Gather All the Pieces To Take the Billion - Winklevoss ...

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Blockchain is a Lie — Just Another World Run by the Rich ???

Blockchain is a Lie — Just Another World Run by the Rich ???

Blockchain is a Lie — Just Another World Run by the Rich


https://preview.redd.it/iutln8o0g1j21.jpg?width=706&format=pjpg&auto=webp&s=09f1810ab6f679d61ec558dc1ef9089860cf8e52

Image: Bitcoin billionaires, The Winklevoss Twins

Follow the Money

More than just an alternative business model, blockchain represents ideology — a system in which the individual is no longer at the mercy of dominant institutions that control the flow of power, money, and data. If blockchain deteriorates into another world run by those who control the majority of the assets, it’s intent has been neglected and it has no reason to exist.

Within chains managed by Proof-of-Work and Delegated Proof-of-Stake consensus algorithms, this is the reality. Users tout decentralization, rights of the individual, abandoning banks and more, but then fall into a system promoting the very same values they are rebelling against.

PoW and DPoS are plutocracies in disguise. The former is at the mercy of firms that can afford the most hashing power, and the latter suppressed by those with the most currency.

Whoever can afford to mine the most controls the flow in PoW systems — there’s no room for the individual with a starter setup having a say. Either invest a years salary or get lost. In the DPoS system, the irony is even more baffling: the people with the most currency ultimately get to write history.

Is this still the blockchain world we want? Trading one system controlled by a ruling minority for another shouldn’t be in the discourse.

Steadying Blockchains Ideological Path

Blockchains growth will remain stunted unless the focus is shifted away from Proof-of-Work and Delegated Proof-of-Stake based consensus algorithms.

The November BCH hashing wars that produced two new chains via hard fork, BCHABC and BSV, left many speculating over governing issues within the PoW world. Differences in principles have made this side of the blockchain vulnerable — anyone with a large enough following is able to hold everyone else hostage. Chain sustainability isn’t guaranteed due to the ease in which conflicting parties can force a hard fork.

Those that preach DPoS put our future into the hands of 21 supernodes — corruption practically hard coded into the EOS genesis block. Everyone yearns for profit and power, making the have-nots pawns in the game controlled by those at the top.

https://preview.redd.it/rlr14523g1j21.png?width=990&format=png&auto=webp&s=7cf8205df04d39d94046c61b3fa942bf20689de7

A Blunt Account of Blockchain Management

Blockchain governance is defined as follows:

“The ways in which collective action can be achieved by public communities and key stakeholders — particularly those regarding the revision of past agreements. “

In view of the lack of a decentralized and de-identified digital platform supporting the “one person, one vote system”, the governance of the chain is often seen as a plutocracy — currency and computing power are king.

According to an article written by Vitalik Buterin, blockchain governance systems must be innately anti-plutocratic.

Not only is on-chain coin-based governance inconsistent with user interests, it is also antithetical to the ethos of public blockchains. The blockchain is for the public, to serve the public interest. It isn’t for cryptocurrency whales to get more rich. Cryptocurrency holdings (like wealth in global society) is highly concentrated in the hands of a very small number of people. The blockchain isn’t supposed to be owned by anyone… nevermind by a small group of super rich individuals. — Buterin

The interests of those who hold the wealth and those who actually use the blockchain are inherently different.

In theory, blockchain could provide an equal playing field where the world isn’t controlled by large institutions only acting for profit and belittling the rights of individuals. When power becomes concentrated by those holding the most currency or with the most hashing power, users who continue to praise these systems are working against their own interests.

The culture of blockchain implies egalitarian management. Anything else must be abandoned.

https://preview.redd.it/33cmf726g1j21.png?width=1170&format=png&auto=webp&s=6b013f14df05c987dedb4907b1f29fc338b1ecfc

Either we want it, or we don’t

The current state of blockchain is a farce. Either we want a new system where power is decentralized, or we don’t. Pushing the ethics of the centralized systems that have shaped our world for the worse within the blockchain space only perpetuates the virus that is elitism — sucking world of its resources and milking the chain for every satoshi it’s got.

The increased amount of ICOs in 2017 gave hope. Surely the competition would have promoted further developments — someone would have realised the bad traits trickling into blockchain- but only disappointment followed.

What should have been the start of a blockchain renaissance, turned into a money grabbing free-for-all, with scams, poorly designed products, and reckless teams becoming the norm.

But we do want it, we really do. We want the system as it was intended to be: quick, decentralized, egalitarian. A platform on which to build the next era of society.

This stepping stone comes in the form of Bitconch. Backed by Turing and Nobel laureates, offering 120,000TPS, anti-plutocratic governance, and an ecosystem based on egalitarian values, Bitconch has the speed, security, and morals needed warm the Crypto Winter.

Bitconch Solves the Issue of Governance

The Proof-of-Reputation (PoR) consensus algorithm developed by Bitconch creates a quantified reputation value (Bit-R) based on three dimensions: social behavior, currency holding time, and community contribution. Users with reputations within the top 5% then have an opportunity to take part in the consensus. This system more accurately mirrors the natural world — individuals who are more trustworthy, contribute to their communities, and build relationships with those around them are incentivised to continue doing so.

Money and the size of resources are no longer a consideration, which dissolves the power that the elite have over governing the chain and eliminates the possibility of bribery. Instead, there is room for devoted lower and middle class users to take part in the consensus, making the chain maintained by the people and for the people. The conflicting interests of currency holders and chain users, therefore, does not arise.

Reputation makes for a conscientious ecosystem and reduced conflicts of interest supports ecosystem sustainability.

https://preview.redd.it/2thjk0s7g1j21.png?width=2033&format=png&auto=webp&s=ea6d44f837959dd5bf57529ccc78d5a62699b731

Bitconch Solves the Speed Bottleneck

If the speed of the platform is not scaled to the needs of the users, usage will ultimately fall flat. A blockchain is meant to be used, and chains with slow speeds are simply not practical.

BLAZE (Bitconch Ledger Access Zero-delay Extension) allows for the simultaneous verification of multiple blocks through factoring the operation into five unique yet concurrent phases — fetching data, decoding, hashing, stating the change, and finally writing data. When BLAZE is coupled with PoR, the Bitconch platform offers 120,000TPS — making it a platform able to support extensive amounts of traffic.

https://preview.redd.it/1zgopb09g1j21.png?width=1064&format=png&auto=webp&s=311788e98e73dc56737f2c5be2a5dc89d30a749b

However, the current focus of the blockchain world should not be on pushing TPS speeds as high as possible. Developers and users alike have lost their way, once again falling victim to the very plutocracy that catalyzed the emergence of blockchain.

The ideology producing these platforms urges for the rights of the individual over the concentration of power in a few. It doesn’t matter if the flow of money is controlled by a few institutions in the current global economy or by a few mining firms in the blockchain world — once power is taken from the individual, we must dissolve the system.
submitted by dongchpp to BitConch [link] [comments]

02-27 04:53 - 'Blockchain is a Lie — Just Another World Run by the Rich ???' (self.Bitcoin) by /u/dongchpp removed from /r/Bitcoin within 0-6min

'''

Blockchain is a Lie — Just Another World Run by the Rich


[link]1

Image: Bitcoin billionaires, The Winklevoss Twins

Follow the Money

More than just an alternative business model, blockchain represents ideology — a system in which the individual is no longer at the mercy of dominant institutions that control the flow of power, money, and data. If blockchain deteriorates into another world run by those who control the majority of the assets, it’s intent has been neglected and it has no reason to exist.

Within chains managed by Proof-of-Work and Delegated Proof-of-Stake consensus algorithms, this is the reality. Users tout decentralization, rights of the individual, abandoning banks and more, but then fall into a system promoting the very same values they are rebelling against.

PoW and DPoS are plutocracies in disguise. The former is at the mercy of firms that can afford the most hashing power, and the latter suppressed by those with the most currency.

Whoever can afford to mine the most controls the flow in PoW systems — there’s no room for the individual with a starter setup having a say. Either invest a years salary or get lost. In the DPoS system, the irony is even more baffling: the people with the most currency ultimately get to write history.

Is this still the blockchain world we want? Trading one system controlled by a ruling minority for another shouldn’t be in the discourse.

Steadying Blockchains Ideological Path

Blockchains growth will remain stunted unless the focus is shifted away from Proof-of-Work and Delegated Proof-of-Stake based consensus algorithms.

The November BCH hashing wars that produced two new chains via hard fork, BCHABC and BSV, left many speculating over governing issues within the PoW world. Differences in principles have made this side of the blockchain vulnerable — anyone with a large enough following is able to hold everyone else hostage. Chain sustainability isn’t guaranteed due to the ease in which conflicting parties can force a hard fork.

Those that preach DPoS put our future into the hands of 21 supernodes — corruption practically hard coded into the EOS genesis block. Everyone yearns for profit and power, making the have-nots pawns in the game controlled by those at the top.

[link]2

A Blunt Account of Blockchain Management

Blockchain governance is defined as follows:

“The ways in which collective action can be achieved by public communities and key stakeholders — particularly those regarding the revision of past agreements. “

In view of the lack of a decentralized and de-identified digital platform supporting the “one person, one vote system”, the governance of the chain is often seen as a plutocracy — currency and computing power are king.

According to an article written by Vitalik Buterin, blockchain governance systems must be innately anti-plutocratic.

Not only is on-chain coin-based governance inconsistent with user interests, it is also antithetical to the ethos of public blockchains. The blockchain is for the public, to serve the public interest. It isn’t for cryptocurrency whales to get more rich. Cryptocurrency holdings (like wealth in global society) is highly concentrated in the hands of a very small number of people. The blockchain isn’t supposed to be owned by anyone… nevermind by a small group of super rich individuals. — Buterin

The interests of those who hold the wealth and those who actually use the blockchain are inherently different.

In theory, blockchain could provide an equal playing field where the world isn’t controlled by large institutions only acting for profit and belittling the rights of individuals. When power becomes concentrated by those holding the most currency or with the most hashing power, users who continue to praise these systems are working against their own interests.

The culture of blockchain implies egalitarian management. Anything else must be abandoned.

[link]3

Either we want it, or we don’t

The current state of blockchain is a farce. Either we want a new system where power is decentralized, or we don’t. Pushing the ethics of the centralized systems that have shaped our world for the worse within the blockchain space only perpetuates the virus that is elitism — sucking world of its resources and milking the chain for every satoshi it’s got.

The increased amount of ICOs in 2017 gave hope. Surely the competition would have promoted further developments — someone would have realised the bad traits trickling into blockchain- but only disappointment followed.

What should have been the start of a blockchain renaissance, turned into a money grabbing free-for-all, with scams, poorly designed products, and reckless teams becoming the norm.

But we do want it, we really do. We want the system as it was intended to be: quick, decentralized, egalitarian. A platform on which to build the next era of society.

This stepping stone comes in the form of Bitconch. Backed by Turing and Nobel laureates, offering 120,000TPS, anti-plutocratic governance, and an ecosystem based on egalitarian values, Bitconch has the speed, security, and morals needed warm the Crypto Winter.

Bitconch Solves the Issue of Governance

The Proof-of-Reputation (PoR) consensus algorithm developed by Bitconch creates a quantified reputation value (Bit-R) based on three dimensions: social behavior, currency holding time, and community contribution. Users with reputations within the top 5% then have an opportunity to take part in the consensus. This system more accurately mirrors the natural world — individuals who are more trustworthy, contribute to their communities, and build relationships with those around them are incentivised to continue doing so.

Money and the size of resources are no longer a consideration, which dissolves the power that the elite have over governing the chain and eliminates the possibility of bribery. Instead, there is room for devoted lower and middle class users to take part in the consensus, making the chain maintained by the people and for the people. The conflicting interests of currency holders and chain users, therefore, does not arise.

Reputation makes for a conscientious ecosystem and reduced conflicts of interest supports ecosystem sustainability.

[link]4

Bitconch Solves the Speed Bottleneck

If the speed of the platform is not scaled to the needs of the users, usage will ultimately fall flat. A blockchain is meant to be used, and chains with slow speeds are simply not practical.

BLAZE (Bitconch Ledger Access Zero-delay Extension) allows for the simultaneous verification of multiple blocks through factoring the operation into five unique yet concurrent phases — fetching data, decoding, hashing, stating the change, and finally writing data. When BLAZE is coupled with PoR, the Bitconch platform offers 120,000TPS — making it a platform able to support extensive amounts of traffic.

[link]5

However, the current focus of the blockchain world should not be on pushing TPS speeds as high as possible. Developers and users alike have lost their way, once again falling victim to the very plutocracy that catalyzed the emergence of blockchain.

The ideology producing these platforms urges for the rights of the individual over the concentration of power in a few. It doesn’t matter if the flow of money is controlled by a few institutions in the current global economy or by a few mining firms in the blockchain world — once power is taken from the individual, we must dissolve the system.
'''
Blockchain is a Lie — Just Another World Run by the Rich ???
Go1dfish undelete link
unreddit undelete link
Author: dongchpp
1: i.redd**t/**lc*6ffg1j21*jp* 2: i**edd*it/l5cg*djjg*j*1.p*g 3: ****dd.it/ll**89kl*1j21.png 4: i.r***.it/92z*o21sg1*2*.p*g 5: i.*edd.*t*hsjrc0dtg1*21*p**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Thinking of selling Bitcoin, please do yourself a favor and and WATCH this short video...

If you own Bitcoin and are thinking of selling please do yourself a favor and WATCH this short video, they explain everything you need to know about Bitcoin and where it's headed in the near and long term!
http://video.foxnews.com/v/5692125734001/?#sp=show-clips
These guys currently own $1 Billion USD in Bitcoin, and are daring Wall Street to Short BTC and put their money where their mouth is.
They got in in 2013 and still holding long term, Saying Bitcoin has a much higher value than the global gold market which is an over $6 trillion USD market cap! Currently sitting at less than 5% of the Global Gold Market. So they are convinced there is still a massive amount of growth down the road.
For anyone who doesn't know, these are the guys who started ConnectU with Zuckerburg as their coder. To which they claim he then stole the idea from them and started Facebook without their knowledge. They actually sued Facebook and won $65 Million USD. They are now worth over $1 billion from their Bitcoin investment. Feeling strongly it will continue to rise and is not a bubble. Challenging any of the naysayers to put their money where their mouth is and short it.
Cameron and Tyler Winklevoss, thought to be among the largest holders of bitcoin, said the advent of futures is just the beginning of a phase of greater acceptance for the cryptocurrency that is often derided as a bubble.
“We think it’s the starting gun to a whole new phase of liquidity and price discovery and sophisticated entrance to the market,” Tyler Winklevoss said during a Bloomberg Television interview.
The Winklevoss twins are co-founders of the Gemini exchange, which Cboe Global Markets Inc. is using as the basis for the daily settlement for the bitcoin futures that began trading this week.
The Winklevoss brothers said in 2013 that they owned almost $11 million worth of bitcoins. If they retained that stake it would be valued at about $950 million today, according to the Bloomberg Billionaires Index. The ranking calculates they each have a $1.1 billion fortune as of Monday after taking into account other assets.
submitted by dmj1653 to Bitcoin [link] [comments]

Bitcoin Manipulation Warning, Potential Advice, Studies, and Logic

Dear reader, I have been interested in the recent BTC sideways purchasing and selling that has lasted for days, which then results in a dip after 2-3 days. This pattern has been continually happening over the past few weeks and seemed relatively suspicious to me. After talking to many previous investors, friends, and family who have invested in other market booms (Silver, Stocks, ETC) Many confirmed the same thing and gave me the same advice for what to do with my money, BTC, and what I should do to gain a better understanding of the current market.
To start, I went online and perused the various markets and the buy/sell quantities that are leading to the dips and spikes. Looking at the first picture provided by, http://bitcoin-analytics.com/, a price history viewer, the past 24 hours have been filled with the same thing the past weeks have had. Low ball offers to try and find the bottom. TO BE CLEAR, this is NOT a lack of interest, but rather a sign of manipulation of the market where big money is being used to sell off at a higher price, and buy when it drops right after. The top Green circles' show larger dips that what is expected from the average seller and holder of BTC, where the value of BTC fluctuates down 12 Million $ in a matter of minutes on this one sight, which because of the respective prices across the market, can attribute to 6% of the value of BTC... which is extreme for any market, much less an individual. Unless the Winklevoss Twins started cashing out, which they could be doing to manipulate the value, leads me to the belief of either an organizational manipulation of the value.
Next, I looked at yearly corrections and when they take place. Every year, they occur in the spring interestingly enough. Provided is 2015-2018 when BTC was beginning to become popular.
After this, I talked to different investors from different fields. This is where every buyer should be aware of what I like to call the "Bear Case." Please, try and understand their point of view if you can. It's a pivotal piece of the BTC market, and shouldn't be underestimated.
Many Bears simply want out of the market. They have made enough profit to the point of comfort, to where they do not see the point in potentially losing more money. These investors who either independently invested or invested in the futures market. Without confidence they will make a profit, small or large, they simply want their money back. This leads to pressure on the future owners and investors to sell, sell, sell. The leaders of futures, corporations, and other individuals see the market rebounding right after the sell and see the opportunity to join them on selling short-term and rebuying right after which hurts the trust put into the new idea of an online currency.
This can be seen in the daily proclamations of Bitcoins death, doom and gloom, ETC that is published by editorials on random sites with little credibility or information of the publisher, much less their stake in the crypto game.
My advice, which I am following based on history, independent study, and logic lead me to the conclusion that BTC has to go up from here or fail. Miners are no longer making money on mining, BTC bears are taking over, and mainstream media coverage will kill bitcoin before it can be used as it was meant to be used; A virtual currency.
I will be purchasing more BTC, and recommend buying in the 6600-7100$ range, in light of what I consider to be a Bear Case overreaction and what I expect to be a price correction to 8000$ in the next 5 weeks, and upwards from there assuming BTC does not crash and burn.
I believe we need universal regulation or NO regulation at all to support the ability for minors, all adults, and all countries support this adoption of new technology. Without universal ability to BUY, SELL, and TRADE, BTC has no use. Either it needs to be able to be bought and sold anonymously, without any regulation, or it needs to be accepted everywhere without fluctuating prices to the point of unusability. This point can be up for discussion, and please leave a comment on your take on either the market or universal adoption!
I know the market is doing poorly, but if you thought my research is worth a tip, toss me a coin. I appreciate it but I don't expect, or believe in, charity or a free meal. Thanks for taking time from your day to read my "article."
BTC : 1NNMMLdWWGSjA1PtPfBqbNv85dxfrRpXDN LTC: Lb6oVHcwmvtkRr984rpSLC5ypMppHeSALD
All pictures are in a Google slideshow, Reddit seems to be limiting me to only one picture or video.
https://docs.google.com/presentation/d/10UzCI7i0f8UIHJxUprWHLtJQvmcRqdjqgEXci4NAisA/edit?usp=sharing
submitted by Poozle01 to btc [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

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The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - YouTube Bitcoin entrepreneurs Tyler and Cameron Winklevoss. - YouTube The Winklevoss Twins Just Became Bitcoin Billionaires ... Winklevoss Twins on Bitcoin  CNN Business - YouTube Winklevoss Twins Bitcoin Billionaires Movie Confirmed - Fidelity: Institutional Investors Own Crypto

The Winklevoss twins made waves earlier this year after an independent audit confirmed that they were the first confirmed “bitcoin billionaires.” Accordingly, it’s no secret that this makes the Winklevii a big target for kidnappers and ransomers who’d be keen on taking the bitcoins the twins have been accruing since 2012. Who Owns Bitcoin Universe: From Satoshi Nakamoto to Winklevoss Twins and More Even with Bitcoin heading into the mainstream, its still hard to know who owns it. The transparency of Bitcoin goes a long way in determining the price of the digital currency, as much of the market movement can be put down to where the money is moving. However, it is a lot harder to figure out to whom the money is ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Tyler and Cameron Winklevoss. The Winklevoss twins are well known for the failed attempt to take control of Facebook and the current push to launch Bitcoin backed ETFs. The two made a purchase of $11 million USD worth of Bitcoin back in 2013, totaling to 1% of the total Bitcoins at the time. Their investment in BTC could potentially be worth over $400 million USD as per Forbes calculations. 5 ... Bitcoin Billionaires Movie to Tell the Winklevoss Twins’ Story. The Winklevoss brothers have teamed up with Stampede Ventures to bring their best-selling biography, ‘Bitcoin Billionaires’ to the big screen. CoinMarketCap Users Says Exchange Rankings Make No Sense. CoinMarketCap is a renowned cryptocurrency and exchange data aggregator ...

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The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - YouTube

What do you think about privacy coins? Monero? ZCash? Grin? ️ Get $50 in MCO when you stake 50 MCO using my code: AARON (gotta enter it manually) ️Or use this link to sign up directly: https ... The wild and true story of the Winklevoss twins’ second act- and how they went from being the bad guys in the social network to being worth billions and laun... They became famous as the privileged pair of Harvard athletes who believe Mark Zuckerberg stole their idea for Facebook. Now, entrepreneurs Cameron and Tyler... Cameron and Tyler Winklevoss sit down with John Biggs to discuss Wall Street's attitude toward bitcoin, their new bitcoin exchange, and their bitcoin-based e... These guys turned $11 million into a $1 billion windfall. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to...

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