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2241  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: January 04, 2018, 02:25:32 PM
I am here to congratulation you for reaching the goal in less than a year. It is the most awesome thing that I have ever seen and I am glad that I start to follow your bets.

You have become a Cryptotrade legend and deserves more credit them the stupid twitter accounts that only promote shit.
2242  Local / Português (Portuguese) / Re: Nova Exchange com taxa 0% on: January 04, 2018, 12:54:57 PM
Desculpa, mas está parecendo um scam. Os números da API parece que foram manipulados. Prometem taxa zero por tempo limitado pra criar um sentido de urgência. E utilizam o google translator para traduzir os textos de algum outro site.
2243  Local / Economia & Mercado / Re: Exchange [FOXBIT] - Tópico Oficial on: January 04, 2018, 12:45:44 PM


"Se seu caso não tem nada haver com depósito ou saque"

Não sou muito de ligar para gramática, mas essa doeu. Responderam 13 dias depois com um email que parecia padronizado, mas com muitos erros e uma lógica bem torta.
2244  Bitcoin / Press / Re: [2018-01-03] Total Crypto Market Cap Hits New All-Time High Over $700 Bln on: January 04, 2018, 02:56:27 AM
And it was not because of Bitcoin. This is crazy. I predict that on Saturday Bitcoin will hit 21k. That is the minimal valuation Bitcoin should have if the market has hit 700 billion. I was investing on RIpple but I do not see how they could be evaluated more them Bitcoin. In fact, Ripple as a company is great, but their coin is not so important and necessary.
2245  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Rate my Portofolio 2018 # on: January 03, 2018, 08:04:54 PM
You want to buy all the FOMO coins. That is a horrible strategy. You should look for what kind of use and technology do you believe.
Do you think Pow will continue to be the king? Or it will be PoS? Or maybe an exotic thing like IOTA and RaiBlocks?
Do you believe in smart contracts? I payment solution? Drugs and DarkNet uses?

Your portfolio is only about coins that people are pump in the last months. You should think more about your choices.
2246  Economy / Speculation / Re: China to restrain mining on: January 03, 2018, 04:09:25 PM
That is old news. People have already explained that China has some major power plants in locals that do not attract so many industries so it is great for the country put some Bitcoin Farms there.
2247  Bitcoin / Press / Re: [2018-1-3]PayPal founder Peter Thiel is all-in on bitcoin on: January 03, 2018, 02:07:20 PM
You should give the source (a link to the article) whenever you copy paste stuff.
Going all in on Bitcoin is only something the fool hardy might try now. Peter Thiel might be able to afford to do this, given his background. For ordinary investors, it is better to take limited exposure, which they really wouldn't mind losing. My personal view is that cryptos shouldn't account for more than 5% of your portfolio.

Sorry, I forget to put the source. This article is for Wall Street Jornal. It is a high respect source and original article about this info. And I think others will start to see Bitcoin with good eyes now. Probably he will be the biggest Trump advisor in favor of Bitcoin. 2018 will be a great year.

https://www.wsj.com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433
2248  Bitcoin / Press / [2018-1-3]PayPal founder Peter Thiel is all-in on bitcoin on: January 03, 2018, 06:15:53 AM
eter Thiel’s Founders Fund Makes Monster Bet on Bitcoin
Few mainstream investors have bought large sums of bitcoin, scared off by concerns about cybersecurity and liquidity
Peter Thiel exits an elevator after a meeting at Trump Tower in New York.
Peter Thiel exits an elevator after a meeting at Trump Tower in New York. PHOTO: EDUARDO MUNOZ/REUTERS
By Rob Copeland
Updated Jan. 2, 2018 11:30 p.m. ET
176 COMMENTS
One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin.

Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.

Founders and Mr. Thiel, 50 years old, are well-known for early investments in companies like Facebook Inc. that sometimes take years to come to fruition. The bitcoin bet is quickly showing promise. Founders bought around $15 million to $20 million in bitcoin, and it has told investors the firm’s haul is now worth hundreds of millions of dollars after the digital currency’s ripping rise in the past year.

It isn’t clear if Founders has sold any of its holdings yet. The bet hasn’t been previously reported.

Bitcoin vaulted last year from a fringe area of Wall Street interest to the most talked-about asset in the financial world. The currency, essentially a digital form of money with no government or central bank behind it, started 2017 trading around $1,000, then shot to near $20,000 as individual and institutional investors alike ramped up speculating on its rise. From its all-time high reached in mid-December, the price chopped almost in half over the rest of the month.


Prices as of late Tuesday afternoon were up 10% to $14,783, after ending 2017 at about $14,000, according to research site CoinDesk. Bitcoin spiked after The Wall Street Journal reported Founders’ investment.

Relatively few mainstream investors have bought large sums of bitcoin, scared off by concerns about cybersecurity and liquidity, as well as more mundane fears of investment losses. JPMorgan Chase & Co. Chief Executive James Dimon famously called the digital currency a “fraud,” while Bridgewater Associates founder Raymond Dalio said it was a bubble. Even some of those who do own it are cautious about speaking too publicly, lest they draw the attention of hackers.

The late-year price plunge has also spooked some. On Dec. 22, the prominent investor Michael Novogratz said he was delaying launching a crypto-focused hedge fund for outside investors, stating “we didn’t like market conditions for new investors.” South Korea announced last week it would crack down on cryptocurrency trading, an ominous sign given that the country at one point accounted for as much as one-fourth of global bitcoin trading activity.

Founders began buying in for its investors before the recent volatility, the people familiar with the matter said.

The billionaire Mr. Thiel is an outspoken libertarian who co-founded digital payments service PayPal Holdings Inc. and made headlines as a prominent booster of President Donald Trump. He serves on the president’s technology advisory council. Mr. Thiel previously ran a multibillion-dollar hedge fund focused on global macroeconomic trends, and had some success navigating the financial crisis before racking up investment losses by investing in havens and missing out on the subsequent rebound.


Bitcoin 101: What It Is, How to Invest
The virtual currency bitcoin continues surging to new highs as a frenzy of investors get in on the action. WSJ's Paul Vigna explains what you need to know, and how to invest should you want to join the mania. Photo: Alexander Hotz/The Wall Street Journal.

What You Can Buy With Bitcoin: A $10 Pizza for $76
Bitcoin is a virtual currency, but very few people use it to actually pay for things because of transaction fees and its rising value. WSJ's Thomas Di Fonzo takes to the streets of New York to try to spend bitcoin at brick-and-mortar establishments.
As a venture capitalist, Mr. Thiel and Founders fund are among the most successful in Silicon Valley. Founders has more than $3 billion under management and has taken stakes in more-than 100 companies, including Facebook, Airbnb Inc., SpaceX and Lyft. More recent investments include the crypto-focused hedge funds Metastable Capital and Polychain Capital, which puts money into blockchain companies.

Mr. Thiel made the decision to buy up bitcoin together with Founders’ other investment partners, a person familiar with the matter said.

In an October onstage interview at an investment conference in Saudi Arabia, Mr. Thiel described cryptocurrencies as “charismatic.”

“While I’m skeptical of most of them, I do think people are a little bit underestimating bitcoin, specifically, because it is like a reserve form of money,” Mr. Thiel said. “If bitcoin ends up being the cyber equivalent of gold, it has great potential.”

By buying bitcoin outright, as opposed to backing other companies doing business in the space, Founders would seem to be breaking with its investing tradition, an investor said. But in communications with investors, Founders representatives have sought to cast the investment as a high-risk, high-reward wager similar to its other venture bets, the people familiar with the matter said.

The representatives have told firm backers that a cascade of cash into technology companies has stretched their valuations to historic highs, making stakes in startups as dangerous a risk as ever. Bitcoin, on the other hand, could multiply several times over in the coming years.

Thanks to its rise, the bitcoin investment is already estimated as the most valuable in the Founders’ most recent, $1.3 billion venture fund. People close to the firm said that the fund hasn’t made many investments yet.

Founders has also warned investors that bitcoin does share one potentially perilous similarity with more traditional venture capital investments: The digital currency could be worth nothing, or close to it, in the end.

Corrections & Amplifications
Bitcoin reached its all-time high in mid-December. An earlier version of this article incorrectly stated that it reached the level in November.
2249  Economy / Trading Discussion / 95 Crypto Theses for 2018 on: January 02, 2018, 11:35:58 PM
read the complet post on https://medium.com/@twobitidiot/95-crypto-theses-for-2018-ca7b74f8abcf

It is not my text.

The post-Christmas, pre-New Year’s period is always one of my favorites. Every year, I take a couple of days to unplug from the internet, reflect on the past year, and look forward to the year ahead. What I’m excited about, what I’m fearful of, what I need to do to evolve, who I need to get back in touch with, how can I relentlessly prune bullshit, which of my core beliefs have changed, and which high-conviction contrarian beliefs do I still hold.

The process helps me declutter my mind, refine my plans for world domination, and get excited about how amazing, happy, and successful future me is going to be. (Even if New Year’s Day me wakes up hungover and feeling like a beached whale.)

I wanted to share some of my thoughts from this year’s exercise, since so many of them had to do with crypto. Some of these might be helpful to you, others might offend you, still others might seem stupid, simple, or obvious. But I offer them up because writing for such a great, long-term audience sharpens my mind, and weeds out half-baked thoughts.

Enjoy!

***

95 Theses for 2018

On Crypto Prices and “Investing”

1) 2017–2019 will be THE big crypto bubble. Things could get nuttier from here…far nuttier than in the dotcom era. The retail investor base is 10x larger, with 24/7 access to the FOMO and get rich quickism. And we’ve got CNBC to help with the pump!

1a) Unbelievably, the institutions will be the last money in this time, with the futures market and custody solutions just coming online, and the mythical ETFs perhaps not too far behind. This has been properly hyped, I think. I could see a Q1-Q2 stampede.

2) OTOH, there are only like five people talking about “fundamentals” right now. Most seem to be triangulating on the same general view. I call it the cryptoasset barbell: cryptocurrencies (sky’s the limit), utility tokens (heading to zero), and “smart securities” (coming soon).

3) BTC, ETH, ZEC, and XMR are the main cryptocurrencies. These could still have a LOT of room to run. Money is a reflexive asset where the more people buy it and use it and believe in it, the more valuable it gets. Cryptocurrencies are the ultimate momentum play.

4) Utility token valuations should theoretically be capped at the future maximum utility value of the network divided by velocity. Low velocity comes from a need to hold: you hold money (reserve savings) and securities (income producing) and very few staking tokens.

5) Most utility tokens, then, will go to zero, regardless of team quality and execution. You simply don’t need to hold them but for momentum & greater fool investing. When the market lacks “higher order” investors for speculators to flip to, assets will unwind. Viciously.

6) Desperate utility token teams will later try to concoct velocity “sinks” to ward off unravelings. The most common sinks we’ve seen have been to create incentives to “stake” coins: most commonly protocol governance rights and network fee dividends.

6a) Kyle Samani from Multi-coin wrote a great piece about some of these attempts. Most will fail, but some might have limited success.

7) Crypto-securities aren’t really a thing yet, but they will be massive, and they will actually have measurable fundamental value due to their cash flows or the residual claims they give their holders. Most surviving utility tokens will at least try to convert to crypto-securities.

Cool Bidding up assets you don’t believe in is tulip bubble speculation / greater fool investing / pump and dump BS. That or investors are just impossibly optimistic about how valuable a fledgling network’s future cash flows could be. Nah, just kidding. It’s scammy. Don’t @ me.

8a) Related reading: 1) Burniske, 2) Winton, 3) Pfeffer.

9) I didn’t understand XRP at $1bn. I really don’t understand XRP at $100bn. It’s not required to use Ripple’s software, so unless banks are adopting the currency as a new global reserve, it doesn’t make sense. But the top employees are now billionaires, so that’s cool.

10) BCH is tough to root for, but you have to be long as a hedge. If BCH loses badly, I doubt we’ll ever see on-chain BTC scaling, and Core’s stranglehold on the dev roadmap will be cemented. But if BCH wins, it could take down the whole asset class. Rock. Hard place.

11) Cardano, NEM, and IOTA at $10bn market caps make me want to commit seppuku. Seriously, what the f*ck is wrong with people.

12) BTC = reserve currency for people that hate the fed; ETH = reserve currency for people that hate the SEC; XMR = reserve currency for people that hate big brother; Dogecoin = reserve currency for people who don’t care about money.

13) Most mature cryptos trade in pairs or as a group. BTC/BCH, ETH/ETC, XMR/DASH/ZEC. If you’re going to trade, you should think about how these things trade vs. their baskets. LTC doesn’t trade higher than 0.02 BTC. ETC follows ETH up and down. Et cetera.

14) The time to make money in ICOs was in 2015 and 2016 when they were contrarian. Almost everything else more recently was either a) restricted to insiders, or b) underperformed vs. BTC/ETH. (If you can’t spot the sucker at the table, you’re the sucker.)

15) Good token sale teams are starting to demand that their pre-sale investors submit to lock-ups and vesting schedules. That’s admirable, but when you destroy your own liquidity premium, you will probably need to slash your valuation expectations.
2250  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [CFNP] on: January 02, 2018, 11:33:28 PM

You have posted that I was accepted and I am using the sig since them. 2weeks already. But my name isn't on the spreedsheet and I haven't received any coins
Dont worry, you are in this campaign already. Check sheet 4, 5 and 6. No one has received payments in BTC for weeks 4 and 5. Please wait and have patience.

Just to confirm that I have received the payments. Thank you
2251  Local / Criptomoedas Alternativas / Re: Venezuela Revela Detalhes da sua Criptomoeda. on: January 02, 2018, 11:30:36 PM
Porra, se é do governo, não é criptomoeda. É uma porcaria qualquer de moeda digital. Agora, pra especular vale a aposta.
2252  Local / Português (Portuguese) / Re: FoxBit implementou o SegWit on: January 02, 2018, 11:22:15 PM
Tempo atrás eu tinha lido esse artigo sobre uma exchange da India que também teria implantado o Segwit
https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598

Ainda bem que tem gente correndo atrás ao invés de apenas aguardar. Parabéns.
2253  Bitcoin / Press / Re: [2018-1-2] ‘Privacy Coin’ Verge is Allegedly Leaking Users’ IP Addresses on: January 02, 2018, 11:12:37 PM
How the hell we still talk about the scam VERGE?  They do not have anything, it is just a scam that has a promotional team using a lot of money. Their product sucks and their price should be zero. If you have any Verge just sell it now. Buy something that deserves the price and has a great roadmap.
2254  Bitcoin / Press / Re: [2017-01-02] South Korea Sets Date for Anonymous Crypto Trading Ban: Report on: January 02, 2018, 11:09:37 PM
 This would push for more decentralize platform. I Think the price of Bitshare, 0X and Kyber will go to the sky as they help trade tokens and coins without the need of identifying yourself.
 You only need buy something as Monero using p2p and then nobody will ever be able to find where you are investing your money. Government will just watch but will never be able to stop.
2255  Alternate cryptocurrencies / Speculation (Altcoins) / Re: My coin list for 2018. I'm sure there will be a lot of growth. Do you agree? on: January 02, 2018, 11:06:32 PM
That is one of the most horrible lists that I have ever seen. I think any list should start with the major coins that are BTC, ETH and Monero.

Then you need have some platform and SMart contracts coins. ADA

Them you place you could start place bets
2256  Alternate cryptocurrencies / Altcoin Discussion / Re: Best ROI for 2018 : NEO and OmiseGO on: January 02, 2018, 09:45:42 PM
The fun part is that none of this projects has accomplished anything. We do not see so many uses of NEO as a platform, they have promoted their self as the Ethereum from China but this is simply not true.

And OMG I think it is an amazing project, but they are far away from their goals. We will only know their true value in the end of 2018.
2257  Alternate cryptocurrencies / Altcoin Discussion / What is leekico? They have a crazy volume today on: January 02, 2018, 08:49:39 PM
https://bitscreener.com/coins/leekico

I have never heard about that project and I do not understand what is about. But their volume is crazy today
2258  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitconnect ICO on: January 01, 2018, 11:44:41 PM
It looks like the castle will crash. Every ponzi scheme ends like that. they start to show new business and opportunities to get a little more of cash before disappears. If you want to loose your money, invest there right now.
2259  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I made $3.2M in Cryprto since 2010. Here are my top picks for coins under $1. on: January 01, 2018, 11:41:03 PM
Edgeless- I will start looking more for that. I have seen many people talk about and their idea is really cool. Maybe they have a killer project that is undervaluing right now.
2260  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Who believes Ethereum can go 4,000 USD 2018? on: January 01, 2018, 11:37:45 PM
I do not know where Ethereum could go. They will face many challenges this year. But people will look ever more to the platform and how they could offer a better option for this market. ETH could live together with Bitcoin.

I am really excited about the possibilities that PoS could offer.
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