Nights Watch by Afrikoin

[Afrikoin]

Nickonomics


https://www.tradingview.com/chart/BTCUSD/peNImpWP-BTCUSD-Short-Term-Update-First-Phase-Of-Correction-Is-Over/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish

[Afrikoin]

More #Bitcoin log-charted foolish-bulishness. Complete with X-axis & lines & stuff for numerically addicted. $BTC in uncharted territory.

https://twitter.com/TraceMayer/status/863057454258679809

[Wekkel]

There's more:




If you think, thing BIG 

[shannen87]

Really I am so confused.
I am currently 100% in Alts trying to make fast profit so I can buy BTC.
In the maintime BTC rises while I try to make that alt-profit,
at the end of the day I think missed the train of BTC.
Afraid it will spike above $2000 and I wont have the chance anymore to buy deep.
Advice?

[Afrikoin]

Next 24 hours is critical

Just One Resistance point left for $BTCUSD on @bitfinex $1900, Above that we once again go Open Air for #Bitcoin Daily Chart looks different

https://twitter.com/ToneVays/status/863772827366940673

[Afrikoin]

[Majormax]

Really I am so confused.
I am currently 100% in Alts trying to make fast profit so I can buy BTC.
In the maintime BTC rises while I try to make that alt-profit,
at the end of the day I think missed the train of BTC.
Afraid it will spike above $2000 and I wont have the chance anymore to buy deep.
Advice?

The more you trade, the more you wil lose relatively to just holding. All Cryptos are roaring ahead, some are up by 100x in a couple months, and it is super-easy to make boatloads,  measured in fiat terms. It is very late in the bubble, IMO.

Don't be stuck in speculative alts when the bubble bursts, like in early 2014, when many traders lost 95% really quickly. Pick a few solid currencies (include BTC if you like) and stick with them. Then you will lose less in the inevitable bust.

[Afrikoin]

New IMF podcast features interview with Bitcoin blockchain lawyer https://soundcloud.com/imf-podcasts/patrick-murck-the-changing

[Afrikoin]

Hey folks,


I need help!

Happy to pay in BTC if the task is too much to ask





I need a simple favour on an excel sheet data calculation

Happy to pay in btc if its a huge ask ( or not)

I am writing an article for a blog in my country Kenya

I want to make a case for buying and saving in Bitcoin vs saving in Kenya shilling local currency

The basic idea is if someone had saved $30 (3000 KES dpending on USD/KES rate) in January 2014 at the peak of BTC high

and decided to save $30 every 1st day of the month into Bitcoin upto 1st May 2017

They would have made better returns on their savings vs saving in

local currency ie saving $30 (3000 KES) every first day of the month since 1st January 2014 in a Kenya shillings savings account.

The Kenya shillings savings account is called Mshwari, a mobile bank account that pays 7% interest compounded quarterly.

TBH, its not the best of rates, b/c the currency has suffered inflation of 10% yearly

I want to compare the returns of saving in BTC vs saving in Mshwari since 1st January 2014 - 1st May 2017 + pluc factoring in inflation

I want to show people, that by dollar cost averaging over years,  they stand to make better gains and returns in Bitcoin versus saving in Kenya shillings


I would like a chart with

1. Value of Bitcoin savings over time in KES
2. Value of Kenya shillings savings in Mshwari over time
3. Impact of 10% inflation yearly

The chart would have 3 lines, 3 columns to illustrate the point

I am not great with data analysis, but happy to learn.

Is this something you can help me out with?

Will appreciate, thanks.

I can share the article if necessary to make sense.

Thank you


I need this As soon as possible.

Please DM if you think you can help.

Lets make bitcoin great again! lol

[Wexlike]

You're welcome!



https://drive.google.com/open?id=0B8ggPQZMNVbwQ2d5RGQycGdZNmM

Added inflation:


PS: Save your people.

[bitebits]

^ Looks nice! However the 7% interest account can't be a straight line (compounding interest, snowball effect).

[Pruden]

Great idea! And I like that you picked the worst possible moment to start investing in Bitcoins.

[Wexlike]

^ Looks nice! However the 7% interest account can't be a straight line (compounding interest, snowball effect).

You're right, found an error. Trying to fix it now.

Edit: Well actually not sure if there is an error.

I have 7% interest rate paid out every quarter. For example:

3000
6000
9000
12000 + 0,07/4*9000 = 12157,5

Should be correct ?

And its not a line on longer timescale:
https://i.imgur.com/zdfWcgA.jpg

But if you find any error, you can easily fix it in my file.

[Afrikoin]

Ok. Thanks for the positive feedback!

here is how it works

Every 1st day of the month, since 1st January 2014 to 1st May 2017, Alice sets aside 3,000 KEs to save

for ease of calculation, use USD/KES rate of 100. $1 = 100 KES

Bob OTOH decided to save the same 3,000 KES on the 1st day of each month from 1st January 2014 to 1st May 2017 into Bitcoin


Alice puts 3,000 into a KES Mshwari savings account that pay 7% interest per annum compounded annually quarterly

bob puts 3,000 KES into Bitcoin at whatever price on that day


Inflation rate for Kenya has been 7% 2014, 8% 2015, 9% 2016, 10% 2017


I would like to know on 1st May of 2017 how much does Alice and Bob have?


Does this make sense?


Besides the total amount,

i would like to see how the savings progressed over time

For this you might consider using the Coindesk price index, and the price of bitcoin on the 1st day of each month since January 1st 2014


Thank you

[RAJSALLIN]

To short time frame for compunding interest to have an impact on the slope imo

[Afrikoin]

^ Looks nice! However the 7% interest account can't be a straight line (compounding interest, snowball effect).

You're right, found an error. Trying to fix it now.

Edit: Well actually not sure if there is an error.

I have 7% interest rate paid out every quarter. For example:

3000
6000
9000
12000 + 0,07/4*9000 = 12157,5

Should be correct ?

And its not a line on longer timescale:
https://i.imgur.com/zdfWcgA.jpg

But if you find any error, you can easily fix it in my file.

A=P(1+(r/n)^(nt))

where

P= 3000 KES ($30 at USD/KES 100)
r=0.07
n=4
t=?

[secousa]

To short time frame for compunding interest to have an impact on the slope imo

This is exactly the case. Compounding interest tends to have a noticeable impact when the period of time is around 10 years or greater, OR if the compounding is happening on a much smaller time frame (such as daily)
The longer the time between compounding periods, the more time you need in order to see a significant difference

[Afrikoin]

Norway’s Largest Online Bank Integrates Bitcoin Accounts https://news.bitcoin.com/norways-online-bank-bitcoin-accounts/

[secousa]

Inflation rate for Kenya has been 7% 2014, 8% 2015, 9% 2016, 10% 2017

I took these values into account and got similar results to wexlike. I believe wexlike's was done with a straight 10% inflation, what I did was applied the proper inflation per year to only those cells and then created my charts.

Here you go:



and an extra, to show the effect of inflation (since the other one its not very prominent). you can see the lines begin to diverge over 3 years

[Afrikoin]

Thank you secousa and Wexlike!

Loooking at charts now>

Awesome!