# Bitcoin Trollbox - How To Acquire Bitcoins Cryptocurrencies

Deribit markets added, Z-score, Share themes in chat

Deribit markets added, Z-score, Share themes in chat
Read this on the Cryptowatch Changelog.
Deribit perpetual futures and expiring futures (quarterly) for Bitcoin and Ethereum can now be watched on Cryptowatch.
We’ve added the Z-score analysis tool, available in the Analysis menu on the Charts page. This tool measures the distance in price from a mean value, stated in terms of standard deviations.
Lastly, you can now share themes in chat. Sending a theme in chat lets other traders copy or instantly apply the theme.

Deribit markets added

Cryptowatch charts of Deribit perpetual futures and expiring futures (quarterly) for Bitcoin and Ethereum are now available to view. Check out Deribit's BTC/USD Perpetual Futures market.
https://preview.redd.it/6v55a4qppva51.png?width=3328&format=png&auto=webp&s=76379f7400e6a3005d82382a92dc79ff7b9eee55

Z-Score Indicator

The Z-Score indicator measures the distance in price from a mean value, stated in terms of standard deviations. Select it from the Analysis menu, and use the “More info” button there to learn more about how to use Z-score.
https://preview.redd.it/ifibxnospva51.png?width=2478&format=png&auto=webp&s=3cea54ce839858fa284e5fb299ef787575f90684

Share themes in chat

Traders can now send their color themes to each other in the trollbox. To send a theme, open the settings menu (cogwheel, top-right of the page), select the theme to share, click “Copy”, then paste it in the chat box. Hit send, and everyone in the chat can choose to copy your theme or apply it to their terminal immediately.
https://preview.redd.it/7vrgdagwpva51.png?width=675&format=png&auto=webp&s=b3ab4c324fa6cdd18156e767024590d391b9b9a7
submitted by kraken-lloyd to cryptowatch [link] [comments]

Lists of the largest positions, trading gains and losses ever flashed in the trollbox

I used the entire trollbox history up until today to generate lists of the largest positions, trading gains and trading losses that have been flashed in the trollbox using the /position, /pnl, /rpnl and /upnl commands. (Those commands were introduced on 2018-03-26.)
Largest positions by number of contracts in any bitcoin-dollar contract (perpetual or futures):
Top 500 largest long positions: https://pastebin.com/raw/iwjeFMs9
Top 500 largest short positions: https://pastebin.com/raw/t2NBkLc5
Largest trading gains or losses (realized plus unrealized) from either of the /pnl, /rpnl or /upnl commands for any instrument:
Top 50 gains sorted by BTC: https://pastebin.com/raw/W58upWmV
Top 50 gains sorted by USD value at that time: https://pastebin.com/raw/596PyLuU
Top 50 losses sorted by BTC: https://pastebin.com/raw/aFrYUdSQ
Top 50 losses sorted by USD value at that time: https://pastebin.com/raw/BwEmECGc
submitted by Heavy-Testnet-Wolf to BitMEX [link] [comments]

Cryptocurrencies then and now

I first got interested in cryptocurrencies during the last bubble in late 2013. I bought in to the hype, bought some coins for cash, started trading, made some profit, made some losses, and ended up disillusioned when the bubble had finally popped and I was in the red. I put up a few sell orders and just waited until it would either die for good or come back alive like it has done now.
But what I saw then is repeating itself now, although in a slightly different shape. Back then people would create coins with new features such as proof of stake, new hashing algorithms that would be ASIC proof, some of them actually created coins that had some real life use like Monero and Darkcoin, or Dash as it's called now. But most of them were shitcoins only made for pump and dump purposes.
The new craze is ethereum based coins. Everyone and their uncle are making ICOs with the new best platform for a new revolutionary pointless purpose that makes no sense. Just like the shitcoins of 2013/2014 had pointless features that sounded cool but were pure fluff to make people horny enough to lose their minds and buy in to the hype so the creator could cash out a hefty bitcoin profit, leaving the bagholders wondering what the hell just happened. It's repeating itself this time too. I see people acting in the same nutty way that they did back then. Is this coin good? What should I invest in? What's the best coin and why is it $hit€oin? When will $shit€oin reach the moon? Quick, everyone buy this €rap€oin, it's going to the moon!
And so on, the trollbox is live and thriving everywhere you turn. Some are honestly asking, others are shilling, some are bots or fake accounts replying and saying they love the €oin because it has a revolutionary but pointless feature that everyone will never care about. You can also compare it to the Dot-com bubble where companies were started, venture capitalists poured their millions into ideas that sounded good on paper but no one knew how to do. But the hype was real, just look at where we are today, the internet is bigger than anyone could believe back then.
I think crypto currencies are the future just like the internet turned out to be, but it's the wild wild west right now. And don't get me wrong, I'm not asking for state regulation, it's inevitable either way, but I'd rather have it like this, decentralized, unpredictable, exciting and fascinating. But just remember that those of you who are just getting in to this, you are repeating the same mistakes that I and many others did in 2013/2014. You are the new cows that the whales are milking, you are the naive ones who're trying to make a quick buck by buying shitcoins, believing in ICOs and so on. Some of you will get it right, many out of pure luck, and a select few are able to see past the noise of the scams, ponzi schemes and outright frauds. I'm not saying I'm one of them, absolutely not, I just know that the previous bubble had the same pattern, but this time more people are aware and more cash is flowing in.
Don't take advice from Reddit. You can't trust anyone here. Assume that everything you read is a scam. The chance of it being legit is minuscule, I just refreshed coinmarketcap.com to copy/paste the number of listed coins, it was 837 before I refreshed and 840 after I refreshed. Do you see my point here? How many new coins are created per month? How many of the 840 listed coins are useful today? 5? 10? 20? 50? It's hard to define what useful is, but the vast majority of them are absolute trash.
Don't be a sheep, don't trust what a stranger online said about a coin, don't trust blogs, websites and youtubers who talk about the next big €oin that will make you fly on your personal NASA built rocket to the moon once you've staked 50 of them for a month.
But that's not to say that you shouldn't gamble, that's what we're here for, right? But don't trust their promises of some new magical properties that will revolutionize how dairy farmers trade the tons of methane that their cows produce. And yes, cows produce methane, but no, there's no coin that's trying to capitalize on that market. Yet? How about naming it ƒartcoin? I claim 10% of the premine if someone creates it. You heard it here first people.
If you've made it this far, keep in mind that the smaller coins that increase in value by e.g 200% in two weeks time most likely have no significant market cap, so if you try to sell a couple of bitcoins worth of coins, you might tank the price, so smaller coins are useless for any significant sums of money. But they're perfect for gambling purposes. Just remember that they're just that, shitcoins that you should get rid of as soon as possible. And don't take my advice, make an informed decision, I might be trying to fuck you over ( ͡° ͜ʖ ͡°)
submitted by Rygerts to CryptoCurrency [link] [comments]

Trying to get off Mercatox - My experience so far... and plea for help.

meor Crypto_Jasper brightmonkey
EDIT: For those who don't know, the XRB wallet on Mercatox has been in "Maintenance" for days... So...
Today I decided to go ahead and take any incurred losses and sell my Mercatox-held XRB just so I could get the heck off the worst excuse for an exchange that I have ever dealt with...
Well, it's not going so well. And my experience has me even more concerned.
I have heard some noise that Mercatox might processes some TXs manually. Why would they do that? Are they only letting small-value TXs through because they are worried that everyone would just leave in droves otherwise? I don't even want to try to withdraw everything using a large number of small TXs and pay all those inflated fees to Mercatox.
So, I'm still stuck AND I no longer have most of my XRB stack. Does anyone have any other suggestions?
Oh and one more horrible development - Mercatox is allowing their trollbox to be full of scammer users pretending to be Mercatox Support and offering "alternative" and "faster" ETH deposit addresses and other garbage. That is a nightmare and Mercatox is allowing all of it.
Since Mercatox has been back online after losing their domain a few days ago, has ANYONE successfully withdrawn more than, say $500 worth of crypto in a single TX?
Thanks! Any advice is appreciated.
EDIT: GOOD NEWS!!! Just now (Sunday, Jan 7th, 23:38 UTC), I successfully transferred more than $700 worth of Bitcoin out of Mercatox! My confidence is rising that we won't get shafted any more than we already have...
submitted by MiDFNGR to RaiTrade [link] [comments]

XMR vs Bitcoin (Do you truly realise the massive gains XMR is gearing up for?)

To those of us who believe in XMR and those who know its better than Bitcoin for obvious reasons (Chinese Miner Monopoly, True privacy, Great community, Safe use of older proven algorithms to not jeapordise your equity on unproven algo's etc etc) and just a matter of time before XMR overtakes Bitcoin (long term ofcourse, Heres hoping for less than 3 years) i just wanted to share something with you about how truly massive the gains in XMR could be.
I bought into XMR really high, twice the price it is now. Knowing full well it would most likely fall to 50 percent of its value as all cryptocurrency does after a pump that high. Yet i still bought in to it. Despite the news that the dark market was already saturated and at its peak usage of Monero (lol... ok, I thought everyone was watching Narcos and knew how much Pablo made?). So why did i do it. Well that pump did wonders for Moneros publicity, A simple search of google trends "Monero XMR" will show you this. Trollboxes, Forums, The internet is alive with talk of XMR. I see recently on stackoverflow XMR is about 1/3 as active as Ethereums stack exchange. This is amazing. ETH has 1 billion market cap, XMR 80 million. Thats less than 10 percent market cap. And XMR has stats of followers on twitter and reddit that are in the top 5 percent of all crypto.
I believe the next two years is when MASS ADOPTION of cryptocurrency will begin. I have been following The Gulden recently, perhaps you too have seen its massive gains in the last month. Taxi companies are starting to use it, Its been in MANY dutch news articles, and a few stores. Dash is making good progress with its vending machines, stores are accepting more and more bitcoin. The biggest food delivery company in The Netherlands accepts bitcoin for example. Once people start using crypto and storing small amounts of crypto to use for these small purchases, the money they don't spend they will realize is increasing in value with each passing month. They will realise the more money you have in crypto, the more money you have in the future. I believe people will convert all their liquid savings into crypto as i have done because i not only see a future in this, EVERYONE sees a future in it. All the biggest names in the tech world are doing something with blockchain. And so are the banks. So when you put chump change into Ethereum on January 1st 2016 and end up with more than 12 times your investment and enough money to buy a car after 6 months you start to think. Wow imagine i put more into this.
And here is where i swing back around to the whole point of this article. When people inevitably start investing LARGE amounts of capital into crypto, the gains we have seen so far in crypto is nothing compared to what will come. So lets say in 3 years XMR has bitcoins current market cap of 10 billion (I will explain why this is extremely likely in a sec). Bitcoin currently being $650 dollars a coin. XMR has a current market cap of $85 mil. doing the math, if XMR were to at least catch up to bitcoin, 85 mill to 10 bil, well, you looking at $650 an XMR token, perhaps a bit less due to mining new coins. We are talking about adding two digits to your investment. What will it take for our rediculously undervalued $6.5 XMR's to reach $650? Quite simply people to realize XMR is faster, more private, and not controlled by an "elite group" of miners. Once banks convert to their own form of cryptocurrency why would you (besides speculative reasons) convert it to another crypto like bitcoin,litecoin,dogecoin, potcoin. All the advantages of speedy cross-border payments are already covered by the banks crypto? Except one.. PRIVACY. Would you rather have a 5 dollar note, or a trackable 5 dollar coin with your name printed on it and everywhere its ever been spent before. Because the latter is Bitcoin. And XMR is basically a banknote. A token of value with no ties to where it came from or who previously owned it or what they bought with it. Basically every factor you would EXPECT out of the worlds NEW MONEY.
submitted by Gravychain to Monero [link] [comments]

Dogecoin Buyers Club

Here is my verdict. Your mileage may vary. This is me thinking out loud so that you can make up your own mind. Don't hold me responsible for anything. So there's that.
The battle of dogecoin takes place at the btc-to-doge trade at Poloniex. Every other exchange is secondary. Short term.
Usually when dogecoin rises on Poloniex, shorters go to work lending dogecoin and sell, sell, sell into the buy wall ('Shorting', for short, is earning money by betting that dogecoin will lose value, and, on Poloniex, also to make it actually happen). Equally usual, the shorters enjoy the sudden influx of whale-size dogecoin amounts rushing in to help the shorters even more. The dogecoin blockchain tells this every time.
But yesterday the whale cavalry never came (not for 11 hours at least, had to nap after that). Easily seen by viewing every single block (true story) and its transaction numbers/amount ratio as it actually happened. I could, for most of the time, only spot happy shibes transferring non-disturbing amounts.
This is no rocket science, really, but manually viewing the blockchain is paramount in order to get past all the other fun-facts-but-worthless-statistics when it comes to shorter mitigation.
Currently the shorters are being stock raving mad about their shorts potentially failing. So they double down on their efforts. Throwing more and more money into this shorting carousel. Tripling down. Quadrupling down even. As it seems to me.
So. If you care to buy dogecoin using bitcoin. AND care for the dogecoin value to rise:
-Do it on Poloniex.
-Watch every block on the dogecoin blockchain. Get aquainted with the ratio between number of transactions and the grand total sum of every block.
-Play defense while online and monitoring your trades, by placing buy orders only.
-Remember to watch out for 2nd level verification at Poloniex. Maybe it is better to forget the notorious Poloniex hassle and only trade within the 1st level verification money limit.
-After buying dogecoin, get it the hell out of Poloniex. Exchanges are not your personal wallet for all eternity. Countless people lost their money that way.
-Don't lend your dogecoin to the shorters of Poloniex. Shorters are using it to decrease the dogecoin value, remember?
Lastly about the headline. 'Dogecoin Buyers Club' is a play with words referring to the film Dallas Buyers Club'. Referring to the fact that it is possible to work together in order to achieve something. In this case the proposal of buying dogecoin on Poloniex only.
You. Of course. Do whatever. Thanks.
Edit: Pro tip: Close the Poloniex trollbox while making strategic trading decisions. And after deciding, stick to what you decided. Wars are won before the battles.
Edit2: "To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support." Trollbox gone on Poloniex could mean that shorters must monitor dogecoin more closely for any movements. Moreover, if you are watching dogechain blocks, please click next block links, evaluate what you are experiencing, and finally refresh until 'None' turns into a link to a the latest created block.
submitted by Shibelion to dogecoin [link] [comments]

Of Wolves and Weasels - Day 194 - Guest Post: Don't Underestimate Dogecoin

Hey all! GoodShibe... on vacation! (sort of!)
Please enjoy this post by Guest Writer Sku and tip them well ;D)
Note: To tip them directly: +dogetipbot @Sku xxx doge verify
When a few people suggested to me that I should write a guest post for GoodShibe, I was quite surprised. I didn't consider myself the type of person who is a good writer, or was even the type of person people wanted to listen to. I remember reading the first of Wolves and Weasels post, just about 6 months ago. Never did I think it would still be going now, half a year on, and that I would be writing it. This has surely been the forefront Dogecoin daily blog for the entire community, and in Dogecoin's bright future it will be looked back on fondly. It is therefore special for me to be a part of it.
It is people like GoodShibe who have been a pillar of this community, and kept us going through the good times and the bad, through complete dedication to Dogecoin every single day. But it is not just the GoodShibes who make Dogecoin, it is people like you and me. I am just a normal guy, who stumbled upon this whole crazy community in December through Reddit, and had no idea what I was doing.
I picked up a few scraps from faucets, and my interest grew from there. 6 months later, and I'm writing an article about it. Dogecoin is powerful, because for too long, altcoins were only popular among an inner circle of enthusiasts, and it is truly Dogecoin which has blown the community wide open for anybody to get involved in, myself included.
Looking back as well these past months, thinking back from what /Dogecoin was like when I joined, we have changed so much, but for the better. When you look at the top 10 coins, Dogecoin is now 7 months old, and has earned a permanent position on that list. Despite the decline from a speculative bubble, we have held strong with a huge $20m market cap, which, if you told me in December i wouldn't believe. Back then everyone was talking about if we would hit $5m cap, because LEL DOGE ON A COIN TO THE MOON. It seemed completely ridiculous that Dogecoin was taking off, and I don't think anyone truly believed in it longterm at that point.
But then something happened. You guys happened. You came here in droves, and you built a huge thriving community which rivaled anything ever seen in Cryptocurrency before. Together we built the foundation for this coin to still be here, to still be so strong, and still be a contender as a top Cryptocurrency seven months down the line. How many other seven month old Cryptocoins still have a community of this size, and a market cap of $20m USD? What happened to the flood of copycat meme coins of January and February? We are not the new kids in town any more, we have rooted ourselves firmly into the altcoin scene, and we are here to stay for a long long time.
Community?
A lot of trolls bemoan how the community is not as active, and smaller than it once was. While this is somewhat true, I have a few counter pointers to this:
Community is what makes a coin, and we have that. What point is a currency if no-one is there to use it, just speculative investors pumping and dumping? Dogecoin seems to be up there with Bitcoin and Litecoin as the 3 major accepted Crypto currencies accepted by retailers. And that is because these 3 coins have normal people using them, and spending them. Pretty much every other Crypto is 100% speculative at this stage, but Dogecoin is already going further than most to build usage, economy and community.
We had our speculative bubble, and like every other coin it came crashing down, but unlike almost any other coin, we are all still here, supporting this huge $20m USD market cap coin. Look at any other new coin that had a crash like ours; the community has simply vanished.
Value?
I also briefly touched above on coins moving from bad hands to good hands, and this is really great news. We have mined almost 88 billion coins by this point, a huge number, and a lot of these coins are moving into better hands, long term investors, and members of the community. But, it will take 17 years before we mine another 88 billion coins. We have mined such a large amount of coins in such a short amount of time, that a lower price was needed to move those coins into long term hands, such as you and me.
This is where Dogecoin will get it's value from. True believers, long term investors and community members are now holding on to a large majority of all the coin which will exist for years to come. And this time time, we won't give it over as easily to daytraders, short term investors and the like, because the people still holding are in this long term. The bad hands will have to fight over a lot less coins, as we hold all of our stockpiles as investments, tip them out to new users, and start building our own usage economy.
Maybe one day we can cash out a little for profit, but we will have worked hard to build what we have. We are not get rich quick scammers, we are doing it the old fashioned way, it's slow, and it's hard work, but we know the results will be much more rewarding.
At current prices, we create 35btc worth of new coins everyday, most of which are mined by multipools, and dumped straight to exchanges. 35btc every day might sound like a lot to you, but consider the following statistics. Given current pricing, here is the amount of new coins being produced daily by the 2 big players as things stand:
Bitcoin: 3600btc (100x Dogecoin)
Litecoin: 390btc (11x Dogecoin)
So at Dogecoin's current price level, we are producing very little new value everyday compared to the other big players. And these big players will be producing an enormous volume of coins everyday for years to come, whereas if we still are at a 40sat price level in January, after block 600,000, we will be producing just 14.4m Dogecoins a day, just 5.6btc, 643x less than Bitcoin.
Litecoin doesn't halve until August 2015, and Bitcoin late 2016, and even then, they will still be flooding the market with huge numbers of coins for decades to come. This is where Dogecoin is different; the flood of coins for us is coming to an end, and is already largely over. The community has proven staying power. Given these factors, do you really think Dogecoin will only be worth 40sats in January, as it becomes harder and harder for the market to get it's hands on coins?
As I mentioned in my last post, the great thing about the speculative crash, is that it's a great time for everyone to jump back on board, to buy a worthwhile number of coins at excellent value. You will be buying outside of a speculative bubble right now, at a fair market evaluation which has not been overly inflated by pumpers and speculators. There will still be short term ups and downs, but the long term outlook has never looked brighter. We have grown as a community, fought back the great summer dramas of 2014, and are stronger than ever before. There never has been a better time to jump into Dogecoin.
Maybe one day you will be writing a 1653 word essay on Dogecoin too. Which brings me to the end of mine. Thanks if you stuck with me all the way to the end, and I hope that it inspired you today, to truly look at what an amazing thing this community has done together.
https://www.youtube.com/watch?v=tdjh_evylJA
It's 8:28AM EST and we've found 87.89% of our initial 100 Billion DOGEs -- only 12.11% remains until our period of Hyper-inflation ends! Our Global Hashrate is up from ~46 to ~48 Gigahashes per second and our Difficulty is down from ~708 to ~616.
I Hope you enjoyed today's Guest Post by Sku!
Note: To tip them directly:
+dogetipbot @Sku xxx doge verify
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

Congratulations PARTICL team! - 16-04-2017 (PART/SDC trading analysis post crowdfund completion)

Well the PARTICL crowdfund is officially over and in spite of some doubts I had during week 2 and 3 of this 4 week event, they managed to fill all their funding milestones!
-This means the outstanding 1.49 million SDC will be converted to PART and 80% of it will be redistributed to the crowd funder participants (the other 20% of this pot will go to the dev wallet).
In other words anyone who bought SDC at <$1.60 (and swapped it for PART) got a good deal in my opinion.
...
I've used the experience to diversify my holdings and engage in day trading/swing trading a little more. I won't deny when you've stared at the charts and orderbooks, it's tempting to dive in. Experience is a blessing in this game and whilst I brace myself for the long wait (8 weeks) for PARTICL to hit exchanges, I accept I'm going to be holding this one for a very long time in crypto world; 9 months.
I don't think it's worth selling the PARTICL token so soon, given all the potential, all the recent transparency, all the videos and casts/communications explaining what PARTICL is and the likelihood that this will continue. The SDC development may have been shrouded in secrecy but it looks like PARTICL is going to be a much more transparent and open affair.
I will personally be reverting to a pattern of holding (and possibly accumulating) ETH, PART and REP whilst trading in other alts over varying time frames. That says something about my market biases but I will say I've learnt that having no biases is more important to making money in this space overall. It hurt that I'd spent a lot of time wrapped up in SDC and I'm sad to see it go but diversifying and choosing the path I have has helped greatly and recovered my unrealised gains when SDC was at $5.
...
To those that got burned buying SDC at the top remember there's opportunity in every asset to pump. Even BTCD (Bitcoin Dark) pumped 1000% to $11 after it been abandoned by the devs. The reality is that markets are stupid (like mobs are stupid) because the bulk of traders that comprise them are untrained and follow patterns rather than lead or anticipate them. Look at other assets trading in the cryptospace; >100-200% losses can be quickly recovered in 1-2 smartly timed and executed trades.
I am not saying buy SDC. Now is a terrible time to do so. Instead if you want to play a game of profit with other people's stupidity, just watch the chart, daily trading volume and order book for a while and see if someone is attempting to accumulate and pump it. The API exchange bots will continue their business of automated trading to settle price to the mean but it might be an opportunity.
That said this is an awful idea when you consider how many and how often other alt coins will pump in value. Hedging with some mental stop losses and conditional sells (I never enter conditional buy/sell orders on Poloniex or Bittrex as I personally believe they monitor the books) can prove profitable if you are patient, willing to wait months on each asset and check the prices daily, selling when the almost inevitable 100% rise comes. Remember the average return on a traditional stock index is 10% PA - 100% PA is a good return in contrast for what is essentially a stress free strategy.
...
I am increasingly bullish on PARTICL. I even have some suggested solutions to their potential problem of attracting vendors:
...
So keep that in mind. I believe the future of blockchain technology lies not in being a currency but in providing services and platforms to implement real world fundamental change; whether this makes markets more efficient, decentralised and secure or increases accessibility to ownership rights and investment potential I believe the platforms that will succeed in the longer term are those that attempt to draw non-speculative revenue into their ecosystem.
So many crypto-tokens are obsessed with being currencies. That to me shows a real lack of imagination (and a get rich quick, screw other people over mentality) among many developers in the cryptospace. That said projects like Ethereum, Particl, Augur, ARK, Library Credits (and quite a few others) transcend these tendencies and provide the real future of this space.
Similarly I hope the new class of chains which take advantage of the masternode/PoS mechanisms and implement self-funding budgets like PIVx/DASH/Decred and now Stratis use those growing budgets (both in coin number and exponentially in coin price) to interface with the real world in some way and fund public development, small businesses and acquire real estate and utilities similar to corporations that acquire such assets to increase their intrinsic value and create a perpetuating and stimulated real-world economy that rewards the token holders of those participating chains (see this article I wrote here: https://www.reddit.com/pivx/comments/657ej2/i_hope_pivx_aspires_to_be_more_than_just_a/).
Anyway I'm done for now. Catch me on the next upcoming trollbox podcast (https://twitter.com/trollboxpodcast) where I make a guest appearance and talk at length about the above!
Trade well,
Joskye
...
Full disclosure:
Disclaimer: All prices and values given are as of time of posting. I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), PARTICL (PART), ICONOMI (ICN), Augur (REP), Digix (DGD), PIVx, ARK, DCR, LBRY.
submitted by joskye to Particl [link] [comments]

Welcome to Polkadot's subreddit - read this guide to get started!

Welcome to dot. Here you will find guides, tools, news, discussions and more.

Subreddit Rules:
What is Polkadot?
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.
Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.
Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.
Join the Community
Watch these videos to learn more
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submitted by web3jp to dot [link] [comments]

Of crypto optimists and pessimists, or: why do they hate ETH so much?

I’ve been thinking a bit about why there is such strong antipathy toward Ethereum coming from altcoin traders on bitcointalk, the Polo trollbox, Twitter, etc. Every time there is a dip in price, they start predicting doom and crowing about having known all along that a dump was inevitable. There are constant snide remarks about how ETH bagholders are fools and dupes. No one knows what the price will do, and of course argument on both sides can be rational. But there seems to be an element of hatred and derision toward ETH that I find fascinating.
To some extent, the reason is obvious: more investment in ETH means less money for BTC and the latest altcoin scams. But I think it goes deeper than that. I think it comes down to two things: 1) they know that Ethereum could mean the end of the shitcoin carnival and 2) they experience Ethereum’s forward movement as an affront to their worldview.
So first, why Ethereum could put an end to the shitcoin carnival:
Shitcoins have been stagnating for a long time. If you really want to know how bad it has gotten, take a look some time at the coins on the second and third pages of coinmarketcap.com, then go to those coins’ bitcointalk ANN threads or search for them on Twitter. You may start off hating scammers, but I guarantee you will literally feel sorry for them by the end of that exercise. They are spending hours a day churning out lame spam arguments for an ever-diminishing pool of dupes. In the great majority of cases, despite all the intense effort the would-be con artists are putting in, there is close to zero trading volume and extremely low market cap. This can’t be profitable. They could make more money, with less effort, stacking boxes at Walmart. And yet they persist. Why?
The shitcoin explosion of the last couple of years has been founded on people’s hope that there would a “next Bitcoin” and that they would be able to identify it early. Although I really don’t think any scammers have made much money in the last year or so, they profited prior to that, in the early days of the shitcoin explosion, by coming up with various reasons to get people thinking they’d found the next bitcoin: this one has better privacy, that one is going to be used for a new silkroad, the other one is going to be used by farmers to buy fertilizer, and so on.
Over time, most of the low-hanging fruit had been picked, and at the same time most of the dupes got wise. It was harder and harder to come up with credible scams, and there was less money floating around anyway.
And then Ethereum entered the scene. If you had no clue who these people were, you might be surprised that after years of predicting the next bitcoin, the Twitter shills weren’t jumping with joy that an alt-project was finally gaining huge momentum. But only if you had no clue who they were. The problem for the shills is that they’ve been trading on the promise that the next bitcoin would appear. The absolute last thing they want is for that promise to actually be realized, and certainly not by a coin that they didn’t create, because then they have nothing left to promise.
It’s not just that Ethereum will suck up all the attention and money for the short term. If it was only that, they could solve the problem with a raft of Ethereum clones. The problem is that Ethereum as a platform can support such a broad range of applications, that so many Dapps are already in advanced stages of development, and that the platform has garnered so much support and interest from major economic players. You can clone a coin, but you can’t just clone an entire ecosystem. There is something real happening with Ethereum, and it has rapidly grown to a scale beyond anything the shills have been able to fake in the past.
So that brings me to the other point: why the shills seem to experience Ethereum as such a personal affront. They are not just arguing and positioning for profit. They seem to be dripping with outrage. Something about Ethereum makes them mad. What is it?
I think you have to try to imagine the outlook of someone who spends all their time conniving to get together a few dollars in cryptocoins. If they are sociopaths – and it seems a pretty fair bet that a lot of them are – then by definition they experience a very narrow range of emotions, mostly emotions having to do with power, whether the joy of exerting power or the fear of having power exerted against them. But I think calling them sociopaths is kind of silly, and only tells part of the story. A better term, I think, is pessimist. These people simply take what most of us would think is a dark view of human nature. They see a world that is managed by corrupt powers, a financial system that only works to the advantage of whales and manipulators, and a lot of sheep who follow directives from those powers. Some people have the same political opinions and they feel outrage. When sociopath pessimists have those political opinions, they don’t feel outrage, they just think “why not me too?” If that’s how you see the world, then maybe trying to get a piece of the pie for yourself by any means necessary is a rational response.
Contrast that against the outlook we might expect of a more optimistic “average person.” The average person sees corruption and manipulation as forces that exist in the world, but that also wax and wane. Not everything is predetermined by powerbrokers conspiring in smoke-filled rooms. Some systems fall prey to corruption some of the time, and in some instances, but over the long haul genuine value usually triumphs over shortcuts like cheating. Optimists see the constant emergence of new technologies that improve people’s lives and financially reward their inventors as evidence for this view of the world.
Cryptocoins have interestingly brought together a lot of people with both outlooks. There are clearly some pessimists who have devoted, and continue to devote, a great deal of work to gaming the markets. But there are also optimists who are excited by a new technology that they think will make the world more efficient and more equitable. Both the pessimists and the optimists operate with a degree of self-interest, but in totally opposite ways. For the optimists, it has been what we commonly call “enlightened self-interest,” or self-interest that seeks personal enrichment while backing projects that have genuine social good embedded in them. For the pessimists, self-interest has been more raw, and amounted to them trying to take advantage of the optimists’ hopeful quest to find the next big thing.
Until now, the short history of cryptocurrencies has seemed to reward the pessimists more richly than the optimists. If you are a pessimist, crypto has to have felt like a giant proof of concept for you. It’s proven, or seems to have done, that people are gullible, venal, greedy, etc.
But with Ethereum, it is looking like the tide of crypto history may be about to turn. Suddenly, the optimists have something to be excited about again. If you bought at crowd sale, you have already seen returns far beyond what most scammers could expect from a year’s worth of manipulations. If ETH were to continue gaining value, that will only get more true. So far, the pessimists are rationalizing the development to themselves, and you can see their thinking laid out in the forums and in the trollbox. The rise of ETH, they think, is not due to the underlying value of Ethereum, but to the machinations of even bigger whales than crypto has seen before. An outsider might think it seems unlikely that new whales would have suddenly appeared at this point in the downward spiral of crypto, but hey, humans, even sociopaths, think whatever they need to think to avoid challenges to their worldview.
The point is, Ethereum is a kind of final judgment for the two types of people who have gotten into crypto so far. If its growth stops and then reverses, it will be seen by the pessimists as proof that they were right all along: it’s all a sick game, and the only people who win are those who accept the sickness of it and play dirty. Likewise for the optimists if Ethereum goes global: it is more than a game, and sometimes people win by adding genuine value to society or investing in the development of genuine value.
Don’t get me wrong. If Ethereum gets as big as I think it will, I’m sure pessimists will still find a way to convince themselves that it was really just because of some greater conspiracy, not because they failed to recognize the underlying value early enough. But somewhere inside of themselves, I think they recognize that the threat of Ethereum is not just a threat to their position as big fish in the small pond of crypto, but that it threatens to expose the emptiness of their mindset. Nothing could be more upsetting to people who see themselves as master manipulators than to find that those they think of as “sheep” are the ones who actually come out ahead.
That’s where I think the anger really comes from. So if you are one of these crypto pessimists, I would advise you not to despair. Maybe you will turn out to be right after all. Maybe ETH will come crashing down around all the sheep just like all the previous scamcoins and you can laugh and carry on as usual. But just in case, I would advise you to start learning how to create fake Dapps, because something tells me the shitcoin glory days are coming to a close.
submitted by LGuappo to ethtrader [link] [comments]

Please reassure and enlighten a new investor.

So we all know the story: I've known about bitcoin for a while, but didn't buy in when it was super cheap, because I'm a stupid idiot dumbface asshole.
So my friends and I decided, since fiat money is pretty silly and soaked in hundreds of years of other people's blood, why not just get in now, regardless of risk. So we dropped $1000 on 1.125 btc @ $880, and plan to buy $700 more on tuesday.
Basically, a quick perusal of this subreddit seems to indicate that a surprising number of you have intelligent things to say, at least more so than the btc-e trollbox, so I was hoping you could help me with a few questions:
1) Why isnt this a bubble? My parents immediate reaction to hearing the news was that I was going to lose all or most of my money. I don't think I am, but I would like the be able to explain to them the ways in which bitcoin and crypto-currency differ from tradition investments, and why they aren't coming back down. (please tell me they aren't coming back down)
2) Is high/low trading on exchanges like btc-e even worth it? I have been able to play with $20 in litecoins on btc-e that were randomly tipped to me back in june. I have turned that $20 into $45 during a three day span when the cypto markets were stagnant. Apart from an instantaneous new appreciation of gambling addiction, I also realized that once I have several thousand dollars in the system, this could be very bad or very good. Thoughts?
3) Altcoins. Is it reasonable to assume that any of the altcoins are going to gain market value in the way bitcoin did? I have read a lot about Namecoin, and my thinking is that since its the only crypto I've seen on an exchange that has a real world use (bypassing ICANNs DNS protocol, right?) its value is going to explode once the initial mania around crypto runs out and people realize that we are actually going to have to use these things and the most functional ones will be the most useful.
4) The only real-world (AKA paid for expensive school) economist I have spoken to about bitcoin says that its best comparison is Netscape in 1998. It looked like it was riding high, but a year later the entire tech market crashed and Netscape in particular was screwed. But ten years later and the underlying tech Netscape used was everywhere and making people billions. So, bitcoin doomed, crypto booms?
I know this is a lot of questions and a lot of text, any and all comments are appreciated, even trolls because they are fun. Thanks in advance people!
submitted by maxattaks to Bitcoin [link] [comments]

Congratulations PARTICL team! - 16-04-2017 (PART/SDC trading analysis post crowdfund completion)

Well the PARTICL crowdfund is officially over and in spite of some doubts I had during week 2 and 3 of this 4 week event, they managed to fill all their funding milestones!
-This means the outstanding 1.49 million SDC will be converted to PART and 80% of it will be redistributed to the crowd funder participants (the other 20% of this pot will go to the dev wallet).
In other words anyone who bought SDC at <$1.60 (and swapped it for PART) got a good deal in my opinion.
...
I've used the experience to diversify my holdings and engage in day trading/swing trading a little more. I won't deny when you've stared at the charts and orderbooks, it's tempting to dive in. Experience is a blessing in this game and whilst I brace myself for the long wait (8 weeks) for PARTICL to hit exchanges, I accept I'm going to be holding this one for a very long time in crypto world; 9 months.
I don't think it's worth selling the PARTICL token so soon, given all the potential, all the recent transparency, all the videos and casts/communications explaining what PARTICL is and the likelihood that this will continue. The SDC development may have been shrouded in secrecy but it looks like PARTICL is going to be a much more transparent and open affair.
I will personally be reverting to a pattern of holding (and possibly accumulating) ETH, PART and REP whilst trading in other alts over varying time frames. That says something about my market biases but I will say I've learnt that having no biases is more important to making money in this space overall. It hurt that I'd spent a lot of time wrapped up in SDC and I'm sad to see it go but diversifying and choosing the path I have has helped greatly and recovered my unrealised gains when SDC was at $5.
...
To those that got burned buying SDC at the top remember there's opportunity in every asset to pump. Even BTCD (Bitcoin Dark) pumped 1000% to $11 after it been abandoned by the devs. The reality is that markets are stupid (like mobs are stupid) because the bulk of traders that comprise them are untrained and follow patterns rather than lead or anticipate them. Look at other assets trading in the cryptospace; >100-200% losses can be quickly recovered in 1-2 smartly timed and executed trades.
I am not saying buy SDC. Now is a terrible time to do so. Instead if you want to play a game of profit with other people's stupidity, just watch the chart, daily trading volume and order book for a while and see if someone is attempting to accumulate and pump it. The API exchange bots will continue their business of automated trading to settle price to the mean but it might be an opportunity.
That said this is an awful idea when you consider how many and how often other alt coins will pump in value. Hedging with some mental stop losses and conditional sells (I never enter conditional buy/sell orders on Poloniex or Bittrex as I personally believe they monitor the books) can prove profitable if you are patient, willing to wait months on each asset and check the prices daily, selling when the almost inevitable 100% rise comes. Remember the average return on a traditional stock index is 10% PA - 100% PA is a good return in contrast for what is essentially a stress free strategy.
...
I am increasingly bullish on PARTICL. I even have some suggested solutions to their potential problem of attracting vendors:
...
So keep that in mind. I believe the future of blockchain technology lies not in being a currency but in providing services and platforms to implement real world fundamental change; whether this makes markets more efficient, decentralised and secure or increases accessibility to ownership rights and investment potential I believe the platforms that will succeed in the longer term are those that attempt to draw non-speculative revenue into their ecosystem.
So many crypto-tokens are obsessed with being currencies. That to me shows a real lack of imagination (and a get rich quick, screw other people over mentality) among many developers in the cryptospace. That said projects like Ethereum, Particl, Augur, ARK, Library Credits (and quite a few others) transcend these tendencies and provide the real future of this space.
Similarly I hope the new class of chains which take advantage of the masternode/PoS mechanisms and implement self-funding budgets like PIVx/DASH/Decred and now Stratis use those growing budgets (both in coin number and exponentially in coin price) to interface with the real world in some way and fund public development, small businesses and acquire real estate and utilities similar to corporations that acquire such assets to increase their intrinsic value and create a perpetuating and stimulated real-world economy that rewards the token holders of those participating chains (see this article I wrote here: https://www.reddit.com/pivx/comments/657ej2/i_hope_pivx_aspires_to_be_more_than_just_a/).
Anyway I'm done for now. Catch me on the next upcoming trollbox podcast (https://twitter.com/trollboxpodcast) where I make a guest appearance and talk at length about the above!
Trade well,
Joskye
...
Full disclosure:
Disclaimer: All prices and values given are as of time of posting. I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), PARTICL (PART), ICONOMI (ICN), Augur (REP), Digix (DGD), PIVx, ARK, DCR, LBRY.
submitted by joskye to cryptotrader [link] [comments]

What I Have Learned So Far ITT

I am no trader, I am no developer, I am an ETH-head.
This is what I have learned within 6 weeks of lurking the thread and trading, please correct me if I am wrong or missing out on something major.
DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin https://www.youtube.com/watch?v=gjwr-7PgpN8
DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo
DEVCON1: Keynote and Ethereum roadmap https://www.youtube.com/watch?v=BUARih8_f68
5 Reasons Why We Invested In Ethereum (ETH) https://www.youtube.com/watch?v=U29f8ks13l8
That cool, new website https://www.ethereum.org/
What can I do to help the Ethereum network grow?
submitted by mrmaxxx1984 to ethtrader [link] [comments]

Congratulations PARTICL team! - 16-04-2017 (PART/SDC trading analysis post crowdfund completion)

Well the PARTICL crowdfund is officially over and in spite of some doubts I had during week 2 and 3 of this 4 week event, they managed to fill all their funding milestones!
-This means the outstanding 1.49 million SDC will be converted to PART and 80% of it will be redistributed to the crowd funder participants (the other 20% of this pot will go to the dev wallet).
In other words anyone who bought SDC at <$1.60 (and swapped it for PART) got a good deal in my opinion.
...
I've used the experience to diversify my holdings and engage in day trading/swing trading a little more. I won't deny when you've stared at the charts and orderbooks, it's tempting to dive in. Experience is a blessing in this game and whilst I brace myself for the long wait (8 weeks) for PARTICL to hit exchanges, I accept I'm going to be holding this one for a very long time in crypto world; 9 months.
I don't think it's worth selling the PARTICL token so soon, given all the potential, all the recent transparency, all the videos and casts/communications explaining what PARTICL is and the likelihood that this will continue. The SDC development may have been shrouded in secrecy but it looks like PARTICL is going to be a much more transparent and open affair.
I will personally be reverting to a pattern of holding (and possibly accumulating) ETH, PART and REP whilst trading in other alts over varying time frames. That says something about my market biases but I will say I've learnt that having no biases is more important to making money in this space overall. It hurt that I'd spent a lot of time wrapped up in SDC and I'm sad to see it go but diversifying and choosing the path I have has helped greatly and recovered my unrealised gains when SDC was at $5.
...
To those that got burned buying SDC at the top remember there's opportunity in every asset to pump. Even BTCD (Bitcoin Dark) pumped 1000% to $11 after it been abandoned by the devs. The reality is that markets are stupid (like mobs are stupid) because the bulk of traders that comprise them are untrained and follow patterns rather than lead or anticipate them. Look at other assets trading in the cryptospace; >100-200% losses can be quickly recovered in 1-2 smartly timed and executed trades.
I am not saying buy SDC. Now is a terrible time to do so. Instead if you want to play a game of profit with other people's stupidity, just watch the chart, daily trading volume and order book for a while and see if someone is attempting to accumulate and pump it. The API exchange bots will continue their business of automated trading to settle price to the mean but it might be an opportunity.
That said this is an awful idea when you consider how many and how often other alt coins will pump in value. Hedging with some mental stop losses and conditional sells (I never enter conditional buy/sell orders on Poloniex or Bittrex as I personally believe they monitor the books) can prove profitable if you are patient, willing to wait months on each asset and check the prices daily, selling when the almost inevitable 100% rise comes. Remember the average return on a traditional stock index is 10% PA - 100% PA is a good return in contrast for what is essentially a stress free strategy.
...
I am increasingly bullish on PARTICL. I even have some suggested solutions to their potential problem of attracting vendors:
...
So keep that in mind. I believe the future of blockchain technology lies not in being a currency but in providing services and platforms to implement real world fundamental change; whether this makes markets more efficient, decentralised and secure or increases accessibility to ownership rights and investment potential I believe the platforms that will succeed in the longer term are those that attempt to draw non-speculative revenue into their ecosystem.
So many crypto-tokens are obsessed with being currencies. That to me shows a real lack of imagination (and a get rich quick, screw other people over mentality) among many developers in the cryptospace. That said projects like Ethereum, Particl, Augur, ARK, Library Credits (and quite a few others) transcend these tendencies and provide the real future of this space.
Similarly I hope the new class of chains which take advantage of the masternode/PoS mechanisms and implement self-funding budgets like PIVx/DASH/Decred and now Stratis use those growing budgets (both in coin number and exponentially in coin price) to interface with the real world in some way and fund public development, small businesses and acquire real estate and utilities similar to corporations that acquire such assets to increase their intrinsic value and create a perpetuating and stimulated real-world economy that rewards the token holders of those participating chains (see this article I wrote here: https://www.reddit.com/pivx/comments/657ej2/i_hope_pivx_aspires_to_be_more_than_just_a/).
Anyway I'm done for now. Catch me on the next upcoming trollbox podcast (https://twitter.com/trollboxpodcast) where I make a guest appearance and talk at length about the above!
Trade well,
Joskye
...
Full disclosure:
Disclaimer: All prices and values given are as of time of posting. I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), PARTICL (PART), ICONOMI (ICN), Augur (REP), Digix (DGD), PIVx, ARK, DCR, LBRY.
submitted by joskye to CryptoMarkets [link] [comments]

BTC-E trollbox 4/29/2017 Bitcoin: Beyond The Bubble - Full Documentary - YouTube BITCOIN TROLLBOX LIVE! BITCOIN PARABOLIC!?!?! leverage ... Poloniex trollbox streaming API Node.js try1 VISA Crashes and What it means for Crypto  Trollbox Trades HitBTC

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BTC-E trollbox 4/29/2017

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