20 Jobs of the Future (Youtube) Alternative Currency Speculator: As Bitcoin and other virtual currencies are gaining traction with people who distrust Fiat currency; this is creating an opportunity for alternative currency arbitrage and investment opportunities.
Best Cryptocurrency Multi-Exchange Trading and Portfolio Management Platforms Ranking 2020
Trade on multiple exchanges from a single platform and avoid the hassle of multiple logins, different interfaces, constant tab changing and overall keeping track of balance holdings and trades. https://preview.redd.it/ksar6fkxmfv51.jpg?width=1200&format=pjpg&auto=webp&s=b8629b0f29aefd9546d816413cc82de9656ef7f9 With more than 300 cryptocurrency exchanges today, most traders have to manage multiple exchange accounts. The need for more than one account usually rises because of the variety of offered crypto currency pairs, market liquidity, having to diversify the risk of being hacked, as well as the different trading tools and terms each exchange offers. Trading and keeping track of your portfolios on multiple exchanges is time consuming, inefficient and frustrating. Having to log on different platforms, use different interfaces, keeping track of multiple portfolios and all trading related activities become increasingly difficult with each new account. It would be simple and easy if you could connect all those exchange accounts into a single multi-exchange platform which combines all the data in real time and provides a single interface to control all remote exchange accounts.
A multi-exchange platform allows the traders to connect all their exchange accounts into a single account through the user of API keys generated from the account of each exchange. Once all accounts are connected into a single one, using the exchanges interfaces becomes obsolete. The unified account will now track and combine all portfolios and traders will be able to track prices, order statuses and other data across all exchange accounts from a single interface. In addition, most multi-exchange platforms provide various information tools such as news aggregators, sentiment tools, arbitrage matrix and price alerts. With regards to API keys security, these platforms do not require withdrawal or deposit permissions which limits the possibility of fraud and loss of funds. Finally, multi-exchange platforms do not typically charge additional trading fees and do not require lengthy verification procedures.
The current top platforms
Currently there are a handful of multi-exchange platforms with a variety of services. They range from a simple crypto portfolio tracker to an advanced trading and portfolio management platform. A detailed list of all major multi-exchange platforms and their features can be found here: www.AltXpert.com Here is an overview of the top 9 multi-exchange trading and portfolio management platforms:
Investing in crypto currencies with Nimbus Platform
Another of my ways to generate income today is the Nimbus Platform. In fact, it is the one that generates the most income for me, with an approximate income of $2000/month. We can earn from 7.5% to 12% depending on our initial investment. It is a very easy to use platform and its system is based on an automatic arbitrage bot on crypto currencies. They basically buy, for example, Bitcoin in an exchange at one price and sell it in another at a higher price. This formula is totally legal and safe, since the operation is only performed when the system detects an opportunity to make a profit with arbitration. If you want to read more about this trading platform, you can visit my website https://nimbusplatform.app/, where I explain the entire system and provide you with the link to create your free investor account. There you will also find my direct contact by Whatsapp to resolve any questions you may have.
Is It The Right Time For Cryptocurrency Exchange Hub Of Multiple Cryptocurrencies?
What started with bitcoin now constitutes an entire industry. Today, the cryptocurrency market has more than 5500 digital currencies. Moreover, alongside the cryptocurrency market, its supportive infrastructure has also grown substantially. From multiple cryptocurrency platforms offering services of trading digital assets to different types of wallets for storing them- the space has literally exploded in the last few years. But with multiple cryptocurrency platforms, how does a trader decide which is the best platform to buy cryptocurrency? Or which is the best cryptocurrency exchange to buy and sell bitcoin? In this article, we have addressed the question that is gaining more and more relevance with each passing day. Is it the right time for a single exchange hub of multiple cryptocurrencies? Let’s dive deep into the details.
Cryptocurrency Platforms Infrastructure
While trading and investments within the market are gaining mainstream adoption, the process of cryptocurrency trading has become complex. Traders have to set up accounts on multiple exchanges and interact with various interfaces to place trades within the crypto ecosystem. Furthermore, different functionalities of each exchange have made the process increasingly cumbersome for traders. The present cryptocurrency exchanges have restrictions in the form of coins available, payments supported, crypto to fiat trading or vice versa, and regulatory concerns. The process that should be straightforward, frictionless, and easy turns out to be complex, cumbersome, and inconvenient.
The Woes of Trading on Multiple Cryptocurrency Exchanges
https://preview.redd.it/xaj23s76gkl51.jpg?width=1154&format=pjpg&auto=webp&s=a2b82b561a8f3011cffa2857fb953444abf79e2c Currently, there are more than 300 digital asset exchanges listed on Coinmarketcap. With the rising popularity of cryptocurrencies, the list keeps on growing. As the market is relatively new, the process of trading differs from that of traditional markets. Currently, cryptocurrency exchanges cannot meet all the requirements of traders. Traders may not be able to access one or more services including trading pairs, payments supported, security features, etc. Depending upon their choice and requirements, traders create accounts on multiple exchanges in order to access different services offered by the platforms. This results in the complexity of having to manage multiple accounts and different functionalities. These are the challenges traders face by having multiple accounts:
Multiple KYC Processes: A trader has to undergo the standard procedure of verifying their identity, KYC as well as AML verifications if they want to trade beyond a certain limit.
Order Books: Since orders are placed on multiple exchange platforms, traders have to individually manage their cryptocurrency investment portfolio which is segregated across various exchanges.
Wallets: With some exchanges, traders have to create a separate wallet for each platform while others store a client’s cryptocurrency funds directly on their exchange. A trader needs to keep track of their tokens managed and stored on multiple wallets.
Security: While platforms facilitating trading and investments in digital currencies are rising, not all of them encapsulate advanced security measures. If an exchange gets hacked, this can even result in a trader losing their funds.
Multiple Interfaces: An investment manager, who trades in multiple digital assets with different trading pairs, needs to keep a constant track on which exchange offers the best price at a particular moment in time. In order to do so, a trader has to navigate between multiple tabs and adjust to a different trading interface each time.
Arbitrage Opportunity– Millions of dollars are available as arbitrage opportunities on a daily basis. However, under the current cryptocurrency trading infrastructure, only an institutional investor can leverage this opportunity and generate profits.
Wouldn’t trading and investments in the cryptocurrency industry be much easier if there was a one-stop solution? Wouldn’t it be much simpler if a trader can manage their diversified portfolio encompassing multiple digital assets- all under one platform? Wouldn’t it be much simpler if a trader can access the best price of a particular cryptocurrency asset within seconds under one hub? At the beginning of this article, we pondered upon this question: Is it the right time for a single exchange hub of multiple cryptocurrencies? Well, we think you already know the answer!
Finxflo: One Platform-One KYC- One Wallet
https://preview.redd.it/c8nhk88agkl51.jpg?width=1150&format=pjpg&auto=webp&s=6e454d3fedb46fd91d0a6c858fe7084614643718 A solution to the challenge has been created by Finxflo. Finxfloa global cryptocurrency brokerage firm has designed a one-stop solution for traders. Finxflo’s users can access the optimum price of a cryptocurrency without navigating between multiple interfaces. By partnering with prominent cryptocurrency exchanges, Finxflo retrieves the best price of a digital asset at any given point in time. Users are also able to manage their diversified portfolio consisting of multiple cryptocurrencies under one unitary portal. Finxflo enables a consolidated order book for traders and investment managers. With Finxflo, a trader has to undergo the process of identification proof and KYC only once. Traders do not need to sign up, remember multiple passwords, and follow the KYC guidelines individually for multiple platforms.
Finxflo: A Cryptocurrency Exchange Hub
Finxflo also offers one wallet for traders to store all their crypto assets. The MPC encrypted wallet is protected with advanced security measures. By partnering with Fireblocks, a leading platform in cybersecurity, Finxflo ensures that a client’s funds are completely insured. Finxflo is a regulated entity under the Monetary Authority of Singapore (MAS) in order to create a seamless trading environment along with ensuring the highest level of security. In addition to its USP of One platform- One KYC- One Wallet, Finxflo also facilitates innovative trading tools catering to retail as well as institutional traders. Some of these include smart order routing and dark pool liquidity. Finxflo offers a transparent and straightforward trading environment with security measures as the very base of its foundation.
With the rapidly growing cryptocurrency industry along with its mainstream adoption, there is a need to scale the industry’s infrastructure services. A platform like Finxflo is a step towards that direction. With institutional participation, hedge fund managers, and investors diversifying their portfolio by including crypto assets- it is certainly the right time for a cryptocurrency exchange hub that acts as a gateway to multiple cryptocurrencies and its subsidiary products. Article source: https://www.finxflo.com/news/detail/5156
In this final edition, we will look over each point mentioned in the previous articles and explain how they contribute to the realization of the world’s most affordable overseas remittance. https://preview.redd.it/d8q8zbsic1l51.jpg?width=792&format=pjpg&auto=webp&s=4410bbed2fb4f71c868ceca5c60295da67194b10 Realization of the world’s cheapest overseas remittance ① Multi-currency wallet In the case of a digital money wallet that only accepts one type of currency, to conduct overseas remittance one would have to use another wallet or service, and that becomes a cost. With Eternal Wallet, the system accepts and handles multiple currencies, and this is a key factor in how the world’s cheapest overseas remittance can be achieved. https://preview.redd.it/m0kxjuvlc1l51.jpg?width=790&format=pjpg&auto=webp&s=de8060fc17c339d354628a68ead3f0715f4f8ae5 ②P2P Trading Being able to bypass the banking infrastructure, and send between users via P2P has many merits. This is also another key factor in achieving the world’s cheapest overseas remittance. ③ The Transfer Token With traditional overseas remittance methods such as banks and specialty merchants, there was always a limit when attempting to bring down costs. With Eternal Wallet, by integrating The Transfer Token (TTT) within the system, we have succeeded in a revolutionary cut of costs when remitting overseas. ④Deposits/withdrawals using fiat currency Overseas remittance without the ability to send and receive by fiat currency, is highly inconvenient both in procedural and financial terms. In that vein, without dealing with fiat currencies, the world’s cheapest overseas remittance could not be achieved. ⑤The world’s largest amount received upon currency exchange Among overseas remittance companies, there are a number of companies that offer zero commission fees. However, such companies usually enforce their original currency exchange rates, so in reality, when conducting overseas remittance the received amount becomes that much smaller. With Eternal Wallet, we utilize the world’s greatest received amount for foreign currency exchange. The exchange rate is also one of the necessary parts to achieve the world’s cheapest overseas remittance. ⑥Pool Within the pool’s balance, the same amount of fiat currency is deposited. Also, for trading conducted through Eternal Wallet, leverage does not occur, so the fiat currency within the pool is not subject to price volatility, and safety is ensured. Without this pool function, a safe environment for overseas remittance could not be achieved. ⑦Fees when conducting overseas remittance When users conduct currency exchange through Eternal Wallet, fees shall be incurred. These fees will become the origination for incentives for users to lend out their TTT. Lending is the base for smoothly operating the exchanges, so it can be said it is an important role in achieving the world’s cheapest overseas remittance. ⑧Lending of TTT With TTT, other than the weekly distribution of fees accrued when the Wallet is used, there is a feature that by lending out to the pool, users can receive a part of the exchange fees. As stated before, this lending feature of TTT is also vital in achieving the world’s cheapest overseas remittance. ⑨Opportunities for arbitrage trading due to the difference in dividend rates Due to the differences in dividend rates depending on the currency, there will be discrepancies in the price of TTT. This will lead to arbitrage trading opportunities, and with arbitrage trading, the market will lead to a suitable price. This is also another feature that is vital to achieving the world’s cheapest overseas remittance. ⑩Volatility・Equalization of dividend rates By not fixing the dividend rates when lending, the pool balance for each currency will constantly be adjusted. Due to this, with Eternal Wallet it will become unnecessary to actually conduct overseas remittance, and the world’s cheapest overseas remittance becomes possible. ⑪Handling of fiat currency within the pool By appropriately dividing and processing the fiat currency within the pool and when exchanging, we can avoid trouble or risks when users receive overseas remittance. Without this appropriate handling, the safety of the world’s cheapest overseas remittance could not be protected. ⑫Profits/losses made by the increase/decrease of fiat currency within the pool By looking at only one fiat currency, the balance within the pool is subject to increase/decrease due to the currency exchange status. However, here at Atom Solutions, we have deposited the same amount/value of all fiat currencies as with the pool balances, and manage them as a total. If we were to add up the balance of all fiat currencies within the pools, the profit and losses margins will constantly be zero. To achieve the world’s cheapest overseas remittance, such as handling of the funds within the pool will become a necessity. ⑬ Deposits made using BTC By enabling deposits via Bitcoin, users from all around the world can participate in the use of Eternal Wallet. This, as with the previous item, plays a large role in increasing the liquidity of TTT and Eternal Wallet. ⑭Improve accessibility by partnering with various nation’s digital money companies Even if one were able to send cryptocurrency cross-border, there would be no meaning if it were not able to be received in fiat currency. Moreover, there are said to be around 1.7 billion people in the world without a bank account (World Bank, 2017). To solve these problems, it is vital that we partner with the various companies of each nation. ⑮E-counter The final exit for overseas remittance is when the user receives their cash in hand. No matter how cheaply overseas remittance can be made, if the commission fee upon receival is costly, the received amount will unquestionably decrease. With E-counter, commission fees can be set up individually by the merchant. Therefore, the market principle of gaining more users by lowering the commission fees compared to rival E-counters comes into play. This eventually results in a lower cash-out cost. This E-counter function is also vital to achieving the world’s cheapest overseas remittance. https://preview.redd.it/33qm3tmqc1l51.jpg?width=790&format=pjpg&auto=webp&s=ca94f6e050991d55abfecca03b0e973264c8b14b This concludes our description of our services, and what we aim to achieve with Eternal Wallet, TTT, and Atom Solutions. We hope that this article has been a good read for you, and it has encouraged you to try out our services upon opening. Our launch is imminent, and we look forward to your use and support of our product and services.
Particl Marketplace is a decentralized marketplace for trading goods and services. Every installation becomes an independent node of this network and is helping to distribute it. Payments are made private and anonymous under the aid of its own cryptocurrency named PART. It utilizes CT and RING CT for privacy. Furthermore, it shares the as most secure comprehended privacy technologies from the industry-leading electronic currency Monero and makes its security features available on the Bitcoin codebase. Additionally for the metadata needed to list products and to let users communicate with each other an encrypted protocol named SMSG is utilized. Only corresponding parties are able to decrypt its content. This benefits the marketplace to be able to scale.
Problems Particl Marketplace solves
The use-cases and problems getting solved are multidimensional.
Saving money for its participants
No revenue share fee, no final value fees (sales commissions), no payment processing fees, no subscription fees, no participation fees, no value based listing fees, instant settlement -no retention of payments for vendors
Free markets, no censorship, self governance, no product-listing manipulations
Privacy and security first
No user-data, no data misuse, scam and fraud protection with two-party escrow system, custom storefronts with custom access-rules, protection of supply chains & intellectual property, DDoS protection
Enable untapped markets
Empowering and protecting companies to make OTC (Over the counter) deals with unknown/untrusted business partners of any industry, without the risk of being scammed. Of course this is not limited to companies.
08-15 09:24 - 'What exactly is a Bitcoin option?' (self.Bitcoin) by /u/Beneficial-Guitar-77 removed from /r/Bitcoin within 7-17min
''' When it comes to bitcoin options, investors are no strangers to the currency. Bitcoin option is a financial instrument produced on the basis of Bitcoin futures. Or you could call it a bitcoin index option, To put it simply, the buyer of a bitcoin option has the right to choose whether to exercise the buy or sell option, Options "Unlimited returns, limited risk". Advantages of Bitcoin options:
Low threshold: There is no threshold for bitcoin options, which can be played with one yuan.
Practical: There is no need for bitcoin options to accumulate experience in simulated trading. Users can learn and test their trading strategies in actual combat.
Continuous trading: The bitcoin option contract can be continuously traded for 7*24 hours. Besides, the daily price of Bitcoin fluctuates greatly, so there are more arbitrage opportunities and it is more practical. What are the advantages? Should be able to use reasonably namely go earning certain money. For bitcoin investors, $10,000 is a psychologically important threshold, but the price of the currency is now not only above $10,000, but at one point it was above $11,453.74. A bit is worth 79,574.85 yuan in yuan terms, For this reason, bitcoin has started to circulate in the coin circle, but some investors do not know about bitcoin. ''' What exactly is a Bitcoin option? Go1dfish undelete link unreddit undelete link Author: Beneficial-Guitar-77
08-12 22:05 - 'Why Bitcoin Will Win: The Bearish Case for Ethereum' (self.Bitcoin) by /u/uncapslock removed from /r/Bitcoin within 207-217min
''' Hi Everyone! If you were around for the 2017 bull cycle, you might remember me from: [[link]6 With the advent of DeFi, I wanted to crystalize my thoughts on why Bitcoin will win in the end.
Why Bitcoin Will Win: The Bearish Case for Ethereum
Ethereum is the MySpace of decentralized finance. Hobbled together, scrappy, but provides an exciting glimpse into the future. We should be pleased with the new paradigms discovered through this experiment but should not expect it to be the de facto platform in a decade. Ethereum has demonstrated intrinsic challenges that are insurmountable without an Ethereum 2. We have witnessed unauditability, scaling difficulties, centralization and high contract fees. Building second-layer solutions to make up for shortcomings is akin to patching cracks in the asphalt with duct tape. In this piece, I’ll navigate why we should not confuse novelty of features for sustainable value, why Ethereum makes for a poor base layer, and what to expect in the decade ahead. There will only be onebase layer for digital scarcity of humanity and that is Bitcoin.
The “Bitcoin is money, Ethereum is apps” fallacy
There is a logical fallacy in arguing “Bitcoin is money, Ethereum is apps,” which draws a false equivalence between the value of money and apps. As any self-respecting financier knows, the value lies (quite literally) where wealth is stored.
“Applications are cheap. A store of wealth is expensive.”
Building applications is a solved problem. We know how to recruit engineers, build organizations and assemble technical solutions. We have a bevy of technologies that provide affordances for user interfaces. We have best practices for effective engineering. We even have strategies for amplifying creativity during brainstorming. The number of pages on CoinMarketCap.com is a testament to the commonality of applications. What is not solved is building applicationson top of a store of wealth. In order to build applications on top of a store of wealth, you either appropriate an existing store of wealth and build on top of it (i.e. Plaid) or you build a new store of wealth (Bitcoin). Building a digital store of wealth is so hard it has taken over half a century andis still not ready. The digital store of wealth is only ready when it stores a nontrivial portion portion of global wealth. On August 11, 2020, MicroStrategy announced it had acquired 21,454 Bitcoin for $250 million. Asinglecompany bought the equivalent ofall Bitcoin in Ethereumthat day. Building an application on Ethereum today is the worst of both worlds. It builds on a burgeoning new store of value with a tiny addressable market on top of a limited capacity network already showing strains. The vast majority of global wealth is still outside of the system, waiting to designate a digital store of value. Conceding that Bitcoin is the better store of value is conceding Bitcoin will be the disproportionate beneficiary of global wealth entering the system.
So where do applications fit in?
Imagine acquiring a bank. You are given a choice to either acquire the trillion dollars under management and no app or a smooth, slick app but not the financial assets. It’s easier to make a new application where users are already present rather than move users to a new platform with an existing application. As we’ve seen in the previous section, most users will be on Bitcoin utilizing its value as a store of wealth.
“Applications will be built where wealth is stored.”
What we’ll see is the best ideas from current generation of DeFi applications (elastic supply, governance, fair distribution mechanisms, auditability) built into layer 2 solutions of Bitcoin that itself sits on top of multiple trillions of dollars of global wealth. Why will this happen? Builders will note applications of value from the small pond of Ethereum and see a market opportunity to natively expose those features to the much larger accounts in Bitcoin, reaping proportionally higher revenue.
Why can’t we use Ethereum as a store of value?
“If native users of a platform are so important, why can’t we just use Ethereum as a store of value? After all, holders of Ethereum have seen much higher appreciation in value since its founding compared to Bitcoin.” Here we refer back to the [“The Bullish Case for Bitcoin”]2 which lays out the core properties of money of which three critical areas Ethereum is weak against Bitcoin.
As we see in the indefatigable investigation by [Pierre Rochard]3 in his epic quest to audit Ethereum’s supply limit, verifying the total number of Ethereum is not a trivial task. A number of supply adjustments had been made in node software instead of on-chain transactions, intermediate miner rewards calculated using uncles that are not finalized for a number of blocks, selfdestruct() that leaves ambiguity for token inactivity. These factors make it impossibleto have an objective measure without specifying an asterisk of the nuances appropriated for each method of calculation. Lack of auditability makes Ethereum a nonstarter for firms desiring a store of value. Without an objective measure of supply comes an impossibility of assessing the value of your asset. From measurement of the Ethereum supply through scripts, it has been hypothesized that there has been at least one inflation bug that has been exploited: [*[link]7
There is no set limit of Ethereum by design. From inception it was designed to be an inflationary currency which is essential as a utility token executing applications but is fatal for a store of value. There is an ongoing effort to curtail Ethereum’s inflation to appease to its holders which will be to its detriment as use as an application platform. This tension between being an appreciating digital asset and utilization as fuel is intrinsic to Ethereum and cannot be removed. When Ethereum prices go up by a factor of ten, only smart contracts that can provide commensurate proportional value will be viable.
“Using Ethereum as a store of value creates a perverse relationship with increasing contract fees that undermine its value as an application network.”
As the price rises further, we will see the majority of use cases today become priced out, adding platform risk where users will now need to worry whether they will be able to get their assets back out in the event of Ethereum appreciation.
It is an open secret that Infura is the defacto backend for Ethereum. Running a full Ethereum node is known and accepted to be an arduous task with astronomical processor requirements. This problem is getting worse, not better as the system struggles with transaction volume today, much less the several magnitudes of transactions needed in the coming decade. The solution provided is running Ethereum 2 and implementing applications on a second layer of Ethereum. This shifts the conversation to if building a new base layer or building on a second layer is necessary, what benefit is there to retain Ethereum as a base layer?
A Look Back from 2030
When we look back to 2017–2021, we will remember this period as the primordial era of where creative entrepreneurs came together to experiment with the new paradigm of permission-less smart contracts. We will see a meaningful portion of global wealth go into Bitcoin by 2024 raising assets under management to a trillion dollars. Companies will convert overseas holdings into Bitcoin to counter inflationary risk for sovereign currencies. Smaller nation-states will start to acquire a reserve of Bitcoin to counter dollar strength to pay off their dollar-denominated debt. During this time, firms small and large will rush to build applications to service wealth stored in Bitcoin on layer 2 and layer 3 solutions. Many of these applications will be inspired by what is currently built on top of Ethereum but addressing a much larger market. Through two more halvings by 2030, everyone will have a Bitcoin account providing both a store of value as well as a unified platform that provides the largest installed userbase for financial products. We'll be ending the decade with 10M per Bitcoin, (one magnitude increase each for the three halving periods: 2020-2024, 2024-2028, 2028-2032) with Bitcoin serving as the generational store of wealth for those with the foresight to stack sats and hodl.
Tips for Builders
You’re not late. In fact you’re incredibly early. We’re still building the store of value that will be the foundation to the financial apps that you’ll build. Ethereum is a nice environment for experimenting with new paradigms that are made possible through smart contracts. But understand that the bulk of your future customers will be onboarding onto a different platform when they do arrive. There will be a bonanza period where we see thousands of companies and millions of retail users adopting Bitcoin. It’ll be up to you to recognize the arbitrage opportunity to offer product features in native Bitcoin format to beat other products that must employ bridges to access wealth stored in Bitcoin.
For future writing, [you can follow me on Twitter at @uncapslock]5 . This article is for information purposes only and is not intended to be investment advice. ''' Why Bitcoin Will Win: The Bearish Case for Ethereum Go1dfish undelete link unreddit undelete link Author: uncapslock 1: www.red*it.co***/Bi*coin/*om**n*s/6h4*1i/why_i*sol*_all_***e*h*reum_*oda**an*_convert*d_i*/ 2: medium.c*m/@*i*a*bo*apati/t*e*bu*l*sh*case-for-*it*oin*6ecc8*de*c* 3: tw*t*e**com/pierre_*o*hard 4: *w*tte*.***/GeistLight/st*tus/1*926*756*3801390** 5: t*itt**.*om/uncap**ock 6: ww**r**di**com*Bitcoin/comments/6h4**i/why\_*\_***d\*al*\_my*_eth*re*m\*today\*and*_*onve*te*\_it/**^1 7: twitter.com/*eistLi*h*/s*a*u*/*29*6475***801390***]^^4 Unknown links are censored to prevent spreading illicit content.
Particl Marketplace - short and easy. 📷Education Particl Marketplace is a decentralized marketplace for trading goods and services. Every installation becomes an independent node of this network and is helping to distribute it. Payments are made private and anonymous under the aid of its own cryptocurrency named PART. It utilizes CT and RING CT for privacy. Furthermore, it shares the as most secure comprehended privacy technologies from the industry-leading electronic currency Monero and makes its security features available on the Bitcoin codebase. Additionally for the metadata needed to list products and to let users communicate with each other an encrypted protocol named SMSG is utilized. Only corresponding parties are able to decrypt its content. This benefits the marketplace to be able to scale. Problems Particl Marketplace solves The use-cases and problems getting solved are multidimensional. Saving money for its participants No revenue share fee, no final value fees (sales commissions), no payment processing fees, no subscription fees, no participation fees, no value based listing fees, instant settlement -no retention of payments for vendors Self-sovereign commerce free markets, no censorship, self governance, no product-listing manipulations Privacy and security first no user-data, no data misuse, scam and fraud protection with two-party escrow system, custom storefronts with custom access-rules, protection of supply chains & intellectual property, DDoS protection Enable untapped markets Empowering and protecting companies to make OTC (Over the counter) deals with unknown/untrusted business partners of any industry, without the risk of being scammed. True global arbitrage without intermediary Obtain global arbitrage opportunities for trading goods with a local price-fixation by utilizing local price advantages. www.particl.io
There are so many cryptocurrencies andso many exchanges in the market. How about the prices among all these different exchanges? Just a small price difference? Certainly NOT! Take Bitcoin for example, the price difference can be 21% at the same time! The exchange with the best liquidity is the place with the best price? Hmm, not really. Then how can you find the best price to buy crypto in order to maximize your profit? The 3 products below are what you need.
Cryptoradar - Find The Best Places To Buy Cryptocurrencies
Cryptoradar covers 15 cryptocurrencies and 3 fiat currencies. You can find the best buy and sell prices for Bitcoin, Ethereum, Ripple, Cardano, Monero, Tezos, Chainlink, Litecoin, etc. 3 fiat currencies are supported - USD, GBP and EUR. Just simply choose the crypto you want to buy or sell and click search. You will see all the prices of different exchanges around the world. You can choose the criteria according to your preferences on the left-hand side. What makes your trade not so convenient is that you need to go to different exchanges to register and buy crypto.
If you are an altcoin lover, you must have a look at Swapzone. It covers the most cryptocurrencies of different prices in 9 exchanges all over the world. Instead of just comparing the price, it also considers the amount of crypto you can buy at a certain price. Simply choose the crypto you want to buy/sell, enter the amount you want to exchange, then you will see all the offers available. Select an offer in the list, click “exchange”. The most convenient point is you do not need to go to that exchange to register and go through all the KYC process. You can do it at one stop inSwapzone.
Bitpreco - Best Place If You Live In Latin America
If you live in Latin America, Bitpreco is the best place for you to find the best price. It only supports 3 main cryptos - Bitcoin, Ether, and USDT. You can find the buy/sell prices of these 3 cryptos to BRL fiat. The other function you can explore is the arbitrage. Bitprecolists the current buy price and sell price. You can find the arbitrage opportunity directly. What’s more, you can do the arbitrage at one stop in Bitpreco after your registration. You may also like
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
Do Trading Bots Control The Cryptocurrency Markets?
Supposed You've researched the market price for the coin you want to buy and it is low enough, and you've decided the time is right to buy it. You immediately go to the Binance exchange and place your limit order, hoping that a slight price drop will allow your order to complete quickly. But wait ... what just happened? After placing your order, you notice another buyer place a large order with a marginally higher price, pushing your order below the queue. He says "fair enough" as you decide to increase the bid price of your order to keep your order in the queue and once again your order is pushed downwards and new order just appears above your order and before you know it, that attractive pricing opportunity you wanted to take advantage of is gone. How annoying! Why did this happen? In other words, CryptoTradingBots. Crypto Trading Bots
What Is A Bot?
A bot is an automated trading entity that is programmed to identify market trends and automatically execute trades. Using algorithms, these robot operators can replicate what human operators would do in response to various market scenarios. But crucially, bots can process information and make business decisions much faster than humans. And the bots they just keep improving. They use a wealth of market data to examine trends, update their algorithms, and eventually make more informed and profitable business decisions. Today, bots are used in many financial markets by high-frequency traders to exploit small price anomalies. Markets like currencies have undergone a bot revolution in recent years. The days of crowded commercial flats overflowing with merchants yelling "Buy!" and "Sell!" they are gradually becoming a thing of the past. And e-commerce facilities and rows of computer servers have come in their place as automation takes hold.
Bots And Crypto Markets Are Perfectly Matched
Bots are now proving to be especially popular within the crypto community, from sophistication from free services designed for everyone to more expensive subscription-based bots for professionals. Crypto exchanges are proving to be the ideal playground for bots to expand their influence: Unlike traditional financial markets that normally close evenings and weekends, crypto markets are open 24 hours a day, 7 days a week. This makes them ideal for automated trading: humans sleep but trading bots do not. With some cryptocurrencies now tradable on dozens of exchanges, the abundance of arbitrage opportunities that have arisen can be exploited more efficiently by bots than by traders. Last year, Bloomberg set the amount of automated Bitcoin trading on some exchanges to 80% of total trade volume. Bots could also be partially liable for the massive price changes we've seen in the crypto markets. But what is certain is that a large number of exchange order books are being influenced by bot action. And these bots can produce merchants to buy at a higher price or sell at a lower price than they originally intended. It is often the case with limited orders that bots will be the lowest offer and/or demand prices on the market, and largely the rest of the order book. Also, bots are annoying to deal with! Seeing that your offer is outnumbered almost instantly, and by a robot, not even another merchant, can be very irritating, especially if you place your initial order intending to capitalize on what you think is a 'wrong price' in the market. Looking at market orders, you can also observe a series of bot orders of insignificant quantities that exist close to the market price, before the initial order of any true important quantity is further from the market. Again, bots are trying to trick you into placing a market order that fills up instantly, but most of which will be filled against the large order at a worse price.
Counter Crypto Trading Bot Activity
It can be tempting to outperform the robots simply by resubmitting your limit order with a slight lowering the price although such a single trade strategy may not significantly harm your end-of-day earnings if you are a serious crypto trader who conducts multiple trades on multiple exchanges every day, these small but frequent annoyances will inevitably amount to considerable long-term loss. As such, it may be preferable to keep your order at the price you originally intended. If there is at least some volatility in the market, then your order will complete if you are not in any particular hurry, it is also recommended to take a minute to observe the behavior of the order book. Often bot orders will appear and then suddenly disappear, or move around the book due to constant price adjustments being made. By trying to identify bot intentions, you can end up in a more informed position regarding how and when you place your order. Of course, buying a bot yourself could also help. As more data is collected on the price behavior of various crypto assets, these machines will only evolve further and become even more sophisticated in their business competition. But whatever you do, being aware of the existence and influence of bots will help you avoid getting carried away by a sub-optimal trading position.
The world economy is on the verge of crisis again, cryptocurrencies will be strong
Vulnerability refers to the property that things are vulnerable to damage when faced with fluctuations. -Nassim Nicholas Taleb In the face of economic fluctuations, it is disadvantageous to hold such a negative view. Every capital market has its own life cycle, which inevitably goes through a process from growth, to peak, and then to recession. Now is no exception. As we emerge from the longest bull market in history, we suddenly find ourselves in a highly vulnerable global economy facing the panicked and perplexed planet unprepared. However, the turmoil has just begun. Newton's first law, also known as "the law of inertia", means that any object must maintain a constant linear motion or standstill until an external force forces it to change its state of motion. Although this analogy does not perfectly correspond to the capital market (because the market is always changing and developing in different directions), at least one thing is certain that under the action of the market mechanism, the market cycle always appears Trend from peak to valley. The music box winds up, and the performance of the song sounds, and then it stops after a while. When this happens, the market structure collapses, eventually leading to huge chaos, and then falling into silence. Once external forces force the entire economy into trouble, people will realize the long-standing hidden structural defects in the economy. Now, the world economy is on the verge of crisis again. All human beings have to face a sudden outbreak of a global epidemic and the resulting shocks in supply and demand in the market. The economies of some countries have stalled. Ironically, the effects of inertia may be prevalent in market fluctuations. While witnessing the development of the global economy, we still find two simultaneous macro trends: --1-- USD strong We believe that the strong US dollar is driven by three factors: Investors turn to safe assets: Despite the Fed ’s interest rate cuts and monetary stimulus policies, the market ’s increasing demand for the US dollar has pushed up the US dollar index and hit a new high in 18 years. US Dollar Financing Issues: Cross-currency basis swaps measure that investors are more inclined to hold the US dollar than the euro or the yen. On March 17, the euro-dollar basis swap swap premium expanded from -60 basis points to -120 basis points, the highest level since 2011. As of press time, the Euro-US dollar basis swap has rapidly dropped to about -27 basis points, while the US dollar-Japanese yen basis swap has expanded to -70 basis points. Negative basis points indicate greater pressure on the dollar and higher hedging costs for European and Japanese investors. The reality is that U.S. banks, which are the main source of funding for the U.S. dollar, are storing large amounts of cash instead of actively issuing short-term U.S. dollar loans to foreign banks. Due to recent pressure from the balance sheet, more and more U.S. banks are beginning to reduce credit lines to retain cash. In addition, many foreign banks that lack direct access to the US dollar market can only rely on central bank liquidity swaps for financing. This week, the Fed and several other central banks opened new liquidity swap tools, providing USD 30 billion to USD 60 billion of liquidity, respectively, to ease pressure on USD financing. Central banks in emerging market countries are taking urgent steps and lowering their benchmark interest rates: Emerging market investors are very worried about the stability of their currencies and are pouring into the dollar market. According to Bloomberg, all major emerging market currencies weakened against the US dollar on January 20, just as the new crown virus began to spread in Asia. ——2—— Treasury liquidity tightening Abnormally performing credit markets: In general, price fluctuations will prompt investors to switch from risky assets (such as stocks) to safe-haven assets (such as bonds). This was indeed the case when the new coronavirus was causing panic. However, the current despair of liquidity (especially cash) by market investors has led to a large-scale sell-off in the global bond market, falling bond prices and rising interest rates. Repurchase market: The Federal Reserve's rescue measures have not brought the expected results. In the past week, the Federal Reserve announced three repurchases and other measures to release liquidity, hoping to ease the current state of the US Treasury market and reduce the inventory of primary dealers. However, market demand for government bonds remains sluggish. Let's turn our eyes from the home of the macro economy to the cryptocurrency market. Although they are not necessarily related, we find that the two are closely related. In the face of volatility, it is particularly important to develop a price action strategy. The CBOE-VIX index, an indicator that predicts the trend of the S & P 500 in the next 30 days, has surged to its highest level since the last global financial crisis. At the same time, we also saw that the 90-day implied volatility of Bitcoin options rose to 6.8% (annualized 130%), which is about 5.9% (annualized 113%) this weekend. As the "Black Thursday" on March 12th, BTC was down 40% and ETH was down 50%, some leveraged positions were forced to close. According to reports, BitMEX alone closed USD 700 million worth of long and short positions. At the same time, the sell-off of ETH dropped the value of the DeFi ecosystem by 40%. The total amount of collateral liquidation of Compound, dYdX and Maker and other lending platforms reached US $ 10 million. But in this turbulent market, not all assets perform so badly. Although the price of BTC, like the stock market at the beginning, plummeted, falling by 60% from the high price in mid-February, it rebounded by about 50% from the price low on March 12. Over the past period, we have found a large amount of funds flowing from altcoins to BTC. With the spot premium (the spot price is higher than the futures price), the demand for bitcoin lending has increased. The effective fund interest rate also gradually returned to normal as the curve was inverted. In contrast, when futures are at a premium (the futures price is higher than the spot price), there is almost no demand for BTC's lending transactions. At present, the BTC funding rate on various lending platforms has increased from 3-5% to 8%, and the ETH funding rate has increased from 2-4% to 6%. ——3—— Floating profit stablecoin market Since February 14, the entire cryptocurrency market has experienced a large-scale sell-off, with a market value of $ 45 billion evaporated. At the same time, the market value of USDT has risen to nearly $ 5 billion. USDT has emerged from this market volatility and has become a safe-haven asset. This week, the premium rate of USDT prices in China and South Korea is as high as 7%, which is caused by the demand of payment service providers and arbitrage traders. The current over-the-counter USDT supply exceeds supply. At the same time, the market value of USDC climbed to US $ 630 million, a record high. The market value of BUSD is exceeding the US $ 150 million mark, mainly due to the surge in demand for Binance's borrowing and margin trading. ——4—— Near-term outlook We pay close attention to the changing macroeconomic trends and the successive monetary and fiscal policies implemented by governments around the world. Although we cannot predict the specific trend of the market, we still believe that cryptocurrency as an asset class will be strong. In a nutshell, we think: ● Due to the recent sell-off in the market, the value of positions has shrunk sharply, making the distribution of positions in the market clearer. ● With the exit of market makers, the spread between major exchanges has brought more market arbitrage opportunities for retail traders. In particular, the derivatives market (futures and perpetual swaps) has seen a significant discount compared to the spot market, which has pushed up BTC's lending rate. ● By hedging the spot and long futures, market participants can carry out arbitrage trading, which is completely contrary to the market situation we saw last year (the futures price is significantly higher than the spot). ● Over the past six months, trading activities in the options market have grown rapidly. We expect that trading activities in the options market will continue to grow. ● At present, on our platform, institutional clients such as hedge funds, arbitrage traders, crypto companies, etc. have all bought a lot of BTC and USDT. Market volatility is part of investment. We believe that after a period of time, the economy will re-enter the upward trajectory, please let us work together for it.
Survivors of market disasters: In this disaster, some people actually made money
There is no need to repeat the tragic market. Various historical figures are present, and they all reveal a signal: this disaster is like an earthquake with no warning signs. The victims are everywhere, and the survival is a fluke. But in this disaster, there are still people who make money. If you still have the impression, on August 23 of last year, there was a problem with Amazon AWS 'server in Japan, which caused the products using the region's services to be affected to varying degrees, including the cryptocurrency trading platform. After discovering a problem with Binance using AWS, the user's deposit and withdrawal were suspended, but the trading platform using the Binance Quotation API failed to take timely measures, resulting in loopholes in market makers' strategies. That day, while Bitcoin was still steadily maintained at 10,000 USD, some users bought Bitcoin at a unit price of 0.32 USD, and when there was almost no fluctuation in the market, they used the mistake of the server to add western food for the night. A bottle of champagne. In this disaster after 5 months, some people still use the environment to find a way to survive. Ethereum 0 dollar purchase? A $ 0 purchase of Ethereum happened on March 13. The market plummeted, many mortgagors' positions were exploded, and ETH fell from $ 180 to less than $ 100 without resistance. The decentralized Defi market that depends on the value of ETH is naturally not immune, such as the MakerDAO platform. MakerDAO's borrowing logic is that users over-collateralize ETH to lend USD stablecoin DAI, but when the value of ETH fell rapidly, a large number of loans fell below the threshold and the system had to be liquidated. In other words, the user's loan was not repaid. Mortgage of ETH is also not available. So MakerDAO has a bad debt, the amount exceeds USD 4 million. In order to repay this bad debt, MakerDAO chooses to auction the collateral, that is, ETH, BAT, etc., and uses the stable currency DAI to bid. They need to use the auction proceeds to obtain repay loan. Under normal circumstances, such auctions are not too accidental. The feeding system reports the current price of ETH, and the bidders will probably trade at a price slightly lower than the market price. However, the background of this auction is the market's plunge. The transaction caused investors to intensive operations, which blocked the Ethereum network. It takes far more than usual gas fees to allow the miners to confirm the transfer as soon as possible. According to the browser, on the morning of the 13th, if only 44 gwei is used, the transfer confirmation time on the Ethereum network will take 72958 seconds, which is 20 hours. The MakerDAO debt auction on the Ethereum network has also been affected. The blockage of the network has prevented bidders with low gas costs from bidding in time, which caused participants to bid 0 DAI / ETH to drop the hammer. It can also be seen from the transaction records that the auction of 0 DAI was indeed successful. These lucky bidders only paid a transfer fee of US $ 1 and transferred 0 amount to obtain an ETH worth US $ 122 at the time. These people are undoubtedly fortunate. The external environment helped them to become the only game participants. The exchange of $ 1 for $ 120 and a profit of 11900% was much higher than the odds of players who risked bottom-swinging in fluctuations. However, from another perspective, MakerDAO's auction is to use the DAI obtained from the auction to pay off debts. However, due to network congestion, this situation has caused several free gifts, and MakerDAO's debt repayment is even worse. Pick up goods by luck If it is said that MakerDAO launches the auction, it is a helpless action of the team under extreme conditions. Bidders still need a bit of technical barriers to participate, but there is nothing to worry about, and there is almost no difficulty and cost. On the evening of March 12, investors discovered that the LINK / USDT trading pair of the Binance trading platform experienced a short-term flash collapse and once fell to the bottom 0.0001 USD. What's going on? Twitter netizens then asked Zhao Changpeng about the matter, and the latter's response was a shock. It turned out that someone had already launched the LINK trading pair as early as Binance, that is, on January 16 last year, a low was hung within 8 seconds after the real-time trading was opened. Price list, but it has not been closed because no fool will sell it at this price. Unexpectedly, more than a year later, this pending order was sold "strangely". "At that time we had no price range restrictions. We will not cancel user orders." Zhao Changpeng said that the platform will not deny this order because the operation is completely reasonable. It will not be rolled back for various reasons. In other words, even if LINK has experienced a large decline recently, at the current price of 2.3 US dollars, the profit of this transaction will exceed 2 million US dollars. US dollars, then he instantly won nearly 5 million US dollars. The cost of 100 dollars, the income of 2.4 million dollars, a real profit. In fact, similar examples of this kind of luck are not rare in the crypto industry. Except for Binance and the previous examples, BitMex and OKEx have also experienced similar situations, and more than once. For example, on December 6, 2017, Binance's XRP / BTC trading pair experienced a breakdown of the list. In a very short period of time, the XRP price was oversold to 0.0000002 BTC, which is basically negligible. On January 29, 2018, the price of the ADA contract on BitMEX also fell to 0.00000005 US dollars, which was also nearly 0; another trading platform, OKEx, also saw a large amount of 0.002 USD on January 14, 2018. Case, according to the official statement at that time, "a certain trader" quickly sold a large amount of ETH through market orders within 12 minutes. Interestingly, at the time, some people analyzed that "a certain trader" was actually an official market-making robot, and "a large amount" of 100 million Ethereum was eventually sold for 20 dollars. However, for ordinary people, if you want to encounter this kind of opportunity for leak detection, unless you are bored and place an order in advance, such a price is fleeting, and you ca n’t seize the opportunity simply by hand speed. In fact, at present, many trading platforms have actually adopted corresponding price amplitude filters, which specify the maximum / minimum price range of pending order prices. Oolong trading is very rare. Even if luck hits and catches up, it is very likely that the platform will intervene and the transaction will be rolled back. This situation has not happened before. Only this time, the trader who had placed an order on Binance for more than a year, even if he successfully leaked and successfully withdrew the coin, it can only be said that he hit the Grand Canal. Safe moving of bricks Buying a certain kind of token on a crypto trading platform, and then selling the token to another trading platform, earning the price difference is a moving brick in the crypto circle. Moving bricks has been an arbitrage behavior since the birth of the transaction. It belongs to a very old business. Arthur, the founder of BitMex, who now operates a trading platform, and Xu Mingxing of OKEx, were once members of the army of moving bricks. . This kind of brick moving was the most prosperous at the end of 2017. At that time, trading platforms such as Bithumb in South Korea also called the "Kimchi premium" due to the price difference between other platforms. Moving bricks is a kind of risk-free arbitrage. Players use energy to gain profits, although the single profit is not much. However, with the maturity of trading robots and quantitative trading teams, the spread of tokens between multiple regions or platforms is often wiped out in a matter of seconds. Therefore, the profit margin of manually moving bricks is now very small. Of course, it is not to say that there is no opportunity. Such an opportunity to make money is indeed hidden under the volatile market. "Buy at a low price and sell at a high price, this is simply the most secure way to make money in a plunging market!" Investors are excited about cryptography. Starting at 6:30 pm on March 12, cryptocurrencies have experienced sharp fluctuations, while Binance and Huobi When the bitcoin spread between the three trading platforms and OKEx was the largest, it even reached more than 700 US dollars. The discerning player quickly discovered the opportunity, "For half an hour, I made more than 10,000 with a principal of 20,000 yuan. Such an opportunity is usually not available." Buy and sell orders executed by the above investors at almost the same time, with a spread of nearly $ 450 When it comes to moving bricks, time is money. It is definitely too late to shuttle between multiple trading platforms. Many investors have now transferred the "battlefield" to the platform that focuses on aggregated trading. "The aggregated trading platform integrates the depth of multiple platforms. As long as there is a price difference between supported platforms, users only use One account can be bought and sold on multiple platforms, and it can be operated in a few seconds. "Wu Ling, who seized the opportunity from the extreme market in these two days, made nearly 50,000 by moving bricks in just a few hours. Yuan, the principal is no more than tens of thousands of yuan. It is understood that there are already multiple platforms targeting the aggregate trading business on the market, and the opportunity to move bricks does not often appear, unless similar to the extreme market appearing in the past few days, or some unique tokens, there may be soaring and plunging. Opportunities, as a whole, are not met a few times a year, and they are fleeting. However, whether it is MakerDAO auctions, ultra-low-priced pending order transactions, or arbitrage moving bricks under the new situation, these opportunities to make money are actually small probability and cannot be used as conventional investment methods. These seemingly easy profits are in the end a few people. Many people are trapped in extreme quotes in stuns. Most investors have no assets left on the trading platform overnight. Maybe this also makes many investors lose confidence in the industry, but in fact, in the face of such a market, after finishing our mood, we are more learning from changes. Learn the reasons for this disaster, learn the logic of the main control panel, learn what signals were ignored before the disaster, and prepare for the next time. At the same time, we can also see the development of the industry. For example, when all centralized trading platforms are down, DEX can still be implemented despite various problems. I hope that everyone still has confidence in the blockchain and cryptocurrency industries. Finally, I would like to remind everyone that the recent market changes are unpredictable. Please pay attention to risks and exercise caution.
After the Bitcoin crash: do others fear me for greed?
At 6:30 pm on March 12, Bitcoin dropped from $ 7211 to $ 5555.55. The bitcoin price dived again this morning, slumping nearly $ 2,000 again in half an hour, the lowest fell to $ 3,782.13, a drop of more than 40% in 24 hours. According to the data of the contract emperor, only Huobi, OKEx, Binance, and BitMEX exchanges had a daily short position of 3.133 billion US dollars, which reached the highest in a single day in history. The number of liquidated positions exceeded 110,000, which was also the highest in a single day. Also on March 12, the S & P index fell 260.74 points, triggering the fusing mechanism for the second time this week. The Dow hit its largest decline in history, at 2352.6 points. The Nasdaq fell 750.25 points to 7201.8 points. This is the third time in the history of US stocks. This fuse has been 33 years since the first fuse, but only 4 days have passed since the last fuse. Buffett shouted, "I only lived this way in 89 years." It is reported that Buffett lost $ 6.8 billion last night. According to incomplete statistics, with the exception of the United States, the stock markets of 11 countries including Canada, Mexico, Japan, South Korea, Thailand, India, the Philippines, Indonesia, Brazil, and Pakistan plummeted. The five largest US technology companies, Apple, Amazon, Google, Facebook, and Microsoft, had a cumulative market value of $ 416.63 billion. The Bloomberg Billionaires Index shows that the top 15 richest people in the world lost a total of $ 46.4 billion. Market panic or pullback demand? Regarding the meltdown of U.S. stocks this week, Yang Delong, chief economist of Qianhai Open Source Fund, believes that the spread of the epidemic is not the main reason. It is more a decade of bull market for U.S. stocks. Some factors driving the rise of U.S. stocks are quietly changing, such as the Federal Reserve ’s interest rate There is not much space. Regarding this crazy drop in Bitcoin, Apocalypse Capital told InfoQ that there are two main reasons for this drop in Bitcoin: on the one hand, the bearish demand caused by the expected global economic downturn, and on the other hand, Bitcoin Callback requirements themselves. As we all know, Bitcoin will be halved in the second half of the year, but the trading market pays attention to speculation expectations. This round of rise has essentially halved the market. After hitting a high of 10500, Bitcoin is facing a callback demand. Of course, this round of downtrends is so rapid and there are only a handful of recurrences in the history of Bitcoin, which are inextricably linked to the decline in global stock markets, both of which are the result of expectations of a bearish global economy. However, Johnson Xu, chief analyst of TokenInsight, told InfoQ that the Bitcoin dip was mainly due to market panic, because some market participants bought bitcoins by buying mining machines, borrowing, etc., and expected to reduce their expectations by half. A linkage effect caused by everyone being too optimistic about the market. The market is overhyped because Bitcoin is halved, and some market participants are afraid to miss the opportunity to enter the market irrationally. The current market slump is driven by strong irrational behavior, which translates into a rapid downside response and quickly depletes market buyers' liquidity (flattening down). When the overall financial market panic or other unexpected events are caused by the New Crown virus and the global economic slowdown, market participants often seek to withdraw assets such as stocks and bitcoins and convert these assets into cash (cash is king). So has the recent gold sell-off. When the market panics, people ask for cash in the beginning instead of investing in safe-haven assets such as gold. At the same time, because gold is considered a high-quality asset, investors usually start with liquidity crunch and market panic. Cash in on good assets (because inferior assets are more difficult to sell in panic times). The Bitcoin crash this time has a certain connection with the decline in global stock markets, because the entire financial market is a globalized market, and there is more or less linkage between each asset. In addition, Forbes speculated that it may be because PlusToken scammers transferred bitcoins worth more than 100 million US dollars to the mixer, and then sold bitcoins, resulting in rising market supply.
Other people are greedy, I am afraid, others are afraid of me, greedy? In this case, should investors still expect "halving the market"? Johnson Xu believes that there is no such thing as a "half quotation", and most market participants are too optimistic about the halving of Bitcoin. Price fluctuations are not necessarily caused by halving, but may be caused by the sum of other factors. When everyone is saying that they are optimistic about the market, the existence of risk is ignored in the subconscious. At this time, the risk will be actually reflected, and the upside will gradually shrink. Bitcoin halving was written into the code, and it was not an accident. Bitcoin should be halved in a rational way. It is worth looking forward to, but not overly interpreting and speculation. However, Tianqi Capital believes that this plunge is a callback period for bitcoin's halving of the market, and each round of sharp decline also indicates the opportunity of the market outlook: cheap chips will be hoarded, waiting for the next wave of hype and explosion. Therefore, Tianqi Capital still believes that the market outlook of Bitcoin is worth looking forward to, provided that it is not frightened by the current fierce washing of the chips, after all, when the bear market is the worst, it is also when gold is everywhere. Regarding the future trend of Bitcoin, Apocalypse Capital stated that it should judge according to the current trend. In this round of market, Apocalypse Capital initially chose to follow the downward trend of May 18, and Bitcoin has gradually dropped from a high of 10,000 to 3150 points, so the big support level predicted by this round happens to be 3700 today. Near the point. Data monitoring shows that some funds are involved in this price range. But whether it can hold on to this support remains to be tested. If the 3700 support cannot be maintained, it is very likely that it will hit the US $ 2000 level. Tianqi Capital believes that this is the market's last line of defense. Long-term investment is recommended to buy some relatively stable targets, such as BTC, ETH, etc. The bear market will eliminate many currencies, but if it survives, it will shine in the next round. Johnson Xu believes that the plunge is also a test to promote the healthy development of the industry. Extreme market is a test for the entire industry, especially for infrastructure, risk management, etc., so it is still optimistic and supports the development of the industry for a long time. For current investors, Johnson Xu offers the following suggestions:
Other people are greedy, I am afraid, others are afraid of me, greedy.
Global financial markets have also undergone major changes. From the data point of view, I don't think Bitcoin has the attributes of a safe-haven asset, but this market can test whether Bitcoin has a certain risk-avoidance capability. This is a global world. We need to analyze various markets, not just the digital asset market.
In the long run, we are still optimistic about the digital asset industry.
Does Bitcoin have a fusing mechanism? On March 9, after the U.S. stock market crash triggered the fusing mechanism, the market began a discussion of "whether Bitcoin should set up a fusing mechanism". But at present, most people are not optimistic about the Bitcoin fusing mechanism. OKEx CEO Jay Hao said that the fusing mechanism is difficult to implement in the digital currency market. In the face of a highly volatile market, setting the fuse point is a difficult problem. At the same time, for a 7 * 24h market, when a certain exchange breaks down, the price difference between the digital currencies between the platforms will increase, leading to arbitrage, and the fuse mechanism will eventually become a decoration. Du Wan, the co-founder of Contract Emperor, also said that it is unrealistic to use a fuse mechanism in the currency circle. The fusing mechanism first violates the original intention of the decentralization of the blockchain, and at the same time, it will touch the interests of the top of the currency circle ecological chain. For example, large trading teams can no longer use pins to obtain large profits. When the market is panic, exchanges with a fuse mechanism may lose traffic to exchanges without a fuse mechanism because of the run effect of traders. It can be seen that the current risk aversion measures in the traditional stock market are difficult to transfer to the fickle currency market in a short time, and the regulation of this market still has a long way to go. Investors should still be cautious when investing.
In the virtual world, a bot is a program that is configured for repetitive actions. They are written to save a person from mechanical and monotonous work. The bots for trading cryptocurrency are no different from their counterparts in general: they are set to trade mechanically on the exchanges according to defined parameters. The simplest versions of bots buy cryptocurrencies when the exchange rate drops and sell when they grow. Since many people trade Bitcoin passively and therefore cannot spend much time analyzing the market, Bitcoin bots allow users to build more effective trades without having to stay in the market. Although the cryptocurrency market is much less developed than other financial markets, the digital nature of the market means that the technology didn't take long to keep up with the competition, even though it had significantly less time to integrate algorithmic trading Can I trust a trading bot? Due to the popularity and rapid growth of the crypto world, the cryptocurrency market is full of phishing bots designed to get your data to completely steal your money or personal account. The crypto exchanges are not responsible for the security of the user's money in the event of hacking your account. Also in the event that you transfer your personal funds and data to third parties. Be careful with the software you are using and pay attention to the other user's feedback. It is important to find a reputable trading bot that is free from coding errors and reduces downtime to a minimum. The security of the account for "stolen" information is on your shoulders. Main types of bots: A trading bot is software that interacts directly with exchanges (often using the API to obtain and interpret relevant information) and, depending on how market data is interpreted, places buy or sell orders on your behalf. Bots make these decisions, track market price movements and react according to the pre-defined and pre-programmed rules. Typically, a trading bot analyzes market actions such as volume, orders, price and time, although these can usually be programmed according to your taste and preferences. Trade bots Trade within a single cryptocurrency exchange, earn income by buying currencies at a low price and selling at a higher price. Arbitrage bots If they are the same trading robots, they only trade on multiple exchanges and earn income by buying currencies on the exchange where the price is lower and selling on another exchange where the price is higher. Although the spread between exchanges is now much narrower, they still appear from time to time, and trading robots can help users take full advantage of these differences. In addition, arbitrage can also be used by traders who want to include futures contracts in their trading strategies. They benefit from any differences between a futures contract and its underlying asset, taking into account futures contracts that are traded on different exchanges. Market creation - In order to implement strategies for creating markets, border orders for buying and selling must be defined in the vicinity of the existing market situation. When prices fluctuate - the trading bot automatically and continuously places limit orders to take advantage of the spread. Despite the fact that it can be beneficial in certain time periods, intense competition for this strategy can make it unprofitable, especially in conditions of low liquidity. Are trading bots useful at all? Trading bots react to the market. They collect the data needed for trading execution based on the analysis of the trading platform. However, the crypto trading platform can only tell "half the story" because many increases and decreases are based on other sources that cannot be programmed into a bot for analysis. What can I do to get the most out of the Crypto Trading Bot? The main rule: Coins in which you invest should be chosen very carefully. Tracking the latest developments in the market is also effective. You should look for a lot of clues as to whether certain trades are successful or fail. Well-made bots can be a tool that helps you stay one step ahead of the market. You can execute transactions based on the parameters of the developer or the parameters you set. Some of them even offer the opportunity to copy more established dealers and analysts - and fully assess their track record.
Dear CoinEx Users: I am Haipo, CEO of CoinEx. The Chinese New Year has just passed and the coronavirus outbreak casts a shadow on society and our hearts. At this moment, I sincerely hope that everyone stay safe and healthy. From December 24, 2017 to today, CoinEx has been with you for more than two years. Having experienced a rebirth in 2018, CoinEx embarked on a new journey since last year. “Do something that can change the real world with the blockchain.” This is my original intention to create CoinEx, and I hope more people will get to know blockchain through CoinEx. CoinEx always bears in mind the ambition of putting the blockchain to good use and making the world better. 2019 witnessed how CoinEx consolidated the foundation for its ambitions. CoinEx Accelerators, futures, options, CoinEx Lending, CoinEx DEX, CoinEx Chain, the key account privilege system, and a new value system for CET… We have completed what may take others four or five years, but we also know that a complete ecosystem is the first step to achieve our ambitions. CoinEx still has a long way to go, and what we are doing now is just a small part. With the arrival of 2020, the blockchain world has embraced its eleventh year, and CoinEx has also ushered in its third year of growth. I am very grateful to every user who has always been supporting CoinEx. It is your encouragement along the way that makes it possible for me to share with you our progress in 2019 and look into 2020. Now I’m going to explain to you in details of what CoinEx has gone through in the past year and every new breakthrough it has achieved.
First, users are our first priority: 24-hour online customer service and key account privileges
“Users first” is the service principle that CoinEx has always implemented, and the ultimate product experience is our basic practice in abiding by this concept. As the chief product experience officer of CoinEx, I deliver one idea to the team on many occasions, that is, the most important for a product developer is the ability of instantly changing from an expert to a novice so that he or she can judge and design the product from users’ perspective. We want CoinEx to be a product that can be operated with ease even by a novice and a digital asset service platform that serves as a wallet. I believe that’s exactly what CoinEx means to its users as we really did it. In addition, in order to serve users around the world, we have launched versions of ten languages, respectively Arabic, Italian, Malaysia, German, Ukraine, Portuguese, French, Turkish, Vietnamese and Indonesian, in 2019. CoinEx has become a global trading platform with the most languages. High-quality and efficient service represents our efforts to implement the “users first” concept. In 2019, CoinEx’s global customer service team expanded four times on the original basis, and gradually improved the customer service system in practice. At CoinEx, every customer service personnel must be strictly selected and trained from interview to induction. We strive to ensure that each customer service personnel can be timely, meticulous and professional in answering users’ questions so that our users can enjoy high-quality services. As long as you have any doubt, the CoinEx customer service team will be there for you around the clock. On September 26, 2019, after months of user surveys and reference to the VIP service cases of hundreds of Fortune 500 companies, we officially launched a privilege program for key users. We must never be unworthy of every user’s trust, and we want every key user to enjoy his or her privileges at CoinEx. In addition to basic customer service, we provide them with “customized fast services” and “customized value-added services” from three aspects: the account, transaction, and service.
Second, build a complete product system: spot, futures, leveraged trading, options, perpetual contracts, CoinEx Lending, and Accelerator
In order to meet users’ diversified trading needs, we have refined our products carefully, and now we have established a complete product system covering spot, futures, leverage, options, perpetual contracts, wealth management products, and high-quality project accelerators. Spot Trading To enrich the asset classes of the spot market, the CoinEx Research Institute has dedicated itself to exploring and screening of global blockchain projects last year. At the end of 2019, there were 100 asset classes on CoinEx, a success in fulfilling the target set at the beginning of the year. For trading depth, we have introduced preferential policies for market makers, which is to cooperate with excellent quantitative teams in the market and run operating campaigns to increase our asset liquidity. Futures Trading On July 15, 2019, we launched a new trading service — futures contracts, and opened five major trading markets: Binance Coin, Huobi Token, OKB, Polkadot, and Telegram Open Network. At the same time, our original Call Auction along with Short-term/Long-term price limit ensures the stability of Futures market and large fluctuations in futures prices can be avoided. Leverage Trading In 2019, we launched a leverage trading function that allows users to invest more with small funds. Perpetual Contracts In addition to futures trading, we have also developed perpetual contracts to support the trading of digital currency futures such as BTC, BCH, LTC and ETH to meet the needs of professional traders for high leverage and arbitrage, inter temporal arbitrage and hedging. In the long run, such market is of great positive significance for digital assets. Options Trading In August 2019, we successfully launched a new derivatives trading market — options trading, a financial instrument based on futures. Compared with futures trading, options trading features lower risks, helping investors to profit from multiple dimensions. CoinEx Lending We launched CoinEx Lending, a wealth management product, which improves our derivatives services and provides users with an additional option for the pursuit of a stable investment. CoinEx Lending will distribute 70% of the platform’s interest from leveraged. Users only need to transfer the idle assets to CoinEx Lending to enjoy daily revenue, further enhancing their asset utilization. Excavator of quality projects: CoinEx Accelerator For the past decade since the birth of the blockchain, digital assets and projects have been driving the blockchain to realize its value step by step. As an important exploration of the application of blockchain technology, blockchain projects are often In 2019, after rigorous screening and in-depth research by the CoinEx Research Institute, the CoinEx Accelerator screened 13 premium blockchain projects including SEELE and BNN for users. These projects have proved excellent in both technology and asset appreciation. Among the ten projects with the highest return on investment according to media statistics in 2019, technology-based SEELE was included in the list with a 400% increase. At this point, CoinEx has completed the construction of the entire ecosystem for the product system. The cornerstone of the product has been solidified. What we need to do next is to make every function and service perfect.
Third, optimize the team structure and do something interesting with great minds
I once said that I wanted to create a company that is very fun, interesting, and awesome where some great minds are working on something exciting together. I have created the fun and interesting part. The main task of the past year is to find those great minds to join me. In 2019, the team went through a period of confusion and groping. There are some problems in terms of both staffing and department collaboration. Fortunately, such troubles have been greatly relieved after two organizational structure adjustments. In September 2019, Eddie, former Marketing Director at Bitmain, officially joined the CoinEx team. Eddie is an all-rounder with extensive experience in market operation and team management. I believe with him working with us, CoinEx will make greater breakthroughs in team management and brand building in the future. In addition, we have attracted increasing outstanding talents for the past year, and have grown to a team with nearly 100 members. At present, we have established a complete team management system, incentive system and training system. I always believe that only when the team members are united as one and all do a great job, can we provide better services for users.
Fourth, it is the mission of a digital asset service platform to screen high-quality projects: to launch 100 high-quality projects
The abundant types of trading assets serve as the foundation of a digital asset service platform. In the past year, the CoinEx Research Institute has been committed to exploring and screening high-quality projects worldwide, increasing the types and number of tradable assets for users. I am proud to say that, as of December 31, 2019, CoinEx has launched 100 high-quality blockchain projects. We ensure that every project has undergone in-depth research and investigation by the think tank of the Research Institute, and is finally strictly appraised by the coin issuance decision committee before it goes online. We hope that each CoinEx user can avoid unnecessary risks and rest more assured in investment. In 2020, we will continue to improve the asset list on CoinEx and provide users with global high-quality blockchain projects to further realize the vision of global and professional cryptocurrency exchange service provider.
Fifth, build the most solid cornerstone of the blockchain: CoinEx Chain, CoinEx DEX, and CET
At present, the public chain, the cornerstone of the blockchain industry, remains the bottleneck of the industry’s development, and the key still lies in technological breakthroughs. In 2019, CoinEx also explored the third generation of public chains. Our solution is three dedicated chains in parallel to achieve both performance and flexibility. On Nov.11 last year, ViaBTC, Bitmain, Matrixport, and Bitcoin.com jointly launched the Mainnet of CoinEx Chain, a milestone in our journey towards the ambition. CoinEx DEX is the first application scenario of CoinEx Chain. It is the world’s first DEX dedicated public chain developed on the Tendermint consensus protocol and Cosmos SDK, under the leadership of my good friend Jiazhi Jiang, a senior blockchain technology expert. CoinEx DEX is friendly to ordinary users who have zero experience in digital assets, and has made many innovations in applications and wallets. After CoinEx Chain and CoinEx DEX went online, CET was also given higher value and mission. As the basic currency of the public chain ecosystem, it has more value sources than the income of the CoinEx platform. Now we can use CET to develop tools at CoinEx DEX, to open accounts, to purchase and modify account names, etc.
Sixth, CoinEx’s ecosystem and partners
In the past year, besides the fruitful results in products and ecosystem improvements, CoinEx has also gained many like-minded partners. Market liquidity team In 2019, CoinEx further upgraded the market maker’s preferential policies. Market makers on other platforms or other excellent maker strategy teams can directly match CoinEx market makers and enjoy privileges at a negligible rate in CoinEx. CoinEx Chain nodes On October 16, 2019, CoinEx Chain officially launched the global Node Election plan. We set off from Shenzhen to places such as Beijing, Shanghai, Hangzhou, and Singapore to host offline campaigns. It’s easy to make new acquaintances, yet those who share the same ideals with you are hard to find. So we really cherish the cooperation with dozens of peers such as Matrixport, Hoo, TokenInsight, BTC.com, Bitcoin.com, Ant Mining Pool, Wayi, and NNB in the construction of the CoinEx Chain ecosystem. CoinEx Ambassadors Of course, CoinEx cannot grow without a group of special partners around the world — CoinEx Ambassadors. They commit themselves in work such as community building, promotion and product translation. They all contribute their share to CoinEx. I would also like to take this opportunity to express my gratitude to the CoinEx Ambassadors.
Seventh, keep moving forward in 2020
The year 2020 is a very special year. A considerable part of the important national strategic goals are set to be achieved in this year. Based on an intergenerational interval of a decade, we have entered the third generation of the 21st century. It is also a year of special significance for CoinEx. This year we will comprehensively upgrade our products to further enhance users’ experience, keep launching high-quality assets online at a steady pace to meet users’ more diversified demands for trading assets, accelerate globalization and compliance across the world, and launch a new Ambassador Program to drive the construction of CoinEx’s community. As for the CoinEx Chain, we will focus on the development of the Smart Chain, perform two hard fork upgrades on the DEX Chain, and introduce high-quality stable coins, Defi and other applications.
Blessings for the Future
The blockchain industry is still in its early stage of development, and huge room for growth is expected in the future. What we have to do is to continuously improve our product and service quality, as well as to enrich asset types to better meet user needs. Again, I would like to express my gratitude to the users who have shown great patience and support to CoinEx, to the CoinEx Chain nodes who have trusted us enough, to the CoinEx Ambassadors who have contributed a lot to our development, and to partners who have been working with us along the way. I wish you all the best in the new year! Haipo Yang, CoinEx CEO February, 2020 https://preview.redd.it/im4kwke3wtg41.jpg?width=1092&format=pjpg&auto=webp&s=7bb452833f2fa827f06a80c034dca1fa71025c73
Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks.
They use the cryptocurrency to send large sums back to their home country, which has strict capital controls.
Previously the merchants used bitcoin for this, but when the market crashed in 2018 they switched to tether, which is designed to maintain parity with the U.S. dollar.
Despite longstanding questions about USDT’s collateral, in this market “nobody actually cares if tether is backed or not,” says one Moscow trader.
Vrrrrrrrrrrrrr….. The cash-counting machines were softly buzzing in an office with floor-to-ceiling windows overlooking Moscow’s landmarks. “Hear that sound?” asked the head of an over-the-counter (OTC) cryptocurrency trading desk — let’s call him ‘Oleg’ — who requested his real name and company be withheld. “You can hear it 24/7 in here.” Business is brisk thanks to a constant flow of Chinese merchants who come in daily with heavy bags of cash. Oleg said his OTC desk sells about $3 million worth of crypto every day. Most of it usually goes to China. But what’s perhaps most surprising is which crypto. Only 20 percent of Oleg’s sales are in bitcoin, the oldest cryptocurrency with the largest market capitalization. The other 80 percent is in the dollar-pegged token known as tether, or USDT. Tether’s best-known application is allowing crypto traders to move money between exchanges quickly to take advantage of arbitrage opportunities. But according to several Moscow OTC traders, it has at least one real-world use case – as the go-to remittance service for local Chinese importers. The total volume of USDT purchased by Chinese businesses can reach $10 million to $30 million daily, these traders said. “They accumulate a lot of cash in Moscow and need tether to transfer it to China,” said Maya Shakhnazarova, head of OTC trading at Huobi Russia, the Moscow office serving high-roller clients of Singapore-based exchange Huobi Global. It’s a simple process. “A client comes with cash, we register the price at exchanges, when we agree on a price, we make a deal,” Shakhnazarova told CoinDesk. “The client hands over cash and a wallet address, the seller sends USDT to the wallet.” Why tether? It has the usual advantages of crypto – no limits on how much money can be sent or where – without the volatility that makes most coins infeasible for moving millions across the border daily. Despite longstanding questions about USDT’s purported dollar backing, exacerbated by the New York State Attorney General (NYAG) court case against the issuing company Tether, the stablecoin usually trades around $1. The tether-for-rubles purchases often take place in offices like Huobi’s in the steel-and-glass skyscraper district of Moscow City. “There are a lot of OTCs here in Moscow City, a bunch of offices in every building, and the volumes for them all can reach several dozens of millions of dollars a day. It’s all paid for in cash,” Shakhnazarova said. Tether’s killer app Chinese grey-market importers used to rely on bitcoin before the 2018 bear market, another OTC dealer, Roman Dobrynin, told CoinDesk. As the price was ever-growing, merchants and the intermediaries helping them buy crypto could make some extra money along the way. But since the beginning of 2018, hoping that your bitcoin will still be worth the same or more at the end of the transfer became too risky. “As the price was going down, tether became much more convenient to use,” said Dobrynin. “China is totally reliant on USDT, they trust in it a lot, plus it’s very liquid.” His own clients are mostly Chinese, and they usually find him by word of mouth, connecting via Telegram. To buy or sell USDT for dollars from Tether itself, a trader must be verified through the company’s know-your-customer (KYC) process. However, since the token runs on top of public blockchain networks (bitcoin, ethereum and tron), anyone can receive or send it, and secondary trades are unrestricted. Tether did not respond to requests for comment by press time. Back in China, the merchants can exchange USDT for fiat easily, even though the People’s Bank of China banned fiat-to-crypto spot trading in September 2017, forcing the exchanges to move out of the country and limiting trading to crypto-to-crypto pairs. Chinese traders who need to liquidate crypto assets into Chinese yuan can still go to an OTC market maker, such as those registered on exchanges like Huobi and OKEx, to get matched with buyers and send them crypto after receiving a wire transfer via a bank, AliPay or WeChat Pay. Critics of Tether have long questioned whether the stablecoin was fully backed 1:1 with dollars, as the company long insisted. The NYAG case revealed that Tether had loaned a big chunk of its capital reserves to Bitfinex, an exchange with overlapping management and owners, leaving the coin only 74 percent collateralized by cash and equivalents. None of this seems to faze the Moscow traders or their Chinese clients. “Nobody actually cares if tether is backed or not,” says Konstantin Plavnik, chief operating officer of Moscow-based crypto derivatives exchange Xena. Confidence in Tether’s solvency relies on long-time habit and convenience: this market needs tether, so tether is trusted. OTC traders also point out that USDT’s daily volume exceeds its supply in circulation several times over, which indicates that people turn the token around multiple times during the day. For example, according to CoinMarketCap, on July 29, the 24-hour volume of USDT was recorded at $17.5 billion, while the total supply was just around $4 billion. The turnaround of tether is fast, so for the merchants using the token for remittances, whether it’s worth something or not matters only within one day. Large batches of USDT get transferred to China overnight and then exchanged for yuan, crypto entrepreneurs in Moscow told CoinDesk. “USDT will stay propped by the power of habit and trust of its users,” said Vladislav Bulochnikov, the head of product at crypto wallet app provider Chatex. “Even if it loses half of its backing — it’ll still be out there.” Skirting capital controls Stepping back, the Chinese government maintains strict capital controls, limiting the amount of foreign currency anyone can buy or sell to $50,000 a year. People can apply for an additional quota, but still the amount of currency they can buy and sell will be limited. In this situation, some Chinese have opted to use crypto to move money across the border, Bloomberg reported in 2017. The fact that Chinese merchants bringing cheap goods to Moscow’s shopping malls use crypto to move money around was all but officially recognized by the Russian authorities last year. Several large malls in the city account for around $9.5 billion of unregulated cash flow monthly, and most of the merchants are from China, said Yuri Polupanov, the Bank of Russia’s head of financial monitoring and currency control, during an event hosted by Thomson Reuters in Moscow in April 2018. These malls, located inside huge warehouses on the outskirts of Moscow, host multiple retail stands, selling mostly clothing, usually for cheap and for cash. They are shopping Meccas for people who can’t afford to spend much on their wardrobes and avoid even mass-market chain stores. “We see most of the revenue turned into cryptocurrency, which is not reported in any way at the moment,” Polupanov said at the Thomson Reuters event, according to the RBK news agency. “We see simultaneous transfers of that cryptocurrency via email to the homeland of those merchants and producers, and the following exchange of it for the local currency there.” According to a March 2019 report in the Russian newspaper Novaya Gazeta, cash would be received at places like a hotel called “Druzhba” (“Friendship” in Russian), located next to the shopping mall named “Moscow.” Then this cash would be swapped for crypto and sent to Hong Kong. The wholesale trade offices at Druzhba could be turning around $10 million to $12 million daily, Novaya Gazeta’s sources estimated. The operations were ceased for a short time after police raided the hotel, along with the malls mentioned by the Bank of Russia, in March of this year. Small crypto desks are still functioning at those malls, OTC trader Dobrynin believes, though they likely don’t provide the volumes merchants need. Outside traders are often afraid to go to those areas to make deals as things can get dangerous there, he said, explaining:
“The personnel working there can sell somebody information about how much money you have, and some armed people can meet you on your way back. People go there only with armed bodyguards.”
Wolfie Zhao contributed reporting. Russian ruble and Chinese yuan banknotes, image viaShutterstock
If REAL currencies would be traded on a bitcoin exchange...
It would be horrible! Look at these examples and see why: EUUSD usually has a spread of 2 pips. Suppose the current course is 1.3000, so 1.3000 bid, 1.3002 ask. So to turn a profit (not using limit orders) you would have to "only" beat the market by 1.3002/1.3000 =~ 1.00015 = 0.015% ! MtGox lowest fee is 0.25%, more than ten times that of the average EUUSD spread... Not to mention that most people don't have huge volume and still trade probably somewhere on 0.5% and 0.4%. To continue the example, suppose you could trade EUUSD on MtGox, and would buy at 1.3000, to break even then you would have to sell at least at 1.30325! That is 30 pips. A HUGE MOVE in forex terms. As long as exchanges will operate under these abysmal fee strucutes, bitcoin will remain a laughing stock instead of a tradeable financial instrument.
An incredible comment about bitcoin from a zerohedge reader from May/2017
http://www.zerohedge.com/news/2017-05-31/ethereum-forecast-surpass-bitcoin-2018#comment-9633923 "The deflationary aspects of a free market avalanche of investment capital into cryptocurrencies is terrifying, especially for a world that is drowning in debt represented by existing national currencies. Here's the frightening scenario : you owe several hundred thousand dollars or yen or euro on your mortgage and other debt. Your employer is pretty hip and they start paying you in this new cryptocurrency because they see the currency rising so they have transferred all the company's cash assets including payroll into a cryptocurrency. They hope the transfer will lead to increased bottom line earnings for the company, since the cryptocurrency keeps rising and that means the company may enjoy a currency arbitrage profit as their former currency not in crypto keeps rising and providing profits. For you, the new payments in crypto are great, because by the time you finish paying your bills each month your paycheck has risen in value...so its like getting a bonus with every paycheck ! What's even better, you easily transfer enough cryptocurrency each month into dollars because the mortgage servicer who you sends your mortgage to specified in the mortgage agreement that your payments will be in dollars. So too did the credit card companies. So you translate some of your crypto paycheck into dollars and pay your debt bills. Here's where it gets interesting... The mortgage servicer and the credit card banks receive your dollars as planned. But like you, they are having to start transacting more business in cryptocurrency as the world marches toward the brave new world, and so the dollars they are being paid by you to settle your debts with them are becoming less and less powerful in terms of how much cryptocurrency those dollars can buy. In real buying power terms, the banks you owe money to start losing buying power when they have to translate dollars they are paid into cryptocurrency, and that is causing the banks to suffer loses to its overall earnings. When banks start losing money, they become more cautious and lend less money. There will be the constant losses doe to currency translation from dollars to crypto, along with risk managers in the banks cautioning not to make new loans in crypto because the more the crypto rises in value against existing currencies, the more likely will there be a correction in crypto value that means the crypto collected on the new loans will be worth less than the crypto lent. When banks reduce their appetites for making loans, economies slow down and suffer. The gain that indebted consumers made from the cryptocurrency translation resulted in offsetting losses for banks. Since there are a lot fewer banks than borrowers, the gains for each individual borrower are a lot smaller than the huge losses that the banks will take in receiving loan payments in a currency that is in free fall because of the supply-demand equation for the more favored crypto. What you then have is a mortgage crisis like in 2007, magnified several times over. In the mortgage crisis, individuals received small benefits by living in homes without paying mortgages, while banks and holders of mortgage backed security liabilities died a death of a million slashes as they absorbed all of the defaults. This time it will be far far far worse. What makes this scenario even more catastrophic is that in order to stay in business, the banks will need massive capital infusions from governments, just like last time. But since governments cannot mine cryptocurrency like they could print currency, whatever infusions of liquidity they make to the banks to save them will simply serve to push the value of cryptocurrencies higher, causing this entire process to multiply to the point of runaway reaction. Cryptocurrency mining procedures are just too small and difficult and time consuming to be useful in a liquidity starved world. The solution, of course, is to pull the cryptocurrency plug once the problem appears. But as we see time and again in financial crises, by the time the problem appears its way too late to take corrective action that would avert a catastrophe. So that's where the world unwittingly is going, and because governments have lost so much trust in their constituencies, and also because they have shown an incredible set of blind eyes to work on fixing problems, this deflationary firestorm will occur and destroy the world's financial system. There is a huge amount of money to be made on all of this, just think about who gets hurt if the major banks really fail and the governments are unable to save them. Bank stocks, industrial stocks, home builders, home furnishers...basically everyone. This is the one scenario in which the stock market could not even be saved by the government printing press...what an interesting idea ! So from an investment standpoint, the growing wave into cryptocurrency will provide the investment opportunity of a lifetime. Its the perfect storm...it combines the seemingly universal dislike of government intervention to prop up highly overvalued stock markets so the rich get richer while the working person cannot get a decent raise, with the also seemingly universal desire to keep the internet free and beyond the clutches of government regulation. It gets rid of these dastardly Central Banks that have done nothing to help anyone but that same wealthy one percent that benefits from zero percent interest rates, and individuals love the perceived strength that a currency freed from government entanglement means to a free world. Everyone sees the nirvana, but hardly anyone understands the devastation that deflation has on a world so over-leveraged on debt. Interestingly, the winnings from this deflation have nothing to do with whether you decide to put a few thousand dollars into Bitcoin so you can look cool to your kids and co-workers. No, the profits in this one will be in the old school avenues, assets denominated in the old currencies that crypto is looking to replace. Imagine shorting Goldman's stock and actually seeing it drop and stay down. Or seeing Berkshire Hathaway put that old man who has been a beneficiary of his time sink into oblivion and turn the old wizard into an old fool. The most interesting times in the financial world occur when the world moves from one age to another. Think of agrarian to industrial, industrial to government/military, and now government/military to information age. At all of these interfaces, the seams were sharp enough to cause a terrible rip in the fabric of the world economy, and winter came in the form of global depressions to wipe away the old leaves and dead wood. Cryptocurrency will be the death knell of the government/military age, because it takes government out of controlling the money. There will be a new money with millions of new overseers and a free market that replaces the dominance of small cabals of government bureaucrats who dictate the terms of commerce in the world. That seam is going to be greater than most in the past, because of the magnitude of what is being replaced and the terribly ripe condition that exists to be replaced. The interface will be epic, the transition states along the way will be horrific. Remember what Brad Pitt cautioned in The Big Short :"...for every one point rise in the unemployment rate, 40,000 people die". That relationship will rise when this nightmare takes hold. It’s so interesting how a development led by young people - the advent and expansionary use of cryptocurrency - still will be subject to the old rules of society. The axiom "may you live in interesting times" - originally intended to be a cautionary advisory - along with the caution to "be careful what you wish for as it might come true" both ring in my ears as I contemplate how cryptocurrency will be the bleach that washes away the excesses of a dying age in favor of the birth of a new one. Economic depressions are magnificent social colonics, as they wash away all of the filth that accumulated in the prior age. Every bad thing that you saw on display in the lead up and psot script of the financial crisis is about to be gutted and burned. Yet the world will enter its new economic age hamstrung by the pains of paying a severe penance for its foolishness of the age it is putting to rest. The best thing about economic depressions is that the greatest transfers of wealth - usually from the haves to the have nots - occur in these times. So if you really believe that cryptocurrency is here to stay and the next big thing of the future, then take precautions now and get yourself in position to be one of these beneficiaries of the transferring wealth. Have your plan ready, you will know when its time to execute. Fortunately for the foolishness of the Gods of the old world, they have put up the prices of assets so high that you will have plenty of time to get onboard when the train starts heading down the mountainside. Enjoy the ride !" -Harry Lightning
When you buy BTC or any other currency on an exchange where the price is lower, you can make a profit by selling on an exchange where the price is higher. Deals are calculated based on your account balance; Choose between crypto and fiat arbitrage opportunities; Fees taken by exchanges are included within the profit; 24h Opportunities % 24h Biggest profit. Arbitrage is integrated with Binance ... Traders Finding More Arbitrage Opportunities in Bitcoin As bitcoin (BTC) experiences vertigo-inducing gains, cryptocurrencies are breaking out of a period where they followed or even lagged behind ... By analyzing the market price, if Bitcoin, for example, is being traded from $10,152 to $10,865, you start by scouting for the crypto exchange that sells the $10,152 Bitcoin and buys it, then sell it to the exchange that buys the Bitcoin at $10, 865. You earn a profit margin of $713. Opportunities. You can identify opportunities in arbitrage between exchanges by taking into consideration the ... Automated Crypto Arbitrage Trading ... When you buy BTC or any other currency on an exchange where the price is lower, you can make a profit by selling on an exchange where the price is higher. How does it work? We offer a very simple and intuitive interface that will allow you to become an expert trader. You can easily configure multiple bots across different arbitrage paths and exponentially ... 2. A Simplified Example of Arbitraging Bitcoin. Let’s take a simple arbitrage example in order to illustrate how arbitrage is done. At the time of writing, the price of Bitcoin on Bitstamp is $11,561 while the price of Bitcoin on CEX.io is $11,645.. The difference between prices is $84, and this is quite a decent opportunity for arbitraging.
Do NOT overlook the arbitrage opportunities that are out there today. Don’t be side-tracked by today’s green activity and wondering whether the next bull run... Never miss a trade or market insight: https://twitter.com/AlecZiupsnys https://twitter.com/TheJasonJenkins RISK DISCLOSURE: Trading contains substantial risk... Making money from Arbitrage has never been so easy in this video you will so how easy and fast it is https://jonnyblockchain.com A currency arbitrage is a st... Given the volatile nature of Bitcoin, Arbitrage opportunities are readily available. In this video, Michael Robinson looks at various opportunities for Bitcoin Arbitrage & explains how ordinary ... The top two exchanges have a price differential of $4,000. Has anyone taken advantage of this?