BTC/PPC (Bitcoin / Peercoin) Chart Realtime ...

A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO

This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap.
TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns.
A Brief History of the 2013 Market Peak
According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning.
What If I Bought Crypto Right as the 2013 Market Peaked?
Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics.
On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).***
Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Now, here are how our sample of coins has performed as of when I write this:****
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase.
Now for the two coins in the middle five that didn’t completely die:
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss.
Finally, here are the two coins from the bottom five that didn’t completely die:
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple.
Conclusions
What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period.
Endnotes
*This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out.
** …you do not talk about trading. Wait, that’s the wrong rulebook.
*** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC)
**** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-)
***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-)
Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis.
Edits: Formatting, typos, minor clarifications.
submitted by ThaneduFife to CryptoCurrency [link] [comments]

Start Here for Much Wallet WOW!

EDIT 2017-02-10: A word about Nodes

There is a discussion about nodes that came up today, where it seems I'm discouraging people from running the full QT/Core client. Yes and No. What I'm trying to make sure people understand is how things work, and that it is NOT mandatory to run a client in order to use Dogecoins (and yes, I realise that browser-based tools like coinb.in and wallet sweepers are 'clients' by strict definition).
That said, more nodes is absolutely a good thing for the network. Preferrably full nodes. How do you run a full node? Just run Core/QT and open up Port 22556 on your router so it can connect to more than 8 peers. What will it cost you? You need your machine to be on 24/7/365, you need enough storage for the full blockchain (currently about 20Gb. Bitcoin is over 120Gb) and enough bandwidth to keep it in sync and share blocks with peers. A couple of Gb a month, most likely. This is best done with a desktop on a wired broadband link. Or maybe a hosted VM in the cloud. :)

EDIT 2017-01-09: Wallets WITHOUT Clients

Since I started helping people on /BitcoinBeginners, I'm getting a lot of questions about how to use wallets without running clients or trusting third parties. So here are a couple of resources that will make that possible, and not just for Dogecoin:
Multi-Coin Wallet Generator Now supporting 129 currencies! Coinb.in Start by setting the currency, found in the gear wheel in the Broadcast tab. Dogecoin Wallet Sweeper Redeem 'paper' wallets containing up to about 100 UTXOs. Bitinfo Charts My favourite block explorer, handles a bunch of cryptos.
Using these resources, it is possible to hold, receive and spend coins in various currencies, without having to run QT or a 'lite' client. You can also download and run the pages on your own device.

EDIT 2016-11-23: SEMANTICS about MINING! :P

Even though there is already a section on mining below, it has been suggested given the huge number of posts on the subject that this needs to be made clearer. Since people get their panties in a twist over the word 'dead', lets change that...

MINING IS DEAD!

MINING DOGECOIN IS UNPROFITABLE!

Put simply, there is no way to mine Dogecoin and make a profit because of the massive hashpower provided by industrial-scale Litecoin miners. Mining Doge directly stopped being viable when our hashrate exploded with the introduction of AuxPoW. Mining with CPU's and GPU's died when ASICs were introduced. And mining with a laptop WILL kill your laptop and cost you a fortune to repair or replace. Mining Litecoin with an exchange that also mines Doge and others will earn less than the electricity consumed, and you won't recover your costs. Probably ever, but certainly not in any reasonable time.
Mining other currencies may be a thing, but that's beyond our scope here. This is /Dogecoin, not /GetRichMiningCryptos after all. If you want to mine the newest scamcoin for fun and profit, look elsewhere for advice. :/
Oh, and most important:

READ BEFORE YOU POST!

At any given time, there are half a dozen posts on the frontpage just like the one you're about to write, where the answers have already been given. Read them. Don't make people waste their time repeating themselves because you were too lazy to bother reading stuff. :P
So there I was, having a quiet Sundy arvo bludge, as you do, when 42points turned up on Facebook and asked me to write a new sticky post for /dogecoin. Why would he do this, when he should be having a bludge himself, I hear you ask? Well, seems he was doing exactly that, and wanted to fob off the work he’s too slack to do himself. ;) Ah well, being a sucker for punishment, I’ll grudgingly oblige I guess.
OK, first things first.

The Clients:

Dogecoin Core 1.10.0 2015-Nov-01
Bootstrap file for Core to save some download time.
Dogecoin Core Guide Wiki
MultiDoge v0.1.7 2016-Jan-31
Android Dogecoin Wallet 2.0.8 2016-Jan-18
Android Coinomi Wallet
Java Cate 0.14 alpha 2 Multicoin wallet 2016-Feb-14
Exodus multicoin wallet
iOS Doughwallet

Do you REALLY need a client?

Wallet ELI5
UTXO ELI5
Paper Wallet Generator
Sample HTML Wallet List
Dogetipbot subreddit and website
Dogechain Wallet
Block.io Wallet
Exchanges
BTC38
Poloniex
CoinSpot
ShapeShift - Not really an exchange, rather a currency trader.

Mining

Litecoinpool
Prohashing
Zpool

Explorers

BitInfoCharts - My favourite, has charts!
chain.so
dogechain.info
/dogecoindev where the devs hang out

More Info

Dogeducation
Technical Wiki
Preev currency value calculator

EDITS:

From peoplma
I was wondering if you could add just a couple things. A link to the coinomi android wallet, it's probably the best one out there. And a sentence somewhere along the lines of "if you need help with any dogecoin software you are welcome to make a post, but PLEASE include your OS, version number of the client, and any relevant transaction IDs that you are willing to share" if you can fit that in somewhere.
Also, if you want to link to Prohashing, I'm pretty sure it's the only Scrypt mining pool that will actually pay out in doge. The others I know of pay out in litecoin or bitcoin. And it's a profit switching multipool, so gives a better return than just mining ltc/doge.
And there's these two wiki articles I thought would be helpful to link /dogecoin/wiki/technical for those technically minded newbies or intermediate users who want to dig a little deeper. And maybe a link to /dogecoin/wiki/dogecoincoreguide next to the link for dogecoin core.
From pts2002
Finally a proper sticky post! Here's some other stuff you could add:
zpool.ca mining pool - You can get paid in pretty much any coin, and you can mine in multiple algos (currently mining lyra2v2 with my GPU). Doing about 500Ð/day
shapeshift.io exchange - My favourite exchange, quick and easy. No registration required!
Also, you should add some blockchain explorers!
chain.so - Support for bitcoin, litecoin and doge.
dogechain.info - Official blockchain explorer. Includes a wallet (already mentioned). Live update currently not working (?)
EDIT: Here's another thing I found!
preev.com currency value calculator - Easy way to check the value of your dogecoins (or bitcoins, or litecoins, or peercoins)!
submitted by Fulvio55 to dogecoin [link] [comments]

Is there a media agenda to kill off altcoins so that Bitcoin can grow?

Is there a media agenda to kill off altcoins so that Bitcoin can grow?
A couple of days ago on the Dash Nation Discord longtime community member toknormal shared some thoughts about Bitcoin and altcoins. It's shared below in its entirety in the hopes that it'll be thought-provoking to those on this subreddit and may spark some conversation.

------------------------------------------------------------
TL;DR: This post is about an emerging media agenda to "kill off" altcoins so that bitcoin can grow. The (faulty) perception by bitcoin maximalists that altcoins are a deadweight. How they are going to attack us. Why this is a crucial moment to try to kill off alts and how Dash as a community can constructively address it to its advantage. See also #markets [channel in the Dash Nation Discord linked above] where I've posted some observations about the very long range nature of the Dash market VS bitcoin and its prospects.

I usually try not to write long posts anymore. But my nerves are getting the better of me and all charts are sending the same message so I decided make this a bit of a ramble.
Lately I've been debating (on and off) with the maximalists in the BTC Wall Observer thread (who are very nice people and not trolls) but are convinced that alts are going to get wiped out. I've noticed a common theme in all the conversations that suddenly took me aback - along the lines of "ok - this is it, Bitcoin is now established, we don't need alts any more". Then I saw Max Keiser suddenly declare himself to be a "bitcoin maximalist" out of the blue.
This made me think for a bit because whatever one thinks of Max Keiser, he's not a monopolist. I also noticed how consistent his arguments were with those that I'd encountered in the "Wall Observer" thread and other places such as various Twitter feeds.
The common mantra was that "Bitcoin can do everything".
I'd like to bring this agenda to the community's attention - i.e. that there's some kind of co-ordinated effort afoot to kill off alts going on (even from people who don't believe in monopolies) and offer some tips as to how to address it.
Why now ?
Without knowing much about the politics, it's easy to see why people like Max Keiser might be - albeit guardedly - positioning themselves as "maximalists" at this particular moment in time. Also why there might be a wider coercive effort to kill off altcoins. You only have to look at the Bitcoin dominance charts. (To find this, go to coinmarketcap.com and find the little "Dominance" link right at the top of the page - quite small).
Alts have "eaten" bitcoin's lunch in 3 distinct phases, each of which lasted around 3 years. The first was the "dawn" of alt coins around 2013 when we saw Peercoin, Feathercoin et al emerging and that died off around halfway through the post 2013 bear market. The second was in 2015 when bitcoin was doing basically nothing but consolidating and Dash hit its second ATH on the ratio of 0.02+. The third was the "perfect storm" of ICOs and Bitcoin contentious hard forks when Bitcoin's very existence was in jeopardy. Now we're about to commence a new altcoin dominance rally.

https://preview.redd.it/4smbtxd89d031.png?width=1360&format=png&auto=webp&s=583333624bc64cd72c93ca5fc90eeab13794ed97
The "maximalists" are aware of a potentially massive impending "Phase 4" altcoin capitalisation beyond anything that has been seen to date. If you look at that chart you can see we are on the cusp of completing a consolidation which - if sustained - will lead to a new influx of growth. You can also see that the growth profiles of altcoin dominance is asymmetrical - there are very long bear markets but right at the end there's an almost vertical, massively invasive bull market. That's what the monopolists are trying to mitigate.
My contention is that this is good for bitcoin. It is natural because bitcoin is a reserve asset that can only capitalise from utility assets that lie above it in "Exter's Pyramid". There is no conflict between bitcoin and other crypto assets and Dash should easily have a 2x to 10x growth against BTC in front of it if BTC functions as a reserve asset in the crypto space. That growth will ultimately find its way into bitcoin, being the reserve.
But many maximalists don't see it that way. They see competing assets as draining capital, brainpower and marketcap from bitcoin. This is ridiculous and not true, but it doesn't matter - they are going to start a media war (possibly worse) against alts. So we need to be aware of this and be able to field authentic challenges to their attacks.
How to address institutional challenges ?
There are 2 core themes IMO:
  1. DIVERSITY (Is an essential component of any market)
  2. ECONOMIC THEORY (Bitcoin is not a natural monopoly)
Most people can understand the idea of "trading pairs". If you don't have a trading pair in the same asset class then you ain't got no market. So from that perspective alone Bitcoin is not a go-er on its own. Side chains, Mimblewinble, whatever technology BTC comes up with, it can't be independently valued as long as it's all pegged to BTC. So that on its own is a dead duck. Then, economic theory has quite a lot to say about whether bitcoin can "kill of all alts" or not. It all depends on whether bitcoin is a natural monopoly:
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
Economics
What is a "Bitcoin maximalist" ? It is someone who's advocating that cryptocurrencies are a natural monopoly. Natural monopolies are well known and researched phenomena in economics. We can test this thesis against the definition of natural monopolies and compare each aspect of the definition as to how it applies to cryptos. Intuitively, it seems ridiculous that there can only be one crypto but the media war will try to portay it as such. Dash has made huge advances and we must not take our eye off the ball at this crucial time when altcoins are at the cusp of a new growth phase.
The monopolists have noticed this "end of phase" period and they think we haven't.
Having been engaged in much of this debate lately I've been wondering if I should ditch Dash and go all in Bitcoin as I realised that altcoins in general are at a watershed phase. Is there going to be another bull market against BTC or isn't there ? I've spent a lot of time thinking about this, engaging bitcoin maximalists on other threads and so on. Disclosure - I'm holding BTC as well as Dash. But the truth is I'd rather Dash succeeded and grew against bitcoin. It would be better for bitcoin, better for crypto and better for the world because diversity is a measure of freedom and like it or not, Dash is now one of the significant digital assets.
Regarding 1, I will link to one of my posts on the Wall Observer thread. Obviously it is a huge subject and many will have opinions but
High Infrastructural Costs
Dash has already overcome these as a "barrier to entry". The Dash network hashrate is huge in comparison to what's required to secure a viable cryptocurrency. It has also captured enough of a relative market size to be significantly traded, reviewed and invested in. Over Dash's lifetime, ROI is better then bitcoin. (See Dash/BTC).
William Baumol Criteria
According to this definition, "multi-firm" production would (and is) making cryptocurrency cheaper. If Bitcoin had been unique in the market it would not have had to compete with other blockchains for miners for example. We would not have had mining profitability ranking that tell miners which coin is most viable for them (almost never bitcoin). We would not have had proof of stake. Therefore Bitcoin does not meet the William Baumol criteria for a natural monopoly as "multi-firm" production has made the bitcoin network more efficient (by demonstrating competitively its inefficiencies)
Cost of Production
The original concept of a "natural monopoly" was made by John Stuart Mill according to the Wikipedia entry for "natural monopoly". His motivation was that in the absence of a natural monopoly, prices would reflect the cost of production.
submitted by TrustThyself to dashcrypto [link] [comments]

It's time for r/bitcoin to die

There will never be consensus. There will never be consensus. There will never be consensus.
If history has taught us one thing it is that there will never be consensus. A group of people didn't want to pay taxes so they founded a WHOLE NEW COUNTRY! Then those same people years later could not agree on "labor laws." One group wanted to continue to enslave people, the other group wanted freedom for all people. That SPLIT that whole "new" country. Now just about every country is fragmented into dozens of groups. Meat eaters. Non meat eaters. Socialists vs Capitalists. And now there is a political group founded on the fact that they don't get enough pu**y. No...I'm not making this up.
There will never be consensus.
Bitcoin was supposed to be the thing that united us all. The world NEEDED an alternative to banks. And the creators of bitcoin succeeded in that. The blockchain was born. What an accomplishment. It is a technological marvel that can solve so many problems.
The problem is, humans got in the way.
Perhaps being there in the beginning and watching the bitcoin community grow made them BTC maximalists. In the beginning, there WAS only one coin. True bitcoin people did not pay litecoin, or namecoin any attention. (I did invest in peercoin though) I remember when litecoin was $4 and I bought ZERO of that coin because I didn't think it had a purpose. Today my opinion of litecoin is the same...but I'm not going to create a subreddit called allltcholderssuck
I am a big enough person to allow someone to have their own opinion without it imposing on my beliefs. But with bitcoin - which is probably the first subreddit a new crypto wannabe would go to, this is not the case.
If you've never been on bitcoin I can sum up every thread like this. ALL NON BTC COINS ARE TRASH. ALL PEOPLE WHO BELIEVE IN ANY OTHER COIN ARE STUPID. ROGER VER IS TRASH. ALL HAIL Bitcoin!
Did I miss anything? (nope that sums it up right there).
Any opinion, any new idea, any suggestion is met with a digital beating and a ban. Can we increase the block size? BAN. Is BTC harmful to the environment? BAN. Will BTC ever have smart contracts? BAN. At one point even Ethereum was a bad word.
Why does this matter to you??
Because now, the community that built itself around inclusion and democracy, and the "we hate banks" motto has been fractured. And most of the hate is coming from bitcoin. Now we have people who were in Bitcoin when bitcoin was $300, that don't own any bitcoin! (like me) Not because we don't believe in bitcoin, but because we don't believe in the people behind bitcoin. And this ANTI-bitcoin attitude is growing.
Every coin or token that comes out in hopes to improve the blockchain is a vote against bitcoin. They are saying "we don't believe BTC is enough"
Rather than try to learn from these people, and improve the technology, bitcoin shuts itself off to the rest of the world, and continues to shout BITCOIN ONLY from inside their digital barricades.
Make no mistake THIS is the reason the market is down. Network congestion, led to high fees, led to people selling, led to understanding more about the people behind bitcoin, led to a dislike of the bitcoin maximalist community, led to moving money to other projects.
Its not charts. Its not whales. It is people saying "I want nothing to do with bitcoin." As long as bitcoin continues to spew this nonsense, it WILL be a drag on the entire community. New people (which is the life of any business) will come in - see the hatred - and take their money with them. Whales, will simply invest in other projects. Bitcoin will continue to fall, and unfortunately the entire crypto market will fall with it.
As long as people have a Bitcoin first mentality the crypto market will fall. We have to move towards an inclusive crypto mentality. Any project that actually adds value to the community should be given the opportunity to stand on its own merits. And its not just bitcoin, other coins have also developed this (insert coin here) only mentality.
This is not a zero sum game. Having various options is the definition of democracy. bitcoin mods are literally the hitlers of the crypto world. Spewing hatred, and totalitarianism will get you nowhere...eventually.
It's time for bitcoin to die
submitted by truffledust to CryptoCurrency [link] [comments]

The future of Peercoin

8 months ago I posted this optimistic analysis about Peercoin. For those who are interested, I’d like to share my thoughts about the Peercoin project and what is the current status of this project.
First topic is the price, in end July btc-e was taken down and its assets seized by FBI. Since btc-e was the largest exchange for PPC/USD volume the price took a big hit. It sucks to see such a thing happen to your investments, but since I mostly buy and hold coins for years I’m still optimistic for the Peercoin price long term. Peercoin managed to stay above the magic $1 mark, and has since the release of the new version 0.6 started to break the downtrend and is showing signs of a trend reversal. This could of course be ruined once again by unpredictable external circumstances, but overall the take down of btc-e has only strengthened PPC. Previously my biggest concern was the absolute dominance on PPC trade volume by btc-e, and after the takedown, WEX has risen in the place of btc-e, issuing tokens to users as a part of repaying their debt to the users who lost their holdings from btc-e, and we are now seeing trading being distributed on other exchanges such as Bittrex, HitBTC and The Rock Trading (who just recently removed all fees until January 2018 to celebrate the v0.6 release).
I am NOT a TA guy, but I’ve been around since 2012 and I also take it as a positive sign that others are cautiosly believing more firmly in the trend reversal we’re seeing recently like embeddedthought who published this chart on TradingView. What I rely mostly on are the fundamentals as they seem to be what I earn the most by focusing on over the years. And ultimately Peercoin is to me a hedge against the epic clusterfuck we’re still moving towards in cryptoland.

Fundamentals

v0.6 release and progress by the dev team

While prices where going down, interest declining and the sentiment turning sour, the dev team continued their work on the first community driven release unchanged. Finally they release the new v0.6 version without any major bugs thanks to extensive and careful testing. It’s nice to see new releases coming out every so often from Bitcoin Core, but I’d rather wait a couple of more months than seeing my entire investment get lost due to some bug or unknown vulnerability being exploited when smaller teams are releasing. For those who aren’t well versed in blockchain development, the release may not seem like much when you’re used to the release cycles of blockstream or Ethereum, but the release lays a very important ground work for the path towards cold minting and multi signature minting. Cold minting will make it easy to still participate and help decentralize the PPC network without exposing yourself to any risks, and multi signature minting could very well hold the solution to the underlying problems in how to manage and fund decentralized autonomous organizations (DAO’s) as outlined by Nagalim here.

Future of Peercoin project

The dev team are notoriously reluctant towards publishing road maps (that’ll be abandoned half a year later when the market has crashed), and instead focus on getting the absolute fundamentals right so they wont run into issues years down the road and still have funding. And above all, staying resilient towards attacks by both government and private entities no matter their size and amount of power is of a major concern to them.
Despite this reluctance to publish a road map, it’s still possible to get an idea about which directions Peercoin might take through participation in the official chat and message board and reading the “Requests For Comments” (RFC) published on their github repository.
In no particular order or with guarantees that this will become final, here are the overall topics I’ve picked up being of major concerns to the Peercoin community team since first writing my post 8 months ago:
I’m in no way qualified to comment on SegWit, smart contracts or DAO’s from a technical perspective. Instead I’d like to quickly comment on them using common sense that’d convinced me Bitcoin was “for real” back in 2011 after buying some weed online (I know one thing for sure, drug dealers don’t give anything away for free, if Bitcoin is good enough for them, then it’s good enough for me).
Cold minting is probably the least obvious of the topics listed above, but to me it’s the most important. Peercoin already uses PoS as its consensus model and PoW for emission of new coins to ensure fair distribution and adding entropy to the blockchain. But what mattered to me in the beginning of encountering crypto, and will always matter the most to me is the fact that I can send wealth to ANYONE no matter what the government thinks. This is one of many reasons why it’s so important that the network stays distributed, while Peercoin's blockchain is only a couple of gigabytes despite it being 5 years old, we need to have a way to incentivize users to helping out the network without them running any security risks. Cold minting is the most likely way to do this as far as I’m concerned. On top of this it’d be nice to see Peercoin getting listed on the Ledger store for hardware wallet minting as they’re working on here
MultiSig minting would make it possible to safely stake your coins, earning a reward and automatically donate a percentage to multiple competing teams developing on the Peercoin blockchain, wallets and Apps. For me this sounds like a true cryptoanarchist way of running DAO’s. Even if the original team are compromised by governments, the chain is secure and funds hard to confiscate.
SegWit is a complex and controversial topic with a lot of debate around it. I’ve given up trying to understand all of its ramifications I’ve decided to place my money in both coins implementing it and those who don’t, you know in case the critics are right and one day we’ll see a catastrophic failure. I have no idea if FlexTrans are better than SegWit, only time will tell, but common sense tells me to not place all of my investments in coins that solves transaction malleability through SegWit when alternatives are available. And on the list of long lived, trustworthy projects not using SegWit, Peercoin is right at the top.
TL;DR: Development of the Peercoin project has transitioned successfully from the original creator Sunny King to the community team and they’ve delivered as promised. Peercoin price took a hit from btc-e getting busted but the market has come out stronger on the other side. I still evaluate Peercoin's “true” market value to be $25 at primo-2018 and I’m sure it’ll get there latest ultimo-2019 as a worst case scenario. I have increased my PPC holdings from 25% to 50% after it went down to $1. I don’t understand SegWit, and I think that’s a bad idea, and Peercoin is my preferred hedge against a catastrophic failure in SegWit. Turing-complete smart contracts are a recipe for disaster cough The DAO, Parity etc. I just want decentralized ownership, not contracts.
submitted by bluemooncrust8 to peercoin [link] [comments]

My thoughts on the dogecoin price as a bitcoin and litecoin and dogecoin user and investor - (Serious discussion)

I understand some of you are down hearted about the price dropping but after 6 months of watching this community grow let me tell you that Dogecoin has a real future - if we stay positive and keep using it.
Last year when bitcoin was around $140 I submitted a post to the bitcoin community on why I thought it will rise to $300 soon after and it blew up on the front page on bitcoin.
http://www.reddit.com/Bitcoin/comments/1onfz7/why_i_believe_bitcoin_price_will_reach_300_very/
I got some positive responses but I also got several counter arguments for the fundamental and technicals reasons of why I believed bitcoin was undervalued and heading upwards and from respected members of that community too like roger ver. It looks like bitcoin is heading up again to its all time high of $1160 on bitstamp for almost the same reasons I mentioned in that post.
So I'm here now in the hope to give my thoughts on the reasons behind Dogecoin's price decline and why I believe it will be going up and perhaps testing the all time high by year end.
The fundamentals: As a crypto investor who bought bitcoin and then litecoin early on I need to see several important positives in a coin for me to invest.
Big community, Development team, Large Volume, No or very little Pre-mine, Easy to use,
Dogecoin has all those and compares favourably to bitcoin and litcoin but crucially it has the friendly face which encourages noobs to try cryptocurrencies. I like a lot of bitcoin and litecoin followers thank dogecoin for that.
It's funny there are lots of posts on here about people should do this and that to maintain or increase dogecoin's value and some people need to do more etc. While some of that is all well and good the fact remains dogecoin's block rewards add up to a staggering 150 million doge per day and the selling pressure is so immense that a normal coin would have died a long time ago. 150 million doge are being mined and most of that comes on the market the same day yet dogecoin's price has held up pretty well because the demand is very strong - ok not as much as the sell orders but WAIT until late September when the block rewards are reduced to 40 million doge a day and see what happens then. If the demand is as strong then as it is now the price will rise dramatically over the course of a month. Stick around for that time and keep buying, spending and tipping doge!
Btw I have been in discussions with some some devs and person in regular contact with some devs and they have some exciting developments coming up in dogecoin which will be announced to the community I will let them announce it.
The technicals: Looking at the doge/BTC chart the price dropped around May 19th just around around the time bitcoin's price increased by $50 that day and continued this uptrend to the present day. Doge and Bitcoin don't share the same short term future so don't expect the same price movement currently. Dogecoin remained $0.0042-0.0046 from May 18th to May 28th. The fact that bitcoin kept rising hastened some holders of doge to sell their coins for bitcoin as they saw that rising and the same thing is happening with litecoin peercoin and namecoin aswell. Infact litecoin holders often sell their coins for bitcoin when bitcoin price shoots up, that is until they realise it's undervalued and then a few weeks later a large bull run starts in litecoin just like it did in November last year.
What that means for doge is that we have seen incredible demand for dogecoin in the face of high block rewards dumping daily on the market and bitcoin price rallying again. All I can say is well done to all of you in this community for sticking with dogecoin and using it and hopefully in a few months time we will see dogecoin price rallying upwards before we reach the 10k block rewards.
To the moon!
submitted by Justlite to dogecoin [link] [comments]

Bitcoin Mining - A Development That Involves a Bit More Than Number Crunching

The attractive cryptocurrency and therefore the varied thoughts that occur within the minds of the onlookers usually surround few obvious queries - however, will it inherit being and what about its circulation? the solution, however, is simple. Bitcoins must be deep-mined, so as to form the cryptocurrency exist within the Bitcoin market. The mysterious creator of Bitcoin, Satoshi Nakamoto, visualized a way to exchange the dear cryptocurrencies on-line, by doing away with the need for any centralized establishment. For Bitcoins, there are an alternate thanks to holding the required records of the group action history of the complete circulation, and everyone this can be managed via a suburbanized manner.
The ledger that facilitates the method is thought because of the "blockchain". The essence of this ledger would possibly need heaps of newspaper for showing frequently in any respect common Bitcoin news. Blockchain expands each minute, existing on the machines concerned within the large Bitcoin network. Individuals could question the validity, even legitimacy, of those transactions and their recordings into Blockchain. This too is but even, through the method of Bitcoin mining. https://www.bitcoin24mining.com/ Mining allows the creation of latest Bitcoin and collecting transactions to the ledger. Mining basically entails finding of advanced mathematical calculations, and therefore the miners use huge computing power to resolve it. The individual or 'pool' that solves the puzzle, place the following block and wins a bequest too. And, however, mining will avoid double-spending? virtually every ten minutes, outstanding transactions are deep-mined into a block. So, any inconsistency or illegitimacy is totally dominated out.
For Bitcoins, mining isn't spoken of during an ancient sense of the term. Bitcoins are deep-mined by utilizing cryptography. A hash operate termed as "double SHA-256" is utilized. However troublesome is it to mine Bitcoins? this may be another question. This relies lots on the hassle and computing power being utilized into mining. Another issue value mentioning is that the packaging protocol. For every 2016 blocks, issue entailed in the mining of Bitcoins is adjusted by itself merely to take care of the protocol. In turn, the pace of block generation is unbroken consistent. A Bitcoin issue chart may be an excellent live to demonstrate the mining issue over time. The issue level adjusts itself to travel up or down during a directly proportional manner, looking at the processing power, whether or not it's being fuelled or set out. because the range of miners rises, the share of profits merited by the participants diminish, everybody finishes up with smaller slices of the profits.
Having individual economies and communities, cryptocurrencies like Dogecoin, Namecoin or Peercoin, are known as Altcoins. These are alternatives to Bitcoin. Virtually like Bitcoins, these 'cousins' do have a large fan-following and aficionados WHO are keen to require a deep plunge into the massive ocean and start to mine it. Algorithms utilized for Altcoin mining are either SHA-256 or Scrypt. Many alternative innovative algorithms exist too. Ease, affordability, and ease will render it possible to mine Altcoins on a computer or by using special mining package. Altcoins are a touch 'down to earth' compared to Bitcoins, nonetheless remodeling them into pile may be a very little troublesome. Cryptocurrency buffs will simply hope, if a number of them may witness the equivalent astronomical fame!
submitted by heiwhiteSEO to u/heiwhiteSEO [link] [comments]

Request to Roger Ver: Please remove 3xploit as a moderator of /r/btc. Anyone who upvotes this post is showing their agreement with this request.

Reposting this here because it was censored from /btc.
For those that are not aware due to the censorship going on here (yes, I thought this was a censorship-free sub too), 3xploit also known as Marshall Long has a long and scam filled history in Bitcoin. There is no reason he should be a moderator of this sub or be playing a lead role in Bitcoin Classic development.
To summarize:
Please also leave a comment and state whether you agree or disagree, please, so we can get a clear view what this sub-reddit wants.
3xploit being a moderator here as well as being part of the Classic development team is unacceptable.
submitted by jkgy to bitcoin_uncensored [link] [comments]

Why I'm buying PPC again

This is a draft currently in progress, any feedback or suggestions are naturally very welcome. Feel free to point out issues or provide suggestions here. Also that's where the most recent versions will be found.
Disclaimer
Naturally everything written here should be taken with great scepticism. Show due diligence and fact-check everything stated.
Introduction
I first read the Peercoin whitepaper back in 2013, and bought my first Peercoins in 2014, and I have been holding them since then. Now recently I have started buying more Peercoins again after taking a closer look at the project.
Before I give my reasons for why I ended up buying PPC, I'd like to shortly mention why I didn't buy as much of other hyped projects like Etherum.
Fair distribution, ICO
One of the first dealbreakers I look for when evaluating if a coin has potential, is to see if it has been premined or instamined like ETH and DASH. Premining, instamining and such are a dealbreaker to me not only from a moreal perspective, but also from a pragmatic perspective. From my experience, projects that start out with an unfair distribution tend to either end up with the developers running away with peoples money and dumping the project, or just it just dies a slow and natural death. But premining also tends to create unfavorable incentives towards pumping the coind, rather than the developers spend their time adding valuable code to the project and then get rewarded through donations for their work. There are several projects out there with fair distributions, and I'm convinced that PPC is one of them.
Novelty and purpose
My primary reason for buying and holding altcoins is that I believe they are coming up with new innovations that holds potential value. Back when I bought my first Litecoins it was because I thought it had potential being used more for daily transactions than Bitcoin. Although the price hasn't been what I had hoped, in recent times I have found myself using Litecoin more and more for transferring value between exchanges. When I bought my first Peercoins it was because I thought the idea of its Proof of Stake protocol had potential. I didn't understand the ramifications for POS very well back then, but since the coin hadn't been hacked like the DAO, or dumped, I thought it wise to buy a small sum and add it to my portfolio like I'd learned from reading The intelligent asset allocator.
Bitcoins transaction fee-war aka clusterfuck 2017
Due to the turmoil going on with Bitcoin I started looking into altcoins again in 2017 for rebalancing my portfolio. Currently the two biggest marketcaps besides BTC are for Decentralized Applications and smart-contracts (Etherum) and privacy (DASH/Monero). For privacy I'm pretty clear on which altcoin I believe in. But I couldn't get myself to believe entirely in Etherum using a turing complete scripting language for making smart contracts. While going through the largest altcoins for smart contracts and DAPPS I fell across the PeerAsset whitepaper which left me with a positive impression. This lead me to start re-evaluating Peercoin again and convincing me that its prize is currently strongly undervalued.
Thoughts on Peercoin

Coin supply and inflation

PPC statistics The first realization about Peercoin that made me value its price higher than the market was when I understood that although PPC is set to have a theoretical 1% annual inflation rate, it will most likely be much lower. And with PPC transaction fees of 0.01 PPC/kB being used burned, the total supply of Peercoin could actually become lower than BTC should it gain enough traction. Increased popularity and thus higher number of transactions would lead to a decrease in the supply of PPC. In PoW coins, transaction fees are used for paying the miners and rewarding them in each block.
Peercoin supply comes from both minting (PoS) and mining (PoW). Currently the total supply of Peercoin is at around 23,928,884 Peercoins. The supply of new Peercoins comes from Proof-of-Work and Proof-of-Stake at roughly 2.5% and 1% of total current supply per block. Combined with 0.01 PPC/kb being destroyed for each transaction we can estimate the future supply of PPC as:
``` Current supply * ([1% PoS inflation] + [2.5% PoW inflation]) - transaction fees destroyed = next years supply
24M + 0.0124M + 0.02524M - fees_destroyed = Supply after a year ```
The 2.5% PoW Block Reward is Inversely Proportional to the PoW Difficulty. As Difficulty goes up, reward goes down. With everything going on in BTC I believe more miners are going to turn their ASICS towards PPC. This will only further decrease the coin supply, and if enough transactions are made, even decrease the total current supply of PPC.
Network decentralization Originally I fell in love with Peercoin because I felt guilty over the incredible amount of energy the Bitcoin miners spent on securing the network, and PPC had the potential to be a greener alternative. But lately I have come to value the economic incentives that PoS minting gives. Despite the value of PPC dropping drastically for several years, and interest among users plummeting to a record low, the network stayed strong and very decentralized. This is likely due to the fact that turning your wallet on, acting as a full node earns you more Peercoins. And in return, you secure the network. As we have seen with the other cryptocurrencies, centralizing network security in China can lead to a project getting torn apart by conflicting interests between users and miners.
PeerAssets https://medium.com/@Nagalim/the-benefits-of-peerassets-77bad7693925#.tkynyn752
TODO * Decentralization of network and PoS incentives * Developer activity and new projects coming up
submitted by bluemooncrust8 to peercoin [link] [comments]

We really need to be supportive of other cryptocurrencies

I believe in the coming years the cryptocurrency market will grow to support at least four or five major coins. Any investor will tell you that it is important to diversify so not to have all your eggs in one basket. Bitcoin's explosion has caught the attention of the financial district but its high risk, high reward to jump all in on bitcoin. The same way we have Visa, MasterCard, Discover etc, the cryptocurrency market will grow. And similarly, bitcoin, litecoin, peercoin, dogecoin etc we are all trying to solve the same problems and laying out the infrastructure to to be used as true internet currency.
That being said, it is healthy to have some rivalry. But instead of putting other coins down, we should be promoting the strengths of dogecoin.
EDIT: Fiat currency is estimated to be about $40 trillion dollars and the cryptocurrency market is about $12 billion, which is a drop in the bucket. Its not unreasonable to see altcoins grow to $100 billion+ in the coming years.
submitted by Uprock7 to dogecoin [link] [comments]

[META] The benefits of uniting ourselves with our crypto brothers

My fellow Shibes, I have gained a deeper understanding of the notion of ‘community’ in the last month and a half. Probably more than I have in many other social endeavors that did not take place behind a computer. I've seen people who have never seen each other in person unite behind their computers, embrace each other, and band together to support great causes, enjoy themselves, and self-educate about a revolutionary financial industry that is currently in its crawling stage. An industry that could possibly change the way we trade between each other in everyday life, for the rest of our lives.
During my time here, I have learned that we here at /dogecoin have community. We have numbers. We have our distinguishable and recognizable identity.
While I have been heavily involved here at /dogecoin, I started educating myselves about other crypto currencies as well. Bitcoin, Litecoin, Peercoin, Nxt, Mooncoin, you name it. And I became more and more aware of the fact that we are divided.
We are deeply divided. Some Bitcoiners may exude an air of superiority because of their seniority and being top doge on the charts. Some Litecoiners may display arrogance and be quick to dismiss other crypto currencies because they were the second player in the game, attaining a respectable market value as a result. And some of us Shibes have proved to be provocative and rude, bombarding other subreddits with downvotes and troll comments. Many of you know this because you have seen it for yourselves. Some people have gone as far as announcing an imminent 'war' between crypto currencies. Blasphemy of course. But it did get me thinking.
The way all Shibes united to support the Jamaican bobsled team was amazing. Nobody ever anticipated such an overwhelmingly positive response - including media outlets all over the world. And since then, /Litecoin has caught on as well! With their project to fund the planting of 100,000 trees to counteract the environmental effects of mining, they are taking a positive step towards spreading the word of mouth that the Litecoin community stands united to improve the world while displaying the usefulness of crypto currency.
Because that is the main hurdle we have to jump, folks. It is not beating other crypto currencies and competing for a higher spot on the crypto currency charts. It is really about gaining credibility for our system as a whole and our positive, welcoming communities. Because most of the world still does not take crypto currency all that seriously.
Isn't it time we unite ourselves with other crypto currencies? That we clasp hands and embrace each other, and find ways to unite our interests - the way we accept newcomers here at /Dogecoin? Because we are all in the same boat. And as individual communities, we may not be able to achieve much more than competing against other coins and rising a few spots. But if we unite, we could compete as a financial system on the rise against the current banking system. Individually, /Dogecoin has achieved great things. Combined with more established and growing crypto coins, we could all make it to the Moon. There's no doubt about it.
An alliance of crypto currencies, dedicating themselves to worthy causes, promoting themselves and their counterparts and collectively rising to the top. I will be making a post later in /Cryptocurrency, I hope it gets some attention and positive feedback from other communities.
TLDR; How about we start working together and rise above the confining limits of being a single crypto coin? Let's become a proud part of a massive community which works together to achieve great things and establish itself as the futurustic, viable alternative to today’s banking system. Let's look for ways to work together with other crypto currencies so the world will take note that we trust each other's system as well - and increase our strength in numbers and influence exponentially.
submitted by thenewestdoge to dogecoin [link] [comments]

Subreddit Stats: CryptoMarkets top posts from 2016-03-26 to 2017-03-25 03:12 PDT

Period: 363.27 days
Submissions Comments
Total 489 981
Rate (per day) 1.35 2.69
Unique Redditors 234 438
Combined Score 1465 1573

Top Submitters' Top Submissions

  1. 227 points, 95 submissions: izveniklickov
    1. Dash, Ether Double in Price (10 points, 3 comments)
    2. Altcoins Surge in Major Rally (7 points, 4 comments)
    3. Dash Surges by 110 Percent (7 points, 3 comments)
    4. Bitcoin Flatlines, Litecoin Still in Range (6 points, 0 comments)
    5. Bitcoin U-Turns on Trump Victory (6 points, 0 comments)
    6. Bitcoin Waits for ETF Decision (6 points, 0 comments)
    7. Bitcoin, Litecoin Continue Downtrends (6 points, 0 comments)
    8. Ether Pumps on Bitcoin’s Misfortune (6 points, 0 comments)
    9. More Losses for Peercoin and Namecoin (6 points, 0 comments)
    10. Bitcoin Surges 17%, Breaks $500 (5 points, 0 comments)
  2. 100 points, 43 submissions: bullbearanalytics
    1. We are now within about four weeks of the halving... (7 points, 1 comment)
    2. We Need to be Prepared for More Volatility... (5 points, 0 comments)
    3. We are still watching lower levels for establishing a long position in $BTC (5 points, 0 comments)
    4. $BTC in a Stagnant Period Technically... (4 points, 2 comments)
    5. $BTC in a Stagnant Period Technically... (4 points, 0 comments)
    6. $BTC investors on edge... (4 points, 0 comments)
    7. Bitcoin Price Report for April 25 (4 points, 0 comments)
    8. Poloniex trading both Eth HF & Eth Classic (4 points, 0 comments)
    9. The fact that the $BTC market has barely changed from 10 days ago is mind boggling (4 points, 0 comments)
    10. 12-hour chart is trapped in this extremely tight consolidation range (3 points, 0 comments)
  3. 49 points, 5 submissions: twigwam
    1. “The Flippening” & How I Learned to Stop Loving Bitcoin (20 points, 0 comments)
    2. Storj to Migrate Decentralized Storage Service to Ethereum Blockchain! (12 points, 0 comments)
    3. Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited [Bloomberg] (8 points, 1 comment)
    4. Reddit's Co-founder is Bullish on ETH (8 points, 0 comments)
    5. Garzik has Flipped! (1 point, 1 comment)
  4. 37 points, 19 submissions: jholmes91
    1. What is Monero and is it a Good Investment? (4 points, 3 comments)
    2. BTCManager's Weekly Cryptocurrency Market Outlook Oct. 19 (3 points, 0 comments)
    3. Monero Appreciates on Darknet Adoption... Where will it Head Next? (3 points, 1 comment)
    4. Needham & Co. Raise Bitcoin Price Prediction to $848 (3 points, 0 comments)
    5. Why Monero is Headed to $15 (3 points, 1 comment)
    6. BTCManager's Weekly Cryptocurrency Market Outlook Dec. 20 (2 points, 0 comments)
    7. BTCManager's Weekly Cryptocurrency Market Outlook Nov. 2 (2 points, 0 comments)
    8. BTCManager's Weekly Cryptocurrency Market Outlook Oct. 11 (2 points, 0 comments)
    9. BTCManager's Weekly Cryptocurrency Market Outlook Sep. 27 (2 points, 0 comments)
    10. BTCManager;s Weekly Cryptocurrency Market Outlook Oct. 25 (2 points, 0 comments)
  5. 31 points, 5 submissions: joskye
    1. The intelligent investors guide to cryptocurrency: Part 3a - The value proposition (12 points, 2 comments)
    2. Shadowcash trading analysis: 08/03/2017 (6 points, 1 comment)
    3. Putting your money into Umbra to stake will currently earn you more interest annually than savings accounts in the following countries: (5 points, 2 comments)
    4. The intelligent investors guide to cryptocurrency: Part 1 - Sell your profits and make back the principle ASAP. (4 points, 2 comments)
    5. The intelligent investors guide to cryptocurrency: Part 2 - FOMO My friend, My enemy. Make fear of missing out, work for you. (4 points, 1 comment)
  6. 22 points, 7 submissions: ICOrating
    1. Chronobank analytical report from ICOrating (5 points, 2 comments)
    2. Chronobank analytical report from ICOrating (4 points, 3 comments)
    3. Incent analytical report from ICOrating (4 points, 1 comment)
    4. Inchain analytical report from ICOrating (3 points, 1 comment)
    5. Mainstreet Investment analytical report from ICOrating (3 points, 0 comments)
    6. Wings analytical report from ICOrating (2 points, 0 comments)
    7. Kibo analytical report from ICOrating (1 point, 0 comments)
  7. 19 points, 1 submission: danknwet
    1. Ripple Selected to Participate in the Bank of England FinTech Accelerator (19 points, 9 comments)
  8. 17 points, 1 submission: ThinkingPharm
    1. Is it a good time to buy ethereum, or is value likely to go back down over the next few days? (17 points, 14 comments)
  9. 16 points, 3 submissions: Angel_0007
    1. DASH - WTF?? Up, Up &Up ... Someone explain pls! (7 points, 27 comments)
    2. When ETH moves to PoS / Metropolis will that be the END of Dash & Monero? (6 points, 12 comments)
    3. 10k to Invest for 1 year period - What would you do? Thank you. (3 points, 14 comments)
  10. 16 points, 1 submission: alex9xxl
    1. Comparison of crypto-market price growth (Top 10 by market cap) (16 points, 1 comment)

Top Commenters

  1. boppie (63 points, 32 comments)
  2. isrly_eder (49 points, 14 comments)
  3. antiprosynthesis (39 points, 23 comments)
  4. ToonTheShed (35 points, 10 comments)
  5. omnipedia (28 points, 22 comments)
  6. metaperl (28 points, 21 comments)
  7. dresden_k (25 points, 11 comments)
  8. SeemedGood (23 points, 11 comments)
  9. ducketdude (18 points, 8 comments)
  10. Angel_0007 (15 points, 9 comments)
  11. murt (15 points, 8 comments)
  12. FatherSigma (15 points, 7 comments)
  13. snoggish (15 points, 7 comments)
  14. pills4 (14 points, 10 comments)
  15. xbtman (13 points, 8 comments)
  16. ItsAConspiracy (12 points, 5 comments)
  17. DavidMc0 (11 points, 4 comments)
  18. sifrio (11 points, 4 comments)
  19. _gst_ (11 points, 3 comments)
  20. samnovak3455 (11 points, 2 comments)
  21. CautiousToaster (10 points, 5 comments)
  22. Octane_Au (10 points, 5 comments)
  23. Whty1k (10 points, 4 comments)
  24. danknwet (10 points, 3 comments)
  25. mabiturm (10 points, 3 comments)

Top Submissions

  1. “The Flippening” & How I Learned to Stop Loving Bitcoin by twigwam (20 points, 0 comments)
  2. Ripple Selected to Participate in the Bank of England FinTech Accelerator by danknwet (19 points, 9 comments)
  3. Is it a good time to buy ethereum, or is value likely to go back down over the next few days? by ThinkingPharm (17 points, 14 comments)
  4. Comparison of crypto-market price growth (Top 10 by market cap) by alex9xxl (16 points, 1 comment)
  5. Dash? by hrushka_m (13 points, 13 comments)
  6. Are we witnessing " the flippening" unfolding before our eyes right now? by boppie (12 points, 23 comments)
  7. In your opinion -- price aside -- what coins do you genuinely believe have the best tech behind them? by wisdomfinder (12 points, 8 comments)
  8. Cryptocurrency Evaluation by RavenDothKnow (12 points, 2 comments)
  9. The intelligent investors guide to cryptocurrency: Part 3a - The value proposition by joskye (12 points, 2 comments)
  10. Storj to Migrate Decentralized Storage Service to Ethereum Blockchain! by twigwam (12 points, 0 comments)

Top Comments

  1. 13 points: ToonTheShed's comment in I have $8K to invest in cryptocurrency. How would you invest?
  2. 9 points: DonaldCruz's comment in Are we witnessing " the flippening" unfolding before our eyes right now?
  3. 9 points: antiprosynthesis's comment in DASH - WTF?? Up, Up &Up ... Someone explain pls!
  4. 9 points: antonrenus's comment in Dash?
  5. 9 points: samnovak3455's comment in Is it a good time to buy ethereum, or is value likely to go back down over the next few days?
  6. 8 points: boppie's comment in Dash?
  7. 7 points: RainFirst's comment in If BTC has a hardforks what alts do you think will see gains?
  8. 7 points: ToonTheShed's comment in I have $8K to invest in cryptocurrency. How would you invest?
  9. 7 points: dresden_k's comment in What cryptocurrency has the greatest chance of a x100 increase in the next 2 years?
  10. 7 points: isrly_eder's comment in How do identify altcoin worth investing?
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Peercoin vs Bitcoins (PPCBTC)

I recently concluded a brief analysis of Peercoin. Ok, so my thinking goes like this. When Bitcoin miners reward goes to zero, the fees will have to pay for the work being done. Basically we then got a situation where the fees have to pay for the energy. Energy efficient miners could then out compete less energy efficient miners, resulting in mining consolidation which increases the threat of centralization. However, Bitcoins transactions will also compete with Peercoins transactions which actually could be cheaper because of the Proof-Of-Stake (the forced 0.01 fee would of course probably have to be changed). Now this could be total bullshit analysis, but this is the kind of ideas you get when you read about Peercoin and if you do, you see the value and even more important, the potential hype could be very good for price action. Also, since Peercoins are competing with Litecoin and Litecoin is even less energy effiecient then Bitcoins and besides from that being basically the same I think there is a good chance for Peercoins overtaking Litecoins sometime in the future. Of course this is a trade that I dont want to miss. I hold a few thousand Litecoins which I will not be selling, but I sold Bitcoins for Peercoins and have a few thousands of them now.
I suspect we could see a -20% correction light really really soon and the upside risk is like 14% so actually I am thinking about selling some coins to be able to buy back cheaper. Havent decided yet. However, I dont expect any really major things to happen before February (note: Im much better at calling price levels then putting dates on stuff).
Okay, here is my chart analysis for Peercoins:http://imgur.com/c4hEU0o
submitted by naked50 to subnaked50 [link] [comments]

Start Here for Much Wallet WOW!

Copied from /dogecoin

https://www.reddit.com/dogecoin/comments/4yts6h/start_here_for_much_wallet_wow/
So there I was, having a quiet Sundy arvo bludge, as you do, when 42points turned up on Facebook and asked me to write a new sticky post for /dogecoin. Why would he do this, when he should be having a bludge himself, I hear you ask? Well, seems he was doing exactly that, and wanted to fob off the work he’s too slack to do himself. ;) Ah well, being a sucker for punishment, I’ll grudgingly oblige I guess.
OK, first things first.

The Clients:

Dogecoin Core 1.10.0 2015-Nov-01
Bootstrap file for Core to save some download time.
Dogecoin Core Guide Wiki
MultiDoge v0.1.7 2016-Jan-31
Android Dogecoin Wallet 2.0.8 2016-Jan-18
Android Coinomi Wallet
Java Cate 0.14 alpha 2 Multicoin wallet 2016-Feb-14
iOS Doughwallet

Do you REALLY need a client?

Wallet ELI5
UTXO ELI5
Paper Wallet Generator
Sample HTML Wallet List
Dogetipbot subreddit and website
Dogechain Wallet
Block.io Wallet
Exchanges
BTC38
Poloniex
CoinSpot
ShapeShift - Not really an exchange, rather a currency trader.

Mining

Litecoinpool
Prohashing
Zpool

Explorers

BitInfoCharts - My favourite, has charts!
chain.so
dogechain.info
/dogecoindev where the devs hang out

More Info

Dogeducation
Technical Wiki
Preev currency value calculator

EDITS:

From peoplma
I was wondering if you could add just a couple things. A link to the coinomi android wallet, it's probably the best one out there. And a sentence somewhere along the lines of "if you need help with any dogecoin software you are welcome to make a post, but PLEASE include your OS, version number of the client, and any relevant transaction IDs that you are willing to share" if you can fit that in somewhere.
Also, if you want to link to Prohashing, I'm pretty sure it's the only Scrypt mining pool that will actually pay out in doge. The others I know of pay out in litecoin or bitcoin. And it's a profit switching multipool, so gives a better return than just mining ltc/doge.
And there's these two wiki articles I thought would be helpful to link /dogecoin/wiki/technical for those technically minded newbies or intermediate users who want to dig a little deeper. And maybe a link to /dogecoin/wiki/dogecoincoreguide next to the link for dogecoin core.
From pts2002
Finally a proper sticky post! Here's some other stuff you could add:
zpool.ca mining pool - You can get paid in pretty much any coin, and you can mine in multiple algos (currently mining lyra2v2 with my GPU). Doing about 500Ð/day
shapeshift.io exchange - My favourite exchange, quick and easy. No registration required!
Also, you should add some blockchain explorers!
chain.so - Support for bitcoin, litecoin and doge.
dogechain.info - Official blockchain explorer. Includes a wallet (already mentioned). Live update currently not working (?)
EDIT: Here's another thing I found!
preev.com currency value calculator - Easy way to check the value of your dogecoins (or bitcoins, or litecoins, or peercoins)!
submitted by Fulvio55 to dogeducation [link] [comments]

Bitcoin Competitors: What You Should Know

http://www.ibtimes.com/bitcoin-competitors-what-you-should-know-about-6-alternative-cryptocurrencies-1540168
1. Litecoin – First Mined Dec. 7, 2011. Worth $24.95 USD
Is 2014 The Year Of The Litecoin? Dogecoin, Bitcoin Alternative, Hacked Litecoin has the distinction of being the most valuable cryptocurrency next to bitcoin, currently trading for around $25. Some call litecoin the silver to bitcoin’s gold, and many investors who missed the bitcoin bandwagon are putting money into litecoin, hoping for a similar explosion in value. Litecoin is designed intended to be more efficiently mined and faster to conduct transactions in than bitcoin.
2. Dogecoin – First Mined Dec. 6, 2013. Worth $0.000328 USD
Dogecoin started as a way to poke fun at the cryptocurrency phenomenon (its name is derived from the “doge” Internet meme, and adopted a popular picture of a Shiba Inu dog as its mascot), but has quickly gained popularity in cyber-communities like Reddit. Dogecoin has the distinction of having the most coins in circulation (more than 28 billion) and being the most traded (4,183 transactions per hour). Mining dogecoin yields the highest reward, as each block contains 526,226 dogecoins. Dogecoin also made headlines in December when it was hacked, costing owners more than $12,000.
3. Quarkcoin – First Mined July 21, 2013. Worth $0.06607 USD
Another bitcoin alternative, Quarkcoin, calls itself “the elementary currency,” says it is faster, more secure, and easier to mine than other cryptocurrencies. According to BitInfoCharts, Quarkcoin is the fastest, as it only takes 0.5574 minutes for a transaction to be confirmed. Quarkcoin also has the distinction of being the most-mined, as 548,325 blocks have been created in just over six months.
4. Peercoin – First Mined Aug. 16, 2012. Worth $5.82 USD
Peercoin separates itself from other cryptocurrencies by not having a limit on the amount of coins that can be created. Instead, Peercoin maintains an annual inflation rate of 1 percent in order to increase energy efficiency and allow for greater scalability in the long term.
5. Freicoin – First Mined Dec. 21, 2012. Worth $0.06572 USD
Freicoin is based on the same proof-of-work block chain used by Satoshi Nakamoto used to create bitcoin. The difference is that Freicoin has a demurrage fee that Freicoin holders pay automatically to ensure the coin’s circulation. According to Freicoin’s website, the fee “eliminate[s] the privileged position held by money compared with capital goods, which is the underlying cause of the boom/bust business cycle and the entrenchment of the financial elite.”
6. Namecoin – First Mined April 17, 2011. Worth $6.17
Namecoin has the distinction of being the most difficult cryptocurrency to mine, besides bitcoin. Namecoin is very similar to bitcoin, and is built of a modified version of the bitcoin software.
submitted by QuarkPromo to CryptoCurrency [link] [comments]

[Table] IamA (newly) full time, self-employed professional day trader. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-01-19
Link to submission (Has self-text)
Questions Answers
How many hours a day do you work? How many hours a day do you work? - 6.5 actually trading, and probably another 3-4 doing analysis, scanning, finding stocks for the next day, preparation in the morning, etc.
Are you in front if the screen for the whole trading day? Are you in front if the screen for the whole trading day? - Generally, yes. Unless I have a hot morning at which time I just quit and take the day off and go to the beach!
How do you handle being alone for the whole trading day if you are in front of your screen ask day? How do you handle being alone for the whole trading day if you are in front of your screen ask day? - Well, I talk to a lot of other traders on Skype and/or Google chat, and I try to get out of the house and trade in different locations to keep things interesting. It can get lonely, but I have a lot of friends and have no problem inviting people over to chill while I trade and it benefits them too cause a lot of people want to learn it and sitting here w/ someone doing it full time is a really cool and fun way to learn!
What do you use for analyzing your trade history? What do you use for analyzing your trade history? - www.tradervue.com, and lots and lots of Google doc spreadsheets lol.
However by the end I couldn't handle being alone and stuck in my chair all day. Did you have to cope with any of that? I'm curious as after the last 4 years or so where I've been studying and watching, I feel I've got a nice KISS method. I did 2 months of full time paper trading to see how I did. However by the end I couldn't handle being alone and stuck in my chair all day. Did you have to cope with any of that? - Yes it is definitely an adjustment. I worked in IT so I was pretty much glued to a computer all day anyway, so it wasn't AS much of a change for me, but I do read a lot and hear a lot that day traders start to go crazy after a while just from the lonliness/lack of human interaction. That's why I do things like this Reddit, and my courses that are taught via live webinar though. Keeps me from goin nuts and going postal ... on myself!
If I do go part time how do I keep my life balanced so I can watch the trades closely but not be consumed by them? The Importance of Happiness: Link to justanotherinvestingblog.blogspot.com
What's your P&L ? What's your P&L ? - I try to shoot for a $500-1k gain per day and keep my loss days when they do occur to $250-500. Per trade, I try to risk no more than $200-300 depending on market conditions, and during certain markets I will increase or decrease risk if I feel it is worth it. I also have a detailed risk management plan that I use to make sure if I have a string of losses they are cut to $0 within 3-5 days so I can re-evaluate, and if I have a string of wins, risk increases based on my wins so that I can capitalize when I'm on fire and minimize losses when I am in a slump.
What degree do you have ? What degree do you have ? - I have a bachelors in MIS (unrelated to finance, lol)
Are you interested in HFT ? Are you interested in HFT ? - Not really. As an IT geek I do find it fascinating that there are applications that can scalp all day long and consistently make money over the long term, but I just do not believe that in such a dynamic environment that anything like that is really sustainable. It would just be way too much work for me to try to develop something to trade for me, plus it would take all the fun and challenge out of it!
With how much money did you start ? With how much money did you start ? - I originally started investing with only $1k. I swung that very slowly (up and down) while saving from my job(s) up to about $5k. I then injected another $5k of savings and started getting very serious with trading with around $10k. Then I lost about 50% of that in like 2 months (lol). The whole time I worked full time and saved every penny I could until I had saved up enough to open a PDT (pattern day trading) account with $25k and also became fully immersed in trading talking to other traders and taking a few trading courses here and there to tweak my strategy. Now I trade that account (I keep $26.5k in it and build it up as much as I can each month then withdraw back to $26.5k and that is how I get paid) and I have a small $5k account that I use for swing trades and experimental strategies.
Are you interested in working for big firms (GS, JP, City...) Are you interested in working for big firms (GS, JP, City...) - Not really. I have debated it in the past but I think it is just way more satisfying to do it on my own. Also, I don't want to be part of the firms that everyone complains are corrupt/evil/etc. For me it is more fun and exciting to just trade on my own, and it is more rewarding because if I decide I want a raise I just work harder and trade better and boom! I get a raise!
I'm sure you're familiar with the high failure rate of day traders (80%-98% within two years, depending on your source). Not trying to be an ass, but how us your investing method different than the typical day trader? That's actually a very valid question. My method of picking stocks or buying/selling really is not different at all. What is different is that I have the emotional discipline to cut losses quickly and let my winners run. Most traders that fail, and I have seen many come and go even across the very few years I've been doing this, fail because they do not cut losses quickly and they are not good risk managers. I have always been frugal and very cautious with my money, and I am the same when I trade.
I trade very systematically, and analyze everything I do with statistical analysis so I always know the stats between each type of pattern I trade. For example, if you look on my tradervue link in the OP, you'll see tags like IFB (intraday flag break), IBD (intraday breakdown), TTB (triple tap breakout) identifying the patterns I am trading so that I can go back and find all those tags and see how profitable they are, by tag. I also very systematically trade with a 2:1 reward to risk ratio at a minimum, so if I am risking 10 cents on a trade I will always be able to make at least 20, 50 cents for a buck, 1 buck for 2 bucks, etc. It takes a lot of self control to actually cut those losses where they cross that level of risk, but if you can do that there is no reason 98% of people could not be profitable in this profession.
Obviously there are a ton of other factors that go into it, and I am still very new so who knows, maybe I will blow up and go insane and fail and go broke, but for now I'm doing ok, so I can only speak to what I currently know.
BTW, my blog is very reminiscent of my overall strategy and trading philosophy if you want to check it out (it's free). I just recently rolled it from Blogger to Wordpress so some of the links might point back to my old blog but all the info is at both places: Link to www.greenbartrading.com
If you have a consistently-performing strategy, how come you aren't rich yet? Consistency does not equal wealth. I live comfortably on what I make but I am not trading to become rich, really. I trade for a living because I like the freedom it offers me, being able to work for myself and go wherever I want and take my work with me (for example spending more time w/ family/friends, traveling, etc)
To answer your question, I am very new in this game so it would be foolish to assume I should be rich already. My strategy works so that I can pay my bills and have money to spend on the things I like and the things I want to do, but I am still limited to the money I have in my account and the buying power that it gives me. If I had millions of dollars in capital and $20m in buying power, sure I could use similar strategies and probably make $100k a day but it takes a long, long time to build up that kind of power in a trading account.
It is a common misconception in trading that as soon as you have a consistent strategy you will instantly be able to scale it to become super-wealthy. That theory leaves out the obvious aspects of being able to handle the swings in P/L emotionally and especially the issue of liquidity. I can identify a pattern on a chart and say I'm going to buy 100k shares and make $10,000 in 5 minutes, but actually getting filled on that 100k shares is a totally different story. It is much harder to execute strategies like mine when you are playing with huge sizes. That is why I try to rack up small gains with a consistent win rate vs just trying to home-run every trade and get rich quick.
What do you think of companies that are making software for retail investors to engage in HFT when they don't even know anything about coding, etc? I don't know much about that field so I don't want to say too much, but in general I think that like many people in this business they are just out to make a quick buck, by selling something to others who are trying to make a quick buck.
Don't you think its bad advice to tell a beginner to trade on 2:1 margin? Not at all. Margin is only dangerous if you don't know how to use it. If you understand that trading a $5k account on 2:1 margin means you're trading with $10k, but you still need to manage the risk as if you have $5k, you'll be fine. When I first started getting really serious with trading, I actually traded a $10k account with 10:1 margin but I never used more than 2:1 or 3:1 because I just didn't want to risk that much.
The margin is only bad if you let it get out of control. Also, it is impossible to short without margin and shorting is vital if you are going to be consistently profitable in the long term. Most people say shorting is more risky but if you short properly, managing risk with stop losses just like when you go long, then there is absolutely no difference between shorting and longing in terms of risk. I don't generally recommend swing shorting for beginners, only because news releases can make things really ugly, but in general, trading on margin and shorting is fine as long as you are smart about it and you understand it (which is not that hard with a little reading).
Edit: To clarify, most of the risk associated with margin comes when people get greedy. If you have a $10k account with 10:1 margin on it and you dump $100k into a stock and risk $2,000 to make $4,000 sure you could make 40% on your account but you could also lose 20%. It makes much more sense, especially with a small account, to trade w/ a reasonable amount of margin so that you can maximize your gains without destroying your account w/ too much risk. This is also just personal opinion. Whether or not trading on margin is a bad idea really depends on the person. I know people who have 50:1 margin and trade 100% in cash, and people who have like $5k and trade as if they have $100k cash rather than $95k of it being margin, lol. It all depends on your personality and how well you understand the risk you're taking.
"...there is absolutely no difference between shorting and longing in terms of risk." Fair enough. That is true. In my experience though I have only in very, very rare cases seen a stock double in an overnight session unless it was a penny stock or something very thin being pumped. In the stocks I generally trade I almost never see that. While I do see large gaps I don't really trade stuff that tends to gap more than 100%.
You can lose more than 100% of your investment overnight through shorting, which you can not do by going long. Stop losses do not guarantee that you can prevent this from happening - crazy things can happen while the markets are closed. In theory, you are correct though, and it is important to realize that for sure!
While this might be rare, it's still a critical difference that people should be aware of. Edit: BTW, it's worth noting that nothing in the market is guaranteed. I believe that if you trade with the fear of losing 100% on an investment overnight you are, in general, being a bit too paranoid. Yes it happens, and it blows bigtime when/if it does, but it is not common enough to really worry about IMO. Just something to be aware of.
Can you explain what it means to invest on a margin? I understand that it is investing money that you don't currently own, but where is the additional money coming from? Usually the broker. If you lose too much, they will do a margin call, which basically means they can protect themselves by forcing you to sell your positions to protect their money if you're investing with it.
This risk is generally mitigated though. I trade on margin every day but I am still only risking a very small percentage of my capital on each trade. If I were to hold trades for longer term timeframes, I might worry more about margin calls but still, in most situations you are going to be pretty well protected by stop losses unless the stock is making huge moves of 40%, 50%, 100% etc which is not all that common in the names I generally trade. In my experience I have not seen margin calls until people have lost like 70-80-90% of their account values on a single trade already. If you can't cut your losses before that point you probably should not even be trading :)
How do you feel about Fannie and Freddie? Release from conservatorship and skyrocket? Or wind down and loss of shirt for the common shareholder? On Fannie and Freddie I never touch them as they are super thick and riddled with manipulation. There are certain stocks I just do not trade and those are two (FNMA/FMCC)
Ariad Pharma (ARIA) - Thoughts? ARIA is actually another on my ban list. Don't know anything about it fundamentally but statistically I have lost money almost every time I traded it so I just don't anymore.
Zogenix (ZGNX) - Thoughts? ZGNX is a great trader. I actually recently bought 2500 shares at $3.59 average (building on a 500 share swing I held from $3.35 the day before) but like a fool I sold it flat after it didn't immediately take off. I caught the top of that recent GIANT 5m share block buy and it killed my average price so since I did not want to risk $800-1000 on the trade I opted to exit flat when it didn't go right away. I don't really know anything about the company itself but I have traded it several times over the last couple years and it usually behaves pretty predictably, so I like it for day/swing trading.
How much did you start with when you began day trading? When I got serious about day trading I started with $10k and traded through a prop firm (as an independent contractor so I was working on my own and only received whatever money I made, no paycheck or boss). I did that because it offered me 10:1 leverage and good trading software (DAS Trader Pro). Once I had the cash built up from that I opened a $25k ameritrade account and now I use that ... I bailed on the prop firm because their software was $125 a month and thinkorsim through TDA is free.
What is your daily routine? Do you spend some time reviewing the daily news before the markets open, do you spend time afterwards reviewing your performance, etc? Yes to both questions. I generally get up around 8:00am EST and do a quick breakfast and shower, maybe go for a run or get outside to do something active. Then I will go through Yahoo Finance inPlay (finance.yahoo.com/mp) and scan for any major news headlines (earnings misses/beats, FDA news, etc). I go through the stockmarketwatch.com premarket section (Link to thestockmarketwatch.com and look at anything that is gapping up or down and use finviz.com to determine why they are gapping. This gives me a bunch of ideas for the day. Also, I usually have a small watchlist prepared from the night before, which is prepared with a scanner I use called StockFetcher (www.stockfetcher.com). I pay 8 bucks a month for that (super cheap actually for how powerful it is!)
Right at 9:30 I am mostly just watching stuff. I seldom trade the first 15 minutes only because it is way too volatile and it is difficult to determine a pattern in only 15 minutes. After 9:45 I will look to see if any of the morning gappers held their gaps and perhaps find a couple trades in those ideas. I also have alerts set at various prices from the night before which will be triggering the whole time giving me ideas.
After the trading day, I usually just shut down and forget about trading for a while and then later at night I go back and upload all my stuff to tradervue.com and put in comments/details about why I took the trade, where I bought/sold, if it was a gain/loss, etc and post it publicly on twittefacebook. This keeps me honest and makes sure I am always on my game.
Also, each morning I am usually watching my open swing trades to make sure there is nothing crazy going on with them and I will usually sell into morning spikes to book profit on those and possibly re-enter later on to add back to my full position size.
Finally, every once in a while (maybe once a month) I will just wipe the slate clean, eliminate my entire watchlist, and build a totally new one just to keep my mind fresh and eliminate any bias I have developed toward individual stocks.
What kind of additional research you conduct when swing trading in comparison to daytrading? I always check to see when earnings are, and make sure that there are no major catalysts coming up (FDA panels, upcoming contract renewals, etc). I also go back on the chart for a year and look at all the major moves (gap ups, gap downs and big spikes/drops in price) and research why they moved, so that I can react quickly if I happen to see something similar happen. For most of my swing trades I don't tend to care much about fundamental stuff (PE Ratio, income, etc) because they are not long-term enough for that stuff to make a difference. I am a 98% technical trader, but definitely do pay attention to fundamental catalysts like earnings and things of the like.
One other thing is I will use sites like tickerspy.com to check the performance of the overall sector, and keep the general market (SPY) in mind as there are good and bad times to swing trade so I don't want to be swinging long when the market is going down and vice versa, in general.
I have an X amount of money I want to invest, but I don't have the slightest idea of how things work in the brokerage world. The "I'm cheap and don't wanna spend any money" (aka me) answer is to hit up investopedia.com. Everything you should need to know to get started is there, you'll just need to find it all yourself. You need to learn (at a minimum) order types, commissions, different types of trading, margin, and risk management. I teach all this stuff in my course and it's super cheap relative to the other crap that's on the market so feel free to hit me up via my website and I will hook you up w/ a discount code if you want. Let me know if you have any other questions!
Also, I don't have time for learning how to be a broker. The salesman-y answer is that you are the perfect candidate for my Fundamentals of Active Trading course. Check it out at my website in the OP.
How about brokers investing my money? How foes that work? How do I find a reliable broker? Funny you should ask that - you are one of many who has asked me that very same question and the short answer is I have no idea, because I don't like anyone else touching my money, lol.
I believe through any retail broker (scottrade, etrade, ameritrade, optionshouse, etc) you can probably get a dedicated licensed broker to invest for you while you do nothing but your returns in that situation are probably going to be minimal after the broker takes their cut and also all the commissions/fees and probably a service fee for the service itself. I really don't know though, so that's something you could ask a local branch or call one of the retail brokers and see if that is a service they offer.
I just have never done it because I always wanted to do things on my own so I understood exactly where my money was going and knew that I wasn't being ripped off.
Hope that helps!
Very good, thanks for your answers and good luck with your trading. Is it bad luck to say good luck to a broker? Lol. I don't know, but I'm not a broker so it doesn't matter! I'm just a lowly day trader, scraping by in my underwear, day by day. lol
I just wanted to tell you that you occupy the job I would hate the most, and thus I have immense respect for you. Thanks Joewith! It is definitely not for the faint of heart. I have had many people tell me I swear at my computer a lot when I'm trading, haha, as if that's going to make a difference. For me it is all about the challenge though. I love the challenge and the fact that if I fuck up it is 100% on me, and I can't blame anyone else!
Question: do you plan to/think you can get rich by doing this, considering the risks involved? To answer your question: It is not my plan but I do believe it is possible. I actually, right now, make less money than I did when I worked full time, but I am a lot happier because I have the freedom to do whatever I want whenever I want. In the future I do anticipate being able to far surpass my old level of income but I don't expect to be filthy rich. I would like to see my business grow to $1m+ within a few years and see annual trading profits in the $250-500k range on average, but I have a long way to go to get there. Before I left my job, my best month was September of 2013 in which I made $19.5k on a $25k account which was pretty awesome, so I know it is possible to do amazing things with this profession if we just work hard and manage our risks well.
What advice can you give to an 18 year old looking to trade? I am going to college next year and I have relatively no expenses, so I'm not afraid to lose a little bit of money. I just put some of my money I have saved into a brokerage account and am just trying to see what I can do with it. First, make sure that you REALLY can afford to lose that money. If you can that's great! The best way to get your feet wet is to just dive right in. Risk management is key. You can learn technical analysis pretty easily and use it to identify support/resistance levels on the chart. Always make sure that your risk is at a maximum, 1/2 your potential reward. This will make sure that if you take 100 trades, you lose $50 50 times and make $100 50 times, you have $2500 in loss against $5,000 in reward or a net profit of $2500 (less commissions).
Basically, do not assume that trading is a get rich quick scheme. If you do you will blow up your account faster than you can blink. Trading is a numbers game. Manage your risk and understand what you're investing in and always have a plan to enter AND exit the trade. If you trade with no plan you are doomed.
It's great you're starting to invest as young as you are. If you're a disciplined, controlled individual you will find this is a fantastic way to make extra money and possibly even make a living. Check out my website and look into the Fundamentals of Active Trading course...it might be perfect for you for right now. Email me from the contact page if you decide you're interested and I'll hook you up w/ a discount code.
Have you tried different apps for trading? Wich one is (for you) The Best? Yep! I use Thinkorswim from TDAmeritrade currently. Here is an analysis of four platforms I have used w/ their pros and cons: Link to www.greenbartrading.com
I have a finance degree and am very interested in transitioning to day trading for myself full time. What do you use for a trading platform? I have been looking into Cobra Trading and others that cater to active traders. I use Thinkorswim through TD Ameritrade. I also have used Lightspeed, Scottrade Elite, and DAS Trader pro. I did an analysis of those four here: Link to www.greenbartrading.com
I haven't heard of Cobra Trading, but I also know Interactive Brokers is very popular for day traders and active traders.
What is your opinion on index funds? I often wonder if day traders actually get higher returns or if their gains are just generally in line with the collective increases in the market. I'm not saying that's true in your case I'm just curious! I use index funds as a guideline for what to do in my day trades and swing trades. Most of the professional, full time and well-managed day traders I know are significantly outperforming the index funds. Personally, I don't know if I am because I have not been doing this professionally long enough to have the data to decide. I would say that most of the traders I know are definitely not inline with the market, but are proportionately in-line. For example, if they generally outperform the market, they will outperform it even more when the market rips, and if they generally underperform the market it will get even worse when the market starts to tank. I personally specialize in high-momentum stocks (stuff that is moving on earnings, news, fundamental catalysts), and many of those stocks simply do not care what the market does. They are going to go up (or down) regardless of the market because the volume and the feagreed/euphoria surrounding the news/catalyst outweighs general market sentiment.
Thanks for your answer. As a side note, are you familiar with day trading cryptocurrencies? I am a long term investospeculator of them myself but think day trading them might be a bit too high risk. I assume you're referring to things like bitcoin. If not, I don't even know what a cryptocurrency is, lol. If so, I don't know anything about trading them nor do I care to. Like you said, they are extremely volatile and way too risky. I stay away from very risky investments like penny stocks and bitcoin and try to trade only things that have decent liquidity, are easy to get into and out of, and that are not going to be too susceptible to manipulation by people with way more money than me.
Yes I mean bitcoin and its similar alternatives e.g. "peercoin". I agree its definitely highly volatile and I'm quite skeptical myself, I do find it quite interesting though. Yeah it is fascinating. I actually have a buddy who recently randomly threw $1k at bitcoin on the news that Congress was planning to make it a real currency (or something like that?) and tripled his money in three hours, haha. Fun stuff, but way too crazy for me.
Do you like showing people your fancy monitor setup when they come over? Haha! Actually, I only have one monitor :) That setup that you see in the link in the main post is all I use. I flip between the trade tab where I actually click buy/sell and the charts tab which has three different charts on it (a daily, a 30 min and a 5 min chart) as needed. Generally, since I am day trading and not investing, I only care about the 5 minute chart for snap decisions. I will look at the 30 min and daily to find ideas and identify support/resistance levels on the chart but when I trade, probably about 75% of my time is spent on the screen you see which can all fit on a 15" laptop!
I do have a 24" external monitor which is usually what I'm using, and occasionally I'll open my laptop to throw up my google chats w/ other traders so I don't have to hit alt+tab 8 million times throughout the day. lol if I did have a fancy monitor setup though, I would definitely show it off!
In trading, KISS principle works best IMO :)
Congrats on making the leap! I'm a slow-motion swing trader by comparison, just a step below Graham-style buy and hold. I'm at the saving up stage until I can start playing weeklies with 5k or so. I thought it funny that your ama appeared close to one about flipping items from thrift stores on eBay, as that's what I do now. My question would be, how often do you rebuild your watch list, and how large do you let it get? I know some traders who've been making a living on maybe 5 different stocks a year for the past decade. I like your thoughts on why you're not branching into options yet- when something works, you don't put it down to go try something else! You said you like to get out of the house sometimes while trading- do you ever have issues with WiFi speeds doing this? Or are your trades loose enough that a couple seconds one way or the other isn't a big deal? I rebuild my watchlist every night and mark stuff that I think is ready the next day. For any given day I usually only have 5-6 stocks that I am watching very closely. The rest are just kind of there as "back of my mind" ideas for later. At the end of the day if something didn't go then I will keep it on the list to stalk for a while and use those items if I run out of ideas during the day, to see if there are any opportunities in stuff I had been watching a couple days earlier. Then I usually wipe the whole thing clean and start over about once a month as it crosses 40-50 symbols because that just gets annoying and too much to manage. Interesting question about the wifi - yeah slippage can be annoying if I don't have a good connection, but I usually account for slippage in my position sizes so that if it slips a few cents it won't break me. If I have a slow connection I will usually scale back my risk and be more selective due to the added risk of disconnections, slippage, etc. That used to happen to me all the time at work: I worked in a lab where I couldn't have my cell phone and I'd be in a trade with no stop loss set (since I didn't want to get wicked out!) and the internet connection would randomly drop and I'd have to run out of the lab to get my phone and put in my stop loss or sell from my phone, lol. It cost me a bunch a couple times, so I started to take that into account when trading.
I also know traders who only trade 1-2 stocks and just know them so well that they can hit them over and over and make money for years. Those are a special breed of trader, IMO, and I would probably get bored out of my mind trading the same symbol every day lol.
Do you find technical analysis to provide reliable indicators of stock movements? I do find technical analysis to be reliable. It is a self fulfilling prophecy in a large way so it doesn't really provide any sound long term strategy but for short term strategy it works great. I use probably 98% technical analysis in my trading. EDIT: To clarify I mean that technical analysis is not a reason to make a long term investment in any one stock or financial instrument. However technical analysis can be used to make consistent short term gains over the long term.
Have you ever traded options, and what is your opinion of them? I've never traded options. I hear they are great for reducing risk and capitalizing with a small account but my philosophy in the market is to do what works until it doesn't work anymore. For me, trading equities has worked well so I'll keep doing that until it doesn't. Maybe someday I will get into options, but I have no plan to do that currently.
I don't know if I've ever heard a trader say it could be boring to only have a couple companies to worry about! That worries me more, having dozens and trying to keep an eye on all of them. Haha it's a personal thing I guess! I guess it could be nice to trade the same company over and over again but I like the excitement of finding new ideas all the time and the challenge of learning about different companies and how they behave in the market. I have even traded some companies that turned out to be total frauds and it's funny to me because I look back and see that almost all my trades in them were shorts and when they finally get crushed I am like HA! I KNEW IT!
I appreciate the ama, I'll be checking out your site. Thanks for the kind words - this AMA is a ton of fun.
Thanks for the detailed reply! I'm looking into trading and learning about options and the thinkorswim platform. Really interesting stuff. Perhaps in 30 years I will lose faith in technical analysis as well. Really though, I am pretty confident because more than I trust technical analysis I trust my risk management skills, and they, not technical analysis or fundamental analysis or economic analysis or anything else, are what ultimately make me my money.
Last updated: 2014-01-23 23:41 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

The circle of doge, S01E01

Guys, in order to ensure you have a successful post here in /dogecoin, let me make it easy for you by listing today's top topics and buzzwords! This way you can just mindlessly throw together two or three of these and have your posts rocket to the moon with you!
Today's top three dogeword themes are:
number one: Third place, We're in third, 3, the number three, third, bronze medal (very hot 'coin'sidering the olymipcs!) we beat peercoin, and three-be-n-da-house!
number two: tips, tipping, tip, welcoming, welcoming with tips, tipping new shibes, new shibes need tips, remember to tip, tipping is what doge is all about, tipping, tipster, lets tip silent shibe so he'll tip me 1000 too, lets not forget to tip, the price has risen so tipping has stopped, dont stop tipping when the price rises, and sir t tippy mctippington.
number three: graphs of doge prices with the spikes being ears, a vertical line with the word moon, a line with a rocket, doge rise in price = moon, doge price up so is moon, dogemoon, doge rocket, price increases, remember to tip, rocket to moon, rocket is taking off and anything that the doge price graph resembles.
Today's Winners!
To succeed doge needs the following: buy goods, sell good, buy and sell goods, selling, buying, tips, tipping, tip, to tip, dogetipbot, hold coins, don't sell, services, buy services, sell services, and buy/sell
Trending: cutting coins in half, representing your country's coin in doge by cutting it in half, not using a percent or pie chart to represent dogecoin value, mention moolah for tips of your own, anything moolah, serial posting
HOT topics: moon, rocket, tipping, fuel, fiat, remember to (blank), I'm new here so tip me, just heard about dogecoin, remember to tip, tell us how many coins you get mining on an old laptop, desktop, toaster, etc; I'm a bitcoiner, just sold my BTC for DOGE, I have alot of bitcoin but never heard of dogecoin
Today's Losers
Anti-words: bitcoin, peercoin, not tipping
submitted by NiceBreakfast to dogecoin [link] [comments]

St. Shibe's thing for Christmas

'Twas the night before Christmas, when all throughout /dogecoin
Not a creature was stirring, not even bitcoin
_
The stockings were hung by this subreddit with care,
in hopes that St. Doge would soon be there
_
The shibes were nestled all snug in their beds
While all their visions danced in their heads;
_
And St. Doge in his garment, and I in my fedora
Had just settled down to light his Menorah
_
While out on the web there arose such a clatter,
I sprang from the subreddit to see what was the matter!
_
Away to the homepage I flew like a flash
Tore open the frontpage and opened a new tab with a crash.
_
The redditors dance with their newlyfound altcoins,
Drawing ire from them bursting forth from the seams,
_
When, what to my wondering eyes should appear,
But a miniature sleigh, and eight tiny Coindeer
_
With a little old driver; nimble as a rogue
I knew in a moment must be St. Doge
_
More rapid than eagles his coursers they came,
And he whistled, and barked and called them by name;
_
"Now Peercoin! Now Litecoin! now Feathercoin and Stablecoin!
On, Quarkcoin! on Peercoin! on Namecoin and Ripple!
_
To the top of the charts! To the top of the moon!
Now pump away! pump away! pump away all!
_
As hasherates that before a cgminer fly,
When they meet with a train, bound for the sky
_
So up to the front page the cryptos they flew
With the sleigh full of dreams, and St. Doge too.
_
And then, in a twinkling, I heard on the roof
The prancing and pawing of each little hoof
_
As I drew in my head, and was turning around,
Down the reply box St. Doge came with a bound.
_
He was dressed all in fur, from his head to his toe,
And his clothes were all tarnished with litecoiners and co;
_
A bundle of coins he had flung on his back,
And he looked like a merchant just opening his pack.
_
His eyes-- how they twinkled! His whiskers how merry!
His cheeks were like pillows, his body so hairy!
_
His droll little mouth was drawn up in surprise,
And the look on his face, who knows what implies;
_
The stump of a bitcoin he held tight in his mouth,
And the value it rose despite the Chinese going south;
_
He has a broad snout and a furry soft belly.
That shook, when he laughed after a mention on the telly.
_
He was fuzzy and plump, a right jolly old dog,
And I laughed when I saw him, partly due to my home made grog;
_
A wink of his eye and a twist of his head,
Soon gave me to know I had nothing to dread;
_
He spoke not a word, but went straight to his work,
And filled all the stockings; then turned with a jerk
_
And laying his paw aside of his nose,
And giving a nod, up the catalog he rose;
_
He sprang to his sleigh, to his team gave a whistle,
And away they all flew like the down of a thistle
_
But I heard him exclaim, ere he drove out of sight,
"HAPPY CHRISTMAS TO ALL, AND TO THE MOON TONIGHT!"
submitted by Saint_Doge to dogecoin [link] [comments]

What is PPCoin? {Peercoin} How to buy Peercoin - The easiest way to BUY Peercoin! The future of Bitcoin is in Peercoin Live Bitcoin Chart Liquidation Watch: August 5 2020 - YouTube Peercoin Primer #2: Security

PeerCoin Price Today & History Chart: Avg.PPCUSD SouthXchange YoBit Livecoin CoinEgg HitBTC Bittrex The Rock Trading LiteBit.eu Hotbit Log scale OHLC PeerCoin is a peer-to-peer decentralized digital coin that uses both the PoS (Proof-of-Stake) and PoW (Proof-of-Work) consensus mechanisms. Peercoin is a cryptocurrency with a price of $ 0.287463 and marketcap of $ 7,594,284. Peercoin's market price has decreased 8.43% in the last 24 hours. It ranks 419 amongst all cryptocurrencies with daily volume of $ 27,244. The Peercoin price chart provides historical price values and exchange rate values for the last 6 months. Loading chart data... Sponsored Advertisement. Peercoin Price $0.3059. $0.00 (-0.88 %) 24 hour change . Sponsored Advertisement. Sponsored Advertisement. Sponsored Advertisement. Bitcoin. Bitcoin Mining Bitcoin Mining Calculator Bitcoin Difficulty Chart Litecoin. Litecoin Mining Litecoin ... Peercoin price today is $0.232349 USD with a 24-hour trading volume of $30,778.55 USD. Peercoin is up 1.03% in the last 24 hours. The current CoinMarketCap ranking is #677, with a market cap of $6,172,633 USD. It has a circulating supply of 26,566,264 PPC coins and the max. supply is not available. You can find the top exchanges to trade Peercoin listed on our lll BTC/PPC (Bitcoin / Peercoin) Chart Chartanalysen aktuelle Performance jetzt in Realtime einfach und schnell bei ariva.de ansehen.

[index] [19577] [2492] [48372] [26114] [2356] [22468] [20374] [7561] [21020] [30270]

What is PPCoin? {Peercoin}

Peercoin is the pioneer of Proof-of-Stake, a blockchain consensus algorithm that provides efficient, sustainable security and user governance, allowing for a... they may not be so happy if Bitcoin gets really big and they can no longer do that - they'll have to start to trust somebody who is running one of these huh bigger data servers.” -Gavin Andresen Bitcoin Live Btc Price Chart Liquidation Watch Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single ... A comparison of peercoin and bitcoin. This video highlights the positives and negatives of each coin. Donations welcome! Bitcoin:16nw52qCMdL1PrnQVZn6iKT5SoZG... Bitcoin Live Btc Price Chart Liquidation Watch Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single ...

#