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Were initial backers given $893,201 worth of tokens at a 31.48% discount rate above (5000 XBT / BTC)? What was that 'initial price'? Was it denominated in Bitcoin? Is it the same as the 'initial price' in Pool A?
Edit: $612,000 at a 31.48% discount. (Thanks Mrs Breitman). Section 4.2 of the overview states: "These backers are thus being allocated a specific number of tokens based on the initial price (bonus included)" regarding pool B. This generates two important questions, I think deserve to be cleared up. I could find no reference to "initial price" regarding pool A. For legal purposes, clear definitions of key terms are incredibly important.
Is the initial price of pool A the same as pool B? (5000 XBT per BTC).
Can backers from pool B sell any of their tokens to those in pool A during the ICO? Thus netting, if in the last bonus period, 1.3148*1.2 (57% return) on their initial investment, providing there is enough liquidity (which is very likely).
Edit: Final answers summarising the team's comments below: 1. Yes, the initial price denominated in BTC is the same for both pool A and pool B, although pool B will receive an additional 31.48% discount in addition to their XBT in the first bonus period (20%). 2. Backers cannot do this. https://www.tezos.com/static/papers/Tezos_Overview.pdf
Transcript of how Philip the tyrant admin of the Bitcoin Cash Telegram group called Spoice stupid, an idiot, a parrot among other insults then banned her instead of discussing Bitcoin Cash. That Telegram group is hostile, ABC/IFP shills run and follows the rBitcoin toxic censorship modus operandi.
David B., [18.10.20 01:46] https://www.reddit.com/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/ David B., [18.10.20 01:47] Wut x2 J Stodd, [18.10.20 01:49] [In reply to David B.] Their words are meaningless. They have no principles. Wish i could comment but bitcoinxio banned me from rbtc and never told me why David B., [18.10.20 01:59] These comments are so toxic Spoice, [18.10.20 01:59] In reality, the real continuation of Bitcoin as we all know it is what is carried on by BCHN, BU, BCHD and others Spoice, [18.10.20 02:00] ABC is changing the rules to something that is not Bitcoin Spoice, [18.10.20 02:00] anyone denying those facts is selling you snake oil Spoice, [18.10.20 02:00] If Blockstream tried to take some % to their own benefit, we would have never needed BCH in the first place Spoice, [18.10.20 02:00] everyone would have rejected them in a second J Stodd, [18.10.20 02:01] [In reply to Spoice] Bitcoin Cash is not Bitcoin to start with, so who cares? David B., [18.10.20 02:01] [ Album ] Spoice, [18.10.20 02:01] yet we have ABC trying to pull this theft and all those puppets think it's ok Spoice, [18.10.20 02:01] JSTodd that's bullshit David B., [18.10.20 02:01] Like trying to talk to a core maxi about altcoins Spoice, [18.10.20 02:01] Bitcoin Cash is the most Bitcoin out of all Bitcoins Spoice, [18.10.20 02:01] it is the continuation of what Satoshi started David B., [18.10.20 02:02] Tbh they aren't even toxic Michael Nunzio, [18.10.20 02:02] [In reply to Spoice] If the hash follows then it is Bitcoin Cash. Only if it doesn't is your claim true J Stodd, [18.10.20 02:03] [In reply to Spoice] Bitcoin is Bitcoin. Bitcoin failed to be Peer to Peer Cash, so Bitcoin Cash attempted to fix this by forking Bitcoin and attacking the root of the problem. This does not mean Bitcoin Cash is literally Bitcoin. Adopt a different argument. Sorry if you bought into that bc of Rogers rantings J Stodd, [18.10.20 02:05] Bitcoin Cash can replace Bitcoin, and if Bitcoin dies and BCH wins then sure maybe it can take its name from its grave, but they are different products, trying to say Bitcoin stopped being "Bitcoin" and became BCH is a self contradiction. Jingles, [18.10.20 02:08] Jstodd's got some good points. Jingles, [18.10.20 02:08] He's learnt so much in the last year ☺️ Spoice, [18.10.20 02:08] "Bitcoin is Bitcoin" is a false statement. BTC is just an instance of Bitcoin. Bitcoin is the set of rules defined in the whitepaper first and foremost, it is peer to peer electronic cash. BTC no longer fits that criteria. Bitcoin Cash meets them. The fork proposed by ABC also fails to meet that criteria. Therefore the continuation of Bitcoin is in whatever BU, BCHN, Flowee and others will continue. Jingles, [18.10.20 02:09] What rules were defined in the WP? Spoice, [18.10.20 02:10] Let's see which rules aren't: 1) No coinbase tax going to any centralized entity such as ABC 2) No throttling of TX throughput such as BTC Spoice, [18.10.20 02:10] therefore they both fail the simple "Is this Bitcoin?" test Spoice, [18.10.20 02:11] Finally, Michael, if you think Hash rate defines what Bitcoin is, you should stick to BTC Jingles, [18.10.20 02:11] 21 million coins isn't in the WP Jingles, [18.10.20 02:11] I asked what rules did the WP define. Spoice, [18.10.20 02:12] Because BCH failed that criteria since it forked, therefore your point is wrong Spoice, [18.10.20 02:12] https://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html Spoice, [18.10.20 02:12] The announcement of the white paper included the 21 million limit, close enough Jingles, [18.10.20 02:12] HIs announcement isn't the WP Spoice, [18.10.20 02:12] show me where Satoshi said that Amaury shoudl tax the chain? Spoice, [18.10.20 02:12] Doesn't matter- close enough Jingles, [18.10.20 02:12] Bitcoin is the set of rules defined in the whitepaper first and foremost - You Jingles, [18.10.20 02:13] My ears pricked up on that comment, so I'm asking you what you meant. Spoice, [18.10.20 02:13] Correct. Changing the 21 million hard limit is still more Bitcoin than taxing the Coinbase, yet both will never ever happen. Not to Bitcoin anyway Jingles, [18.10.20 02:13] If you meant Satoj's writings pre and post WP then you should be clear about it Spoice, [18.10.20 02:13] some bastardized chain might, just not Bitcoin Jingles, [18.10.20 02:14] The closest we have to anything to indicate what is "Bitcoiness" is general things like "the longest chain" Spoice, [18.10.20 02:14] No, it is never a single thing David B., [18.10.20 02:15] REEEE Jingles, [18.10.20 02:15] trustless, no single trusted third parties, and rules can change due to incentives via consensus Spoice, [18.10.20 02:15] it is a set of common sense and experiment driven and historical relevance and initial parameters and "peer to peer electronic cash" definition indicators Spoice, [18.10.20 02:15] never a single thing Jingles, [18.10.20 02:16] [In reply to Spoice] This is like the exact opposite of what you said earlier Jingles, [18.10.20 02:16] Bitcoin is defined by the rules in the WP, I mean common sense. Jingles, [18.10.20 02:16] 🤷♂️ Spoice, [18.10.20 02:16] Nope, the rule set is defined in the white paper should never change, but I never said all rules are defined in the white paper Jingles, [18.10.20 02:16] What rules? Spoice, [18.10.20 02:16] It is a union Jingles, [18.10.20 02:17] What rules are there? Spoice, [18.10.20 02:17] Rules in the white paper + what continued to define Bitcoin thereafter J Stodd, [18.10.20 02:17] [In reply to Spoice] > "Bitcoin is Bitcoin is a false statement." Alas, if we cannot agree on the law of identity, aka A=A, then i dont understand how to hold a conversation with you using logic. > BTC is an instance of Bitcoin No, BTC is a ticker used optionally by exchanges. Other common tickers for bitcoin include XBC, XBT, BC (correct me if im wrong on any of these) > "Bitcoin is a set of rules in the whitepaper" Super hard to defend this. Theres no mention of a 21M supply cap, no blocksize limit *at all*, and it also says additional rules and incentives can be enforced (implying maybe they should). Jingles, [18.10.20 02:17] I go through this with BSVers all the time. We have no spec sheet of rules defining what Bitcoin is from Satoshi. Spoice, [18.10.20 02:18] Rules such as what defines a correct block, miners receiving the full incentive of mining it, etc Jingles, [18.10.20 02:18] The WP is a highlevel document Spoice, [18.10.20 02:18] The WP is a description of a scientific experiment Spoice, [18.10.20 02:18] if you want to start your own experiment, be my guest Jingles, [18.10.20 02:18] [In reply to Spoice] Valid tx rules aren't defined in the WP Spoice, [18.10.20 02:18] just don't try to call it Bitcoin Jingles, [18.10.20 02:19] The word majority is in the WP an awful lot wouldn't you say? Spoice, [18.10.20 02:19] Not valid TX rules, but what a proof of work block is and how it diverts the reward to the miner, etc Jingles, [18.10.20 02:20] [In reply to Spoice] and? what about BTC doesn't apply? Jingles, [18.10.20 02:20] I'm not arguing for any fork of BCH here. Spoice, [18.10.20 02:20] It no longer meets the very title of the white paper experiment, "Peer to peer electronic cash" Spoice, [18.10.20 02:20] The BTC instance of the experiment is destined to move away from the very title of the white paper Jingles, [18.10.20 02:20] It's electronic, and I use it like cash. Spoice, [18.10.20 02:20] that the maintainers even wanted to edit the white paper (Cobra and co) because of this fact J Stodd, [18.10.20 02:20] u/Spoice When did BTC stop being Bitcoin in your view? The day Amaury decided to launch the fork, before Segwit happened? If someone else launched a fork first, they would have been "the real bitcoin"? This is a game of whoever forks first becomes the real Bitcoin? What if two people launched a fork at the exact same time, maybe even with identical specs? Jingles, [18.10.20 02:21] Where did I go wrong? Jingles, [18.10.20 02:21] [In reply to Spoice] Did they? Spoice, [18.10.20 02:21] Doesn't matter if you use it today, its very technical fabric will have to move your transactions to 2nd layers and it will no longer be peer to peer electronic cash on chain Jingles, [18.10.20 02:21] peer to peer electronic cash on chain - Not in the wp Jingles, [18.10.20 02:22] We have satoj talking about HFT with sidechannels. Jingles, [18.10.20 02:22] So what? Jingles, [18.10.20 02:23] I think this is a good discussion Phil, nothing disrespectful is being said. I hope this is ok? Spoice, [18.10.20 02:23] Doesn't matter, the rule of common sense, which is closer to that title? Increasing a simple variable (Blocksize) to stay on track of the title and experiment, or introduce IOUs and Watchtowers and channels and locked BTC and that whole LN Bastardization? Which is close to the title? Jingles, [18.10.20 02:23] No one said that can't happen Michael Nunzio, [18.10.20 02:24] [In reply to Spoice] Congratulations you've made an argument which isn't an argument. Jingles, [18.10.20 02:25] The whole thing that was said was the system is based on majority rules, and incentives can be changed. Majority breaks any deadlock. David B., [18.10.20 02:25] How to kill a coin 101 Spoice, [18.10.20 02:25] Logic fails anyone who tries to claim BTC, ABC, BSV or any similar standalone experiments as Bitcoin, because of simple sanity checks and logic checks, often stemming out of common sense - If what you have moves you a single step away from what is otherwise the same old experiment which Satoshi wrote about and unleashed, you're not Bitcoin. If what you have moves you a step closer, it is Bitcoin. and so on and so forth. Phlip - Not giving away coins, [18.10.20 02:25] Wow, really fanatical almost religious statements. I guess its Sunday morning. Jingles, [18.10.20 02:27] [In reply to Spoice] There's nothing common about common sense. You point to the WP to make a point, and your point isn't in there. Spoice, [18.10.20 02:27] Throttled and you need off-chain IOUs and always-on services to function (BTC) ? Not Bitcoin. Requires permission to be used and could be centrally confiscated on the whim of the organization behind it (BSV)? Not Bitcoin. Premined (Bitcoin Gold, Diamond)? Not Bitcoin. Taxing the miners through Coinbase and changing the incentives which were at play since day 0 (ABC)? Not Bitcoin Spoice, [18.10.20 02:27] simple checks really, yet those who are set to benefit will of course be oblivious to these Phlip - Not giving away coins, [18.10.20 02:28] This whole “Bitcoin Cash is the true Bitcoin - see whitepaper” is really stupid. It also ignores the history of how Bitcoin Cash came into existence Jingles, [18.10.20 02:28] Phillip, remove anyone here that has said Bitcoin Gold was the original Bitcoin immediately Jingles, [18.10.20 02:28] ^^^^ Jingles, [18.10.20 02:29] [In reply to Phlip - Not giving away coins] It falls to pieces the moment it's questioned. Spoice, [18.10.20 02:29] It is not about "True" Bitcoin Spoice, [18.10.20 02:30] It is about the Bitcoin closest to the experiment which always was Spoice, [18.10.20 02:30] I don't care about "True" or not, they all are true Phlip - Not giving away coins, [18.10.20 02:30] [In reply to Jingles] Sorry, I hve stopped reading all the sillyness above. Will reread later Jingles, [18.10.20 02:30] [In reply to Phlip - Not giving away coins] I'm joking around 😂 Spoice, [18.10.20 02:30] but the rule of entropy says I shouldn't place my money nor effort in experiments which are set to fade eventually, because they have skewed incentives Phlip - Not giving away coins, [18.10.20 02:31] [In reply to Spoice] You get to chose that for yourself but you do not get to dictate it for others David B., [18.10.20 02:31] [In reply to Phlip - Not giving away coins] Don't read it. You will have no braincells left Spoice, [18.10.20 02:31] Bitcoin as we know it has a long track record of incentives which work Spoice, [18.10.20 02:31] I won't ever dictate it for others Spoice, [18.10.20 02:31] I only would dictate it for myself, just like how I never use BTC or BSV today, I won't use ABC tomorrow Spoice, [18.10.20 02:32] only because they're new experiments Spoice, [18.10.20 02:32] interesting, and I wish them luck Jingles, [18.10.20 02:32] "Bitcoin is Bitcoin" is a false statement - Spoice 2020 Spoice, [18.10.20 02:32] but I would rather stick to the Bitcoin I know Spoice, [18.10.20 02:32] that's all Jingles, [18.10.20 02:32] I won't ever dictate it for others - Also Spoice Phlip - Not giving away coins, [18.10.20 02:32] Bitcoin Cash came with a plan snd goals. They were clearly presented in two presentations that happened before viabtc announced they would mine with ABC software and create a coin and chain named Bitcoin Cash Spoice, [18.10.20 02:32] Yes, because he means BTC is Bitcoin, and that's a false statement Jingles, [18.10.20 02:32] How is it false? Spoice, [18.10.20 02:32] It is an instance of Bitcoin Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33] [In reply to Michael Nunzio] you're looking intimidatingly handsome in your new profile picture Phlip - Not giving away coins, [18.10.20 02:33] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] Lol Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33] [In reply to J Stodd] actually a good question Spoice, [18.10.20 02:34] Anyway, those are my two cents Spoice, [18.10.20 02:34] Everyone is free to choose which experiments to pour their effort on and their money in Phlip - Not giving away coins, [18.10.20 02:34] [In reply to Spoice] You are entitled to your opinion. Spoice, [18.10.20 02:34] Andreas is publishing Lightning Network books, I mean Spoice, [18.10.20 02:34] So to each his own Phlip - Not giving away coins, [18.10.20 02:35] [In reply to Spoice] Lets leave it at that Spoice, [18.10.20 02:35] but Bitcoin as I know it continues with no Tax, and that in my opinion is BCH with no tax Phlip - Not giving away coins, [18.10.20 02:35] Ah you had to continue Phlip - Not giving away coins, [18.10.20 02:36] Good thing no tax is proposed by anyone Spoice, [18.10.20 02:35] Isn't this the Bitcoin Cash telegram? Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:35] 😅 Spoice, [18.10.20 02:36] If I don't discuss Bitcoin Cash here, where should I? Spoice, [18.10.20 02:36] Tax, IFP, call it what you will Spoice, [18.10.20 02:36] from my perspective as a user, it's one the same J Stodd, [18.10.20 02:36] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] I bet nobody will answer it, either Phlip - Not giving away coins, [18.10.20 02:37] [In reply to Spoice] Apparently btc /s David B., [18.10.20 02:37] [In reply to Spoice] As a user what do you care? Jingles, [18.10.20 02:37] Ooh, can I shill the Bitcoin room in here? Spoice, [18.10.20 02:37] Nah, I prefer quick responses and chats Spoice, [18.10.20 02:37] Reddit is broken Phlip - Not giving away coins, [18.10.20 02:37] [In reply to Jingles] Lol J Stodd, [18.10.20 02:37] [In reply to Spoice] Nobody even pays it, it just comes out of the block reward. The block reward is not sentient, it cannot be stolen from or wronged Phlip - Not giving away coins, [18.10.20 02:37] Dont push your luck 😉 Jingles, [18.10.20 02:37] [ 😀 Sticker ] Michael Nunzio, [18.10.20 02:38] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] You too brother. 🙏 Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] [In reply to Michael Nunzio] but mine is the same....i need new ones everyone always calls me fat because of this one Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] literally if i say 1 thing to any troll anywhere first thing they say is "ok fatass" Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] i blame this dumb photographer Michael Nunzio, [18.10.20 02:38] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] Don't listen. Phlip - Not giving away coins, [18.10.20 02:39] u/spoice maybe write a read.cash article if you really feel you need to educate people Spoice, [18.10.20 02:39] David, as a user I believe that each new experiment carries risk with it, why should I take part in a new fork of Bitcoin which has a new set of game-theory rules which doesn't even benefit me, rather it benefits some other entity which will take 5% of any effort or economic activity I produce on this chain? They're also off-loading the risk to me as a usebuildebusiness who choose to join their experiment. Spoice, [18.10.20 02:40] Why should I take that risk while the Bitcoin I know and have known for over 10 years worked perfectly for me thus far? (BCH, that is) Jingles, [18.10.20 02:40] small fees and empty blocks? Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41] It will insure that a centralized group has control over development and they are by decree in the code, it's a literal take over. Phlip - Not giving away coins, [18.10.20 02:41] [In reply to Spoice] “BSV-freeze the protocol - true Bitcoin” sounds like more your thing David B., [18.10.20 02:41] [In reply to Spoice] Better run bitcoin core 0.1 Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41] Imagine if satoshi keyd his address in the code to be paid out of every block, but instead of paying himself started a company "Bitcoin Dev Co" Spoice, [18.10.20 02:42] Not really, BSV kills the incentives I am discussing too Phlip - Not giving away coins, [18.10.20 02:42] [In reply to Jingles] Please stay nice now Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42] No one would ever be able to say Bitcoin was Decentralized, Bitcoin Dev Co would get paid directly from the reward. Jingles, [18.10.20 02:42] [In reply to Phlip - Not giving away coins] "BSV: We have all the Bad Idea. On chain" Spoice, [18.10.20 02:42] The Nash equilibrium we have tested for the past 10 years will be changed with ABC, it changed with BTC and BSV too Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42] "Bad Solutions Verified" Spoice, [18.10.20 02:42] that game-theory set of incentives Spoice, [18.10.20 02:43] why would I want to take a risk with any of those experiments when I gain 0? David B., [18.10.20 02:43] Better run bitcoin core 0.1 Spoice, [18.10.20 02:43] Nope, you're talking technical freezing of development, that's not what I am addressing Jingles, [18.10.20 02:43] [In reply to David B.] Thats the BTC chain though Phlip - Not giving away coins, [18.10.20 02:43] [In reply to Spoice] O please share with us your background in the subject. Or are you now just parroting others Spoice, [18.10.20 02:44] BSV wants to freeze the technical development and they want a stable protocol from an API/development perspective Spoice, [18.10.20 02:44] but from an incentive ruleset perspective, they already butchered the equilibrium Bitcoin had Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:44] [In reply to Phlip - Not giving away coins] That's one of those phrases, when you hear it you know they are just a parrot of someones propaganda. "MUH NASH EQUILIBRIUM!" David B., [18.10.20 02:44] Stable = bad? Jingles, [18.10.20 02:45] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] I love you Spoice, [18.10.20 02:45] Philip, for an admin you are ought to be nicer, if you think I am parroting others you're free to think that, but to state it so bluntly in your position is just... wrong Spoice, [18.10.20 02:46] If you think the point I made is wrong, discuss it Phlip - Not giving away coins, [18.10.20 02:46] [In reply to Jingles] Maybe talk to him in DM about that?😉 Spoice, [18.10.20 02:46] not me Jingles, [18.10.20 02:46] [In reply to Phlip - Not giving away coins] working on it. Phlip - Not giving away coins, [18.10.20 02:46] [In reply to Spoice] I ought to be nicer...😂😂😂 Spoice, [18.10.20 02:47] Also, anyone who studied Bitcoin at length and its set of incentives and game-theory ruleset should know what a Nash Equilibrium is and who the players are in the Bitcoin game Phlip - Not giving away coins, [18.10.20 02:47] [In reply to Spoice] You state as fact. You get to dhow why your statements or opinions are even relevant. Spoice, [18.10.20 02:48] If it's not a fact, highlight how Spoice, [18.10.20 02:48] don't attack me Spoice, [18.10.20 02:48] prove me wrong Spoice, [18.10.20 02:48] if you fail that simple debate test David B., [18.10.20 02:48] How's that breakfast helping? Spoice, [18.10.20 02:48] you should rename from Janitor to Tyrant Jingles, [18.10.20 02:48] I'm still waiting to see the defined rules as per the wp Michael Nunzio, [18.10.20 02:49] [In reply to Spoice] Didn't know this was stand up comedy night in here. Michael Nunzio, [18.10.20 02:49] I missed the memo Phlip - Not giving away coins, [18.10.20 02:49] If I have to prove all idiots on the internet wrong I would have a hard time. You are starting to really waste everybody’s time. You state, you prove. Or you are just generating noise Phlip - Not giving away coins, [18.10.20 02:50] [In reply to Spoice] Be careful now. Michael Nunzio, [18.10.20 02:50] Noisy bugger. Phlip - Not giving away coins, [18.10.20 02:52] Getting close to just do some cleaning up. Spoice, [18.10.20 02:52] If you can't debate technical points I am making about Bitcoin Cash on a Bitcoin Cash Telegram, and within the span of 10 minutes you called me stupid, idiot, noisy and a parrot, you absolutely are a tyrant and I stand by my point: You should not be an admin here, nor anywhere actually. If you think I should be careful for the fear of you banning me, go ahead. You still fail to debate the simplest technical point and yet claim you can "but can't be bothered to". You remind me of that Thermos guy. Spoice, [18.10.20 02:53] How do people with 0 technical know how end up in these admin positions is beyond me Jingles, [18.10.20 02:53] I challenged your comments and you just changed the goal posts. Phlip - Not giving away coins, [18.10.20 02:53] [In reply to Spoice] Ok. You are not paying me and you are free to create noise elsewhere
https://preview.redd.it/vrq329h41vs51.png?width=1000&format=png&auto=webp&s=a9cdd74e5bfd8c7ca678fcb6663d37d87bc9f7b2 With the dramatic increase in the number of traders and investors in Canada that are using PrimeXBT, one question has been asked recently more than others which is whether PrimeXBT is safe for Canadian traders. The number of Canadian users at PrimeXBT has been growing rapidly throughout 2020 as a sign that the tools and features on the platform are opening up new opportunities for interacting in the market in more optimal ways. This guide covers whether or not PrimeXBT is safe for Canadian traders, and looks at some of the features and tools of the platform. The Canadian Market in 2020 Like much of the rest of the world, the Canadian market has seen some of the highest levels of all volatility in 2020 that have been seen in many years, or even at all throughout the history of cryptocurrency. The Canadian market has seen renewed growth following the contractions throughout 2018 and much of 2019 when the global bear market in the cryptocurrency space drove many retail investors back out of the market after the exponential growth of 2017. This has led many Canadian traders to wonder whether we are on the brink of another major bull run as was seen both in 2017 as well as 2013, and that would potentially see the price of Bitcoin driven up to the range of $50,000 or more. The Exponential Growth of PrimeXBT With the backdrop of the excitement within the global cryptocurrency market in general, and the Canadian cryptocurrency market more specifically, PrimeXBT has been perfectly positioned for exponential growth since its launch in early 2018. The platform initially launched at the start of 2018 with a waiting list of more than 150,000 traders, and this showed the interest in the platform that was present even before it came onto the market. As a result of the unique tools and features provided by PrimeXBT, it has grown exponentially over the past few years to become the world’s leading multi-asset margin trading platform and today managing up to $2 billion worth of global trade every day. What is PrimeXBT? https://preview.redd.it/iax449j91vs51.png?width=1000&format=png&auto=webp&s=24ea73d33d4f74afedf75a55b5a51967e95dea04 PrimeXBT is a margin trading-centric platform that provides high leverage trading on a wide range of cryptoassets as well as many of the world’s leading traditional assets. Traders at PrimeXBT are able to access up to 100X leverage on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS. This is whilst also being able to access up to 500X leverage on a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil. PrimeXBT: Security Features From a security perspective, PrimeXBT is one of the leading trading platforms in the crypto market, and has built a strong reputation for being a safe and reliable platform to trade on. Much of this is as a result of the bank-grade security features that are implemented throughout PrimeXBT that include mandatory Bitcoin address whitelisting and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher. By working to add advanced security solutions throughout its platform, PrimeXBT has shown a strong commitment to protecting the funds and data of its users. PrimeXBT: Security Track Record While there are many other platforms in the cryptocurrency space that have suffered devastating hacks over the past 2 or 3 years, PrimeXBT is one of a small number of top tier platforms that have remained hack-free throughout this period. A good example of this is the Binance hack in 2019 that saw the platform lose more than $40 million of its users’ funds, and more recently the KuCoin hack where more than $150 million was lost by that platform. In contrast, PrimeXBT has never been hacked and has never been breached by hackers and as such remains as one of the most trusted platforms in the market, having a clean security track record. PrimeXBT: Excellent Customer Support In 2019, a study of the top 5 crypto margin trading platforms found that PrimeXBT has the best customer service of all 5, and also was the only platform out of the 5 to have full marks for all for metrics. These metrics were politeness, responsiveness, helpfulness, and the range of different communication channels that were available to users. By having an excellent customer support structure, PrimeXBT has ensured that its users are able to get fast and easy solutions to the problems and that there is always a direct line of communication open with the admin at the platform to be able to effectively deal with any issues that arise. Other Advantages of Using PrimeXBT PrimeXBT also provides a number of other advantages that are unique to the platform including providing the lowest fee schedule of any major cryptocurrency trading platform in the market with a low flat rate of 0.05% applied to all trades, irrespective of the size of a trade or the asset being traded. As well as this, PrimeXBT’s users can enjoy a robust trading engine that is built into the core of the PrimeXBT platform and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms. PrimeXBT also has a unique 4-tier referral program where the traders can generate revenue streams from direct referrals, as well as indirect referrals up to 4 levels deep, with this dramatically increasing the profitability of affiliate activities, and netting the top 3 affiliates on the platform more than $1 million in 2019. In Summary PrimeXBT is a safe and well-reputed trading platform for Canadian traders and this is the reason for its exponential growth of users and volume within Canada over the past months. As well as being a safe platform to trade at, PrimeXBT also provides a range of unique tools and features to use in order to maximize profitability in the cryptocurrency and traditional asset markets. To understand more about the security features on PrimeXBT that have protected its users, check out PrimeXBT’s Security page.
It is no doubt Grayscale’s booming popularity as a mainstream investment has caused a lot of community hullabaloo lately. As such, I felt it was worth making a FAQ regarding the topic. I’m looking to update this as needed and of course am open to suggestions / adding any questions. The goal is simply to have a thread we can link to anyone with questions on Grayscaleand its products. Instead of explaining the same thing 3 times a day, shoot those posters over to this thread.My hope is that these questions are answered in a fairly simple and easy to understand manner. I think as the sub grows it will be a nice reference point for newcomers. Disclaimer: I do NOT work for Grayscale and as such am basing all these answers on information that can be found on their website / reports. (Grayscale’s official FAQ can be found here). I also do NOT have a finance degree, I do NOT have a Series 6 / 7 / 140-whatever, and I do NOT work with investment products for my day job. I have an accounting background and work within the finance world so I have the general ‘business’ knowledge to put it all together, but this is all info determined in my best faith effort as a layman. The point being is this --- it is possible I may explain something wrong or missed the technical terms, and if that occurs I am more than happy to update anything that can be proven incorrect Everything below will be in reference to ETHE but will apply to GBTC as well.If those two segregate in any way, I will note that accordingly.
ETHE is essentially a stock that intends to loosely track the price of ETH. It does so by having each ETHE be backed by a specific amount of ETH that is held on chain. Initially, the newly minted ETHE can only be purchased by institutions and accredited investors directly from Grayscale. Once a year has passed (6 months for GBTC) it can then be listed on the OTCQX Best Market exchange for secondary trading. Once listed on OTCQX, anyone investor can purchase at this point. Additional information on ETHE can be found here.
So ETHE is an ETF?
No. For technical reasons beyond my personal understandings it is not labeled an ETF. I know it all flows back to the “Securities Act Rule 144”, but due to my limited knowledge on SEC regulations I don’t want to misspeak past that. If anyone is more knowledgeable on the subject I am happy to input their answer here.
How long has ETHE existed?
ETHE was formed 12/14/2017. GBTC was formed 9/25/2013.
How is ETHE created?
The trust will issue shares to “Authorized Participants” in groups of 100 shares (called baskets). Authorized Participants are the only persons that may place orders to create these baskets and they do it on behalf of the investor. Source: Creation and Redemption of Shares section on page 39 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here Note – The way their reports word this makes it sound like there is an army of authorizers doing the dirty work, but in reality there is only one Authorized Participant. At this moment the “Genesis” company is the sole Authorized Participant. Genesis is owned by the “Digital Currency Group, Inc.” which is the parent company of Grayscale as well. (And to really go down the rabbit hole it looks like DCG is the parent company of CoinDesk and is “backing 150+ companies across 30 countries, including Coinbase, Ripple, and Chainalysis.”) Source: Digital Currency Group, Inc. informational section on page 77 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here Source: Barry E. Silbert informational section on page 75 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
How does Grayscale acquire the ETH to collateralize the ETHE product?
An Investor may acquire ETHE by paying in cash or exchanging ETH already owned.
Cash: The investor pays the subscription amount in cash and the Authorized Participant will use that cash to purchase ETH.
ETH: The investor transfers the ETH to the Authorized Participant, which will contribute the ETH in-kind to the Trust.
Source: Creation and Redemption of Shares section on page 40 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Where does Grayscale store their ETH? Does it have a specific wallet address we can follow?
ETH is stored with Coinbase Custody Trust Company, LLC. I am unaware of any specific address or set of addresses that can be used to verify the ETH is actually there. As an aside - I would actually love to see if anyone knows more about this as it’s something that’s sort of peaked my interest after being asked about it… I find it doubtful we can find that however. Source: Part C. Business Information, Item 8, subsection A. on page 16 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Can ETHE be redeemed for ETH?
No, currently there is no way to give your shares of ETHE back to Grayscale to receive ETH back. The only method of getting back into ETH would be to sell your ETHE to someone else and then use those proceeds to buy ETH yourself. Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Why are they not redeeming shares?
I think the report summarizes it best:
Redemptions of Shares are currently not permitted and the Trust is unable to redeem Shares. Subject to receipt of regulatory approval from the SEC and approval by the Sponsor in its sole discretion, the Trust may in the future operate a redemption program. Because the Trust does not believe that the SEC would, at this time, entertain an application for the waiver of rules needed in order to operate an ongoing redemption program, the Trust currently has no intention of seeking regulatory approval from the SEC to operate an ongoing redemption program.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the fee structure?
ETHE has an annual fee of 2.5%. GBTC has an annual fee of 2.0%. Fees are paid by selling the underlying ETH / BTC collateralizing the asset. Source: ETHE’s informational page on Grayscale’s website - Located Here Source: Description of Trust on page 31 & 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the ratio of ETH to ETHE?
At the time of posting (6/19/2020) each ETHE share is backed by .09391605 ETH. Each share of GBTC is backed by .00096038 BTC. ETHE & GBTC’s specific information page on Grayscale’s website updates the ratio daily – Located Here For a full historical look at this ratio, it can be found on the Grayscale home page on the upper right side if you go to Tax Documents > 2019 Tax Documents > Grayscale Ethereum Trust 2019 Tax Letter.
Why is the ratio not 1:1? Why is it always decreasing?
While I cannot say for certain why the initial distribution was not a 1:1 backing, it is more than likely to keep the price down and allow more investors a chance to purchase ETHE / GBTC. As noted above, fees are paid by selling off the ETH collateralizing ETHE. So this number will always be trending downward as time goes on. Source: Description of Trust on page 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
I keep hearing about how this is locked supply… explain?
As noted above, there is currently no redemption program for converting your ETHE back into ETH. This means that once an ETHE is issued, it will remain in circulation until a redemption program is formed --- something that doesn’t seem to be too urgent for the SEC or Grayscale at the moment. Tiny amounts will naturally be removed due to fees, but the bulk of the asset is in there for good. Knowing that ETHE cannot be taken back and destroyed at this time, the ETH collateralizing it will not be removed from the wallet for the foreseeable future. While it is not fully locked in the sense of say a totally lost key, it is not coming out any time soon. Per their annual statement:
The Trust’s ETH will be transferred out of the ETH Account only in the following circumstances: (i) transferred to pay the Sponsor’s Fee or any Additional Trust Expenses, (ii) distributed in connection with the redemption of Baskets (subject to the Trust’s obtaining regulatory approval from the SEC to operate an ongoing redemption program and the consent of the Sponsor), (iii) sold on an as-needed basis to pay Additional Trust Expenses or (iv) sold on behalf of the Trust in the event the Trust terminates and liquidates its assets or as otherwise required by law or regulation.
Source: Description of Trust on page 31 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Grayscale now owns a huge chunk of both ETH and BTC’s supply… should we be worried about manipulation, a sell off to crash the market crash, a staking cartel?
First, it’s important to remember Grayscale is a lot more akin to an exchange then say an investment firm. Grayscale is working on behalf of its investors to create this product for investor control. Grayscale doesn’t ‘control’ the ETH it holds any more then Coinbase ‘controls’ the ETH in its hot wallet. (Note: There are likely some varying levels of control, but specific to this topic Grayscale cannot simply sell [legally, at least] the ETH by their own decision in the same manner Coinbase wouldn't be able to either.) That said, there shouldn’t be any worry in the short to medium time-frame. As noted above, Grayscale can’t really remove ETH other than for fees or termination of the product. At 2.5% a year, fees are noise in terms of volume. Grayscale seems to be the fastest growing product in the crypto space at the moment and termination of the product seems unlikely. IF redemptions were to happen tomorrow, it’s extremely unlikely we would see a mass exodus out of the product to redeem for ETH. And even if there was incentive to get back to ETH, the premium makes it so that it would be much more cost effective to just sell your ETHE on the secondary market and buy ETH yourself. Remember, any redemption is up to the investors and NOT something Grayscale has direct control over.
Yes, but what about [insert criminal act here]…
Alright, yes. Technically nothing is stopping Grayscale from selling all the ETH / BTC and running off to the Bahamas (Hawaii?). BUT there is no real reason for them to do so. Barry is an extremely public figure and it won’t be easy for him to get away with that. Grayscale’s Bitcoin Trust creates SEC reports weekly / bi-weekly and I’m sure given the sentiment towards crypto is being watched carefully. Plus, Grayscale is making tons of consistent revenue and thus has little to no incentive to give that up for a quick buck.
That’s a lot of ‘happy little feels’ Bob, is there even an independent audit or is this Tether 2.0?
Actually yes, an independent auditor report can be found in their annual reports. It is clearly aimed more towards the financial side and I doubt the auditors are crypto savants, but it is at least one extra set of eyes. Auditors are Friedman LLP – Auditor since 2015. Source: Independent Auditor Report starting on page 116 (of the PDF itself) of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here As mentioned by user TheCrpytosAndBloods (In Comments Below), a fun fact:
The company’s auditors Friedman LLP were also coincidentally TetheBitfinex’s auditors until They controversially parted ways in 2018 when the Tether controversy was at its height. I am not suggesting for one moment that there is anything shady about DCG - I just find it interesting it’s the same auditor.
“Grayscale sounds kind of lame” / “Not your keys not your crypto!” / “Why is anyone buying this, it sounds like a scam?”
Welp, for starters this honestly is not really a product aimed at the people likely to be reading this post. To each their own, but do remember just because something provides no value to you doesn’t mean it can’t provide value to someone else. That said some of the advertised benefits are as follows:
Access to trading within a tax advantaged retirement account
Institutions can easily and safely get exposure to crypto in a more legal-friendly manner
Ease of use for those who are not very technologically savvy
Ease of access for someone who doesn’t want to set up a Coinbase account
Perceived trust in institutional platforms over something like Coinbase or Kraken
Degen traders who just want access to the volatility ETHE provides that have no interest in crypto beyond that
So for example, I can set up an IRA at a brokerage account that has $0 trading fees. Then I can trade GBTC and ETHE all day without having to worry about tracking my taxes. All with the relative safety something like E-Trade provides over Binance. As for how it benefits the everyday ETH holder? I think the supply lock is a positive. I also think this product exposes the Ethereum ecosystem to people who otherwise wouldn’t know about it.
Why is there a premium? Why is ETHE’s premium so insanely high compared to GBTC’s premium?
There are a handful of theories of why a premium exists at all, some even mentioned in the annual report. The short list is as follows:
ETHE is NOT redeeming shares and as such doesn’t have an effective arbitrage mechanism
ETHE has a 1 year wait to be sold on the secondary market, again negating the ability to effectively arbitrage the premium
People may simply be willing to pay a premium for the benefits stated above.
Why is ETHE’s so much higher the GBTC’s? Again, a few thoughts:
ETHE hasn’t been around as long, so there is less secondary market supply to go around
ETHE was listed at an insanely high premium to begin with
ETHE might simply be more popular at the moment
Could just be sheer stupidity (investors think ETHE is a 1:1 ratio not 1:11)
Are there any other differences between ETHE and GBTC?
I touched on a few of the smaller differences, but one of the more interesting changes is GBTC is now a “SEC reporting company” as of January 2020. Which again goes beyond my scope of knowledge so I won’t comment on it too much… but the net result is GBTC is now putting out weekly / bi-weekly 8-K’s and annual 10-K’s. This means you can track GBTC that much easier at the moment as well as there is an extra layer of validity to the product IMO.
I’m looking for some statistics on ETHE… such as who is buying, how much is bought, etc?
There is a great Q1 2020 report I recommend you give a read that has a lot of cool graphs and data on the product. It’s a little GBTC centric, but there is some ETHE data as well. It can be found here hidden within the 8-K filings.Q1 2020 is the 4/16/2020 8-K filing. For those more into a GAAP style report see the 2019 annual 10-K of the same location.
Is Grayscale only just for BTC and ETH?
No, there are other products as well. In terms of a secondary market product, ETCG is the Ethereum Classic version of ETHE. Fun Fact – ETCG was actually put out to the secondary market first. It also has a 3% fee tied to it where 1% of it goes to some type of ETC development fund. In terms of institutional and accredited investors, there are a few ‘fan favorites’ such as Bitcoin Cash, Litcoin, Stellar, XRP, and Zcash. Something called Horizion (Backed by ZEN I guess? Idk to be honest what that is…). And a diversified Mutual Fund type fund that has a little bit of all of those. None of these products are available on the secondary market.
Are there alternatives to Grayscale?
I know they exist, but I don’t follow them. I’ll leave this as a “to be edited” section and will add as others comment on what they know. Per user Over-analyser (in comments below):
As asked by pegcity - Okay so I was under the impression you can just give them your own ETH and get ETHE, but do you get 11 ETHE per ETH or do you get the market value of ETH in USD worth of ETHE?
I have always understood that the ETHE issued directly through Grayscale is issued without the premium. As in, if I were to trade 1 ETH for ETHE I would get 11, not say only 2 or 3 because the secondary market premium is so high. And if I were paying cash only I would be paying the price to buy 1 ETH to get my 11 ETHE. Per page 39 of their annual statement, it reads as follows:
The Trust will issue Shares to Authorized Participants from time to time, but only in one or more Baskets (with a Basket being a block of 100 Shares). The Trust will not issue fractions of a Basket. The creation (and, should the Trust commence a redemption program, redemption) of Baskets will be made only in exchange for the delivery to the Trust, or the distribution by the Trust, of the number of whole and fractional ETH represented by each Basket being created (or, should the Trust commence a redemption program, redeemed), which is determined by dividing (x) the number of ETH owned by the Trust at 4:00 p.m., New York time, on the trade date of a creation or redemption order, after deducting the number of ETH representing the U.S. dollar value of accrued but unpaid fees and expenses of the Trust (converted using the ETH Index Price at such time, and carried to the eighth decimal place), by (y) the number of Shares outstanding at such time (with the quotient so obtained calculated to one one-hundred-millionth of one ETH (i.e., carried to the eighth decimal place)), and multiplying such quotient by 100 (the “Basket ETH Amount”). All questions as to the calculation of the Basket ETH Amount will be conclusively determined by the Sponsor and will be final and binding on all persons interested in the Trust. The Basket ETH Amount multiplied by the number of Baskets being created or redeemed is the “Total Basket ETH Amount.” The number of ETH represented by a Share will gradually decrease over time as the Trust’s ETH are used to pay the Trust’s expenses. Each Share represented approximately 0.0950 ETH and 0.0974 ETH as of December 31, 2019 and 2018, respectively.
$SLB - Solar Bankers - 180k market cap - p2p energy trading, solar panel producers & cloud storage providers
Not financial advice, I recommend you to do lots of research before you buy anything. This post represents my own opinion and is based on information published by the Solar Bankers team on their website or blog posts. Tokenomics:
Market Cap: ~180k USD
Price: ~0.03 USD
Circulating Supply: 6,068,800
Total Supply: 50,000,000
Hey guys, I wanted to show you a project, that I have been following for the last two years and that hasn't stopped developing although the project hasn't seen much interest from the crypto community lately. We are talking about Solar Bankers. What is Solar Bankers? Solar Bankers was founded in 2008. Prior to its initial coin offering in late 2017, the company spent multiple years on the research and development of photovoltaic (solar) modules. They have developed an innovative photovoltaic solution, on which they hold international patents for. They also aim to pair this technology with smart meters, to enable customers to produce and consume energy in a decentralized fashion through an energy trading app, which will use their token SLB as their application currency. Solar Module: Their flagship product is their solar panel DPV (Deflecting Photovoltaic), which is using a holographic foil in combination with the use of a significantly lower amount of silicon than in regular solar modules. In a pilot project in Dubai in 2018, the modules were tested to produce up to 60% more energy than standard installations. The technology has been patented in 2016, but is still in development. If you want to read more about the module and look into the patent: https://solarbankers.com/module.html Solar Nodes/Miners: Another product, that is not in development anymore, but has been manufactured and shipped since 2018 is their solar node. It consists of a solar panel, a battery and a Raspberry Pi, enabling the device to run on solar power only. These nodes can be bought from Solar Bankers and are used to confirm transactions on the blockchain. https://solarbankers.com/solar_node.html Cloud Storage Solution: They also developed a cloud storage solution, where users can store their data (videos, documents, pictures, etc.) and access their files from wherever they want. The cloud storage solution utilizes their token $SLB. https://solarbankers.com/get_started.html Blockchain technology: The project operates on its own blockchain based on Skycoin's blockchain technology. Therefore, transactions are nearly instant and tokenholders are incentivized with a parallel currency called SLB hours (each SLB receives 1 SLB hour per hour). These SLB hours can be used to pay transaction fees, which makes transactions on the Solar Bankers network basically free. Exchanges/Liquidity: Not being an ERC-20 token but operating on its own blockchain made it harder to get listed on exchanges, so the exchange situation sucks. The token is currently listed on only one decentralized exchange called XBTS, that is not tracked by Coingecko or CoinMarketCap. Therefore, the project is also not listed on those sites. Another point worth mentioning is, that the project has been offering to sell tokens over the counter for 25 cents per token, which is currently way above market price, but could limit the price from shooting up, although I think they might change the rate of OTC deals if that happens. This is the most liquid exchange pair, where SLB is traded against Bitcoin: https://ex.xbts.io/market/XBTSX.SLB_XBTSX.BTC Partnerships: The team has announced many partnerships over the last four years, of which I think the ones in Dubai and Turkey are the most significant. In July 2017, the team kicked off a pilot project in Dubai together with the Dubai Electricity and Water Authority (DEWA) to do performance testing of their devices in a high temperature environment. Their installation was measured to produce 60% more energy than standard solar panel installations. They formed another partnership in Turkey in 2018, where they received a grant from the Turkish government to develop a pilot of their p2p energy solution in Izmir, where they want to form a micro-grid system. Dubai: https://www.youtube.com/watch?v=4Gzq79T67tM Turkey: https://medium.com/@solar_bankers/update-from-turkey-421242e42958 Recent update: Solar Bankers published an update last week, where they announced that they have finalized a major restructuring. The team now consists of 11 members and is mostly based in Turkey. The work surrounding the energy trading platform has been accelerated since the beginning of 2020 and the team received another grant from the Turkish government. The blog post includes pictures of the smart meter and IoT installations and pictures of an alpha version of their p2p trading platform, so it is definitely worth checking out: https://medium.com/@solar_bankers/solar-bankers-update-e4ee3e9800bf Wrap-up: If that all sounds interesting to you, I would really recommend you to join the Telegram chat and talk with everybody there if you have any questions. The CTO is also very active in the chat and usually responds to questions. So, come join the chat: Telegram: https://t.me/solarbankersICO
History doesn't repeat but it sure does rhyme. What would this recession look like if it followed a similar time line to 2008?
2008 Global Financial Crisis Feb 2007: The first tremors start in the US subprime mortgage market in the US. September 2007: The first bank runs start with Northern Rock in the UK. March 2008: The first banks start collapsing with Bear Stearns. September 2008: Lehman Brothers files for bankruptcy. October 2008: Iceland's financial sector collapses. December 2008: Countries across the world start announcing they are in recession. May 2010: European debt crisis kicks off. It took 13 months to go from feeling the first tremors until the first banks started to collapse. Below is what todays crisis would look like laid out on a similar time line. 2020 Global Debt Crisis: September 2019: The first tremors start with a broken repo market in the US. Feb 2020: Covid19 speeds everything up throwing the world into recession. May 2020: The first of many sovereign debt crises unfold as Lebanon falls causing citizens to burn down their own central bank. October 2020: The first banks start collapsing. April 2021: The first banks start filing for bankruptcy. May 2021: Entire countries financial sectors start collapsing. July 2021: Countries across the world start falling into sovereign debt crises as their bond markets collapse and inflation spikes. December 2022: A global debt crisis has engulfed the world leading to worthless government bonds, 20% interest rates and runaway inflation everywhere. The IMF is trying to push its SDRs as the next global reserve currency while China is trying to get the world to adopt its new Gold backed Yuan. People have stopped measuring Gold and Bitcoin in fiat and now with fiat having hyperinflated the only currency pair on earth that matters is the Gold/Bitcoin pair. One ounce of gold can buy a new car and one bitcoin can buy 25 ounces of gold. The XBT/XAU rate is 25. This is now the only currency pair traded and reported on earth.
How Does PrimeXBT Help Traders Generate Profits In Ways That Other Platforms Don’t?
https://preview.redd.it/1uo03d0395n51.png?width=1000&format=png&auto=webp&s=47a8c8fc6a5f0029d7c648ef246aaceb0b032172 PrimeXBT is one of the true success stories of the cryptocurrency industry, having launched only 3 years ago and today growing to become the largest multi-asset margin trading platform on the market. The exponential growth of PrimeXBT to the point it’s at today has been largely as a result of providing opportunities to generate profit which other trading platforms have not. Let’s take a look at the innovative ways that PrimeXBT has provided advanced tools and features for its users, and the impact it’s had on its growth in the market. What’s Different About 2020? For much of the last 10 years of the life of cryptocurrency, trading platforms have faced limited competition and could largely dominate the market without much innovation being built into their systems. Throughout 2016 and 2017 there was a huge growth in the number of traders in the market, and this had a knock-on effect where the additional trading revenue that was available led to a huge influx of new trading platforms establishing themselves as well. This influx of competition has meant that only trading platforms that innovate are able to compete and secure a substantial amount of market share in the cryptocurrency space. PrimeXBT - The World’s Leading Multi-Asset Margin Trading Platform PrimeXBT has incorporated innovation into the fabric of its trading platform, with it being the first major cryptocurrency trading platform to focus solely on margin trading in the crypto space, and this in turn leading to a strong demand for its services. Over a relatively short period of time of 2 or 3 years, PrimeXBT has continually grown at an exponential rate as it has integrated more services providing greater value for traders. Today PrimeXBT has become the world's leading multi-asset margin trading platform, listing a wide range of cryptocurrencies and traditional assets and managing up to $2billion worth of global trade every day. Wider Variety of Assets to Choose From Unlike other platforms which focus only on cryptocurrencies, PrimeXBT lists a wide range of cryptoassets including BTC, ETH, XRP, LTC, and EOS, as well as a wide range of traditional assets like stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and forex pairs such as USD/EUR and AUD/CAD. Coupled with this has been PrimeXBT’s continual push to integrate new assets into its platform and over the course of the last few years has increased number of listed assets by more than 50% One of the most attractive reasons that traders have traded at PrimeXBT is the ability to use it as an efficient and seamless bridge between cryptocurrency space and the traditional asset market. Industry-Leading Margin Trading and high Leverage At its core, PrimeXBT is a margin-trading-centric platform that recognized the demand for advanced margin trading for features within the cryptocurrency market and built its services around that. Traders at PrimeXBT enjoy industry-leading leverage of up to 100X on a range of cryptocurrencies and up to 500X on a range of traditional assets, with this being significantly higher than in any other major platform in the market today. At a point in time when almost no other major cryptocurrency trading platforms provided margin trading, PrimeXBT was the first platform to build it into its systems in any kind of significant way, and as such has built a large and loyal following throughout the market. Secure Trading for Users PrimeXBT has also always focused on providing a secure environment for traders, with the platform having a better security track record than a majority of others in the industry. PrimeXBT incorporates a wide range of bank-grade security features into its services such as mandatory Bitcoin address whitelisting and cold storage of digital assets with multisignature technology. This has ensured that PrimeXBT has never been hacked and has not been breached by hackers, with the funds of its users remaining safe throughout this time of operation. In Summary PrimeXBT provides a unique trading environment for its users, with a wide range of different features and unique and powerful ways to generate profit in the cryptocurrency market. The innovation that has been built into PrimeXBT has been one of its major draw cards and it’s unique selling point for the past 2 or 3 years. To learn more about PrimeXBT and the tools and features available on the platform, check out this link.
BitSeven SIGN UP FREE https://tinyurl.com/yxwsucpz The fastest VPN TORGUARD 50% OFF FOR LIFE ENTER PROMO CODE- “ORACLE” at checkout WITH THIS LINK https://torguard.net/aff.php?aff=4534 DISCORD Yearly MEMBERSHIP: 0.20 BTC email [Teamus_[email protected]](mailto:[email protected]) It includes: Main chat where everyone can trade with Oracle and help each other Discord exclusive videos room. Daily Trade updates room where Oracle updates his positions throughout the day as he trades, as well as the daily market conditions so you will be able to trade accordingly. EVEN BETTER ORACLE Yearly FULL PACKAGE: 0.35 BTC Go for the full package get an education so you can master this from ORACLE personally! ORACLE PERSONAL 100X WAR CONSULTATION SESSION full package 0.35 BTC [Teamus_[email protected]](mailto:[email protected]) 100X TRADING DISCORD 100X WAR EDUCATION GROUP MEMBERSHIP, as well as a private session with me. When we are done you will be able to trade exactly like me. It includes: 1year discord membership + consultation. A live session with ORACLE where he shares his screen and de mystifies trading, anyone can do this regardless of their experience. We have taught people from around the world Full discord access + private war room where you get free personal ongoing help for life. Locked help room with over 450 people I've trained to successfully 100x trade. We are all here to help after the consult and make sure you are never alone Consult only recap videos to recap what you learned in person With the full package you will never need to spend another penny with me or anyone else ever and you will have a simple money-making skill for life Full package is 0.35 BTC. email my team to answer any questions you have before you book the consult. Teamus_[email protected] *DON’T BE SCAMMED BY FAKE Oracle groups! ORACLE is not in any other discord or telegram groups and will never ask you for money MY TWITTER https://twitter.com/BITMEXFASTMONEY BYBIT as a back up ,must use a vpn to sign up https://tinyurl.com/y932n77t The fastest VPN TORGUARD 50% OFF FOR LIFE ENTER PROMO CODE- “ORACLE” at checkout WITH THIS LINK https://torguard.net/aff.php?aff=4534 MY UNCENSORED CHANNELS - COCOSCOPE Oracle Bitcoin and Vag https://tinyurl.com/whel6j9 ( bitcoin giveaways to subs) COCSCOPE BITMEX FAST MONEY TRADER WAR ON THE 1 MIN CHART https://www.cocoscope.com/channel?i=1... THE ORACLE NETWORK: ORACLE YOUTUBE CHANNELS: subscribe and click notifications if you are not getting notifications unsubscribe then subscribe again and hit the notification bell BITMEX FAST MONEY TRADER https://tinyurl.com/tbezs7j ORACLE KINGPIN CRYPTO TRADER https://tinyurl.com/y2nbm9sz OMAX CRYPTO INTELLIGENCE REPORT https://tinyurl.com/y45696yz ORACLE FAST CRYPTO PASSIVE INCOME https://tinyurl.com/y8jk37eq VAG HACKER (about how to get laid duh) https://tinyurl.com/y6dno5eg CRYPTO CONSPIRACY NETWORK https://tinyurl.com/y29vfffq STOCKS COFFEE AND CRYPTO https://tinyurl.com/y7943x8h MAGIC AND MYTH https://tinyurl.com/y35v58aj REALTALK UNBOXING https://tinyurl.com/yy63b5g7 *DON’T BE SCAMMED BY FAKE Oracle groups! ORACLE is not in any other discord or telegram groups and will never ask you for money. There is no promise of performance or that you will have similar results. Your results are your own and based on your own decisions. Everything seen in any of my videos is based on my opinion and commentary only. - My channels are for entertainment purposes only Iam not a financial adviser nor am I recommending you invest in anything I talk about crypto is risky and has no guaranties. We can win or lose anything we put into crypto and you need to be aware of this. I make an affiliate commission if you do click an of my links and these affiliate commissions are available to anyone who shares a link. I am not a paid promoter and have never accepted payment or any sort of compensation for making my videos.
I’m about a month away from buying but I’m swimming in a pool of new info and just feel overwhelmed. In regards to buying xrp, what is the best way in 2020? Coin base is user friendly but there fees are too high. Additionally, the “Read Before You Post” section of this subreddit states that the best way to support xrp is to use your local currency and then lists Kraken as an acceptable exchange. Except, if I remember correctly, the only way to buy xrp on Kraken is to first buy XBT and then do an exchange. Finally, in one of the prior posts that I did read, someone recommended buying bitcoin on cash app and then exchanging for xrp but I believe they wrote the post when buying bitcoin on cash app was free. Nowadays, I believe cash app charges two fees for buying bitcoin. His strategy was a bit more nuance. He suggested buying bitcoin when it was on a downtrend and exchanging for xrp when it was on an uptrend relative to when you bought it. So far July ‘20, what do you consider the best way to buy xrp if you don’t want fees to add up? For example, xrp is listed for roughly 20 cents on a majority of exchanges but I believe one exchange has it listed for 7 dollars !!! which I don’t see how they could do that with a straight face. I look forward to your constructive help.
https://preview.redd.it/y8rey1n2cch51.png?width=1000&format=png&auto=webp&s=57a84dfe4b80edf888eda47803d2c452642d7f19 One thing that all of the major cryptocurrency trading platforms at the top of the industry have in common is the trust that the users and the community as a whole places in them. This is also something that clearly differentiates the best platforms in the cryptocurrency market from the rest, with the most trusted exchanges and brokerages building a loyal fan base and respect within the industry. We’re breaking down what makes a crypto trading platform trustworthy in 2020, and taking a look at a few examples of some of the most trusted cryptocurrency trading platforms. Hacking is Still a Big Concern in 2020 Far from being something of the past, hacking within the cryptocurrency industry is still a significant concern and a big problem for both trading platforms and users alike. As recently as this year and 2019, some of the largest cryptocurrency trading platforms have suffered hacks in the range of tens or hundreds of millions of dollars. Hacking is still one of the top concerns for anybody that interacts with the cryptocurrency market, and instead of the prevalence of hackers diminishing over the past years, if anything it has increased. Many of the Top Platforms Hacked Recently Far from it being only small training platforms that get hacked, some of the largest cryptocurrency trading platforms in the industry have been hacked over the past couple of years. Binance is one of the most prominent cryptocurrency exchanges, and was hacked in early 2019 with the platform suffering a loss of more than $40 million of their users’ funds in the process. Coinbene is another large cryptocurrency trading platform that has fallen afoul of hackers in the past two years, with it suffering a $160 million loss in 2019 as well. Platforms Implement Advanced Security There are however a number of examples of platforms that have implemented advanced security features and systems in order to remain hack-free and to protect the funds of their users. PrimeXBT is the world's leading multi-asset margin trading platform, and implements a wide range of bank-grade security features such as the mandatory Bitcoin address whitelisting and cold storage of digital assets with multi-signature technology. Because of this, PrimeXBT has ensured that in its years of its operation, it has never been hacked and has never been breached by hackers in any way, ensuring that users’ funds remain safe. Traders Select Platforms with Clean Security Track Records Traders and investors in the cryptocurrency space will always gravitate towards platforms that have never been hacked, being that it is the most sure fire way of being assured of the safety of a platform in comparison to others. Platforms such as PrimeXBT which have never been hacked, as well as others such as Kraken, have built a large and loyal following based on the understanding that users are safe to interact with the cooked a currency market on these platforms. As time goes on platforms that have never been hacked become rarer, as there is a continual stream of multi-million dollar hacks that we hear about, and this only works in the favor of those platforms that have effective security implemented. In Summary While there are a number of reasons that traders and investors select certain platforms to trade at, one of the most important considerations is the security of each platform. Even though generating profit is important, there is no point generating profit at a platform if it will just be lost to hackers, and therefore traders often pay particular attention to the track record of each platform with regards to security. PrimeXBT and Kraken are two examples of platforms that have never been hacked and that implement effective security measures in order to protect the funds of their users
Bitcoin is scarce, decentralized, and global digital money that cannot be censored.
Transactions generally cannot be reversed
Less than 21 million Bitcoin will exist
Bitcoin is highly divisible to allow for micro-transactions (up to 13 decimal places in a payment channel)
Bitcoin is an open, collaborative project that no company or government controls belonging to the people
Bitcoin is more than just money, but a secure timestamping ledger, payment rail, and smart contract platform
Do not respond to strangers messaging you with investment advice or offers and read how to avoid being scammed from the posts below.
Do not invest in Bitcoin until you do basic research, paid off all high interest debt, and have a emergency savings account of a stable fiat currency.
If investing do not expect to get rich quickly. You should expect to wait at least 1-2 years before taking profits. Bitcoin is currently very volatile. In the interim spend and replace Bitcoin because its a useful currency.
Beginners should avoid all mining and day trading until at least very familiar with Bitcoin. Mining is very professional(You cannot efficiently mine with your computer and need to buy special ASIC machines) and most people lose money day trading.
Never store your Bitcoins on an exchange or web wallet. Buy your bitcoins and withdraw it to your personal wallet where you actually own them instead of IOUs. Services like Robinhood and Revoult should be avoided because you cannot withdraw or use Bitcoin.
Make sure you make a backup of your wallet(software holding keys to your BTC) and preferably keep it offline and physical and private. Typically 12 to 24 words you write down on paper or metal. This onetime backup will restore all your keys, addresses , and Bitcoins on a new wallet if you lose your old wallet.
Beginners should avoid altcoins, tokens, and ICOs at least initially until they learn about Bitcoin. Most of these are scams and you should be familiar with the basics first. Bitcoin is referred to as BTC or XBT.
Note: Exchanges all have unique market prices and spreads so fees alone will not tell you the best rates. Best way is to directly compare the rates between exchanges. Buy fees above are for normal trading volumes. Verification and hold times can vary based upon lack of history, verification level or credit. More exchanges per location For a secure Decentralized Exchange (DEX) use https://bisq.network
Why Has PrimeXBT Become so Prominent in Australia All of a Sudden?
https://preview.redd.it/dicthy06cse51.png?width=1000&format=png&auto=webp&s=93278db034edd677515cf46c1cc58591f95bdb13 For many years, Australians have been a significant part of the global cryptocurrency market, however in the past few years there has been an exponential growth in the popularity of cryptocurrency trading and investing in Australia. While there has been a number of new platforms which have entered the market and are being used today by Australian traders to access cryptocurrencies globally, one platform stands out for the rapid growth of its user base within Australia. We’re taking a deeper look at PrimeXBT, the reason that it has had as much success as it has in the Australian cryptocurrency market over the past few years, and some of the tools and features on the platform. What is the Crypto Trading Landscape Like in Australia? https://preview.redd.it/x16vw2o7cse51.jpg?width=1000&format=pjpg&auto=webp&s=79122b4f4defae0281e45b2d26833062910b8d0c Australia has long been a global hub of cryptocurrency trading, and while this has been true since the earliest days of the creation of Bitcoin, it really has been over the past few years that the Australian market has expanded and matured significantly. For many years there have been one or two Australian-based trading platforms which completely dominated the market, however a trend that we’ve seen recently is that newer trading platforms have begun to provide advanced opportunities for generating profit in the cryptocurrency market. While local Australian trading platforms are beginning to grow in size as well, it has been most pronounced with international trading platforms that have been entering the Australian market and winning a significant amount of market share. PrimeXBT's Entry into the Australian Market https://preview.redd.it/7fuyvipbcse51.png?width=1100&format=png&auto=webp&s=8e2a5452e633dd2efe3330128ae3df4b4b77ef5b One such international trading platform has been the world's largest multi-asset margin trading giant, PrimeXBT, which has quickly risen over the past 3 years to manage up to $2 billion worth of global trade every day in 2020. As margin trading in the cryptocurrency market has become an essential tool that is used by a majority of traders, this trend has seen the popularity of platforms such as PrimeXBT increase dramatically over the past few years. Particularly in the last 6 to 9 months, PrimeXBT has increased the number of Australian traders using the platform as a response to the advanced services and features the platform provides. Fast Growth By Providing Advanced Features PrimeXBT is a margin-trading-focused platform that allows traders to access up to 100X leverage on a range of cryptocurrencies on the platform including BTC, ETH, XRP, LTC, and EOS, whilst also providing up to 500X leverage on the range of traditional assets including stock indices, forex pairs, and commodities from around the world. The platform has recently also moved into the cryptocurrency social trading market by releasing its Covesting Module, which allows traders and investors to create peer-to-peer Investment funds, allowing experienced cryptocurrency traders to let beginners copy their trades for a nominal fee. PrimeXBT also has a unique 4-tier referral program, where affiliates not only earn from their direct referrals, but also the referrals that their referrals make, for 4 tiers deep, and this dramatically increases the probability of affiliate activities for the platform. A Range of Benefits Enjoyed by Australian Traders https://preview.redd.it/hy5loxxccse51.png?width=1600&format=png&auto=webp&s=4d8be0c08ad89ecb3bf5bfeb0ba7337a107844b8 Traders are PrimeXBT also enjoy the lowest fees of any major cryptocurrency trading platform in the marketplace with a flat rate of 0.05% applied to all trades, irrespective of the size of the trade or of the asset class being traded. PrimeXBT also provides ability for users to quickly and easily transition funds between different asset classes across the cryptocurrency and traditional asset markets, as well as funding accounts with debit cards and credit cards. PrimeXBT also provides a streamline registration process that requires only an email address, and does not require any invasive private information in order to quickly and easily set up an account. In Conclusion The Australian cryptocurrency trading market has grown exponentially over the past few years as more traders are flooding into the market with the hopes of generating high profits and reliable income streams. Over the past year or 2 years PrimeXBT has seen significant growth within the Australian market, fuelled largely by the advanced features and tools that are provided by the platform. To learn more about PrimeXBT and about the features, tools, and services that are available on the platform, check out this link.
Hey guys, I bought a bunch of BCH at the very beginning (slightly after the split) and some more a bit after (December 2017) - close to the peak. Since then I've lost about 60-70% of my initial investment. It seems that Bitcoin has bounced back, hasn't lost that much of its value.. I am of the opinion that Bitcoin is the inferior technology and Bitcoin Cash would be the way forward, but BCH keeps dropping in value.. I think it would be silly to sell/exchange for XBT my current holdings now (which is pretty little anyway) as I'd be selling at a huge loss.. But I just don't see it ever bouncing back - due to the huge popularity of Bitcoin and main interest/media & mass coverage of original Bitcoin surrounding the original coin. To me it seems that all altcoins including BCH and ETH are always tied to XBT movements, it seems unlikely they will reach the values at the peaks of December-January 2017.. I'm currently holding BCH, ETH, Stellar. Any light in the tunnel for these exciting projects? What do you think? Edit: For the aggressive comments pointing out I can lose more than what I've committed, I obviously meant my holdings declined by as much as 60 to 70% - I clearly misexpressed myself.
What would happen if sovereign governments gave bitcoin a gold peg?
This is a totally theoretical post, but I believe it is a really interesting idea and would love to get the Internet's feedback on it, and what you think the ripple effects would be in the scenario described. Am very interested in writing this up and republishing it widely so it can be read by monetary policymakers in all major developed countries - if you know anyone like that, pass it on. In a move that would act like a bridge to a pre-Bretton Woods type of gold peg, (here is a great paper on a history of this in the US: https://fas.org/sgp/crs/misc/R41887.pdf) sovereign governments with gold holdings could (again, it is a theoretical idea - I am saying they COULD do this NOT that anyone or any country is doing this that I know of) establish open market operations to purchase bitcoins (partly as a diversification strategy) using their physical gold holdings at a fixed peg rate of 5 ounces per bitcoin. The reason I say 5 is because the current chart here seems to suggest that somewhat of a convergence to 5 oz is already occurring: https://www.xe.com/currencycharts/?from=XBT&to=XAU&view=10Y If any government did this and offered to buy physically delivered bitcoins from private holders of bitcoin (no other coins just BTC) in exchange for private delivery of physical gold, then the standard governmental unit of physical gold (held in places like Fort Knox) - known as the Good Delivery Bar which is 400oz of gold - could be procured by any holder of 80 or more coins in a secure and sanctioned exchange with the government in question - the most impactful of course would be if the US did this. My theory is that any time the exchange rate mechanisms in the forex or crypto markets violated the peg, there would be arbitrage opportunities that would bring the peg back in line. It would not only stabilize BTC, but the stabilization might spread via the 24/7 exchange rate mechanism in the crypto market to stabilize many cryptos that are still somewhat worthy experimental stores of value. Depending on the strength, credit, and depth of gold holdings of whatever governments engaged in this, it would seem that such a strategy could transform bitcoin into a new type of sound money, and also signal that owning bitcoin and gold is a priority of governments as well as their citizens. The gold standard was powerful both because it was tethered to something of limited quantity in the earth's crust with unique properties, but also because pre-Bretton Woods gold standards acted very much like a peg - and the government honored the peg no matter what. So in some sense it was still the "faith and credit of the government" that made that peg work so famously. I was partly inspired by this recent award-winning documentary www.inmoneywetrust.org in formulating this idea, and partly by my own academic interest in cryptocurrency. I believe bitcoin, above all others, because of its deflationary nature and algorithmically fixed quantity, is powerful all in itself - but with a peg from a real government to a real precious metal that many governments do in fact hoard (for whatever reason) - it could become both an international currency, and a form of truly sound money backed by governments' physical gold reserves and a legal or policy commitment to a peg of 5 ounces to 1 bitcoin. What do you all think would happen if a major government or many major governments did this? Remember the idea is to convince monetary policymakers in governments to willingly and openly bypass completely the fiat currencies of their governments and to make no informational commitment to those free-floating fiat markets for forex - so the bitcoins transacted for in the peg wouldn't be bought with dollars or yen or anything that could be printed by fiat. This would simply be a convertibility guarantee by major governments that 1 bitcoin, transferred to the Treasury by a private citizen or business (again so the Treasury could diversify holdings of sound money), would be convertible and be guaranteed to be convertible to 5 oz of physical, deliverable gold bullion (or 80 bitcoins per bar). Here is a list of the largest physical gold holders on earth who could theoretically engage in this type of operation: https://www.investopedia.com/ask/answers/040715/what-countries-have-largest-gold-reserves.asp Thanks Reddit! Looking forward to your thoughts! Alex Kaufman
Hello , In the last couple of days I have been considering to buy cryptocurrency. The plan is to invest a small amount around 50 to 75 euro into the cryptocurrency. I chose to invest a small amount because of the high volatility and the positive asymmetric risk involved. I also want to invest in it because I believe that it is a good hedge against the institutionalized system. With institutionalized system I mean the financial system and all the institutions that are connected with it. Why hedge against the financial system? Because given the current macro-economic trajectories and the possible action of central bank (CB) There is a possibility that the world of tomorrow might be looking a lot different then the world of today including the financial system => revaluation???: https://moderntimesinvestors.com/economics/debt-cycle-financial-crisis/ https://www.piie.com/sites/default/files/documents/pb19-18.pdf interesting invest talk: https://www.youtube.com/watch?v=WA1Ji-Hj1qo&feature=emb_rel_end Now that I have some grounds to base my decision on and have decided what to do , I need to invest in cryptocurrency. There are of course multiple ways to invest in cryptocurrency, but given the fact that I use Degiro , my options will be limited. What I found on investing in cryptocurrency using Degiro : shares:
price: 422,73 euro (fund is denominated in Swedisch Croner) AMUN BITCOIN CRYPTO SINGLE : https://21shares.com/product/abtc price: 48,02 dollar Warrants: OE Part.Z17(18/unl.) Bitcoin MiniL O.End Bitcoin 6390 , 10600, 6190,2835, 3374 , When I look at the options, I already want to leave out the warrants because they are expensive due to the high volatility. So no Warrants, the only two that remain are ETF's and shares. If we look at shares Bitcoin group SE is the better one of the two in my opinion given the fact that it is more vertically integrated into the bitcoin economy while cryptologic only does mining and is a penny stock which has had his high days I presume. Now I am less inclined to invest into a business than Bitcoin itself, because of the idiosyncratic risk that a company faces., but I must commit that Bitcoin group SE is a promising company : https://www.bitcoingroup.com/userfiles/downloads/HB2019/BitcoinGroup_HJB2019_EN.pdf This only leaves us to the ETF's or rather the ETP's . I cannot buy the Bitcoin tracker one because of the price thus this leaves only AMUN Bitcoin Crypto single in my options. Now I have only one options left which is not really a choice in my opinion: I cannot compare different ETF or Stocks with each other and cannot really decide if this is a good ETF or Stock compared to the rest of the market. So I was hoping if some of you guys can help me in:
finding other ETF or Stocks on Degiro that can be optional in my situation
PrimeXBT Turbo is the First Crypto Product to Provide 90% Gains in 30 Seconds
https://preview.redd.it/z7u452bxmzm41.png?width=1000&format=png&auto=webp&s=27f2d683c9d93088c5623fb9bbfd501d64c56011 Cryptocurrency traders are always seeking new products that increase their profit, and ways to unlock previously untapped opportunities within the market. PrimeXBT has built a reputation over the past 2 years of being one of the true innovators within the cryptocurrency space - delivering industry-leading high leverages of up to 100x on a wide range of cryptoassets, and up to 1000x on the world’s leading traditional assets, reducing trading fees to being the lowest of any major trading platform, and regularly introducing the market to new ways to generate profits. Now PrimeXBT is releasing a new way to trade on their Bitcoin-settled synthetic contracts platform, Turbo. Turbo users can generate previously unthinkable amounts of profit in a matter of a few minutes, and this recent step from PrimeXBT further cements their place as a global innovator in the crypto sector. https://preview.redd.it/w8lxjfs9nzm41.png?width=2528&format=png&auto=webp&s=4517be2c51d9d203f2de2dce47b9ec95101505e6 PrimeXBT at the Forefront of Crypto Innovation PrimeXBT has grown to become the world's largest multi-asset margin trading platform over the span of the last two years, today handling up to $950 million each day in trading volume. As a result of the platform’s push for innovation within the cryptocurrency industry, this has led to the creation of a range of tools and features that are unique, and were unprecedented before the launch of the platform. As well as providing a wide range of assets, PrimeXBT was the first major cryptocurrency trading platform to bridge the gap between the worlds of cryptocurrency and traditional financial asset trading by listing many of the world's leading stock indices, forex pairs, and commodities. As a continuation of the innovation that PrimeXBT has brought to the cryptocurrency market, the launch of Turbo signifies the beginnings of the next generation of cryptocurrency trading. https://preview.redd.it/ju1g33kbnzm41.png?width=2538&format=png&auto=webp&s=e6eefd7271d7f702c27a4ff4dd70f418bec4ce73 Generating 90% Gains in 30 Seconds with PrimeXBT Turbo The cryptocurrency market is renowned for having high volatility and a high potential for generating profit over short periods of time, however never before has there been a way to access this level of profitability with cryptocurrencies. Traders can use Turbo to almost double their investment with gains of 90% being available on the platform in 30 seconds. Typically when trading cryptocurrencies, it would take some substantially longer than 30 seconds to double an investment, with this normally taking days, weeks, months or even years. Now the speed of generating profits is unrestricted to traders around the world, with PrimeXBT Turbo being a new way to generate the fastest profits online. https://preview.redd.it/va3phfxdnzm41.png?width=2546&format=png&auto=webp&s=7864e89952ed45695c29000ab9becfc87a61d4b9 Trading Simplified for Beginners and Experts Alike PrimeXBT Turbo is suitable for beginners and experienced Traders alike, with this being not only the fastest way to earn money in crypto, but the most simplified method of trading online today. Traders no longer require a deep understanding of technical analysis in order to generate revenue in the market, but instead high profits can now be made just by knowing which direction and asset will move in over a given period of time. After setting the size of the trade and its duration, traders only need to select whether or not the asset will move up or down over the course of the duration, with a move of at least one cent in the correct direction leading to a payout on the contract. PrimeXBT Turbo reduces complexity, allowing traders to focus more on the direction of a trend instead of having to be able to predict trend turning points or factors that increase complexity. https://preview.redd.it/tj83gpzfnzm41.png?width=1252&format=png&auto=webp&s=f85a439a31205532eded012e877ece465531695a PrimeXBT Turbo Demo Accounts - Risk-Free Strategy Development With the increased potential for generating high profits with Turbo comes increased risk, and this means that the platform may be suitable for some traders and not others. Where successful predictions lead to gains of up to 90%, funds can also be partially or fully lost when incorrect predictions are made. Traders should be aware of this prior to trading on PrimeXBT Turbo, and should use the free demo accounts available in order to develop profitable strategies risk-free, prior to having to risk real money. Selected accounts are able to create a demo account and use virtual funds to explore the PrimeXBT Turbo platform, learning how to use Bitcoin-settled contracts to earn fast profits, and to mitigate unnecessary risk. The Last Word - First Crypto Product to Provide 90% Gains in 30 Seconds It’s rare for new crypto trading products to come along that deviate from what is already available in such a way that Turbo has done - it is unique, with no other platform providing the ability to almost double investments in under 1 minute. PrimeXBT Turbo will be launched in phases, gradually introducing more traders to the platform and providing greater access - with a full launch just around the corner. Early access to the platform is available to some traders, with demo accounts also being provided to selected traders give important feedback to the PrimeXBT team ahead of full launch. If you would like to be an early access users of Turbo, and would potentially like to get access to the demo version of the platform ahead of full launch, submit your interest on https://PrimeXBT.com/turbo
What is PrimeXBT Turbo: The Comprehensive Beginner’s Guide (2020)
https://preview.redd.it/w9o7b17h41n41.png?width=1000&format=png&auto=webp&s=ed06d3ada7de4116f2317331214d6c08c401a0a2 Many new ways to trade cryptocurrencies are being introduced, and this is largely as a result of the evolution of the market and the increased sophistication of traders in the last few years. Today traders aren’t just happy with basic trading platforms when there are so many new platforms coming onto the market that are creating ways to trade that can substantially increase profitability and efficiency. PrimeXBT Turbo is exactly that kind of platform - in times as short as 30 seconds investments can be almost doubled with just a single prediction on whether an asset is going up or down. It’s time to take a deeper look into PrimeXBT’s newest addition. https://preview.redd.it/n6zmjpln41n41.png?width=2546&format=png&auto=webp&s=09c3a7379454a5462b717d8faf56e3b5cd2cef47 What is PrimeXBT Turbo? PrimeXBT Turbo is unique in the cryptocurrency industry as the only platform where traders can access short-term Bitcoin-settled accounts, reducing the complexity of trading and providing a new way to generate profits faster. Turbo is suitable for beginners and reduces the decisions that need to be made in order to create profitable trades down to 1 of 3 different trade durations, 30 seconds, 1 minute and 5 minutes, and either predicting that the asset’s price will move up or down. Traders without an advanced understanding of technical analysis can still generate fast profits with PrimeXBT Turbo by knowing which direction that an asset will move alone - there’s no need to predict anything more than either that it will move up or down during the set duration. In the case of correct predictions, the trader earns up to 90% profit in as little as 30 seconds, as long as the price of the assets has moved at least 1 cent in the predicted direction. This allows for the fastest profits available in the cryptocurrency industry, with the ability to almost double an Investment within just 30 seconds - making this a unique opportunity to generate profit. PrimeXBT Turbo provides by far the fastest potential profits available, while also providing an easy-to-use and intuitive trading interface that is suitable for traders of all experience levels. https://preview.redd.it/bdfvvubp41n41.png?width=2106&format=png&auto=webp&s=d4c88b7dde78645bf335840f628dfba0efcc2b31 What are the Benefits of PrimeXBT Turbo? PrimeXBT Turbo provides a range of advantages to cryptocurrency traders with a few of the most important being: Easy of Use: Turbo provides traders with a simplified version of cryptocurrency trading that only requires users to predict upwards or downwards moves in price. This lowers the barriers for entry for lesser experienced traders, and evens the playing field where more traders can generate high profits. High Profitability: Turbo is the most profitable way to generate fast revenue with cryptocurrencies, and uses unique trading instruments that are not available anywhere else in the crypto market. Safety, Security, Reliability: A combination of PrimeXBT’s advanced security features and industry-leading trading engine provide traders with a reliable environment that is protected from hackers and other malicious parties. Privacy: PrimeXBT is the only major cryptocurrency trading platform to be 100% KYC-free, only requiring an email in order to register and avoiding the collection of invasive personal information. https://preview.redd.it/b3thfpwq41n41.png?width=2540&format=png&auto=webp&s=c1e98cfcafd3fbdcf727e2c5694037d602ab7077 How to Use PrimeXBT Turbo to Generate Fast Profits To explain exactly how PrimeXBT Turbo works, we’ll use an example of a trader that would like to create a contract worth $1,000. The trader sees that Bitcoin is likely to go up soon and would like to create a trade that will maximise the money they can earn. They set up a contract with the shortest duration possible of 30 seconds in order to gain the highest returns, then they set the amount of the trade to $1,000 which is already in their wallet. To launch the trade, they click the large green “Up” button on the right side of the Turbo trading interface and their order is automatically added to the chart. Their prediction is right, and the $1,000 they invested is automatically returned to their account, along with another $900 in profit from the contract. https://preview.redd.it/v1jf8r5s41n41.png?width=1232&format=png&auto=webp&s=cbe593ea6fa6fcd081ffa6705d3810b4f3e3aed3 What are the Risks and Rewards When Using PrimeXBT Turbo? While the potential rewards are clearly significant and Turbo provides the fastest way to earn high profits in the crypto industry, there are also increased risks that traders should be aware of. If a 30 second contract is created, at the end of that short duration either the trader will earn 90% profit on their investment, or if the predicted direction is incorrect they will lose their investment. Because of the fast pace of PrimeXBT Turbo, the platform may not be suitable for all users, and it is important to fully understand the potential risks and rewards prior to trading. As is the situation with all cryptocurrency trading, only trade what you are prepared to lose, and mitigate risk by starting with smaller amounts and building up to larger trades. https://preview.redd.it/saug4g1u41n41.png?width=1252&format=png&auto=webp&s=a847322b4478b01f421eb755cbfdc37c85401bfc Early Access to PrimeXBT Turbo PrimeXBT Turbo is introducing a radically more profitable way to engage with crypto markets than has ever been available before, and in the coming months Turbo will be rolled out. Initially some traders will be given early access to explore and test Turbo’s new features and interface, and there will be a gradual progression to full launch after this. Over the coming days the first group of early access users will be contacted by the platform and provided with further details about how to proceed. Submit your details here to become one of the first to get access to PrimeXBT Turbo.
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