Justin Sun Accuses Filecoin of Being an Exit Scam As ...

Justin Sun (Tron) and Warren Buffet / Bitcoin chart (Bear vs. Bulls)

Justin Sun (Tron) and Warren Buffet / Bitcoin chart (Bear vs. Bulls) submitted by bvadams1835 to cryptovideos [link] [comments]

An In-Depth Guide to: How do I Fix my Ledger Nano’s Stuck Ethereum Transaction?!?!?! (It’s Been Stuck for Weeks and NOTHING Traditional has Worked!!!!) As Well as: How Do I Choose My Nonce??? I’ve Tried MetaMask, MEW/MyEtherWallet, and Others, but Nothing is Working Correctly!!! I’m Dying by Stress!

So, if you were like me 1-2 months ago, you’ve probably already gone through 2,or 3, ...or 40 articles and guides that probably say something like:
“YeP, eVeRy EtHeReUm UsEr WiLl EvEnTuAlLy HaVe ThE LoW-gAs ExPeRiEnCe, YoU’rE nOt AlOnE! DoN’t FrEaK OuT tHoUgH; ThErE iS a WaY tO fIx It!”
Chances are, every time you read another useless article, you want to kill the nearest inanimate object, even though it was never alive in the first place. Nonetheless, you’re gonna kill it as much as it can be killed, holding nothing back; or, you’re just plotting to and slowly getting closer to executing the plan (and the object) every time you are insulted once again.
However, if you have the ability to download software (MyCryptoWallet) on a PC, it should be safe to relax now. I think you’ve finally found some good news, because I am 99.99...% sure this will work for the issue that so many people are having at this time, around the end of the month of May, year 2020.
More and more people are likely to be having this issue soon, since Ethereum's gas prices have been insanely high lately as well as having 300% price changes in a matter of minutes; Etherscan’s Gas tracker is nearly uselessly-inaccurate at this time. I've heard that there's a congestion attack; that was said a week ago, and it appears to be ongoing... (I can't think of any other suspect besides Justin Sun to blame it on... it must be incredibly expensive to overload the blockchain for this long... I may be wrong though...)
 
Let’s begin
For myself, I was trying to send an ERC20 token when this dreadful issue attacked. Specifically, the token was either BSOV or GRT; I sent them 1 after the other and the first succeeded, and the second one took over a week.
(They’re both great tokens in my opinion and deserve much more attention than they’ve been getting. BSOV is nearing its 1 year anniversary as I write this, and GRT is still in its 90 day community-development progress test, so of course I'm gonna take this opportunity to "shill" them; they are great tokens with great communities).
I was able to finally fix it, after a week of mental agony (also the txn finally processed 1-2 hours before I found the solution, robbing me of the gratitude of fixing it myself... (╯‵□′)╯︵┻━┻ ...but now I guess I can hopefully save some of you the headaches that I endured... ) I’m providing the ability to do the same, in a step by step guide.
Why did I go through all of this trouble? I'd fault the fact that I have ADHD and autism, which in my case can multiply each other’s intensity and cause me to “hyper-focus” on things, much much more than most with the same qualities, intentionally or not. Adderall is supposed to give me a bit of control over it, but except for in a very-generalized way, it’s still 90% up to chance and my default-capabilities to allow me control over my attention with self-willpower. But also Karma and Moons pls... ʘ‿ʘ
 
  1. In MyCrypto, (I'm using the Windows 10 app, version 1.7.10) you will open to a screen that says "How would you like to access your wallet?". Choose Ledger, of course. (Unless your here for some non-ledger issue? Idk why you would be but ok.)
  2. On the next screen (having your nano already plugged in, unlocked, and opened into the Ethereum app) click "Connect to Ledger Wallet"
  3. A screen overlay should appear, titled: "Select an Address". Here is where it may get confusing for some users. Refer to "AAA" below to know how to find your account. (Geez, sorry lol that was a huge amount of info for a reddit reply; I might've over-elaborated a little bit too much. but hey it's valuable information nonetheless!)
  4. After escaping the "AAA" section, you'll have accessed your account with MyCrypto. Awesome! To find your ERC20 tokens, (slight evil-laughter is heard from an unidentifiable origin somewhere in the back of your mind) go to "AAB".
  5. (You may have decided to find the token(s) on your own, rather than daring to submit to my help again; if so, you may pity those who chose the other path... ~~( ̄▽ ̄)~~) Now, once you've added your token, you should revert your attention to the account's transfer fill-out form!
  6. I'll combine the steps you probably understood on your own, already. Put in the address that your stuck transaction is still trying to send currency to. If an ERC20 token is involved, use the drop-down menu to change "ETH" to the token in trouble. Input your amount into the box labeled... wait for it... "Amount". Click on "+Advanced".
  7. Refer to Etherscan.com for the data you will need. Find the page for your "transaction(txn) hash/address" from the transaction history on the wallet/Ethereum-manager you used to send from. If that is unavailable, put your public address that your txn was sent from into the search tool and go to its info page; you should be able to find the pending txn there. Look to open the "more details" option to find the transaction's "Nonce" number.
  8. Put the nonce in the "Nonce" box on MyCrypto; you will contest the pending txn with a new txn that offers larger gas fees, by using the same nonce. If (but most likely "When") the new transaction is processed first, for being more miner-beneficial, the nonce will then be completed, and the old transaction will be dropped because it requests an invalid, now-outdated nonce. Your account will soon be usable!
  9. Go to the Gas Tracker, and it may or may not provide an informative reading. Choose whatever amount you think is best, but choose wisely; if you're too stingy it may get stuck again, and you'd need to pay another txn's gas to attempt another txn-fix.
  10. At the time I write this, I'd recommend 50-100 gwei; to repeat myself, gas requirements are insane right now. To be safe, make the gas limit a little higher than MCW's automatic calculation, you may need to undo the check-mark for "Automatically Calculate Gas Limit".
  11. Press "Send Transaction"!!!
  12. You will need to validate the action through your nano. It will have you validate three different things if you are moving an ERC20 Token. It's a good idea to verify accuracy, as always.
 
Well, I hope this worked for you! If not, you can let me know in a reply and I'll try to figure it out with you. I like making these in-depth educational posts, so if you appreciate it please let me know; I'll probably make more posts like this in the future!
( Surely this is at least far better than Ledger's "Support" article where they basically just tell you "Yeah, we haven't bothered to make a way to manually select nonces. I guess we might try to make that available for Bitcoin accounts at some point in the future; who knows? lol"... that's not infuriating at all, right?)
 
AAA:
Before I tell you how to find your address, I will first make it clear, within the italicized text, exactly which address you are looking for, if you are not already sure:
You may also skip the text written in italics if your issue does not include an ERC20 token, if you wish.
Ledger Live can confuse some users with its interface. On LL, to manage an ERC20 token, you first must go to your Ethereum account and add the token. When you then click on the added token under "Tokens" below the graph chart for your account's ETH amount over time, the screen will then open a new screen, that looks just the same, except focused on the specific ERC20 token. To confuse users further, there is then an option to "Star account", which then add the ETH icon with the ERC20 token's first letter or symbol overlapping, onto the easy access sidebar, as if it was another account of similar independency to the ETH account it was added to.
This improperly displays the two "accounts" relation to each other.
Your ERC20 holdings (at least for any and all ERC20 that I know of) are "held" in the exact-same address as the Ethereum address it was added to, which also "holds" any Ether you've added to it. You send both Ether (ETH) and any ERC20 Tokens to and from only Ethereum addresses of equivalent capabilities, in both qualities and quantities. In all basic terms and uses, they are the same.
So, to know what the problematic account's address is, find the address of the Ethereum account it was added to in Ledger Live.
Now, to find your address on MyCrypto, the most reliable way to find it, that I am aware of, is this:
Open Ledger Live. Go to the screen of your Ethereum address (again, this is the one that you added your ERC20 token, if applicable. If you're not dealing with an ERC20 token, you may ignore everything I've put in Italics). Click on "Edit account"; this is the icon next to the star that may look like a hex-wrench tool. On the new screen-overlay, you will see "> ADVANCED LOGS". Click on the ">" and it will point down while revealing a drop-down with some data that you may or may not recognize/understand. Likely to be found indented and in the middle-ish area, you will see this line, or something hopefully similar:
"freshAddressPath": "44'/60'/X'/0/0",
The "X" will probably be the only thing that changes, and the actual data will have a number in its place; it will not be a letter. Let's now put that line to use in MyCrypto:
Take the 44'/60'/X'/0/0 , and make sure you DO NOT copy the quotation marks, or that comma at the end either.
You can do this before or after copying and/or pasting, but drop the second "/0" at the end; it was not necessary in my case, I expect that you won't need it either, and will probably just make MyCrypto see it as an invalid input.
Okay, now go back to the "Select an Address" screen-overlay in MyCrypto.
Next to "Addresses", click on the box on the right, and you should be shown a list of options to select from in a drop-down menu.
Scroll all the way down, and you should find the "Custom" option at the very bottom. Select it.
A new box will appear; probably directly to the right of the now-shortened box that now displays the "Custom" option that you just selected. This box will offer an interface for typed input. ...yep... once again, believe it or not, you should click it.
Type " m/ ", no spaces before or after.
Type in or paste the data we retrieved from ledger live.
The box should now hold this:
m/44'/60'/X'/0
Again, X should be a number. In fact, that number is probably equal to the number of Ethereum (not including any ERC20 wannabe) accounts that you've made on Ledger Live before making the one we're working on right now! (1st Eth. Acc. would have: X = 0, 2nd: X = 1, 3rd: X = 2, ...)
Make sure you've included every apostrophe ( ' ), and solidus ( / ); there is NO APOSTROPHE for the "m" at the start and the "/0" at the end!
If you press the enter key or click on the check-mark to the right of where you typed, the appropriate addresses will be generated, and the address you created through Ledger Live should be the first one on the list!
Select your address and press "Unlock", and you are now accessing your account through the MyCrypto app's interface!
 
AAB:
In order to access your ERC20 token, you will need to add them first.
You may have to scroll down, but on the right-side of your unlocked account screen, you'll see a box with "Token Balances" as its header.
Click "Scan for tokens". This may take a short bit of time, and when it's done it may or may not display your ERC20 token. If it worked, you can head on back to the main part.
If you got the result I did, it won't display your token, or, if our result was exactly the same, it won't display any at all. However, you should now have the "Add Custom Token" option available, so see where that takes you.
You should discover four boxes, specified in order (Address/ Decimals / Token_Symbol / Balance). You may only need to fill in the "Address" box, but if you need to fill others, you'll find those with the token's address; here's 2 ways to find it, if you don't already know.
Method I:
Since you've probably already been managing your token with Ledger Live, you can go to the LL screen of your "account" for that token; Right next to the account's icon, and directly above the name, you'll see:
Contract: 0x??????...????????
Yes, go on; click it. You'll find the token's page on Etherscan; this was just a shortcut to the same place that both of the two previously referenced methods lead to. Skip to method... III?
Method II:
Go to Etherscan.com, or a similar Ethereum-blockchain-monitoring website, if you have a different preference. Search for the name of your token, and you should be able to see it as a search result. Activate your search manually of by selecting search option. Continue on with Method III.
Method III (Iⅈ what makes you think there was a third method? I said 2!):
At this point, you should find the "contract address" somewhere on the screen. This is the identity of the creature that breathes life into the token, allowing it to exist within the world of Ethereum. Steal it, and tell MyCrypto that you've left some of "your" tokens in the address of your ledger's Ethereum account. MyCrypto will trust and believe you without any concern or doubt, just by putting "your" contract address in the box for "Address"; it's almost too easy!
Well whaddya know, this one isn't actually too long! Don't tell anyone who may have taken a little longer whilst finding out how to do it themselves, though. There's value in trying to do something on your own, at least at first, so I'll let them think they made the right choice (¬‿¬). But take this star for humbling yourself enough to seek further help when you need it, since that is a very important life skill as well!
(o゜▽゜)o☆
Now, back to the useful stuff at the top...
 
EDIT: A comment below made me realize that this info should be added too. Here is my reply to the comment saying I could just use MetaMask. I said in the title that this guide is for questions where MEW and MetaMask aren’t working, but I guess it’s easy to miss. I used my u/caddark account to respond:
(Using this account because u/caddarkcrypto doesn’t meet the karma/age standards to comment; the post had to be manually approved.)
I guess I didn’t make it entirely clear; sorry:
The target audience for this guide is anyone with a stuck Ethereum transaction that was initiated through Ledger Live AND are experiencing the same difficulties I had encountered while trying to fix this issue for myself.
This wasn’t any regular stuck Ethereum transaction. Apparently before, there was an issue that made a Ledger Nano nearly impossible to connect to MetaMask (which is also Brave Browser’s integrated “crypto wallet” for the desktop version) and/or MEW (also perhaps any other browser wallets made for chrome and/or brave) that I heard was supposed to be fixed in a recent update. It might’ve been mostly patched, idk, but during my experience, (in which I was using the latest version of Ledger Live that is available right now,) that issue still remained.
The really weird part was that it successfully connected to the browser wallets again after I fixed the stuck transaction. At first I thought that somehow the txn was what was bugging the connection. However, later, during no txn issues, I was again unable to connect.
Seeing the same connection error again later, I opened up the MCW app I downloaded the day before, and was going to just use that. While in the process of operating MCW, I suddenly had another idea to try for the browser wallet so I went back to that just to quickly test it.
The browser wallet worked perfectly...
I don’t know how, but I think that somehow, something in MCW’s software, makes the browser wallets work. They don’t work for me without having MCW opened in the background first.
EDIT 2: Markdown decided to stop working after I did the first edit... I might fix it tomorrow... how did that happen though??? What did I do?
EDIT 3: nvm, I'm just fixing it now; I won't get much sleep tonight I guess.
submitted by CaddarkCrypto to CryptoCurrency [link] [comments]

5g = no dick no balls no brains no sex no species no life on earth

Living in low gravity with high radiation burns both balls and brains, even eyeballs.
Petrochemical genome perturbations will grow hair on your palms.
Why do we need bitcoin for poisonous drugs when they can be free and safe?
Saying drugs are bad and greed is good happened again in the 80s.
Like everything else its 100 years old. The human explosion is 70.
From 2,000 to 2030 petrochemical demand will exceed population growth by 7 times.
The small dip in growth called covid is a chart blip, and minor perturbation in onward growth.
Just like how the human emissions blip will not stop the runaway soil off gassing events of CO2, nitrogen gases and methane gases in the Arctic.
Urban material use is growing through the roof. Korea doesn't have enough land for green energy.
Green energy and Academic asphyxia are the leading causes of male extinction.
Nano petrochemicals and forever chemicals last forever, move up the food chain and drift north.
Roads are not made of hemp and green energy doesn't grow on trees.
The bright light EMF saturation of cities is inimical to plant and animal life, mostly bugs.
They had to kill a few thousand desert turtles to the bird and bug frying Ivanpah solar cookery.
Even dismissing the fact the bees are using my dog's brain to get apes to burn 5G pods, let's discuss material protocols and how there are none. We are saturated with chemical ninjas who are all just gay cousins to each other destroying all life on earth - all the way from the macro to the nano.
When Dow first said plastic was yummy we didn't know about eating 4 credit cards worth a month or breathing it.
Plastic doesn't recycle it turns into nanoparticles that are highly attracted to toxic chemical and metals.
They enter through everything to touch eat breathe drink and through your skin, lungs, nose and guts into your bloodstream and attacks the blood barrier to vital organs like your brain. Nano magnets from tires, brakes and exhaust attack inside the brain directly from the nose causing Alzheimer's in kids.
Petrochemical poison throughout the food chain are epigenetic poison that leads to male extinction. When you consider the nano particles in billions of wireless earbuds, the dog and poney show of recycling them with robots is absurd, each cycle only prolongs the inevitable build up petrochemicals that grow 7X faster than human population.
Saturating rural countryside with heavier EMF saturation will be the last straw for bees, they're already dropping like flies. E-waste is growing especially with wireless headsets alone. Each additional demand on hi tek throughput is inimical to genetic propagation. It's a cumulative death of a thousand poisons. It will end life on earth. Moore's law means more data demand, more data demand will kill the birds bees and fish. China is the forever land of forever chemicals. We can barely fly our jets.
Academic asphyxia is the leading cause of male extinction.
This may sound like a conspiracy but hi tek likes hi data growth, I know because I'm a hi info moron.
The same recycling trick is an endless gimmicks, gimmicks don't save planets from data growth.
God didn't make little green goats and don't rain Indian apples in the summertime.
The US is in the highest wildfire burning season in 20 years already, or some facsimile of that satement.
The urban EMF saturated urban warfare zones are for political hegemonic child traffickers and drug criminals, if legalized both drugs and abortions half our problems would be gone but the Pope is a pedo nazi from Argentina. Bernie Sanders and Justin Trudeau are pro pedo.
I don't care if you are pro pedo, EMF data saturation is destroying males across classes of species.
Even the queen bees are turning gay, and they're controlling the urban pod fires.
Both pods genes and bushes will burn with pro EMF data field saturation.
Noob Link: The Biological Demasculation Sterilization and Feminization of Males Across Species
I got a YT video in mind called Shadow Ban City with David Bowie's voice, if you would like to fund me send a million bucks, and I'll shutup.
Post Trigger: E-Waste A Disaster In The Making - Answers with Joe YT 20 min brilliant.org
I wouldn't give them a cent, but I like this guy. He might go extinct last. The good facts start at the 4:30 time mark. Good on Joe.
submitted by CommonEmployment2 to conspiracy [link] [comments]

5G = no dick no balls no brains no species no earth

Living in low gravity with high radiation burns both balls and brains, even eyeballs.
Petrochemical genome perturbations will grow hair on your palms.
Why do we need bitcoin for poisonous drugs when they can be free and safe?
Saying drugs are bad and greed is good happened again in the 80s.
Like everything else its 100 years old. The human explosion is 70.
From 2,000 to 2030 petrochemical demand will exceed population growth by 7 times.
The small dip in growth called covid is a chart blip, and minor perturbation in onward growth.
Just like how the human emissions blip will not stop the runaway soil off gassing events of CO2, nitrogen gases and methane gases in the Arctic.
Urban material use is growing through the roof. Korea doesn't have enough land for green energy.
Green energy and Academic asphyxia are the leading causes of male extinction.
Nano petrochemicals and forever chemicals last forever, move up the food chain and drift north.
Roads are not made of hemp and green energy doesn't grow on trees.
The bright light EMF saturation of cities is inimical to plant and animal life, mostly bugs.
They had to kill a few thousand desert turtles to the bird and bug frying Ivanpah solar cookery.
Even dismissing the fact the bees are using my dog's brain to get apes to burn 5G pods, let's discuss material protocols and how there are none. We are saturated with chemical ninjas who are all just gay cousins to each other destroying all life on earth - all the way from the macro to the nano.
When Dow first said plastic was yummy we didn't know about eating 4 credit cards worth a month or breathing it.
Plastic doesn't recycle it turns into nanoparticles that are highly attracted to toxic chemical and metals.
They enter through everything to touch eat breathe drink and through your skin, lungs, nose and guts into your bloodstream and attacks the blood barrier to vital organs like your brain. Nano magnets from tires, brakes and exhaust attack inside the brain directly from the nose causing Alzheimer's in kids.
Petrochemical poison throughout the food chain are epigenetic poison that leads to male extinction. When you consider the nano particles in billions of wireless earbuds, the dog and poney show of recycling them with robots is absurd, each cycle only prolongs the inevitable build up petrochemicals that grow 7X faster than human population.
Saturating rural countryside with heavier EMF saturation will be the last straw for bees, they're already dropping like flies. E-waste is growing especially with wireless headsets alone. Each additional demand on hi tek throughput is inimical to genetic propagation. It's a cumulative death of a thousand poisons. It will end life on earth. Moore's law means more data demand, more data demand will kill the birds bees and fish. China is the forever land of forever chemicals. We can barely fly our jets.
Academic asphyxia is the leading cause of male extinction.
This may sound like a conspiracy but hi tek likes hi data growth, I know because I'm a hi info moron.
The same recycling trick is an endless gimmicks, gimmicks don't save planets from data growth.
God didn't make little green goats and don't rain Indian apples in the summertime.
The US is in the highest wildfire burning season in 20 years already, or some facsimile of that satement.
The urban EMF saturated urban warfare zones are for political hegemonic child traffickers and drug criminals, if legalized both drugs and abortions half our problems would be gone but the Pope is a pedo nazi from Argentina. Bernie Sanders and Justin Trudeau are pro pedo.
I don't care if you are pro pedo, EMF data saturation is destroying males across classes of species.
Even the queen bees are turning gay, and they're controlling the urban pod fires.
Both pods genes and bushes will burn with pro EMF data field saturation.
Noob Link: The Biological Demasculation Sterilization and Feminization of Males Across Species
I got a YT video in mind called Shadow Ban City with David Bowie's voice, if you would like to fund me send a million bucks, and I'll shutup.
Post Trigger: E-Waste A Disaster In The Making - Answers with Joe YT 20 min brilliant.org
I wouldn't give them a cent, but I like this guy. He might go extinct last. The good facts start at the 4:30 time mark. Good on Joe.
submitted by CommonEmployment2 to DarkFuturology [link] [comments]

LOEx Market Research Report on July 21: The index has gone to the end of the triangle wedge, should watch more and less action to reduce the operation

LOEx Market Research Report on July 21: The index has gone to the end of the triangle wedge, should watch more and less action to reduce the operation
[Today's Hot Tips]
1. [The first L2 extension solution of ETC, Connext Status Channel, has been activated on the main network]
On July 21, ETC Cooperative officially announced that the first Layer 2 protocol extension solution of ETC, Connext State Channels, has been deployed on the ETC mainnet. The Connext State Channel will allow the ETC mainnet to integrate multiple second-layer solutions, absorb a large number of transactions, and achieve the scalability of the blockchain.
2. [Announcement of the first batch of innovative applications in Shanghai Fintech Innovation Supervision Pilot, including technologies such as blockchain]
According to the Securities Times, e Company, on July 21, the Shanghai Fintech Innovation Supervision Pilot Working Group publicized the first batch of 8 innovative applications in Shanghai on the basis of a wide range of projects. The first batch of innovative applications actively explore the cross-enabling of multiple cutting-edge technologies such as AI, blockchain, big data, and multi-party secure computing, and use FinTech to solve the pain points of information and trust asymmetry faced by small, medium and micro enterprises in financing, and create new models and methods for inclusive finance.
3. [Developer of Ethereum Testnet: Ethereum 2.0 Beacon Chain will be released in November]
According to Paradigm on July 20, the developer of the Ethereum multi-client testnet, Afri Schoedon, stated in an interview that the Ethereum 2.0 Beacon Chain will be released in November unless we find a serious error in the client or protocol. Afri Schoedon said that its estimated launch time is somewhere between Vitalik Buterin and Justin Drake (the Ethereum Foundation researcher). He believes that there is no need to postpone Ethereum 2.0 to 2021 unless key issues are found. In general, it is likely to be launched at the end of 2020.
[Today's market analysis]
Bitcoin (BTC)BTC rose slightly in the early morning, reached 9200 USDT in a short time, and then fell slightly to 9170 USDT. At present, BTC continues to fluctuate in a narrow range around 9170 USDT. Mainstream coins basically followed the trend of the broader market, rising slightly in the early morning and then falling back significantly. BTC is currently reported 9177.1 USDT on LOEx Global, an increase of 0.04% in 24h.
https://preview.redd.it/xz6s3i75b6c51.png?width=554&format=png&auto=webp&s=fa03d4ee39ee1ad20e962d0a4266564484fe4e60
The volatility of Bitcoin throughout July was too boring, and the stage was on the Altcoin side. The market will never only rise and not fall. When the tide recedes and the enthusiasm is gone, will the Altcoin and the big pie resonate and fall? Looking at the K-line chart above, the wedge-shaped sharp corners are getting more and more extreme, and they will soon face a change. High and sideways, maybe the main force will quickly hit the market, but it is also a fishtail market; otherwise, the risk is even greater. Here we can completely jump out and wait until the market is clear before making a trading plan. The gentleman does not stand under the dangerous wall.
The currency market index has reached the end of the triangular wedge, it is better to be cautious in the short term.
Operation suggestions:
Support level: the first support level is 9100 points, the second support level is 9000 integers;
Resistance level: the first resistance level is 9200 points, the second resistance level is 9400 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel
Register here to view it live: https://www.eventbrite.com/e/binance-off-the-charts-virtual-conference-tickets-108855951080

Gold Sponsors: aelf, VITE, Elrond Network, Alchemy, IOST

https://preview.redd.it/qleatsyvnma51.png?width=1102&format=png&auto=webp&s=2eabbe1439f2140f871f7eecdf883305a8a9fc06
Binance presents the “Off the Charts!” Virtual Conference, on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).

About this Event

On July 14, 2020, join Binance as we kick off our third anniversary with one of the biggest blockchain events of the year.
Get the latest news and updates on all things blockchain and crypto, and take an exclusive look at what’s coming next at our “Off the Charts!” Virtual Conference, a blockbuster 10-hour live event with multi-regional programming that brings together 80+ influential speakers, including leading blockchain and crypto innovators, business and technology leaders, influential academics, and key policymakers.
Expect to hear the latest insights on the blockchain ecosystem from some of the industry’s most prominent leaders and visionaries. Join our can’t-miss event with powerful talks, breakthrough panels, opportunities to win prizes, and much more.
The “Off the Charts!” Virtual Conference will feature five segments with spotlights on regions making a significant impact in the space: Europe & the UK, Asia-Pacific, Russia & CIS, Africa & Middle East, and North America & LATAM.
Discover an array of keynotes, panels, and fireside chats, on these following themes and more:
  • Powering Crypto Growth: Local blockchain trends and evolving technologies that are transforming crypto awareness and adoption.
  • Crypto Meets Traditional Finance: Exploring opportunities for integrated and parallel development.
  • Blockchain and Global Health: Crypto’s appeal in today’s volatile environment.
  • Policy and Regulation: Spearheading community initiatives through cooperation and investment.
  • Trading Strategies and Technical Analysis: Training and insights to improve your trading.
Hear from these speakers and more:
  • Akon - Chairman & Co-Founder, Akoin
  • Cliff Liang - Director of Solutions Architecture, Amazon
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Oleksandr Bornyakov - Deputy Minister, Ministry of Digital Transformation of Ukraine
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Changpeng Zhao (CZ) - Founder & CEO, Binance
  • He Yi - Co-Founder & CMO, Binance
  • Aarón Olmos - Economist, Olmos Group Venezuela
  • Alex Saunders - CEO & Founder, Nugget's News
  • Anna Baydakova - Reporter, CoinDesk
  • Anton Mozgovoy - Head of Product, Jthereum
  • Apolline Blandin - Research Lead, Cambridge Centre for Alternative Finance
  • Beniamin Mincu - CEO, Elrond
  • Bobby Ong - Co-founder, CoinGecko
  • Brendan Eich - CEO & Co-founder, Brave Software
  • Bruno Diniz - Managing Partner, Spiralem Innovation Consulting
  • Calvin Liu - Strategy Lead, Compound Labs
  • Camila Russo - Founder, The Defiant
  • Carlos Rischioto - Client Technical Leader & Blockchain SME, IBM
  • Carylyne Chan - Interim CEO, CoinMarketCap
  • Catherine Coley - CEO, Binance.US
  • Charles Hayter - CEO, CryptoCompare
  • Charles Hoskinson - Founder, Cardano
  • Charlie Shrem - Host, UntoldStories.Com
  • Chimezie Chuta - Founder, Blockchain Nigeria User Group
  • Darius Sit - Partner, QCP Capital
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Denis Efremov - Investment Director, Da Vinci Capital
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Eric Turner - VP, Market Intelligence, Messari
  • Erick Pinos - Americas Ecosystem Lead, Ontology
  • Ernesto Contreras Escalona - Head of Business Development, Dash Core Group
  • Eugene Mutai - CTO, Raise
  • Genping Liu - Partner, Vertex Ventures
  • Hany Rashwan - CEO, 21Shares AG
  • Harry Halpin - CEO, Nym Technologies
  • Hongfei Da - Founder, Neo
  • Igor Runets - CEO, BitRiver
  • İsmail Hakkı Polat - Cryptocurrency & Blockchain Lecturer, Istanbul Kadir Has University
  • Jamie Burke - CEO, Outlier Ventures
  • Jiho Kang - CEO, Binance.KR
  • John Izaguirre - Europe Ecosystem Lead, Ontology
  • John Khenneth Parungao - COO, SwipeWallet, Inc.
  • Jon Karas - President & Co-Founder, Akoin
  • Jorge Farias - CEO, Cryptobuyer
  • Joseph Hung - Director of Market Strategy, Klaytn
  • Joseph Lubin - CEO, ConsenSys
  • Juan Otero - CEO, Travala.com
  • Justin Sun - Founder, TRON & CEO, BitTorrent
  • Kristina Lucrezia Cornèr - Managing Editor & Head of Features, Cointelegraph
  • Ken Nakamura - CEO, GMO-Z.com Trust Company
  • Konstantin Goldstein - Principal Technical Evangelist, Microsoft
  • Kyle Samani - Managing Director, Multicoin Capital
  • Lucas Nuzzi - Head of Network Data, Coin Metrics
  • Mai Fujimoto "Miss Bitcoin" - Founder, KIZUNA
  • Matt Marx - Co-Founder, PhishFort
  • Meltem Demirors - Chief Strategy Officer, CoinShares
  • Mengdie Wang - CEO, Odaily
  • Michael Feng - CEO, Hummingbot
  • Michael Gu - Founder, Boxmining
  • Michelle Chivunga - Founder, Global Policy House
  • Mo Dong - Co-founder, Celer Network
  • Munachi Ogueke - Chief Business Officer, YellowCard Financial
  • Naveen Surya - Chairman, Fintech Convergence Council
  • Navin Gupta - MD MENA and South East Asia, Ripple
  • Nick White - Co-founder, Harmony
  • Nischal Shetty - CEO, WazirX
  • Pang Xue Kai - CEO, Tokocrypto
  • Paul Veradittakit - Partner, Pantera Capital
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Patrick Dai - CEO, Qtum Chain Foundation
  • Patrick Heusser - Senior Trader, Crypto Broker AG
  • Peter DeMeo - Global Market Development Leader, IBM
  • Priscila Yazbek - Editora de Finanças, InfoMoney
  • Rachel-Rose O'Leary - Researcher, Dark Renaissance Technologies
  • Rich Teo - Co-founder & CEO Asia, Paxos
  • Richard Yan - COO, Vite Labs
  • Robert Kopitsch - Secretary General, Blockchain for Europe
  • Roei Levav - CEO, Efficient Frontier
  • Rune Christensen - Co-founder, MakerDAO
  • Sam Bankman-Fried - CEO, FTX
  • Sandeep Nailwal - COO, Matic Network
  • Sean Rolland - Director of Product, BitPay
  • Senator Ihenyen - Lead Partner, Infusion Lawyers
  • Sergej Kunz - CEO, 1inch.exchange
  • Sergey Shayakhmetov - CBDO, Sberbank Blockchain Lab
  • Shi Shawn - Co-founder, Alchemy Pay
  • Sonya Kuhnel - COO, Xago & Co-Founder, Bitcoin Events & Blockchain Academy
  • Terry Wang - Co-founder, IOST
  • Thaise Saeter - CMO, Convex Research
  • Thamim Ahmed - Researcher, University College London
  • Tom Lee - Head of Research, Fundstrat Global Advisors
  • Tyler Spalding - CEO, Flexa
  • Veronica Wong - CEO, SafePal
  • Viktor Radchenko - Founder, Trust Wallet
  • Winpro Yan - Chief Editor, Mars Finance
  • Yele Bademosi - CEO, Bundle Africa
  • Zhuling Chen - COO, Aelf Blockchain
Stay tuned as speakers and more themes are announced in the coming weeks! For more details, read our blog post here and visit our event website here.
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Join Binance as we celebrate the standout innovators and businesses that have made sizable contributions, both to our community and to our blockchain ecosystem. Winners will be announced during our live event, and results will be published on our blog afterwards.
Register on Eventbrite today and tune in to the “Off the Charts” Virtual Conference on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).
--------
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submitted by Floris-Jan to aelfofficial [link] [comments]

Staking TRX now earning 13.5% (annual) makes ETH 2.0 irrelevant.

Just my $.02 (or <1 TRX):
October 23, 2018. Why is that date important? It's the last day ETH had more transactions that TRX and it hasn't come close since source.
If you're excited Ethereum 2.0 and staking, why? ETH has been on a "low-boil" for years, and has been playing catch-up to Tron since TRX split from ETH (Tron is a company after all, not a non-profit like Ethereum). ETH 2.0 doesn't even mention a privacy token, something TRON is planning for Q4 2020.
I'm earning an annual rate of 13.5% staking TRX right now (14.45% APY if you stake your earnings daily). With Tronwallet, you can even swap your earned TRX for Bitcoin, in the app!
Tron's biggest weakness is Justin Sun and the stupid shit he says. He has definitely pissed me off a couple times and I sold in the past. But between the two, ETH and TRX. ETH foundation sits on their arse and George RR Martin's the shit outta promising features while Tron actually gets shit done. I was flipping TRX/BTC back and forth but I'm sticking with TRX through this next bull run. TRX/BTC pair is the lowest its been since 9/2019, now would be a great time to buy imo.
I know ETH2.0 can theoretically support 15k transactions per second, better than TRX now but other than that please tell me why ETH 2.0 is better.
submitted by DocsDelorean to CryptoCurrency [link] [comments]

Removed comments/submissions for /u/OverLeveraged14

Hi OverLeveraged14, you're not shadowbanned, but 97 of your most recent 105 comments/submissions were removed (either automatically or by human moderators).

Comments:

ft8ds4z in CryptoCurrency on 07 Jun 20 (1pts):
bitcoin relies 100% on confirmation bias. everyone yells ''its amazing'' because they're financially biased, but they dont actually believe it. they just hope someone will pump their bags. to me the...
frm76ad in Crypto_com on 24 May 20 (1pts):
simply put, they dont support canadian banking and canadian dollars. at least yet. might change when they add debit card for canada since i would assume that will be denominated in CAD but i could...
frkvb1u in CryptoCurrency on 23 May 20 (1pts):
eth has a 5x premium on greyscale, i just dont understand how anyone can accept that lol. https://i.imgur.com/eeXlo9H.png
frkloxd in Crypto_com on 23 May 20 (1pts):
keep calm and eat jellybeans.
frkiibm in CryptoCurrency on 23 May 20 (1pts):
bitcoin answer to this is ''but store of value bruhh''
frkfuy6 in Crypto_com on 23 May 20 (1pts):
you can use it to go 1.5x leverage. loan 5k, buy btc, btc goes up, sell 5k worth and keep the difference. free real estate bruh! just kidding, leverage is dangerous :)
frk8jee in CryptoCurrency on 23 May 20 (1pts):
Zcoin, its an establish coin that's been around for a while, has some interesting stuff happening this year but mainly just looking at the chart is enough for me to take the risk. bought a...
frk6eir in CryptoCurrency on 23 May 20 (1pts):
beware of POS coins in general. it doesnt matter if you make 100% if the coin goes down 90%, you still lose 80% of your money. its fine to prefer pos over pow if you dont care about the security as...
frk5z26 in CryptoCurrency on 23 May 20 (1pts):
im sure Kenyans love paying half their wealth in fees.
frk5mht in CryptoCurrency on 23 May 20 (1pts):
fwiw, there's a loser on each side of a trade.
frk5hn6 in CryptoCurrency on 23 May 20 (1pts):
here's a little tip, if a coin has a sub coin to pay fees, its garbage.
frk5cdn in CryptoCurrency on 23 May 20 (1pts):
haaa yes, the indicators that rewrite themselves to make it look like they called the shots
frk4pia in CryptoCurrency on 23 May 20 (1pts):
i like cryptowatch. has standard list but also has charts and a few other useful views like this. https://cryptowat.ch/cards/assets also has a bunch of other...
frk2zzv in CryptoCurrency on 23 May 20 (1pts):
i cant wait for 1000sat/byte as a standard when btc hits 100k$! its gon be great! i really dont care if 90% of my paycheck vanishes in a transaction fee cause ill hodl till i die! i already threw...
frjwzk9 in CryptoCurrency on 23 May 20 (1pts):
well, at least he's not shilling a scam this time i guess?
frjvori in CryptoCurrency on 23 May 20 (1pts):
people didnt expect that kind of bull run in 2016, at least no that i remember. there was some hype early on in 2017, specially because of ETH, i still cant tel wheter or not btc rode on eth's...
frjt8r7 in CryptoCurrency on 23 May 20 (1pts):
eth by far. bitcoin is racing towards a dead end and everyone knows it but choose to ignore it and scream moon all day long. its sad but true bitcoin cant sustain anymore growth and there's no plan...
frjr53k in technology on 23 May 20 (1pts):
how about let it fucking sink so it can be bought for a penny on the dollar? only thing this system is doing is promoting irresponsible business management because ''why take precautions or innovate...
frjq6q8 in technology on 23 May 20 (1pts):
the best way to make you gmail inbox safer is to use protonmail instead haha.
frjg2ez in CryptoCurrency on 23 May 20 (1pts):
i can attest to this. i did a piece that shows how 4mb block would HELP bitcoin adoption AND decentralization and was banned for promoting BCH, which i havent talked about once in all of my...
frjfwao in CryptoCurrency on 23 May 20 (1pts):
no, its means goldman needs a conference call to tel investors not to buy bitcoin.
frjfehq in CryptoCurrency on 23 May 20 (1pts):
proof of funds is the scummiest bullshit ever created. allows institutions to literally steal money from legitimate users who cant provide a proof. its easy for freshly earned money now that we know...
frjbtml in CryptoCurrency on 23 May 20 (1pts):
it doesnt really matter how much the fed prints, because it wont leave the fed without someone taking the loans, and nobody wants a loan right now. theses funds mainly exist in order to prevent the...
frgj543 in politics on 22 May 20 (1pts):
why? its not like he has issues routing a billion dollars of public funds over to Ukraine.
frggmty in CryptoCurrency on 22 May 20 (1pts):
''in a nutshell'' dont hang out in bitcoin or btc, bitcoin has gestapo mods and btc is salt all day long.
frfp692 in WhitePeopleTwitter on 22 May 20 (1pts):
just go gamble 100x till you make it, ez.
frfoe8c in LifeProTips on 22 May 20 (1pts):
Discord my friend, Discord.
free9l1 in CryptoCurrency on 22 May 20 (1pts):
hahaha, no.
fredual in CryptoCurrency on 22 May 20 (1pts):
dw bout it, everyone pays to learn in this space. some later than others. better take your loses early on rather than get your illusion of success shattered down the road.
frdpvm8 in CryptoCurrency on 21 May 20 (1pts):
all you had to do is claim you hex, for free. if you dont pay for something, how are you getting scammed? you have no clue who gave him that eth, for what purpose, and if they're okay with him...
frdo9tl in CryptoCurrency on 21 May 20 (1pts):
lets be honest, sending them to an exchange that has ''Fren with justin sun'' written all over it was not exactly his most genius moment.
frde4ag in CryptoCurrency on 21 May 20 (1pts):
folding is great but it honestly pisses me off at the same time. there is so much spare computing power owned by american companies and almost all of it is never put to use for folding, it should be...
frddkuy in CryptoCurrency on 21 May 20 (1pts):
''investing'' in crypto is honestly the wrong way to think about it. gambling is a much better term. at best you're all in on btc and you're hedging against fiat inflation, at worst you buy any...
frdcffn in CryptoCurrency on 21 May 20 (1pts):
that explains why you know nothing about it.
frdaz60 in CryptoCurrency on 21 May 20 (1pts):
doubtful. negative interest rates in a deflationary environment wont be a big deal. yall really seem to misunderstand how good the USD is at fucking you over. keep believing hyperinflation is gonna...
frdantd in CryptoCurrency on 21 May 20 (1pts):
you havent seen nothing yet my man. 2017 had fees up to 100$. its gonna happen again.
frcveyn in CryptoCurrency on 21 May 20 (1pts):
considering he thinks bitmex sells trader's fund on spot after they place a trade, its fair to say this guy doesnt know anything about anything.
frcn75e in CryptoCurrency on 21 May 20 (1pts):
this is the dumbest article ever made on crypto.
frcmmkz in CryptoCurrency on 21 May 20 (1pts):
you're an idiot.
frcgfqm in CryptoCurrency on 21 May 20 (1pts):
while i agree that bitcoin sucks as it is and needs a block size increase (4mb would be perfect for now and wouldnt change a damn thing about decentralization) bsv is garbage and bch too.
frcg7pc in CryptoCurrency on 21 May 20 (1pts):
those 3 pools are also made of thousands of individuals. its not the pools' hashrate. if they start messing with the network, that hashrate will leave fast as fuck.
frc3yb5 in CryptoCurrency on 21 May 20 (1pts):
yet only 5mil in liquidity. useless network.
frbyhp0 in CryptoCurrency on 21 May 20 (1pts):
btc blocks should be 4mb-8mb right now to keep in line with technological advancement since the 1mb block limit was implemented. prove me wrong. ill debate anyone. and before you ask, im a btc...
frbxj5j in CryptoCurrency on 21 May 20 (1pts):
opening the pandora's box for market manipulation is a bad thing for wallstreet. these's patterns are not exclusive to crypto, at all, and ''trapping'' and stop hunts has been done for decades. this...
fr8anz5 in CryptoCurrency on 20 May 20 (1pts):
honestly wouldnt be surprised. btc isnt going anywhere without scaling and ln is a cluster fuck for adoption.
fr64v2n in Bitcoin on 19 May 20 (1pts):
rofl.
fr64mko in Bitcoin on 19 May 20 (1pts):
this is software or 3rd parties trapping people into having to use those fees.
fr649wf in CryptoCurrency on 19 May 20 (1pts):
that company is a fucking leech regardless how you look at it. trying to make itself relevant by attacking others. they arent doing anyone but themselves a favor. you can hate on XRP just as much as...
fr62m0n in Bitcoin on 19 May 20 (1pts):
this is absolute garbage propaganda to assume that nodes would drop out rather than upgrade. im so fucking tired of people pretending like buying a 400$ computer to run a node is a problem but...
fr61jya in Bitcoin on 19 May 20 (1pts):
supply is 18million, not 900/day. there's plenty to buy from. also if you are talking about paul tudor jones, he didnt buy a single bitcoin and said so himself that he would only be playing futures...
fr60yqv in Bitcoin on 19 May 20 (1pts):
store of value is NOT a use case, and bitcoin is NOT widely adopted.
fr5yqcw in Bitcoin on 19 May 20 (1pts):
" not really looking for financial advice " maybe you should.
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

The U.S. Federal Reserve says they have “infinite amount of cash” — what’s the impact on bitcoin?

Why BTC will drop to $5,000

A “death cross” formed on the BTC price, a top-down intersection of 50-day and 200-day Moving Average. This will lead to a price drop down to $5,000, Coindesk analyst Omkar Godbole thinks.
However, the drop will not happen immediately: for example, in the spring of 2018 the “cross”, bitcoin price first went up by 50% in a month, and then declined by 70% within six months.
The scenario will be cancelled if BTC can consolidate above $6,460, the analyst writes. Godbole also notes that similar crosses are forming on the Dow Jones Industrial Average and S&P 500 industrial charts.

Peter Brandt: Bitcoin price will drop by 50%

Well-known trader Peter Brandt believes that BTC will drop below $3,000. Responding to a comment on Twitter, Brandt posted a chart with a “descending flag” figure — if implemented, the price will go to the level of $2,700.
The trader also indicated that having declined below $7,500, bitcoin price broke the long-term support line and moved into a downtrend. Earlier, the analyst said that bitcoin will drop to zero after breaking this level.

Opinion: cryptocurrency will benefit from the crisis

Unlimited amount of U.S. dollars will positively affect bitcoin, trader Joseph Young believes.
“Fed printing unlimited money to pump markets = good for bitcoin
Devaluation of dollar over the long term = good for bitcoin
Short-term may be gloomy for bitcoin, but long-term prospect of it remains very bright,” Young tweeted.
A similar opinion is shared by Stack analyst Lennard Neo. He expects an influx of capital into cryptocurrencies due to the uncertainty central banks and governments actions amid the crisis.
CEO of Titus Investment Advisors Justin Gillespie notes that quarantine will strengthen the position of cryptocurrency. According to him, “The longer the people can’t go outside to conduct their business, the more useful the cryptocurrency should become as it can be sent and received from the safety of one’s home.”
submitted by bestchange_pr to bestchange [link] [comments]

Other things that change value every day that you don't bitch about

The latest trend I see from some crypto people (especially the ones who have a vested interest in BTC failing) is to attack BTC's store of value.
Justin Sun, tweeted recently that if Bitcoin was a store of value it wouldn't have wild price swings. My first reaction to this is, I thought Justin was a lot smarter than this...
My overall reaction is...what about all the other things we use in our daily lives. There is this ignorant notion that somehow a dollar is, and has always been a dollar. This couldn't be further from the truth. Because of inflation, capitalism, and other factors, a dollar in 1999 does not hold the same value as a dollar now. A dollar in 1999 could have bought you one gallon of gasoline depending on where you bought it from. Today that same dollar will buy 0.2-0.4 gallons of gasoline. In 1984 one dollar bought you 20 white castle burgers!
Yet, because people SEE a dollar they think it has the same value.
Other things we use daily that fluctuate in price
Health insurance gold milk bacon avocados chips all parts of the chicken beef lumber real estate even water
In fact my last water bill was 300% higher this past month than the previous month. No explanation was given.
Every time these things fluctuate in value, your fiat fluctuates in value. If you actually tracked the value of the dollar since its creation, its chart would look like a nose dive. Yet, currently there are about 9 trillion dollars in bank accounts, and other types of accounts in the US alone (with only about 30 billion in FDIC insurance...let that sink in)
The biggest stores of value in the US are stocks. Which fluctuate in value every day. Bitcoin has "wild price swings" you say? Dish network stock has lost 60% of its value in the last 5 years. In that same time frame Bitcoin is up 2500% to 4000%
Tell me which one you would have rather held over the last 5 years?
"But gold...gold is where you should put your money..."
If you bought gold in 2014 you're up 25% right now. Wonderful.
But if you bought gold in 2012 you're actually down 20% right now. But yet somehow gold, with an unknown amount of supply, and an unknown amount of demand, is the ultimate store of value. Oh by the way if you hadn't noticed, the price HAS fluctuated...alot.
But I've never heard anyone say you shouldn't invest in gold because the price fluctuates too much.
The most important point is...Bacon is too damn expensive and I no longer eat it!
Seriously though,,,Bitcoin beats everything...literally...as a store of value in terms of what's available. It doesn't mean it will always be that way. But if you're comparing BTC to dollars...there really is no comparison.
submitted by truffledust to CryptoCurrency [link] [comments]

Justin Sun Promotes a Potential Pyramid Scheme Game on Tron Network

Ironically, Justin Sun also kept pushing up Tron’s chart prices on his screen looking at the action. The prices have also surged partly due to Bitcoin’s [BTC] decisive price action as well. The “boxes” are expected to give rewards to their owners, while Justin is targeting to make $15 million today.
submitted by hellenjones260 to u/hellenjones260 [link] [comments]

Your Weekly /r/ethtrader Recap

Sunday, June 23 - Saturday, June 29
Top 10 Posts score link to comments
CNBC: "The decentralized internet (ETH) will be worth significantly more than store of value (BTC) 659 123 comments
On dopamine and cortisol (for hodlers) 398 73 comments
22:00 into the podcast - Atari is building a platform on Ethereum where developers are incentivized to work on different tasks related to game development. An Atari platform where anyone in the industry can log on and get paid to work. 380 26 comments
I expect the new Raspberry Pi 4 (4GB RAM option, external SSD) to handle an Eth2 validator node without breaking a sweat." -- Justin Drake 339 111 comments
ETH could soar to $900 312 141 comments
FT : Bitcoin’s second coming makes Wall Street think again on crypto 265 21 comments
Billionaire Investor Henry Kravis Makes First Crypto Investment -- Coinbase and MakerDAO 264 25 comments
Ubisoft developing Ethereum based games 218 29 comments
According to this chart, Ethereum is now exceeding 1 million transactions per day 214 33 comments
A Warning On Common Scams (Google Docs, Pump and Dump, ICOs, Fake Partnerships, Volume/Transactions) 182 12 comments
 
Top 5 Discussions score link to comments
The Race To Acquire 32 ETH For Staking Is About To Begin 138 82 comments
Today is an accumulation day 101 80 comments
Reality check boys and girls. Who knows what the most profitable industry of the last 100 years was? 92 77 comments
The ETH maximalist portfolio 36 57 comments
ETH Looking Cheap Versus Bitcoin 150 46 comments
 
Please let me know if you have suggestions to make this roundup better for /ethtrader. I can search for posts based off keywords in the title, URL and flair. And I can also search for comments.
If you would like this roundup sent to your inbox every day send me a message with the subject 'ethtrader'. Or if you only want a weekly roundup, use the subject 'ethtrader weekly'
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You can also do 'set ethtrader weekly' And you can replace ethtrader with any subreddit.
See my wiki to learn more: click here
submitted by subredditsummarybot to ethtrader [link] [comments]

Top 5 Blockchain Events In Q4 2019

Top 5 Blockchain Events In Q4 2019


Blockchain events have become key highlights on calendars associated with cryptocurrency enthusiasts around the world. While no one can attend the numerous events, there are significant ones that cannot be missed.
Besides the usual meet and greet at the events, industry leaders take time to explain the key trends in the industry. At the same time, cryptocurrency enthusiasts get opportunities to learn about technology advancements in addition to interacting with leaders, experts, and developers in the space. Blockchain events are known for encouraging cryptocurrency adoption, educating the public, fostering cooperation with governments and promoting innovation among other important factors.

2019 In a Nutshell

It has been a remarkable year, to say the least. Cryptocurrencies led by Bitcoin recovered significantly from the downtrend witnessed in 2018. Although the cryptos are still far away from hitting levels attained in the parabolic rally of 2017, the uptrend from April to June managed to clear several key barriers across the board.
Consequently, the industry has witnessed the expansion of blockchain technology to new horizons. The market has grown significantly with news of advancements such as Facebook’s Calibra and Libra. Recently, Bakkt exchange launched the first physically settled Bitcoin futures product for institutional investors.
Now, as we enter the last phases of 2019, here are the blockchain events and conferences you should definitely consider attending:

1. Eurasia Blockchain Summit, Istanbul: October 18–19

Huobi Group, a leading global digital asset financial service provider in collaboration with Kemer Partners is bringing the first annual Eurasia Blockchain Summit to be held in the city of Istanbul, Turkey. It will be a top of the notch gathering set to bring the industry’s crème de la crème to discuss topics touching on decentralization, blockchain technology and digital assets in general.

Keynote Speakers

Expected to speak at the two-day event are experts in the cryptocurrency field including Huobi personnel such as CEO of Huobi Global Livio Weng, Turkish Government officials like President of the Presidential Finance Office, Prof. Dr. Goksel Asan, and leaders of the crypto industry such as Meltem Demirors CSO from Coinshares and Prof. Emin Gun Sirer.
The event is expected to take Istanbul by storm. The beautiful city is home to a population eager to learn and adopt cryptocurrencies for various uses. A Statista Global Consumer Survey found that the ever-growing Turkish market has 20% of the entire population either holding or using cryptocurrencies.

2. Blockshow Asia 2019, Singapore, Marina Bay Sands: November 14–15

This event is powered by the leading media outlet Cointelegraph. Described as a “flagship for the blockchain industry.”, Blockshow Asia is popularly referred to as the festival of decentralized technology.
Blockshow Asia event will see attendees and invited guests to discuss investment for both companies and individuals. Experts will discuss the trading field and the growth of blockchain innovations. Also to be discussed will be the emerging decentralized finance niche. In addition to that, attendees can expect to learn about real gaming experiences including their value and fun all at the decentralized level.
Speakers expected at the Blockshow Asia include the founder of TRON Justin Sun, the founder of Elixxir and DigiCash David Chaum and the co-founder of Fundstrat Global Advisors Thomas Lee.

3. Labitconf, Uruguay — December 12–13

Once again the most influential Bitcoin conference in Latin America will bring together various top speakers from different parts of the world. The 7th Latin American Bitcoin and Blockchain conference will be hosting key players in the cryptocurrency industry. Participants are expected from over 20 countries. Also in attendance will be government officials and CEOs from leading companies. The main aim of the conference is to discuss and explore the potential of blockchain technology in current and future economies.
This conference is being hosted by IOVLabs, the company powering Bitcoin smart-contract platform, RSK. IOVLabs is a firm that develops low-cost, secure and simple-to-use platforms for the emerging global economy. It strives to integrate the advantages Bitcoin offers over traditional systems to foster as well as protect growth.

4. Consensus Invest, New York, NY: November 12

Consensus: Invest is a key event in the cryptocurrency space hosted by CoinDesk, a leading cryptocurrency news and media outlet. Consensus: Invest is a global digital asset investor outlook conference and exhibition. It is known to host institutional investors, hedge funds, banking institutions, fund managers and other interested parties to deliberate and connect on matters regarding investment, storage and trading of the new asset class.
The annual event concentrates on discussions directly related to trends and other investment opportunities in the digital asset market. This years’ agenda will focus on the intersection of macroeconomics and crypto. The state of the cryptocurrency infrastructure will also be discussed by a panel of experts.
Similar events in the past have seen participation by global industry leaders including Kelly Loeffler, Chief Executive Officer of Bakkt; Jeffrey Sprecher, Chairman of NYSE & ICE and Dr. Mohamed A. El-Erian, Chief Economic Advisor of Allianz.

5. Malta Blockchain Week, InterContinental, Malta: Nov 4–8

Taking place at the InterContinental, Malta will be an event that strives to connect blockchain technology and Artificial Intelligence (AI) and medical cannabis. Among other main topics expected to be discussed at the event are Quantum Technology, Big Data and the Internet of Things (IoT). It will feature exhibitions from over 14,000 suppliers, investors as well as thought leaders.
The Malta Blockchain Week will mark the third edition of the summit. Startups an entrepreneurs will have opportunities to compete for seed funding from deep-pocketed investors. Business owners can also look forward to making valuables. The speakers, this time, will include Hon. Joseph Muscat, Prime Minister of Malta, On. Silvio Schembri Parliamentary Secretary — Financial Services and Anthony Pompiliano Co-Founder & Partner — Morgan Creek Digital among others.
As these events approach investors, experts and other cryptocurrency enthusiasts are looking forward to better performance of the crypto market towards the end of the year. In particular, the Eurasia Blockchain Summit allows the industry to interact with government officials as well as regulators. Attending these events will give investors an edge in the industry when it comes to making better decisions for the future. They will also bring the current status of the crypto industry into perspective and connect it to what is expected in the near future.
submitted by GTE_IO to u/GTE_IO [link] [comments]

I've noticed some strong symbolism from Tron; water...

To begin, you may notice and verify on Justin's Twitter profile: http://twitter.com/justinsuntron that there is a "wavy" line on the cover banner, and that same line appears on many pieces of Tron marketing material throughout his page.
Wavy line in comparison to the Egyptian Hieroglyph for \"N\", symbolized by a water \"ripple\"...
This is the original piece of evidence that caught my attention, but more stacked up quickly, including the fact that this seemingly irrelevant "line" showed up on multiple pieces of Tron's marketing material, including, but not limited to their Twitter posts about new Super Representatives, and Twitter posts about new exchanges supporting the Token Migration, meaning it was more than just a "last minute" decoration for a cover photo...
Upon further research into the symbolism of water, I discovered that in the study of Alchemy, water's symbol is an inverted, or downward pointing triangle... This again, further peaked my attention;
Tron Foundation's logo showing an inverted, downward pointing triangle...
Alchemy symbol chart showing each of the 4 elements...
Yet still, there is more evidence...
The famous story "Odyssey" is the second oldest piece of western literature; a journey that takes place primarily on the Ocean over a 20 year time span...
Notice "western" literature, ocean, blue seas, water (reference the Alchemy chart above)
Modern retooling of The Odyssey, showing it's connection to the sea, and rolling waves...
Now I'll move on to BitTorrent, yes BitTorrent...
Obviously the reason I was reminded of Justin's recent BitTorrent acquisition was primarily because of the "wave" in their logo:
BitTorrent's Official Logo
(UNRELATED) After logging onto their Twitter to dig for more clues, I noticed they had changed their Twitter Profile Picture and Cover Photo very recently:
Notice the new \"Bitcoin\" B as their Profile Picture, also the call-out and nod to Bitcoin \"OG's\"?
Back to the point though, their company has used that purple "water wave" symbol for quite a long time, it was extremely interesting to find other "water" symbolism in Tron, primarily because he just bought BitTorrent...
The wording of the company too, "TORRENT" Torrential Downpour (Rain); Torrent definition: a strong and fast moving stream of water or other liquid. Torrent definition: a sudden, violent, and copious outpouring of something (typically, words and feelings) very similar to this entire post...
TLDR; It seems that Tron is trying to symbolize water, more specifically a strong, fast moving stream...
Universally, water is symbolic of purity, fertility, life, motion, renewal and transformation, all civilizations and religions throughout ages have accorded it a central place in their beliefs and practices.
If Tron is truly trying to create a new type of governance and worldwide connected community, it would make sense to pay the same respects to water that every other great collection of people has...
submitted by TwitchTV_Allthaea to Tronix [link] [comments]

Daily analysis of cryptocurrencies 20190926(Market index 12 — Extreme Fear state)

Daily analysis of cryptocurrencies 20190926(Market index 12 — Extreme Fear state)

https://preview.redd.it/u839d7urvxo31.jpg?width=658&format=pjpg&auto=webp&s=8bb3d5521c7c5c5b6d80968a4d9315c234ec6ba4

Ireland Is Cautious, But Not Opposed To Facebook’s Libra, Claims Finance Minister Michael D’Arcy During an interview at Sibos 2019, Ireland’s Finance Minister Michael D’Arcy conceded that Libra and stablecoins are a challenge, adding that while some governments and departments of Finance are opposed to it, Ireland is only being cautious. He said, “We are cautious. And my role as minister has me looking at this in substantial detail. I am cautious in relation to stablecoins and in relation to Libra. My senior minister is very cautious. The Central Bank of Ireland regulator is cautious. So we’re somewhere between cautious and very cautious.” According to the minister, the benefits stablecoins can have internationally are well-understood and accepted. However, the challenges they could pose to governmental and monetary policies cannot be overlooked, D’Arcy said.
France Exempts Crypto-To-Crypto Trades From Taxes France has significantly simplified the taxation of cryptocurrencies in the country. What the country’s Finance Minister Bruno Le Maire announced affirms, on the face of it, trading one cryptocurrency for another in France will not raise any capital gains tax obligation. Otherwise, people who sell cryptocurrencies for regular government-issued money will need to pay for taxes. Click ‘Read More’ for details.
RON’s Justin Sun To Reschedule Warren Buffett Lunch ‘Very Soon’ Justin Sun, TRON founder and CEO, announced the news that he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon” during a live stream on Tuesday, Sept. 24.
Finance Ministry Of Thailand To Use Blockchain Tech Thailand’s Finance Minister Uttama Savanayana has announced that his ministry will bring Blockchain technology to upgrade system infrastructure and management efficiency in order to make life easier for citizens wanting to use government services. Uttama added that the Memorandum of Understanding (MoU) on using Blockchain technology would be signed by nine departments under MOF and Krungthai Bank at the “MOF Digital Platform is Now: Ministry of Finance brings digital platform to strengthen economy for community” event being held on Friday (September 27).

Encrypted project calendar(September 26, 2019)

ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.

Encrypted project calendar(September 27, 2019)

BTC/Bitcoin: Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th. Switcheo (SWTH): After a one-year token exchange process, the project team will officially end the SWH→SWTH token exchange process on September 27.

Encrypted project calendar(September 28, 2019)

ADA/Cardano: Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28. TOP Network (TOP): The TOP Network team will hold a hackathon in Prague, Czech Republic from September 28th to 29th. Horizen (ZEN): Horizen project BD Rep Vano Narimandize will discuss the current status and development of sidechain technology at the Industry 4.0 Blockchain Summit on September 28.

Encrypted project calendar(September 29, 2019)

GAME/GameCredits: GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999

Encrypted project calendar(September 30, 2019)

INS/Insolar: Insolar (INS) will be on September 30th ERD/Elrond: Elrond (ERD) will conduct main network test on September 30th NULS/NULS: The NULS team will plan to beta the ChainBOX in the third quarter. CS/Credits: Credits (CS) will exchange tokens and bug rewards in the third quarter QTUM/Qtum: Quantum Chain (QTUM) is expected to complete lightning network beta in the third quarter XEM/NEM: New World Bank (XEM) will release mobile wallet and computer wallet in the third quarter HC/HyperCash: hypercash (HC) will complete community management agreement in the third quarter

Encrypted project calendar(October 01, 2019)

HT/Huobi Token: The financial base public link jointly created by Firecoin and Nervos is expected to be open source in October. RVN/Ravencoin: Ravencoin (RVN) Ravencoin will perform a hard fork on October 1. ADA/Cardano: Cardano (ADA) plans to hold technical consensus meeting in Amsterdam on October 1st XRC/Bitcoin Rhodium: Bitcoin Rhodium (XRC) will record account balance awards on October 1st PPC/Peercoin: Peercoin (PPC) will perform Peercoin v0.8 (code tang lang) hard fork on October 1st

Encrypted project calendar(October 02, 2019)

BNB/Binance Coin: The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign. CAPP/Cappasity: The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.

Encrypted project calendar(October 03, 2019)

ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 12, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Yesterday, there was a nasty drop in bitcoin below the $9,000 support area against the US Dollar. The price declined close to 15% and even traded below the $8,500 level. Finally, the price settled well below the 100 hourly simple moving average and traded to a new monthly low at $8,055. Later, there was an upside correction above the $8,200 and $8,400 levels.
Moreover, the price recovered above the $8,500 level, plus the 23.6% Fib retracement level of the last major decline from the $10,087 high to $8,055 low. However, the upward move was capped by the $8,750 and $8,800 resistance levels. The bulls made a few attempts to push the price above $8,800, but they failed. As a result, the price started trading in a range below $8,800. At the outset, there is a key breakout pattern forming with resistance near $8,600 on the hourly chart of the BTC/USD pair.
To start a strong recovery, bitcoin price must surpass the $8,600 and $8,800 resistance levels. The next key resistance is near the $9,000 and $9,080 levels. Moreover, the 50% Fib retracement level of the last major decline from the $10,087 high to $8,055 low is also near the $9,070 level. Finally, there is a connecting bearish trend line forming on the same chart with resistance near $9,350 and the 100 hourly SMA.
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Buy and Hold 100 Cryptocurrencies for 5 years - Week 5 - $2553 gained

It’s the 5th week since the experiment has started and a lot has been happening, I actually wonder to know if during the 5 years of the experiment there is going to be a quiet week. The crypto world has been bombarded by FUD, first with China banning the miners, then with South Korean ban on the exchanges, all this caused the price of Bitcoin (BTC) to go as low as $13,105.90 USD. As if it wasn’t enough, Warren Buffet said that “Bitcoin and Cryptocurrencies will come to a bad end”. All these caused also the altcoins price to go on a rollercoaster, but today seems like most of them are bouncing back. To go into details about the experiment, the overall gain is $2533 USD (253%) or 0.19 BTC. Only 10 Cryptocurrencies are in minus since the beginning of the experiment and 3 of them have reached a gain of over 1000 %. Let’s talk about our Top5 cryptocurrencies. Tron (TRX) is also for this week the best gainer. Five weeks ago I bought 2500 TRX with $10.04. 2500 TRX are worth now $275.48, a gain of 2644.83 % Justin Sun, founder of Tron. Announced this week a new cooperation with Bao Feng, and been teasing about a cooperation with an innovative space company. Verge (XVG) finally released to so waited Wraith protocol. The price has been stable and 1 XVG is now worth $0.15 , I first bought it 5 weeks ago at $0.0079. Vechain (VEN) is the first new entry on the Top5, looking at the chart it has been rising for over one month. In fact, when I bought it 5 weeks ago, I got with $10.11 , 18 (VEN), at the time the price was of $ 0.56 , right now the price is $6.24, so the 18 VEN is now worth $112.48 a major gain of 1012.14 %. The other new entry on the Top5, sitting at the 4th position is Binance Coin (BNB), it’s been a while since BNB has been performing well, not sure about the exact reason, but it could be connected by the fact that Binance volume keeps growing massively. BNB can be used as trading fee option on Binance, doing so it lowers the trading fees from 0.1 % to 0.05%. Binace volume has been that high that they could barely keep up and had to halt a few time the sign up of new users. From a recent tweet, they announced that they got over 5 Million users! Ripple (XRP) is having again a big momentum, yesterday MoneyGram signed a deal with them announcing that it will use it to speed up their transitions. I believe this is one of the biggest wins for Ripple so far. Top 5 cryptocurrencies so far : Tron (TRX) +2644.83 % , from $10.04 to $275.48 Verge (XVG) +1794.52 % , from $9.62 to $182.25 VeChain (VEN) +1012.14 % , from 10.11 to $112.48 Binance Coin (BNB) +914.17 % , from $9.99 to $99.48 Ripple (XRP) +837.01 % , from $9.75 to $91.34
Article : https://buyandhold100crypto.com/week-5-2533-usd-gained/
submitted by Anthony1985 to altcoin [link] [comments]

Verge , again 2nd best crypto on "Buy and Hold 100 Cryptocurrencies for 5 Years" Week 5

It’s the 5th week since the experiment has started and a lot has been happening, I actually wonder to know if during the 5 years of the experiment there is going to be a quiet week. The crypto world has been bombarded by FUD, first with China banning the miners, then with South Korean ban on the exchanges, all this caused the price of Bitcoin (BTC) to go as low as $13,105.90 USD. As if it wasn’t enough, Warren Buffet said that “Bitcoin and Cryptocurrencies will come to a bad end”. All these caused also the altcoins price to go on a rollercoaster, but today seems like most of them are bouncing back. To go into details about the experiment, the overall gain is $2533 USD (253%) or 0.19 BTC. Only 10 Cryptocurrencies are in minus since the beginning of the experiment and 3 of them have reached a gain of over 1000 %. Let’s talk about our Top5 cryptocurrencies. Tron (TRX) is also for this week the best gainer. Five weeks ago I bought 2500 TRX with $10.04. 2500 TRX are worth now $275.48, a gain of 2644.83 % Justin Sun, founder of Tron. Announced this week a new cooperation with Bao Feng, and been teasing about a cooperation with an innovative space company. Verge (XVG) finally released to so waited Wraith protocol. The price has been stable and 1 XVG is now worth $0.15 , I first bought it 5 weeks ago at $0.0079. Vechain (VEN) is the first new entry on the Top5, looking at the chart it has been rising for over one month. In fact, when I bought it 5 weeks ago, I got with $10.11 , 18 (VEN), at the time the price was of $ 0.56 , right now the price is $6.24, so the 18 VEN is now worth $112.48 a major gain of 1012.14 %. The other new entry on the Top5, sitting at the 4th position is Binance Coin (BNB), it’s been a while since BNB has been performing well, not sure about the exact reason, but it could be connected by the fact that Binance volume keeps growing massively. BNB can be used as trading fee option on Binance, doing so it lowers the trading fees from 0.1 % to 0.05%. Binace volume has been that high that they could barely keep up and had to halt a few time the sign up of new users. From a recent tweet, they announced that they got over 5 Million users! Ripple (XRP) is having again a big momentum, yesterday MoneyGram signed a deal with them announcing that it will use it to speed up their transitions. I believe this is one of the biggest wins for Ripple so far. Top 5 cryptocurrencies so far : Tron (TRX) +2644.83 % , from $10.04 to $275.48 Verge (XVG) +1794.52 % , from $9.62 to $182.25 VeChain (VEN) +1012.14 % , from 10.11 to $112.48 Binance Coin (BNB) +914.17 % , from $9.99 to $99.48 Ripple (XRP) +837.01 % , from $9.75 to $91.34
Article : https://buyandhold100crypto.com/week-5-2533-usd-gained/
submitted by Anthony1985 to vergecurrency [link] [comments]

Even at $366, Bitcoin is small fish in comparison. Who says it's too late to buy?

Even at $366, Bitcoin is small fish in comparison. Who says it's too late to buy? submitted by m_murfy to Bitcoin [link] [comments]

Buy and Hold 100 Cryptocurrencies for 5 years - Week 5 - $2553 gained

It’s the 5th week since the experiment has started and a lot has been happening, I actually wonder to know if during the 5 years of the experiment there is going to be a quiet week. The crypto world has been bombarded by FUD, first with China banning the miners, then with South Korean ban on the exchanges, all this caused the price of Bitcoin (BTC) to go as low as $13,105.90 USD. As if it wasn’t enough, Warren Buffet said that “Bitcoin and Cryptocurrencies will come to a bad end”. All these caused also the altcoins price to go on a rollercoaster, but today seems like most of them are bouncing back. To go into details about the experiment, the overall gain is $2533 USD (253%) or 0.19 BTC. Only 10 Cryptocurrencies are in minus since the beginning of the experiment and 3 of them have reached a gain of over 1000 %. Let’s talk about our Top5 cryptocurrencies. Tron (TRX) is also for this week the best gainer. Five weeks ago I bought 2500 TRX with $10.04. 2500 TRX are worth now $275.48, a gain of 2644.83 % Justin Sun, founder of Tron. Announced this week a new cooperation with Bao Feng, and been teasing about a cooperation with an innovative space company. Verge (XVG) finally released to so waited Wraith protocol. The price has been stable and 1 XVG is now worth $0.15 , I first bought it 5 weeks ago at $0.0079. Vechain (VEN) is the first new entry on the Top5, looking at the chart it has been rising for over one month. In fact, when I bought it 5 weeks ago, I got with $10.11 , 18 (VEN), at the time the price was of $ 0.56 , right now the price is $6.24, so the 18 VEN is now worth $112.48 a major gain of 1012.14 %. The other new entry on the Top5, sitting at the 4th position is Binance Coin (BNB), it’s been a while since BNB has been performing well, not sure about the exact reason, but it could be connected by the fact that Binance volume keeps growing massively. BNB can be used as trading fee option on Binance, doing so it lowers the trading fees from 0.1 % to 0.05%. Binace volume has been that high that they could barely keep up and had to halt a few time the sign up of new users. From a recent tweet, they announced that they got over 5 Million users! Ripple (XRP) is having again a big momentum, yesterday MoneyGram signed a deal with them announcing that it will use it to speed up their transitions. I believe this is one of the biggest wins for Ripple so far. Top 5 cryptocurrencies so far : Tron (TRX) +2644.83 % , from $10.04 to $275.48 Verge (XVG) +1794.52 % , from $9.62 to $182.25 VeChain (VEN) +1012.14 % , from 10.11 to $112.48 Binance Coin (BNB) +914.17 % , from $9.99 to $99.48 Ripple (XRP) +837.01 % , from $9.75 to $91.34
Article : https://buyandhold100crypto.com/week-5-2533-usd-gained/
submitted by Anthony1985 to BitcoinMarkets [link] [comments]

Bitcoin [BTC] and Tron [TRX] hits the brakes on the bearish slide, sees steady growth

Yesterday’s bearish market seems to have taken a roundabout with most of the popular cryptocurrencies basking in the shadow of the bull. Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all saw steady rises after a week of price drops.
At the time of writing, Bitcoin [BTC] was rising at a consistent 0.74% with a total market cap of $114.502 billion. The cryptocurrency was trading at $6615.86 with a 24-hour market volume of $3.479 billion. Most of Bitcoin’s trade volume was coming in from BitMEX with a total majority of 18.24%. The volume amounted to a staggering $964.066 million which was miles ahead of its closest competitor, EXX, which had a total Bitcoin volume of $332.818
BitMEX was also in the news recently when BitMEX Research released a report which focused on tracking Ethereum [ETH] balances of the ICO projects over time. The research implied that the ICOs have already sold almost as much as they raised initially in USD.
Bitcoin’s undisputed position at the top of the cryptocurrency charts was questioned by Crag Wright when he stated that the cryptocurrency is a speculated gambling asset. He based his arguments on the reasoning that regulations on Bitcoin imposed certain barriers to the entry into markets as it made business more capital intensive.
Tron [TRX], at press time, was enjoying the biggest growth within the top 15 cryptocurrencies, growing at 2.78% with a total market cap of $1.529 billion. The cryptocurrency was trading at $0.023 with a 24-hour market volume of $136.376 million. Rfinex held the majority of the Tron trade with a total volume of $16.415 million.
Binance closely followed in second place with a trade volume of $16.355 million. Tron’s expansion plans have been creating ripples in the cryptosphere with Justin Sun, the Founder of Tron announcing that Bitfinex will now be supporting the three pairs of TRX with Euro [EUR], Japanese yen [JPY] and Pound sterling [GBP]. The addition of TRX/fiat pairs is being seen as the fiat expansion plan within the Tron community. In his official Tweet, Justin Sun stated:
“Crypto exchange @bitfinex adds #JPY, #GBP and #EUR trading pairs to #TRON. #TRX $TRX”
submitted by Kn2016 to ico [link] [comments]

First Reddit Post, my key financial lessons of 2017

I hope this will help some of you out. It's a summary of the most important Canadian Personal Finance lessons from my research for all of 2017. Most of these are key posts from The Greater Fool Blog, which I highly recommend as a daily read.
Investing Strategy and Advice
Random Advice
· Everybody should strive to maximize their TFSAs, then ensure the money stays in there, invested in diversified growth assets like equity ETFs. Remember – a hundred bucks a week invested here for 30 years making 7% will end up being $532,000. That should yield an annual income of $32,000 without depleting the principal and without reducing your CPP or OAS payments by a single penny. So this is job one.
· After that, shovel cash into an RRSP, using the refund to contribute to the TFSA. Unless you have a defined-benefit pension (guaranteed, stable employer-funded payments), this is an excellent way to reduce tax, invest for tax-free growth then support you efficiently when some dingdong CEO destroys your employer.
· Obviously having a cash reserve for an event like this would be a great idea, but establishing a personal line of credit in advance is almost as good. It costs you nothing to set up at the bank, zero to carry and can be tapped only as you require it. Go, get one now.
· The best way to own preferreds is through an ETF, where you can hold a basket of high-qualify assets. An example would be CPD (just an example – this is not a recommendation), which pays investors a dividend yield of 4.3%, which is twice the return of a GIC and it’s still 100% liquid. But there’s more. This exchange-traded fund has increased in value (besides the dividends paid) by 12.7% in 2017 – which far outstrips the 3.8% return of the TSX in general. Since the beginning of last year (when prefs were sooo cheap) the gain in capital value has been 28%. (CPD also went on sale Wednesday after the latest Bank of Canada report. Sweet.)
· But all he need do to effectively slash his long-term interest costs is to switch from a monthly-pay to a weekly-pay mortgage. Over the course of 12 months he’ll make the equivalent of one extra payment (no big deal) and it will end up shortening his amortization by years, saving more than a variable-rate loan ever would. He just needs to ensure he gets the right kind of weekly mortgage, since some of them are bank rip-offs.
May 2017 – Current Recommended Weightings
· cash, 5%;
· corporate bond 6%;
· provincials 3%;
· short-term bond 5%;
· high-yield 3%;
· preferreds 18%;
· Cdn equity 16%;
· REITs 5%;
· US equity 21% (some hedged);
· international equity 18% (some hedged).
Investment Portfolio Breakdown - Greater Fool – September 20th 2017
· Start with the TFSA. When that’s full split money between an RRSP (to shift tax into other years) and a non-registered portfolio (to benefit from capital gains and dividends). Stick with it, max the tax-free account with pre-authorized debits from your bank account and never, ever listen to [email protected], eschewing costly mutual funds and brain-dead GICs.
· Have a balanced portfolio, with 40% in safe stuff and 60% more growth-oriented. Since rates are rising, keep the bond exposure slim (they pay nothing but reduce volatility) but have lots of rate-reset preferreds which swell along with bond yields. Carefully weight Canadian, US and international assets, taking into consideration that we’re currently on fire, Trump’s a time bomb, the US is expanding, Europe’s in recovery and nobody should bet against China. Never hold individual stocks (unless you have seven figures to invest and can achieve diversification – which requires about 60 positions).
· If you have a little money, hold three or four ETFs. If you have a lot, then 17 should be about right. And keep a small cash position, since that’s a defensive asset as well as ammo if an opportunity arises.
· So, 2% cash in a HISA, 20% in a mixture of government, corporate, provincial and high-yield bonds plus 18% in preferreds make up the safer stuff. Put 5% in REITs, then hold 16% in Canadian equities, an equal amount in US markets and 23% in internationals, for the growth portion. Rebalance once a year. Put higher-taxed stuff (bonds) in a tax shelter. Reserve the TFSA for fast growers (like emerging markets). Enjoy a 50% tax break on capital gains in your non-registered. And don’t forget about income-splitting with your squeeze, which can be done through a spousal plan or maybe a joint account.
Why TFSAs are the #1 Priority
The long-term growth, free of tax, is epic. Invest $5,500 this year, then add $100 a week for the next three decades in growth assets making 7%, and you end up with $576,338 of which $414,838 is growth. Besides tax-free compounding of investment returns, the real benefit of this thing is that it will throw off income in retirement (or anytime else) which is not counted as income. So in the example just given, forty grand a year could be earned with zero tax payable on it.
Now let’s look at two 40-year-olds who have wisely maxed their TFSAs with $52,000 in each. If they keep their accounts topped up and full of ETFs giving the same return, at 65 they’ll claim $1.26 million, of which almost nine hundred grand is taxless growth. In retirement that amount can provide an annual income of about $90,000, and these guys can still collect their CPP and OAS without having any of it clawed back (assuming no other income source). If they had $1.26 million in RRSPs, the after-tax income would be about $52,000 and they’d have a marginal tax rate of 29.65%. No contest.
For anyone with a good company pension plan, and especially for the Aristocracy Among Us with gold-plated, defined-benefit schemes (teachers, cops, retired finance ministers) investing in this vehicle is far better than feeding an RRSP. At age 71 all registered retirement plans must be partially unwound, with the income being added on top of pension payments, often boosting you into a higher tax bracket. But no matter how much is skimmed off a fat TFSA, nothing is taxed or even recorded as income.
Of course, TFSAs can be used for income-splitting, too. You can gift your spouse or your adult kids money to invest in one. None of the gains will be attributed back to you. You can withdraw money and, unlike an RRSP, put it back the following calendar year. Unused room can be carried forward indefinitely. And a tax-free account can hold almost any investment asset, so keeping a moribund high-interest savings account or a brain-dead GIC in there is a big fail.
Why Mutual Funds Suck:
S&P regularly provides its SPIVA Scorecard, which examines the performance of actively managed Canadian mutual funds versus that of their benchmarks and corrects for survivorship bias. Survivorship bias? Yes, mutual fund companies have this habit of discontinuing funds that have poor performance thus, ostensibly, wiping away that unflattering data forever. The SPIVA Scorecard attempts to account for this performance, essentially holding the mutual fund companies’ feet to the fire. The data reveals, unsurprisingly, that the vast majority of mutual funds underperform their benchmarks—with high management fees being the main reason. The table below shows their dismal long-term track record. S&P, by the way, also does a scorecard for US mutual funds with similar results.
📷
📷No doubt, there are financial advisors who have a careful and highly effective system for identifying the 9% or so of equity mutual funds that actually do outperform their benchmarks over the long term. More power to these advisors. However, what I’ve seen more often is a less rigorous due-diligence system of simply selecting the funds that are ranked highest by Morningstar, the industry’s most widely known mutual-fund evaluator. However, as a recent article by The Wall Street Journal has shown, chasing the best star ratings has its drawbacks. The Journal pointed out, after examining the performance of thousands of funds, that only 12% of 5-star-rated funds maintained this rating after five years. Basically, the Journal highlighted that the Morningstar five-star rating is not a good indicator of future outperformance.
Source: The Wall Street Journal
Here are a few things to remember. First, on mutual funds (since most people own them): fees are significant, and buried in the cost of ownership. The person selling you these animals at the bank will tell you s/he doesn’t charge anything to perform that charitable service. In reality, the funds turn out trailer fees so every month you stay invested, somebody gets paid. To Rob’s point, mutual fund fees aren’t tax-deductible. So if you own a fund with a 2.5% MER and you’re in the 40% tax bracket, that’s actually costing 3.5%. Ouch.
The same principle applies to ETFs, all of which have embedded fees which are not deductible. The big difference is the average fee across a portfolio made up of exchange-traded funds might be 0.2% – or one tenth of the cost of owning a mutual.
What about other fees and investment costs?
Management fees, charged by fee-based advisors, are 100% deductible from taxable income on non-registered accounts. With RRSPs, the money taken to pay an advisor is not counted as taxable income. That means you got a tax break for putting that in, but there’s no tax when it exits – so the government is also subsidizing you. Fees on TFSAs, however, are non-deductible. Somebody in the top tax bracket, then, with accounts run by a professional offering tax advice and portfolio management who charges 1% will end up paying closer to 0.6% – while the poor single Mom with a few grand in the bank’s funds will shell out 2.6%. Unfair? You bet. But that’s the law.
So, fees are deductible. Commissions are not. MERs are embedded, invisible and can kill returns. If you remember just those three facts, they’ll serve you well.
More on Mutual Funds – Dec 11 2017
What’s a mutual fund? It’s a pot of money made up of contributions from many investors that a manager then uses to buy stuff. Like stocks or corporate and government bonds. Managers charge big money to do this job (they have Porsches, too) which is charged back to the investors, and in return try to add ‘alpha’. That’s financial speak for ‘special sauce’, which means they attempt to get better returns than you’d achieve just buying the same assets and holding them. In doing this job they buy and sell frequently, often generating capital gains taxes, which the unitholders also pay.
Trouble is, most of these cowboys fail.
Last year, for example, the number of Canadian mutual funds which focus on US stocks and which outperformed the index was… zero. Nada. Donuts. Not one. In the States almost 70% of fund managers investing in large-cap stocks failed to match the index and yet charged big bucks to do so. Over the last 15 years, the failure rate among managers is 90%.
Ouch. Makes you wonder what you’re paying for. What also hurts is that the fees these non-alpha dudes charge are buried within the funds themselves, unseen by investors who cannot even deduct them from any gains they might make for tax purposes. Meanwhile the so-called advisors who collect the trailer fees from selling funds do not actually engage in any investing themselves and often collect an extra upfront fee for selling them to folks, or create a seven-year mutual-fund prison that penalizes anyone trying to get out.
Difference between Mutual Funds and ETFs
Simple. ETFs are like Teslas – they drive themselves. There is no manager, so there’s no fat management fee for investors to pay. They don’t compensate some fancy guy to try and beat the market, then have to explain why he didn’t. They just pace the market itself. What the S&P 500 does this year, for example (up 18.4%), is what an ETF holding those 500 companies does. Plus, they’re traded on the stock market, which means you can buy or sell with the click of a mouse and get instant liquidity. Try doing that with a mutual fund (you can’t). In fact, most funds have the ability to halt redemptions, so if a crisis emerged you might not be able to sell when you wanted (just like Bitcoin).
ETFs are not free, however. Across a balanced portfolio you can expect to pay an embedded cost of about 0.2% – which is a hell of a lot cheaper than 2.0%.
Now, mutual fund salesguys, for obvious reasons, hate it when they hear such talk. And being in sales, they are daunting adversaries, able to woe naive investors with tales of giant, throbbing Alpha and heaving bosoms. (I may have exaggerated there.)
Jane, in fact, encountered exactly this schtick after she told her mutual fund guy she was leaving to embrace ETFs.
“I talked to him today for the formal “thank you and best of luck” nicety and needless to say he thinks I’m making a huge mistake. I feel quite defenceless when it comes to talking to financial advisors. My boyfriend tried to do his best to help explain it and then reverted to “Ask Garth.” For ease I will just lay out what was said by mutual fund guy in bullet form and hopefully you can help me out
“Can you shed some light on this for me? My mutual fund guy did make me feel a touch uneasy. I would appreciate the insight just for building my own knowledge and confidence.”
You betcha, Janey. ETFs are cheaper because they don’t come attached to some Bay Street smartie with three kids in private school. They are pure reflections of a transparent market. The rate of return for nine out of ten has been higher than an actively-managed mutual fund, at a fraction of the cost. Fee-based advisors (who should collect a fee of no more than 1%) actually build and manage client portfolios. They all shop at Costco and recycle their socks.
ETFs for old people? Did he mention dwarfs?
As for the 2008-9 crisis, a balanced ETF portfolio declined 20% while the stock market slid 55%. It recovered all lost ground in a year, then advanced 17%. It’s not the structure of the asset that is owned (active or passive fund), but the weightings between various asset classes that will protect you in declines. You can be as conservative or aggressive as you want with either kind of funds. But if you like paying more for less, mutuals are for you. (He was really zooming you on that one.)
The benefit of Bonds in a Portfolio
Bonds help reduce volatility
One common way to measure volatility is using standard deviation, which measures the variability of returns around the long-term average – the higher the number the higher the volatility. Over the last 10 years, the TSX has exhibited price volatility of 14.1%, meaning that TSX returns have been 14.1% above/below the long-term average return over the last 10 years. Volatility (standard deviation) has been 11.4% for the S&P 500 over this period. And for the average Canadian balanced portfolio, the standard deviation has been much lower at 8.3%. So, we prefer balanced portfolios to an all-equity portfolio since the ride is much smoother and with more consistent yearly returns.

📷Volatility of Different Investments

The other important reason we like balanced portfolios is because bonds often zig when equities zag. This dynamic is why a balanced portfolio exhibits lower volatility.
In good economic times corporate profits rise and investors feel more optimistic about the outlook that they are willing to pay higher multiples (e.g., P/Es) for stocks. This combination of rising corporate profits and valuations pushes stock prices higher.
Central banks in turn tighten monetary policy by hiking interest rates. This helps to push bond prices lower (prices move inversely with yields). So stocks go up and bond prices go down, generally, in a strong economy.
📷Conversely, in a weak economy stocks typically decline and central banks lower interest rates to help spur growth which leads to higher bond prices. Again, bonds zig when equities zag. This is perfectly captured in the chart below which shows the relative performance of Canadian bonds and the TSX. Note how bonds will outperform stocks over certain periods (in green) and underperform stocks in other periods (in red). This chart captures the essence of why a solidly constructed and well-managed balanced portfolio works!

Bonds/Equities Out/Underperform Over Time

Finally, how should investors structure their bond holdings in this rising interest rate environment?
First is to focus on lower duration bonds. Duration measures a bond’s price sensitivity to changing interest rates. If a bond (or in our case a bond ETF) has a duration of 8, it means the bond will decline approximately 8% for every 1% increase in interest rates, or rise 8% for every 1% decrease in rates; the higher the duration the higher the price sensitivity to rising rates.
Given our view that rates are going to continue to slowly rise, we are positioning our balanced portfolio with lower duration bond ETFs so as to minimize the impact of rising rates. Later when interest rates are higher we’ll look to reverse this call and shift into higher duration/yielding bond ETFs.
The other key strategy for bonds in a rising rate environment is to overweight corporate bonds versus government bonds.
With the Fed and BoC now hiking rates, government bond yields are moving up and prices lower. This of course weighs on all bonds but corporate bonds tend to outperform when rates rise. This happens for a few reasons. First corporate bonds offer higher coupons (yields), which help lower the duration relative to lower yielding government bonds. Second, because investors are feeling more optimistic about the economy and financial markets they are more willing to buy corporate bonds, which pushes up their prices relative to government bonds resulting in compression of the yield spread over government bonds.
Below is a chart comparing US investment grade corporate bond yields to comparable US government bond yields. Currently with US corporate bonds yielding 4.25% and US government bonds yielding 2.35%, this results in a “spread” of 190 bps. As the economy picks up this spread compresses which results in corporate bonds outperforming government bonds. We believe this spread could compress a bit further resulting in additional outperformance from corporate bonds. We’ll look to reverse this trade as we start to believe the economy is rolling over.

US Credit Spreads

📷We get it. In a raging bull market like we’ve been in for some years, bonds can be disappointing and cause us to deviate away from a balanced portfolio, focusing more on equities. But as we’ve shown, the benefits of including bonds in a portfolio are to reduce volatility and provide more consistent returns. And we’re not always going to be in a bull market so you’ll need protection against this inevitability. I feel confident that our client will call me up to thank me for our recent portfolio adjustments, likely when that dreaded bear market rears its ugly head. How are you positioned for this eventuality?
Well, here are ten of my fav ways to reduce your tax bill thanks to two simple words – income-splitting (as opposed to sprinkling).
10 Ways to Reduce your Tax – Oct 29
  1. Do you and your squeeze both work? If one earns more than the other, have the chief breadwinner pay all of the regular expenses – mortgage, rent, food, daycare, weed, insurance, booze, clothes, rehab. Make the lesser-monied spouse the chief investor in the family, so the returns (capital gains, dividends, interest) will be taxed at a lower rate.
  2. Ditto for registered retirement savings. If you earn considerably more than s/he does, or have a defined-benefit pension, use up all your RRSP room for a spousal plan. You write the contribution off your higher taxed income while your spouse gains control of the money. After three years it can be withdrawn at their lower rate – so you’ve just sprinkled!
  3. Here’s another one, if there’s an income disparity between you: loan your less-taxed spouse a bunch of money for investment purposes. S/he puts it into a nice little non-registered account and starts collecting dividends and earning capital gains in a tax-efficient way. Even though it’s your money, none of that income is attributed back to you – so long as this is set up as a loan at the CRA’s prescribed rate of interest which is, believe it or not, just 1%. Interest must be paid annually by the end of January but all of that is tax-deductible. Yes, your spouse can write it off the investment returns. This works for kids over 18, too. More sprinkling!
  4. Also with income-splitting: if you are a wrinkly collecting CPP (everybody should start taking it at 60, no exceptions), this can also be split with your less-taxed spouse.
  5. If you didn’t listen to the advice on this blog, bought individual equities and were handed your rear end by Mr. Market, sell those dogs before Christmas in order to realize a capital loss which can be used to reduce taxes on capital gains. Losses can be used to neutralize gains not only in the current tax year, but going back three more years. This can help you recover taxes that you paid as far back as 2014.
  6. You can also take crap assets that dropped in value and dump them on your kid. Another great reason to have children! Investments can be transferred to a minor child and that will also trigger a tax loss in your hands which can be used to offset gains. Now your spawn has an asset that, when it recovers in value, will be essentially tax-free with none of the gain attributed back to you.
  7. Fill up your TFSA, obviously. Also that of your spouse. And your kids over the age of 18. Gift money to all of them with no gains TFSAs attributed back to you. Remember, $5,500 a year for 35 years earning 7% will result in $819,000, of which more than six hundred grand is compound growth. So ensure these are not savings accounts, but investment accounts – no GICs, HISAs or other dorky stuff. Also when you retire, a $819,000 TFSA will give you about $50,000 a year in taxless income which will not reduce your CPP or OAS by one cent.
  8. If you’re 71 and have to convert an RRSP to a RRIF, be thankful you robbed the cradle and married a babe younger than you. Your mandatory retirement fund withdrawals can be based on the age of your spouse, keeping them to a minimum and allowing your nest egg to grow larger, longer.
  9. Obviously put money into a RESP for your kids. The feds will give you an automatic grant equal to 20% – so for a $2,500 contribution you receive $500, up to a lifetime total of $7,200. Free money. Duh. Why would you not do this? If your kid grows up to be a rock star or a high-net-worth, Mercedes-driving plumber you can fold much of the RESP money into your RRSP. Remember to buy growth assets. Establish a family plan for multiple kids, not separate ones. And, for God’s sake, avoid the RESP-flogging baby vultures that skulk around hospitals. Go self-directed.
10.And, yes, use RRSPs. They’re still the best tax-shifting vehicle around, allowing you to write off up to $25,000 in taxable income a year. You can borrow money cheap to contribute, then use the refund to pay much of it back. Or open a plan, shift in assets you already own, and get paid money by Bill Morneau for selling yourself stuff you already own. That should make his head all splody.
Legal aspects of selling a house
If you’re selling a house – with more market declines ahead thanks to the new stress test – make damn sure the deal is solid. No long close. A mother of a deposit (ask for 10%). No buyer visits prior to closing. Deposit held in your lawyer’s trust account, not that of the listing broker. No condition on the buyer finding ‘satisfactory’ financing. And a clause giving you a day or two for legal approval of the offer.
Also do something radical – find out who the buyer is before you enter into a contract with them. Job? Circumstances? Background? Can they afford it? After all, you’d never rent your cheapo condo to someone without a credit application, references, credit check and income/employment verification. Why sell a $1.5 million house to a stranger and make huge life changes based on a closing months away that may never happen?
HELOC & Risk Investment Strategy – August 7th
So he wrote me with an idea and a question:
I’m curious to know if you’d recommend pulling out 100k in equity in a house NOT to buy a rental house but to invest in a diversified portfolio and hopefully make a 6% to 8% yearly return only to turn around and put it back down onto the mortgage to pay it off faster? I’ve been contemplating on things to do to pay down the mortgage and create some income, no good having this equity just sitting here when it can be working for us! Seems starting a corporation is out of the question now thanks to T2 and his finance guru.
Given that real estate’s fat days are behind us but debt isn’t going anywhere, does this make sense? Maybe. Let’s roll it around.
Millions of people have, collectively, billions in real estate equity. When house prices stop going up, this becomes dead money. The only value you can really ascribe is what it might save you in equivalent rent. For example, a $1.5 million house can normally be rented for $3,000 a month. The family with a $500,000 mortgage and $1 million in equity is spending $2,400 (monthly) on the mortgage plus about $600 in property tax, insurance and utilities (water, sewer) that renters never pay. So they ‘own’ a home for the same monthly outlay as the family who rents it.
But they have put down $1 million to live there. If that were conservatively invested, and returned 6% annually, it’s $5,000 a month. So the house actually costs $8,000, and could yield a non-deductible capital loss as easily as a non-taxable capital gain.
In other words, in a declining, flat, comatose or normal housing market, the cost of ownership when real estate has climbed to these levels is insane. Renters who invest win, ten times out of ten. If interest rates creep up and mortgages renew higher, the economics of owning get worse. In the current environment, a lot of people have to be asking themselves – like Kevin – if there isn’t some way to use that dead equity which is no longer supporting a rising asset.
Yes, a HELOC is one way of unleashing equity. It’s a line of credit secured by real estate, which means the debt is registered against the property but also that it comes with a preferential rate of interest. That’s normally prime + 0.5%. These days that equates to 3.45% (and it may rise to 3.7% in October). The line’s rate is almost always variable, so it will increase along with the bank prime. And HELOCs are demand loans. If real estate prices truly collapsed or another credit crisis hit, the bank could ask you for the money back in, oh, 30 days.
The good news is all of the interest is deductible from your taxable income if the money is used to generate more money. Yup, that could be real estate paying you rent or (wiser) a balanced and diversified portfolio of financial assets. So, if you earn $120,000 and live in BC, for example, you effectively reduce the loan interest rate by 41%. Now the HELOC costs you just 2%.
Given that well-managed, non-cowboy, globally-balanced and diversified ETF portfolios have pumped out an average of 6.5% over the last seven years (two of which were market stinkers), this mean a spread in the 4% range. Last time I checked, that was better than the 0% home equity is currently paying.
So to Kev’s question. If he borrowed $100,000 on a HELOC and invested it for a 7% return, then used the cash flow generated ($7,000) to pay down his existing mortgage faster, would it make sense? Well, interest-only payments on the line would cost $3,450, but he’d reduce his income tax by $1,400 (if he earns enough). So he’s up five grand. That’s cool – it can be used as a pre-payment on the amortized mortgage. But wait. Kevin now owes another $100,000. But wait again. He has a $100,000 liquid investment portfolio.
By removing equity and borrowing, the Harley dude has (a) diversified his net worth, (b) reduced his income tax bill and (c) accelerated the mortgage payments, saving a whack of interest.
This is not a slam-dunk strategy for everyone. If rates rise and the payments get hard to make, you lose. If the world goes to crap and the loan is called, you lose. If your house craters and the bank finds out, you lose. If your job fades, you lose. If you invest in the wrong stuff (like gold, bitcoins, weed stock or junior oil & gas), you lose. If the feds drop the hammer on HELOCs again, you lose.
Debt is debt. The world’s soaked in it. Most people would be unwise to shoulder more.
The best strategy, history will show, is to trash debt by selling high. This is high.
Complex home buying tax strategy, courtesy of Derek Holt – the chief economist at Scotiabank
· Make a $19.2k RRSP contribution just three months in advance of buying a home… • …assuming a 30% tax rate, deposit $6k tax refund back into RRSP… • …then withdraw the allowed $25k maximum under the HomeBuyers’ • …to be repaid to the RRSP in equal installments over 15 years starting 2 years after withdrawal with no interest penalty and the payments are not counted in mortgage serviceability calculations… • …at, say, a 4% rate of interest, this equals $8k in interest savings over 15yrs… • …which means the initial $19.2k RRSP deposit has been parlayed into an effective down payment of about $33k, or an extra 70%+ • No restrictions on the source of the original RRSP deposit (can borrow for it, ‘gift’, etc). • ie: the zero-down mortgage can still theoretically exist • If a couple, and both are first time homebuyers, double all of the math above (ie: turn $38k from liberally allowed sources into a $65k down payment)
· If a major bank’s showing clients how to take $38,000 and game it into $65,000 through exploiting the system, it might indicate we’ve all hit a tax wall. And this is even before T2 Hoovers out the savings of small business operators, vets, docs and the local John Deere dealership.
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Weekly Roundup

News roundup for the previous week.
In International news
  1. Behind the Belt: Short Documentary featuring China’s cultural and economic relationship with Kenya through the eyes of the younger generation
  2. China’s Top Ideologue Calls for Tight Control of Internet
  3. Shinzo Abe: Japan ready to cooperate with China on Global trade plan, hopes to have trilateral meeting with Chinese premier and SK president before end of this year.
  4. Illini Shuttle launches a racist attack on Chinese international students. They protested. Scummy racist van company gets destroyed on review sites.
  5. Mistrust of Australia is growing in China
  6. Puerto Rico's Desperate. China Can Help.
  7. Silk diplomacy of the Celestial Empire against the Turkistan Islamic Party: The civil war in #Syria and growing TIP in the world's jihadist movement forced Beijing to make adjustments to foreign policy. Today, several dozen Chinese military advisers are training the Syrian military in Damascus
  8. China pushing billions into #Iran economy as Western firms stall: China financing billions of dollars of Chinese-led projects, making deep inroads into the economy while European competitors struggle to find banks willing to fund their ambitions, Iranian government and industry officials said
  9. Xi calls for promoting China #Myanmar economic corridor: "We have a long history of friendly friendship and close cooperation with mutual trust and mutual respect in recent years" said Suu Kyi. Xi proposed economic corridor with Myanmar to enhance trade investments and explore new cooperation areas
  10. Ad promises students 'You won't feel like you're in China when you're on our buses': "These types of racist and bigoted statements...deserve nothing but condemnation from all of us" - University of Illinois. Suburban sent a second email it titled "Apology" -- but the message didn't sound apologetic
  11. Asian American Doctor Put on Probation After Revealing He Gets Bullied at Work
  12. Air China To Launch Beijing-Panama Flights in 2018
  13. Budapest Summit: The Silk Road Comes to #Europe. China has comprehensively expanded its relations with the 16 states of the region, offering loans and construction support for a variety of infrastructure projects that are expected to facilitate the Silk Road's expansion into Europe
  14. China's animation wins first prize of Anilogue International #Animation Festival in Hungary: "Big Fish and Begonia" won the first prize of the full-length film category
  15. International forum analyzes evil nature of #FalunGong: Michael Kropveld, Founder and Executive Director of Info-Cult/Info-secte, said though China and western countries differ in culture, religion, history and law, the behavior of Li Hongzhi his followers are no doubt promoting a cult
  16. Panama builds "China team" to improve bilateral ties
  17. After ditching Taiwan, China says Panama will get the help it needs
  18. 'It's just a waste of money': Chinese students regret enrolling in US universities
  19. China, Maldives to increase Belt and Road cooperation: Yameen said the #Maldives viewed China as "amongst our closest friends, most trusted and most dependable partners." "The Belt and Road Initiative has greatly helped the development of many small and medium countries," he said
  20. Dragon of Afghanistan: Bruce Lee lookalike reviled by Extremists (Trailer) Premiere 12/6
  21. China’s ban on imported plastic leads to ‘impending crisis’ for UK waste recycling
  22. Russia-China bond market play could kick-start new dollarless financial system: The Moscow stock exchange will soon issue nearly $1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US dollar, analysts say
  23. China, Russia seek closer military cooperation: Military cooperation plays an important role in #Russia-China relations and the two countries should continue to strengthen their partnership in joint military drills, army games and personnel training, Putin said
  24. Trump fiddles with phone as US burns out in Asia, and China gives a lesson in leadership
  25. China offers to help get Israelis and Palestinians talking. Beijing calls for restraint as violence follows US decision to move embassy to Jerusalem.
  26. If U.S. Navy vessel docks in Kaohsiung, China will attack: PRC embassy minister
  27. 澳洲人民站起来了
  28. The China-Russia-Canada-America Train / Tunnel Link?
In Domestic news
  1. Chinese manned submersible with pinpoint accuracy officially commissioned: Shenhai Yongshi, or "deep sea warrior," control system enables the submersible to locate an item with a diameter of less than 50 cm some 3,500 meters underwater
  2. Gas shortage for winter heating sparks outrage
  3. What’s wrong with China’s kindergartens?
  4. At home and abroad, the swaggering Lu Wei, China’s now disgraced chief censor, won all his battles. Whether publicly cowing the country’s “Big V” bloggers or extracting homage from Western media and technology executives. Some speculate Mr. Lu’s didn’t go far enough to satisfy his boss, President Xi
  5. 中华人民共和国反间谍法实施细则
  6. English Teacher at Top School in China Fired Over Sexual Abuse Allegations
  7. Chinese per capita energy consumption expected to double by 2040
  8. Arrest warrant issued for 2nd HK Localist Rioter who skipped out on bail
  9. 中国驻美公使:美军舰抵达高雄日就是我军武统之时
In SciTech news
  1. China to power WuXi NextCODE, the Google of human #genome data: WXNC’s “genomically ordered relational database” was designed to store and analyse huge amounts of genetic code and index new genetic variations from genomes sequenced by the company, its partners and in every public data resource
  2. China is catching to the USA, while Japan is being left behind
  3. Fossil of a 'strange' sea creature discovered: with long spines along its wormlike body and a shell that covers its head like a helmet. The 2-centimeter-long creature, whose scientific name is Orthrozanclus elongata, lived during the Cambrian period
  4. Chinese scientists develop liquid metal 3D printing technique
  5. China's Dark Matter Space Probe Just Detected...Something Very Interesting: haven't found #darkmatter yet, but found what could be an indicator of it. Technically, it's called a spectral break, and while we've seen indirect measurements, this is the first time such a blip has been directly spotted
  6. Inside Baidu’s Bid to Lead the AI Revolution
  7. Better mastery of heat flow leads to next-generation thermal cloaks: #Thermalcloak is designed to hide heated objects from infrared. Materials for such cloaks would need to offer zero thermal conductivity. Fudan University a new mechanism for designing such materials
  8. U.S. and China Satellite Cooperation Means Better Service for Civilian GPS Users: The United States and China have negotiated compatible signal characteristics that will both protect and enhance service for users of the U.S. Global Positioning System (GPS) and the equivalent Chinese system
  9. Long March 2D lofts latest Yaogan Weixing satellite – named LKW-1: The Jianbing-6 electro-optical satellites carry high resolution optical sensors and reportedly have a resolution of between one to three meters and are placed in orbits that provide favorable illumination for the imaging missions
  10. China shows off drone brigade at Guangzhou Fortune Forum gala. 1180 drones weighing a ton and controlled by a console and one operator.
  11. China gets big boost in semiconductor equipment localization
  12. China is racing down the path of global digital domination, with Xi Jinping in the driver’s seat. China is already spending the equivalent of 2.1 per cent of its 2016 economic output on technology research and development, more than the European Union’s 2.08 per cent.
  13. Chinese Scientist discovers Perfectly Preserved Dinosaur Feathers trapped in amber in unprecedented find
  14. First small unmanned cargo ship in pipeline: loading capacity of 500 metric tons and be able to sail 500 nautical miles (930 km) with its battery fully charged. Such unmanned vehicles are expected to lower the number of human-error incidents at sea, reduce labor costs and cut emissions
  15. Shanghai subway to use Alibaba voice and facial recognition systems in #AI push: Passengers would be able to tell their destination to ticket machines, and the machines would then recommend the best route
In Economic news
  1. China’s Auto Industry Accelerates in Race Against Foreign Rivals: Lynk & Co. upscale vehicles capable of matching foreign rivals. “Local (Chinese) cars are now the ones that really offer the best value for money,”
  2. To counter NAFTA risks, Trudeau seeks to initiate FTA negotiations with China
  3. Economic Watch: Why the U.S. rejection of China's market economy status is wrong - Xinhua
  4. Chinese manufacturing may not be moving to Africa all that soon - The most common response to rising wages, however, was not relocating to countries with cheaper labor but turning to automation
  5. China Will Lead an Electric Car Future, Fords Chairman Says
  6. Iran & China seek to eliminate US dollar from bilateral trade
  7. China’s Agricultural Imports Will See Continuous Increase
  8. JD.com plans to build nearly 200 drone airports in rural China
  9. China’s phone market is now dominated by five companies, none of which is Samsung
  10. Business Opportunities from Consumption Upgrade in China
  11. The coming trade war over data
  12. Beijing’s bitcoin ban ‘helped China dodge a scary cryptocurrency bubble’: Despite China’s ban on #cryptocurrency exchanges, the government said it was looking into issuing its own sovereign digital currency
  13. China may top US as the world’s biggest consumer by 2022: Chinese imports from Asia, Africa, Oceania, South America and Eastern Europe have already topped those by the US
  14. Ford and Alibaba sign deal for 'car vending machine' sales in China Wants to 'reimagine vehicle ownership experience'
  15. Nvidia’s Shield TV offers Wii and GameCube games in HD in China: running in 1080p resolution, including New Super Mario Bros. Wii, The Legend of Zelda: Twilight Princess, and PUNCH-OUT
  16. Oil Prices Rise On Solid Chinese Demand
  17. China dominates top economies in patent applications. Last year accounted for more applications than US, Europe, Korea and Japan, combined.
  18. China's e-commerce retail over 40% of global market in 2016, doubles US
  19. Ford recruits #Alibaba to help break into China’s electric vehicle industry: The scope of alliance is fairly broad and vague at this point, but a large chunk of the”strategic collaboration” appears to be based around developing a direct sales channel to reach consumers in China
In Military news
  1. China confirms deployment of fighters to South China Sea island for first time: China had sent J-11B fighters to Woody Island in #Paracel. Thermostabilized hangar boosts the jet fighters’ durability and resistance to the island’s humidity and high temperatures,” for longer-term deployments
  2. China Has a Plan to Make America's Stealth Aircraft Obsolete
  3. US defense companies facing increased competition from China
  4. China building more Yuyi-class LCACs: Five Type 726As that appeared to be nearly completed could be seen at the yard on 24 November. The first of these 20,000-tonne amphibious assault ships was commissioned in 2007
  5. Is China chipping away at the Asean bloc? Diplomatic observers say that by pulling its neighbours closer, Beijing is stretching ties between other countries in the region, testing bonds within the Asean bloc on big issues like the South China Sea
  6. Combat ready: Chinese air force puts new Y-9 transport planes through paces in South China Sea drill. Flew thousands of km to simulate an airdrop over an island in the contested waters. The exercise was conducted in mock combat conditions and without weather data or guidance from a command centre
  7. US Air Force Gen. John E. Hyten has alleged that China and Russia have reportedly been developing capabilities, including jamming and laser weapons, that can target military assets of the United States, based in space
  8. China’s Type 001A Aircraft Carrier to House 40 J-15 Fighter Jets: The Type 001A carrier, which is close to completing its mooring test, fifth generation jets such as J-20 and J-31 are meant for flight operations from China's future aircraft carriers with the electromagnetic launcher system
  9. China and Iran carry out naval exercise near Strait of Hormuz as US holds drill with Qatar
Other Notables
  1. Asia's first fully-automated port sets new record
  2. Does anyone have English subtitles for the show "In the name of the people" (人民的名义)?
  3. West meets East: An American girl’s bond with China. Chinese social media have fallen in love with an American teenage girl, after listening to her reciting of an ancient Chinese poem. Happy Rogers, daughter of US investor Jim Rogers, recited a poem written by a Chinese poet of the Song Dynasty
  4. Traditional Han-style group wedding ceremony held in Hunan
  5. Forgotten Japanese POW camp recalled in Chinatown exhibition: The display of 200 enlarged images, along with wall text and illustrations smuggled out by the POWs themselves, comes from China’s Site Museum of Shenyang POW Camp of World War II Allied Forces, and this is its North American premiere
  6. Westerner totally gets it about China
  7. uo'aXy'an Lesson One: Introduction and Greetings (TIL Star Citizen scifi game has a made up alien inspired by Han dynasty and there's a made up language to go with it)
  8. How is the UCLA Basketball team theft being portrayed in China? What are the reactions?
  9. Apple CEO backs China’s vision of an ‘open’ Internet as censorship reaches new heights
  10. Russian election interference: Western leaders hypocritical in manufactured outrage against Russia and China
  11. Chinese Teen Cancer Patient Begs Parents to Stop Her Treatments Because They Can't Afford It
  12. 印度美女漂泊14年,一心只想嫁个中国老公
  13. Homeless Hong Kong man wearing junk metal trinkets [3572 × 4000]
  14. Live: Xi'an-Chengdu HSR puts into wide operation西成高铁实现全线开通运营
  15. LSE Research in Mandarin: Chinese political thoughts | London School of Economics @uToob
  16. China showcases jet fighters at South China Sea island
  17. The Subversive Power of Chinese Internet Slang
  18. 馬雲空降魔都:不愛喝咖啡,但愛星巴克!】全球最大星巴克落戶上海,「星粉」評價:環境很贊,出品很棒,價格不便宜
  19. The day my Chinese dad was declared a ‘bona fide’ #Indonesian and given a new name: I couldn’t imagine what it must have been like living with the continuous, forced assimilation policies in the era of former president Suharto, whose ‘New Order’ regime enacted laws to counter the “Chinese problem”
  20. China and the American Revolution
  21. The Story Behind Lavish Chinese Dance Extravaganza Shen Yun
  22. Traditional Chinese Wedding Hanfu in the style of the Ming Dynasty. Hanfu from 明华堂/Minghuatang.
  23. Chinese Film Sector Charts a Course for a #SciFi Blockbuster to Call Its Own: There are now no less than 10 high-profile such projects targeting release over the coming 12 to 18 months, and many of the country's most esteemed film figures have caught the bug
  24. Ningxia under imperial rule ‘centuries earlier’: excavation of 3,000-year-old tombs. The jade mantis provides evidence of the tomb owner’s relationship with imperial governments. Discovery suggests Ningxia part of the imperial empire from the late Shang, 1,000 years earlier than previously believed
  25. 年度“開光”神曲舞蹈大匯總!【最新 中國搞笑視頻合集+中國社交網絡熱門視頻集錦 10
  26. Wedding photo on cliff face in central China
  27. Ancient China: Colossal Waterway System Built by 5,000-Year-Old #Liangzhu Civilization Discovered by Scientists. Took an estimated 3,000 people nearly a decade to build, and pushes back the date of China's earliest known large-scale water engineering project to about 5,100 years ago
  28. The Rock Springs Massacre
  29. The Child Stars Putting China’s Adult Actors to Shame: “Dream of the Red Chamber” became an overnight sensation. “The acting is really good. To be honest, it’s better than that of some superstars,” read one of hundreds of enthusiastic bullet screen comments searing across the series’ first episode
  30. Netflix acquires three more popular web dramas from China
  31. Inside the China National Acrobatic Troupe with star performer Di Hui
  32. Globe editorial: Does Justin Trudeau get China?
  33. Commentary: It's time for Australia to decide what kind of relationship it wants with China - Xinhua
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Justin Sun (Tron) and Warren Buffet / Bitcoin chart (Bear ...

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