The ETF-decision will move the market. If approved it could fall below .02. If disapproved I believe there is some chance for a rising price. Not sure on what to bet here but I believe disapproval is more likely and even if approved money will flow back into Alt's once Bitcoin reaches new highs (wherever they might be). |
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Those look amazing, I personally can't wait for the web/desktop based platform since most of us are used to trade this way, although I find myself using the app everyday lately trading between LKK, USD and BTC for now. We seem to see those things very similar. I also prefer web/desktop-applications but especially while testing margin trading I was surprised how nice it is over the App. While opening long's and short's I monitored the Bitcoin-Charts on Bitcoin-Wisdom and that's a good combination. What I like is that the App is very intuitive to use, but I already can imagine that it can be dangerous because it feels nearly like a game. In my case it is, because I just test it with "test-money", otherwise I should be much carefully. ;-) I hope to catch a nice short dip in terms of USD price for LKK if BTC dumps, something below $0.04 would be amazing.
I doubt that will happen because there always is some adjustment. Best chance in my opinion would be a Bitcoin-pump and buying into LKK with Bitcoin short before a dump - if the ETF should get approval for example. But, things are hard to predict lately. Bitcoin down and surprisingly also all alts on Polo I have on watch (ETH, FCT, ZEC, MAID etc.). LKK is a little bit up in Bitcoin while being a little bit down in Dollar.
tempus, do you know if these options will be readily available for Android? I noticed the iOS app is a little more developed (could be just my idea though). As they first developed the iOS app I think that's the base for all future updates and then they push all progress to Android.
Your impression is correct. IOS is always or at least often a little bit first, but just to avoid a misunderstanding: The screenshots are just from a test-version. It's not publicly available yet. And of course, Android will have it all as well and testing will begin soon. You are on Android? Yes I use Android at the moment, it works perfectly fine, no hiccups whatsoever. I'm in the business so I know how hard is to develop for Android instead of iOS (I'm sure they've chosen to develop for iOS first because of that). Either way, I think their strategy is perfect, they already have the apps up there getting more users by the day, when they deliver the web platform they will already have plenty of early adopters like us eager to use it. Like I said early, if they add ETH I would move 90% of my weekly trading to Lykke. Regarding the price, I'm not sure and I'm not worried either (at least for Lykke), I just hope I can catch a small dip during these uncertain times, we may see it drop to $0.04-0.045, lower than that it would be a complete steal in my opinion considering we are talking about a company here. I still maintain the ETF will get denied. I'm now convinced that if it gets approved it will benefit us all in the crypto space no matter what top 10-20 project you hold, however as we can see with these recent dumps, if it gets denied marketcaps could get cut in half in terms of fiat. I've personally chosen to hedge my BTC with LKK, ETH and USD moving forward. Nice, so you know what you're talking about when it's about the App!  ETH: I generally believe that Lykke will make a nice step forward towards more adoption with Ethereum. The community is huge. ETF and prices: I just hope they will come up with a decision soon. I really don't like the current situation. The recent price-drop didn't even have good effect on most alts. My focus is still on Lykke and Factom. Choppy waters all around, hard to predict what will happen but I stick with the previous mentioned projects. I was a Factom believer but as their project is mostly focused on actual business using their services I've grown a little tired of holding it. Their community is not very engaged and it's always the first coin to dump during BTC rallies (and even dumps) so I would only buy back when I see the opportunity, I think it's getting closer now since to me $2 FCT is a steal. Factom started with a very small community, not many Investors. The price was comparatively low and "a few" bought a lot. That brings pressure on the price on higher levels but I believe that there are good signs. One year ago nearly nobody cared and that's different now. But right, the team doesn't care about the market and is totally focused on business. Thing is: With some patience the chance is high that there will be nice results and in that case: The price has a lot of potential, because it is still low in comparison to others who are not on the same level when it's about the fundamentals.
Anyway, regarding Lykke, I know they are trying to build some ties with Ethereum since Switzerland is aiming to be the Silicon Valley of crypto and Ethereum is Apple right now or whatever analogy would like to use hehe. I think they both can benefit from each other massively, especially regarding licenses and regulations. Many people don't understand just how hard it is to get into crypto, not everyone has ETH to participate in ICOs and for many that means buying BTC first, jumping through hoops, exchanges, wallets, etc.
For example, UJO Music is poised to disrupt the whole music industry in my opinion, their idea and concept is amazing and groundbreaking. Having complete control over music tracks, rights, completely automated is a solution to a problem when there are millions of Youtube channels and everyone is a creator for example.
However to buy the drum track for example to use on your Youtube video or even just stream the song currently available ("Tiny Human" by Imogen Heaps) means you need ETH, and that's the end of the road for most.
If Ethereum should make progress regarding security, scalability etc., it's nearly safe to say that it would be the future, also as a currency. And in any case Lykke and Ethereum is a great combination. But I'm glad that Lykke is not dependent on Ethereum because I still believe it's a huge risk. Interesting is this in my opinion: https://medium.com/@Vlad_Zamfir/about-my-tweet-from-yesterday-dcc61915b572#.by7v045bvMany seem to see the post as kind of an admission of psychological pressure or even problems of Zamfir, while I think it doesn't matter. What matters is how true his statement is and I believe that he told the truth there. That's the reason why I prefer a project like Factom. It's simply safer, even if the price can be very frustrating and of course: The last months were frustrating. And Lykke is kind of similar when it's about the situation (not that much attention yet) but much faster when it's about showing progress and much more user- and community-friendly. For today: ETF-decision will most likely come. I really hope it! This is a good slack btw: https://reddit-bitcoinmarkets.slack.com/ There is an ETF-Channel and nearly everything what is "known" is posted there, plus an announcement channel in which everybody will be notified once the decision is out. |
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Those look amazing, I personally can't wait for the web/desktop based platform since most of us are used to trade this way, although I find myself using the app everyday lately trading between LKK, USD and BTC for now. We seem to see those things very similar. I also prefer web/desktop-applications but especially while testing margin trading I was surprised how nice it is over the App. While opening long's and short's I monitored the Bitcoin-Charts on Bitcoin-Wisdom and that's a good combination. What I like is that the App is very intuitive to use, but I already can imagine that it can be dangerous because it feels nearly like a game. In my case it is, because I just test it with "test-money", otherwise I should be much carefully. ;-) I hope to catch a nice short dip in terms of USD price for LKK if BTC dumps, something below $0.04 would be amazing.
I doubt that will happen because there always is some adjustment. Best chance in my opinion would be a Bitcoin-pump and buying into LKK with Bitcoin short before a dump - if the ETF should get approval for example. But, things are hard to predict lately. Bitcoin down and surprisingly also all alts on Polo I have on watch (ETH, FCT, ZEC, MAID etc.). LKK is a little bit up in Bitcoin while being a little bit down in Dollar.
tempus, do you know if these options will be readily available for Android? I noticed the iOS app is a little more developed (could be just my idea though). As they first developed the iOS app I think that's the base for all future updates and then they push all progress to Android.
Your impression is correct. IOS is always or at least often a little bit first, but just to avoid a misunderstanding: The screenshots are just from a test-version. It's not publicly available yet. And of course, Android will have it all as well and testing will begin soon. You are on Android? Yes I use Android at the moment, it works perfectly fine, no hiccups whatsoever. I'm in the business so I know how hard is to develop for Android instead of iOS (I'm sure they've chosen to develop for iOS first because of that). Either way, I think their strategy is perfect, they already have the apps up there getting more users by the day, when they deliver the web platform they will already have plenty of early adopters like us eager to use it. Like I said early, if they add ETH I would move 90% of my weekly trading to Lykke. Regarding the price, I'm not sure and I'm not worried either (at least for Lykke), I just hope I can catch a small dip during these uncertain times, we may see it drop to $0.04-0.045, lower than that it would be a complete steal in my opinion considering we are talking about a company here. I still maintain the ETF will get denied. I'm now convinced that if it gets approved it will benefit us all in the crypto space no matter what top 10-20 project you hold, however as we can see with these recent dumps, if it gets denied marketcaps could get cut in half in terms of fiat. I've personally chosen to hedge my BTC with LKK, ETH and USD moving forward. Nice, so you know what you're talking about when it's about the App! ETH: I generally believe that Lykke will make a nice step forward towards more adoption with Ethereum. The community is huge. ETF and prices: I just hope they will come up with a decision soon. I really don't like the current situation. The recent price-drop didn't even have good effect on most alts. My focus is still on Lykke and Factom. |
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Same is true for nearly all Alts I have on watch on Polo.
BTC goes down, factom goes down. BTC goes up, factom goes down. My favorite alt. No reason to be disappointed. There will be no project/coin without phases like that and it can change any time back to better. Right now there is a lot of red on Polo. ETH, MAID, ZEC, DASH, XMR, SIA, LSK etc. Markets are about anticipation, not about fixed rules. |
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Some Screenshots of the coming Release: Very intuitive little features:  Margin Trading:  Those look amazing, I personally can't wait for the web/desktop based platform since most of us are used to trade this way, although I find myself using the app everyday lately trading between LKK, USD and BTC for now. We seem to see those things very similar. I also prefer web/desktop-applications but especially while testing margin trading I was surprised how nice it is over the App. While opening long's and short's I monitored the Bitcoin-Charts on Bitcoin-Wisdom and that's a good combination. What I like is that the App is very intuitive to use, but I already can imagine that it can be dangerous because it feels nearly like a game. In my case it is, because I just test it with "test-money", otherwise I should be much carefully. ;-) I hope to catch a nice short dip in terms of USD price for LKK if BTC dumps, something below $0.04 would be amazing.
I doubt that will happen because there always is some adjustment. Best chance in my opinion would be a Bitcoin-pump and buying into LKK with Bitcoin short before a dump - if the ETF should get approval for example. But, things are hard to predict lately. Bitcoin down and surprisingly also all alts on Polo I have on watch (ETH, FCT, ZEC, MAID etc.). LKK is a little bit up in Bitcoin while being a little bit down in Dollar.
tempus, do you know if these options will be readily available for Android? I noticed the iOS app is a little more developed (could be just my idea though). As they first developed the iOS app I think that's the base for all future updates and then they push all progress to Android.
Your impression is correct. IOS is always or at least often a little bit first, but just to avoid a misunderstanding: The screenshots are just from a test-version. It's not publicly available yet. And of course, Android will have it all as well and testing will begin soon. You are on Android? |
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BTC is going down and factom is following it.  Same is true for nearly all Alts I have on watch on Polo. |
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Screenshots des nächsten Release: Intuitive kleine Features - wischen um zu buy u. deposit oder withdrawal u. sell zu kommen: Margin Trading: |
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Some Screenshots of the coming Release: Very intuitive little features: Margin Trading: |
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Any crypto exchange to buy this?
Lykke is the exchange. It is planned to get LKK on other exchanges, but until now Lykke is the only platform that offers LKK. If you want to buy LKK, you can download the Wallet/Trading-App on the HP: https://www.lykke.comHere are also some explaining-videos. |
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@mtnsaa, Richard Olsen just mailed me the reply on your question: I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).
tempus, I have another question that maybe you can ask Richard Olsen since you have a good relationship. Regarding CFDs, companies like eToro offer these and they actually pay dividends if you hold a stock CFD during distribution periods. This means that once you buy Apple CFD, they go and buy the equivalent and transfer the dividends if applicable.
My question is basically if Lykke will actually buy and sell the stock once you buy a CFD or it would be just "virtual/digital"? Sorry for all the doubts but I really starting to envision the real potential Lykke has if they get all licenses and keep improving their platform.
Richard Olsen:
"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential: We are committed to building a robust and solid marketplace that withstands the storms of everyday life."Amazing, this is so exciting, they are definitely keeping the eyes on the prize, while there are many similar projects like Waves or Bitshares, the key here is licenses/regulation, usability and professionalism. If you download Lykke app you can already know the level of quality and attention to detail the team has. On top of that Lykke could disrupt not only FX markets as we mentioned but CFD markets which had exponential growth in recent years. Keeping in mind what Richard Olsen mentioned, they are basically aiming to provide a more secure and transparent CFD product via the blockchain. Anyone interested on Lykke should do some research on eToro to see the potential here, they recently launched a Ethereum CFD (they've been offering BTC CFD for a while). Absolutely! I'm just testing the new App and it's really amazing! Besides some nice little features that make it all even more intuitive, margin trading is really great! P.S.: First I was in profit, no the picture turned into red  ;-) Edit: Should add that it's a test-environment - I don't play with my real money yet. |
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@mtnsaa, Richard Olsen just mailed me the reply on your question: I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).
tempus, I have another question that maybe you can ask Richard Olsen since you have a good relationship. Regarding CFDs, companies like eToro offer these and they actually pay dividends if you hold a stock CFD during distribution periods. This means that once you buy Apple CFD, they go and buy the equivalent and transfer the dividends if applicable.
My question is basically if Lykke will actually buy and sell the stock once you buy a CFD or it would be just "virtual/digital"? Sorry for all the doubts but I really starting to envision the real potential Lykke has if they get all licenses and keep improving their platform.
Richard Olsen:
"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential: We are committed to building a robust and solid marketplace that withstands the storms of everyday life." |
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Great overview! Thanks! |
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@mtnsaa, because of your question about ETH: I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).
(...)
Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first. Great tempus, thanks for the quick reply, well not sure what that entails but even if it's postponed it's also a confirmation that they are working on it already and it's coming in the next months. Most likely they are focusing on getting the Chronobank integration ready by this week or the next. Right, but they are working on multiple fronts at the same time. Technical Development how I understand it currently: Chronobank will be next and very soon. Margin Trading is also pretty much finished and will most likely be released by end of march, BoxOptions is also very far or even finished, but I don't know yet how and when it will be released. Offchain-Settlement is a huge topic of course, and a look into the github ( https://github.com/LykkeCity) shows that there are 9 Updates just in the last 24 hours. Same is going on in all other aspects of Lykke, pushing regulations forward in multiple countries, several NDA's with other companies and negotiations about coming ICO's on Lykke etc. With other words: I know that it sometimes may seem as if it's quiet, or that releases everybody is waiting for are not pushed out so fast like hoped, but there is so much happening that it's hard to keep track with them. For me it's very impressive to see how much is going on but I have to admit that I don't know and also don't understand all what is done. There are multiple channels for different topics and they give updates in the different channels, but a lot of that is expert-stuff. I would have to ask a lot of questions to really get an overview. But, good is: Everyone can be assured that there will be results and I believe that Lykke very well could be on #1 in 2017 and of all projects, when it's about the frequency of releases and general progress. |
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@mtnsaa, because of your question about ETH: I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).
(...)
Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first. |
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My lykke 1yr coins showed up today Nice! I bought through the App so it was there instantly. Good to know that distribution makes good progress. curious how do we initiate the trigger that sets 1yr trigger date in the future? I'm not sure tbh, but what I think: Once all forwards are distributed the market will be opened for trading and most likely there will be a simple button to start the 365y-period, or maybe it will be done with a transaction on a special address in the wallet. Once it starts I'll know more and post an explanation, or maybe there will be a blog-post. Another question is there any fees for lykke on bic swift withdrawals to usa banks.
I'm glad that this question was also asked on slack because I wouldn't know. ;-) Answer: "Lykke is paying all banking fees occurring from the sender's side, thus the client's account is "receiving" the full amount. Please note that fees and charges may occur at the receiver's side, this foreign banking charges are outside of Lykke's control thus these fees and charges are client's own responsibility." |
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