional investors are likely to prefer the Gemini Bitcoin exchange What Sets the Gemini Bitcoin Exchange Apart Part of the appeal of the Gemini Bitcoin exchange is the painstaking effort the Winklevoss twins have made to ensure it's fully compliant with all regulations. That goes a long way to building confidence in an institution – particularly a new one based on a digital currency that itself is only six years old. But the Winklevoss twins also believe Gemini has features that will make it more appealing to institutional traders. "We describe Gemini as an E-Trade, because we'll have a web interface, like Nasdaq, because we have a matching engine order book, and like DTC [Depository Trust Company] because we are also a clearing and settlement house. We are basically all three functions collapsed into one," Tyler Winklevoss told Modern Trader. "When we discuss what we're doing with the institutional crowd, they get really excited about the clearing and settlement aspects of what we're doing, and the reduction in costs. Bringing that friction down is a massive opportunity." The Gemini Bitcoin exchange also fits into a larger trend of rapidly increasing Wall Street interest in the digital currency. Last month, for instance, nine major world banks announced they had formed a partnership to study ways to incorporate Bitcoin into the global financial markets, an alliance that since has grown to 22. The Gemini exchange is just one Bitcoin investing initiative the Winklevoss twins have undertaken. They also are awaiting U.S. Securities and Exchange Commission approval of the Winklevoss Bitcoin Trust, a Bitcoin exchange-traded fund (ETF) that will trade under the ticker Nasdaq: COIN. Approval of the Winklevoss Bitcoin ETF is expected before the end of the year. The Winklevoss twins also created their own Bitcoin price index, the Winkdex, which uses a weighted formula based on trading at the top three Bitcoin exchanges. But for now, they're very much focused on launching the Gemini Bitcoin exchange. "Our days are focused on building what we consider a pure-play Bitcoin exchange," Tyler Winklevoss told Modern Trader. "We need to make sure it's an active, healthy market with the right participants, so that when people show up, there's liquidity, a full order book and everything works as expected and advertised. We're trying to do this one thing really right, in a way that the community hasn't seen yet."
ICON is a very ambitious project, aiming to become the biggest blockchain in the world. With proven track records and existing connections with top-tiered industry leaders. It is already providing services, running solid for a couple of years, with working products rather than a concept ICO. A very promising project that you should definitely pay attention to. Reason to invest:
First dominant blockchain from South Korea
Parent company owns coinone, one of the biggest korean exchange
Funded by the government
Proven proprietary protocol with working product
Solves real problems (interoperability)
Strong partnerships and consortiums
Hype Rate: High Risk Rate: Very Low ROI Rate: Very High Potential Growth: Very High Overall Rating: Very High
Date: Sep 20, 2017 (ended, 100% raised) Ticker: ICX Token type: ERC20 ICO Token Price: 1 ICX = 0.11 USD (0.00040 ETH) Fundraising Goal: 42,800,000 USD (150,000 ETH) Total Tokens: 400,230,000 Available for Token Sale: 50% Whitelist: NO Know Your Customer (KYC): YES Сan't participate: USA, SINGAPORE, CHINA Bonus for the First: NO Min/Max Personal Cap: 0.01 ETH / 30 ETH Token Issue: 18 DEC (13:00 UTC+9) Accepts: ETH
At a glance
ICON is creating a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. Universities, security firms, banks, hospitals and other private blockchains can all share information through ICON's online ledger without intermediaries. ICON can also bridge public blockchains such as Bitcoin, Ethereum, Qtum, and NEO. It is a completely different blockchain at the protocol level, meaning that it is not based off of an existing protocol such as Ethereum. ICON uses its own proprietary LFT (Loop Fault Tolerant) consensus algorithm, here is a brief introduction of LFT, LFT (Loop Fault Tolerance) is an enhanced BFT (Byzantine Fault Tolerance)32-based algorithm that promotes faster consensus and ensures the finality of the consensus without the possibility of forks within the network. LFT supports faster consensus by creating a group among trusted nodes. LFT can accommodate diverse consensus structure by allowing such groups or nodes to freely determine the number of votes. ICON is not a from scratch project, it is based off of loopchain, a distributed ledger that provides industry specific blockchain solutions. Theloop has partnered with leading financial institutions, offering services such as common authentication system, settlement systems without intermediary agencies, and trading systems that offer real time trade matching. Loopchain also works with insurance industry, to automate its insurance claims and payments. The project has been running strong and solid for well over 2 years. ICON will further expand loopchain's capabilities by bridging existing blockchains, as well as introducing its own ICX token. An ICX token can be viewed similar to ETH, in that it will be served as an utility token that can be spent and transfer value within the ICON ecosystem; furthermore, ICX tokens will eventually be used as the currency for ICON based ICOs. ICON will also provide its own DEX (Decentralized Exchange), where ICX can be used as a trading pair. It is expected to be launched Q4 of 2017. The core of ICON called Nexus, is a multi-channel blockchain comprised of light client of respective blockchain. It is based off of loopchain, testnet is already launched and mainnet is expected to launch in Q4 of 2017. Native ICX wallets for each platform will also launch around the same time. South Korea is ranked top 5 in ICT (Information and Communication Technologies) and the 11th largest economy in the world. South Koreans also have immense interest in the crypto space, where daily trading account for ~20-40% of total global volume. Most consider cryptocurrencies as an investment vehicle rather than payment solution or functional blockchain platforms. It'll be interesting to see when one of their own public blockchain introduced in the country, how sectors from different industries come up with new use cases, and actual form of payment adapted by end consumers. If you really want to label ICON, what it is comparable to today, some think of it as the NEO of Korea, some think its a spin-off of Ark. The most accurate version, this is also mentioned by several ICON team members that it is more like a combination of Cosmos and Ethereum. ICON ICO is hardcapped at 150,000 ETH in presale and crowdsale (~40 million USD as of this writing), a relative modest fund raise given today's ICO standards. This also account for 50% of total supply, again a fair amount given out, rest goes to reserve, team, and partners and foundation. The presale will be divided into 3 stages, where in each round a cap is set for each individual. Starting at 30 ETH, 100 ETH then finally 1000 ETH. This is to ensure smaller investors get a chance to join the network, rather than whales jumping in early to manipulate the prices. If the hardcap is reached in the presale, there won't be a public crowdfunding.
ICON team is stacked with talents, currently with around 20-30 engineers and designers who graduated from top universities in South Korea and overseas. Business development team who worked for top tier investment companies like JP Morgan and Deutsche Bank. It appears that most of the team members are fluent in English, so they'll be able to collaborate with world's leading intelligence in the open source blockchain communities. Notable advisor include Don Tapscott, co-author of international best-seller book "Blockchain Revolution", one of the most influential person in the space. Here's an example speech from one of his appearances at TED.
ICON is a project under the legal entity Dayli Financial Group, one of the biggest FinTech companies based in South Korea, formerly named Yello Financial Group. Dayli currently offers services and owns companies in several industries,
DAVinCI is a practical artificial intelligence brand and consists of four solutions: DAVinCI Labs, DAVinCI Analyst, DAVinCI Bot, DAVinCI Big data. Each solution offers optimized features: enhanced predictive analytics, automated report generation, sales and customer service innovation, big data collection and utilization.
loopchain is an enterprise blockchain engine consisting of distributed ledger, smart contract, and management module. Based on its own modular structure, loopchain can be optimized for variety of financial and non-financial services, including authentication, settlement, trading, and IoT.
Solidware Solidware utilizes its AI-driven analytics solution DAVinCI Labs to offer various data based predictive modeling services, including credit scoring, underwriting, target marketing, fraud detection, and CRM. Leevi Leevi offers NLP based unstructured online data analysis and AI based chatbot solutions for risk management and target marketing. Heenam Heenam provides bigdata aggregation and other data-driven analytic services with proprietary scraping technologies. theloop (theloop seeks to create ‘Hyper Connected Society’ by implementing blockchain technologies in the financial industry, including distributed ledger based financial transaction, digital currencies, and IoT.) Nomad Connection Nomad Connection develops Fintech specific solutions based on bigdata and machine learning technologies, including robo analytics, chatbot builder, and non-face-to-face authentication. Neuro Associates Neuro Associates offers customized digital strategy services from data-driven real time infographics to AI strategy consulting.
Quarterback Robo-advisor is an asset management service that aims for systematic and stable investment returns through big data and machine learning based global asset allocation. Quarterback currently provides optimized portfolio via top domestic financial institutions.
Life-Cycle financial planning platform
Quarterback PALMS is a customized financial planning platform that recommends optimized portfolios based on life-cycle, goals, risk profile, etc. PALMS offers asset allocation using ETF, mutual funds, and other savings & depository accounts.
Quarterback Investments Quarterback Investments is robo-advisor based asset management firm that offers global asset management portfolio based on financial bigdata and automated algorithms. Quarterback Technologies Quarterback Technologies offers personalized asset management service platform ‘PALMS’ optimized for individual investment objectives.
Quarterback Futures develops online platform and software for financial industry, including chatbot solutions. Quarterback Japan Quarterback Japan, the Japan branch of the Quarterback Group, provides global asset allocation portfolio advisory service and online asset management platform.
Broccoli Personal Financial Management
Broccoli is a personal financial management platform that provides account information, spending and investment analysis, and tailored financial recommendations.
LEMON Clip Integrated Insurance Management
LEMON Clip is an integrated platform to manage insurance. From searching and comparing to buying and applying for claims, LEMON Clip offers total management services.
OLLEY Debt Crowdfunding
OLLEY FUNDING is a P2P lending platform that allow borrowers to receive loans at a reasonable rate and lenders to lend for promising returns.
UCANSTART Reward Crowdfunding
UCANSTART is a reward based crowdfunding platform that connects the ‘Starters’ with the public who wants to help businesses to raise funds and ideas to grow.
GenPort & GenMarket Smart Stock Investment
GenPort is a stock based robo advisor platform. GenMarket allow investors to create algorithms and share investment strategy. NewsyRank analyzes all listed stocks and recommends investment opportunities.
UDID Payment solution for SMBs
UDID provides payment solution and O2O service to SMBs. UDID offers payment platform PayApp, SNS commerce order solution BlogPay, and delivery management solution.
DAYLI Marketplace DAYLI Marketplace offers personal finance management App Broccoli and other easy-to-use financial services for everyday lives. d.Lemon d.Lemon leads the transformation of Korean insurance industry through its innovative Insurtech services, including an integrated insurance management service ‘Lemon Clip’. OLLEY FUNDING OLLEY FUNDING is a debt crowdfunding platform that offers easy and diverse investment products focusing mainly on SMEs in consumer goods industries. UCANSTART UCANSTART is a reward crowdfunding platform that help businesses in diverse fields to raise funds through collective intelligence. NewsyStock NewsyStock provides GenPort, NewsyRank, NewsyRank China, and offers an environment for individual investors to make informative investment decision and optimize returns. UDID UDID provides differentiated easy payment solutions and O2O services, including PayApp, BlogPay and delivery control solution.
Coinone Cryptocurrency Trading
Coinone operates a cryptocurrency exchange for Bitcoin, Ethereum, and other cryptocurrencies. With intuitive user interface and optimized trading features, it offers fast and secure services.
Cross Blockchain based foreign remittance
Cross provides foreign remittance services to China, Japan, Philippine, Vietnam, and India. Blockchain based service offers easier, faster, and 80% cheaper fees than the banks.
Coinone Coinone provides various blockchain and cryptocurrency related services, including cryptocurrency exchange center and foreign remittance service ‘Cross’.
ICON is a very ambitious project, aiming to become the biggest blockchain in the world. With proven track records and existing connections with top-tiered industry leaders. It is already providing services, running solid for a couple of years, with working products rather than a concept ICO. A very promising project that you should definitely pay attention to.
Cryptocurrencies are in the green as traders digest news the SEC is reviewing its decision to reject the ProShares & Direxion Bitcoin ETF proposal, Fundstrat’s Tom Lee sees Bitcoin trading up with emerging markets in 2H2018
Baidu, the Chinese search engine giant, is moving to block cryptocurrency-related content on its reddit competitor, Baidu Tieba, according to China Times.
According to data released by the Commodity Futures Trading Commission (CTFC) on Friday, shorts in Bitcoin futures are at a record low – dropping to 1,266 contracts from 1,945 contracts almost 3-months ago.
Fundstrat co-founder and lead strategist Tom Lee believes the increasing correlation between Bitcoin and emerging markets suggests we could see an “explosive“ price breakout. Lee’s analysis focuses on the MSCI Emerging Markets ETF (ticker: EEM) and suggests a rally in EEM will support a rally in Bitcoin.
The Commodity Futures Trading Commission (CTFC) won a court order that permits the regulator to ban a crypto trading firm accused of committing fraud. The firm under question, NY-based Cabbage Tech Corp, is accused of fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).
Texas-based Defense Distributed, a startup focused on distributing open source, downloadable 3D weapons, is appealing to the Bitcoin community for help after a federal judge blocked the release of 10 blueprints. The startup has raised USD$109k of the target USD$400k it needs for its “defense fund”.
The EOS project has raised close to USD$200mm to date but is still struggling to institute a voting system to properly allocate those funds. The governance structure, which was to be based on a referendum system, still needs to be properly implemented.
Huobi, the cryptocurrency exchange based in Singapore, has announced that Randi Zuckerberg, Mark Zuckerberg’s sister, has joined its Chain Expert Advisory Committee. Zuckerberg, a serial entrepreneur, is the CEO of Zuckerberg Media, a NY content creation firm. The committee’s purpose is to serve as a think tank for the digital asset trading platform.
Icon and WanChain have rallied by more than 23% each over the past 24 hours, and are the two best performing cryptos from the weekend.
The Reserve Bank of India is creating a new unit to research and study regulatory frameworks for cryptocurrencies as well as the application of artificial intelligence to monetary policy.
Regulators in Iran are expected to end their blanket ban (instituted in April) on cryptocurrencies in the country in the coming weeks.
The Bank of Israel is considering launching a crypto-shekel coin with the hopes of lowering the number of cash transactions.
The Japanese New Energy & Industrial Technology Development Organization is currently developing a blockchain-based data sharing system for trade (according to Cointelegraph Japan). The initiative is being pushed by the Japanese Ministry of Economy, Trade and Industry (METI). The project, “Development of Infrastructures for Creating New Industrial Models Taking Advantage of IoT” hopes to develop an infrastructure system that will digitize and enhance the process of logistics data sharing between trade entities, such as shipping companies, brokerage operators, port authorities, banks, and insurance companies.
Project Infinity, an initiative launched by NEX Group in May 2017, appears to be the next victim in the downturn in distributed ledger startups after bleeding USD$31.7mm in cash. The company’s goal was to bring its entire post-trade services portfolio onto one interoperable blockchain architecture.
According to the Malta Independent, the Maltese Prime Minister was impersonated by persons on Instagram looking to act on a Bitcoin-related scam.
Reddit co-funder Alex Ohanian continues to be optimistic about the potential for cryptocurrencies despite the recent volatility in Bitcoin. Ohanian has co-founded a venture capital firm that is looking to invest in blockchain-related projects.
The Russian government remains focused on developing cryptocurrency regulations, with Russian firms looking to use digital currencies to raise capital and circumvent international sanctions.
Renewable energy company Soluna is looking to build a 900 mW 37,000 acre wind-farm in Morocco with the expectations that cryptocurrency mining firms will begin to focus on shrinking their global carbon footprint.
TruthNeverTold, a popular YouTube influencer, is calling the cryptocurrency market a ponzi scheme (again). Specifically, he singles out Litecoin and Litecoin founder Charlie Lee as examples of fraud in the crypto community (after Lee sold ALL of his LTC near all-time highs for the coin).
Cryptocurrency researcher and well-known crypto investor Willy Woo believes the current price correction in Bitcoin (2018 YTD return) will not turn out to be like 2014. In comparison to 2014, where the price pressure on Bitcoin was related to the bankruptcy of the cryptocurrency exchange Mt. Gox, there has been growing institutional investor interest in cryptocurrecny in 2018...even with the current price weakness. Interesting fact, in 2014, trading on Mt. Gox represented 90% of global volume in Bitcoin.
The World Bank – Common Wealth Bank of Australia blockchain-backed bond has attracted USD$110mm in funds, which has exceeded initial expectations. The transaction expects to close tomorrow, Tuesday August 28th.
I have a Roth IRA account at Fidelity and I wanted to invest in cryptocurrency. Bitcoin is way too pricey for me to invest in right now so I wanted to invest in Ethereum. The Ethereum ticker symbol (ETH) is for another company but I heard talk that there might be an ETF for this cryptocurrency. Is there an ETF out there yet? Is this a bad investment?
[Discussion] More reasons why a coin split (like ETH/ETC) is not likely to happen in a Bitcoin hard fork
Other than the many obvious reasons that have been stated already, like:
The minority chain will have extremely slow block times, reducing transaction capacity from 3 transactions per second to less than one transaction per second
Economically rational miners will be heavily incentivized to switch to the functioning chain as soon as possible.
Avoiding point #1 would require either a difficulty reset (making the new chain trivial to attack) or a PoW change (meaning no current bitcoin miners could mine on it, and also making it trivial to attack)
I can think of a few more reasons why there wouldn't be any kind of ETH/ETC split in bitcoin. Bitfury is the only mining interest that I know of who would be both sufficiently ideologically motivated and who have the proper infrastructure and capital in place to try to keep a minority chain alive. Although BTCC tends to support Core, their hashrate belongs to their customers, and they can't use their customers hashrate to mine a less-profitable coin for ideological reasons. They could try, but would face backlash from their customers who would quickly move their hashrate to a pool that is mining the more profitable chain. Not only will all of the economic incentives be aligned in favor of mass-support of the majority chain, there will be centralization concerns with any minority chain: If Bitfury is the only significant miner on a minority chain, then that entire blockchain is now at the whim of one single mining group that is funded in large part by government grants (via the Georgian Co-Investment Fund). I think it would also be safe to assume that they would now activate Segwit on this chain, since they would easily reach the 95% threshold required. But because Segwit is being rolled out as a soft-fork kludge using ANYONE_CAN_SPEND outputs, this means that anyone creating Segwit transactions will be putting their full trust in the mono-miner Bitfury not to abuse their hashrate supermajority to spend the ANYONE_CAN_SPEND outputs. I don't think Bitfury would do this, because it would kill the economic viability of their minority chain, but Bitcoin is meant to be a trustless system. Supporting the minority chain will require putting a lot of trust in the hands of a single mining group. Another reason is that the Bitcoin ETF, if approved, has already decided it will go with the majority chain: https://www.reddit.com/btc/comments/5sw62n/so_it_is_settled_then_coin_etf_will_go_with/ So basically in the event of a hard fork, the two options available to miners (and users) will look like the chart below. This chart assumes the fork is happening with 75% support for the bigger blocks chain. Also note that these will only be the initial features of each chain. The mostly likely outcome seems to be that the BU chain will only improve (returning to 10 minute block times after it's first ~2 week difficulty retarget and the ability to increase transactions per second), but the block times on the minority chain will become slower, the next difficulty retarget will become farther out, and the # of transactions per second will continue dropping as this happens. Keeping the minority chain alive will cost miners hundreds of thousands of dollars per day in electricity. As long as the conditions of the majority chain remain favorable, I think any miners remaining on the minority chain will be driven by economic forces to move their hashrate over to the majority chain.
Bigger Blocks/BU Chain
Smaller Blocks/Core Chain
Larger blocksize with corresponding capacity increase
Blocks stuck at 1MB. if segwit, larger blocksizes with much smaller capacity increase
Blocks found slightly longer than every ten minutes
Blocks found approximately every 40 minutes
Newly mined coins spendable within 24 hours (100 blocks)
Newly mined coins will require waiting several days to spend
Difficulty retarget slightly longer than 2 weeks
Difficulty retarget at least 8 weeks, but probably becoming longer.
7+ transactions per second
<1 transaction per second
One miner will have supermajority hashrate
No segwit for now, but maybe later
Segwit, but with segwit UTXOs being vulnerable to the ANYONE_CAN_SPEND attack
Not recognized by ETF
Funded by multitude of sources, a LOT of bitcoin funding
Funded largely by traditional capital & government, some bitcoin
Near universal exchange support*
Only some exchanges will support
* different exchanges have expressed support for either bigger blocks or the Core road map. Many have said they would only list the majority chain, but none have said publicly (afaik) that they would list only the minority chain. The options seem to be either list only majority chain coin, or list both. Of course, because many exchanges will only be listing the majority chain coin, it seems like a given that this is the chain that will inherit the name Bitcoin and the BTC ticker symbol, forcing the exchanges listing both coins to give the minority Core chain a different name and ticker symbol. One objection I see being made to this analysis is that the Bitcoin Core chain will have a greater number of nodes, and therefore will be the "valid" one. As it becomes clear that a fork is going to happen I think we would see a lot of nodes that run Core now switching to BU, and a lot of new BU nodes coming online in general. I also don't think BU's current node count of 695 nodes would be insufficient, but if there is any available data on how many nodes Bitcoin needs to function properly, I would be interested in seeing that. Every day I see FUD posted in here that bitcoin must never hard fork or else we might end up with two different coins. Even for those who are worried about having an ETH/ETC style split, it really looks like all the possible factors at play will force an extremely quick convergence and community consensus on which chain is both technically superior and is called Bitcoin/BTC. Something that doesn't get pointed out a lot whenever people bring up the ETH/ETC split is that the ETC chain lost very little (any?) functionality from the ETH chain after the split. It did not suffer from slower block times or reduced throughput. This post is a bit of a brainstorm. if any of my assumptions or logic are incorrect please correct me.
While you may still have to wait a little while longer for a Bitcoin ETF, there are already several blockchain ETFs available in which you can invest if you want blockchain exposure in your investment portfolio without investing in digital currencies and tokens. Bitcoin Market Journal has compiled a list of the best blockchain ETFs to make it as easy as possible for you to choose which ... A Bitcoin ETF, such as the one proposed by the Winklevoss twins, would have the digital currency bitcoin as an underlying asset. That means that by purchasing a bitcoin ETF, an investor would be indirectly purchasing bitcoin, as he or she would be holding the bitcoin ETF in a portfolio as opposed to the actual digital currency itself. The Bitcoin ETF list is short but expected to grow rapidly as there are at least 10 new ETFs waiting for SEC approval right now. Why ETFs instead of buying the cryptocurrency? ETFs are listed on regulated public equities exchanges, protected by government oversight, can be held in tax-advantaged accounts (IRAs) and are less susceptible to loss, theft and fraud. For all of you who don’t know what an ETF is, a cryptocurrency ETF (exchange-traded fund) is a collection of securities—such as cryptocurrency stocks—that tracks an underlying index. Here is a comprehensive list of the top 5 cryptocurrency ETFs to invest in. 1. Grayscale Bitcoin Investment Trust (GBTC) The Winklevii want to launch an ETF with the ticker symbol COIN, but the SEC has yet to approve it. In fact, the SEC seems unlikely to greenlight any funds that just want to invest in ...
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