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25 Tools and Resources for Crypto Investors: Guide to how to create a winning strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
This is going to be Part 1 and will deal with research resources, risk and returns. In Part 2 I'll post a systematic approach to valuation and picking individual assets with derived price targets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. Its not because we are seeing any mass increase in adoption, if anything adoption among eCommerce sites is decreasing. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage of previous price action. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization to think about:
  • Currency
  • General Purpose Platform
  • Advertising
  • Crowdfunding Platform
  • Lending Platform
  • Privacy
  • Distributed Computing/Storage
  • Prediction Markets
  • IOT (Internet of Things)
  • Asset Management
  • Content Creation
  • Exchange Platform
I generally like to simplify these down to these 7 segments:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month). Buffet calls this "circle of competence", he invests in sectors he understands and avoids those he doesn't like tech. I think doing the same thing in crypto is a wise move.
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Crypto Investing Guide: Useful resources and tools, and how to create an investment strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
Many people entered recently at a time when the market was rewarding the very worst type of investment behavior. Unfortunately there aren't many guides and a lot of people end up looking at things like Twitter or the trending Youtube crypto videos, which is dominated by "How to make $1,00,000 by daytrading crypto" and influencers like CryptoNick.
So I'll try to put together a guide from what I've learned and some tips, on how to invest in this asset class. This is going to be Part 1, in another post later I'll post a systematic approach to valuation and picking individual assets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. Its not because we are seeing any mass increase in adoption or actual widespread utility with cryptocurrency. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.
How to set a realistic ROI target
How do I set my own personal return target?
Basically I aim to achieve a portfolio return of roughly 385% annually (3.85X increase per year) or about 11.89% monthly return when compounded. How did I come up with that target? I base it on the average compounded annual growth return (CAGR) over the last 3 years on the entire market:
Year Total Crypto Market Cap
Jan 1, 2014: $10.73 billion
Jan 1, 2017: $615 billion
Compounded annual growth return (CAGR): (615/10.73)1/3 = 385%
My personal strategy is to sell my portfolio every December then buy back into the market at around the beginning of February and I intend to hold on average for 3 years, so this works for me but you may choose to do it a different way for your own reasons. I think this is a good average to aim for as a general guideline because it includes both the good years (2017) and the bad (2014). Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio. If you want to try for a higher CAGR than about 385% then you will likely need to go into more highly speculative picks. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable.
As the recent January dip showed while the core cryptos like Bitcoin and Ethereum would dip an X percentage, the altcoins would often drop double or triple that amount. Its a very fragile market, and the type of dumb behavior that people were engaging in that was profitable in a bull market (chasing pumps, going all in on a microcap shillcoin, having an attention span of a squirrel...etc) will lead to consequences. Just like they jumped on the crypto bandwagon without thinking about risk adjusted returns, they will just as quickly jump on whatever bandwagon will be used to blame for the deflation of the bubble, whether the blame is assigned to Wall Steet and Bitcoin futures or Asians or some government.
Nobody who pumped money into garbage without any use case or utility will accept that they themselves and their own unreasonable expectations for returns were the reason for the gross mispricing of most cryptocurrencies.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month).
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoMarkets [link] [comments]

ELi5/AMA Cryptocurrency & Mining Thread

Based upon interest shown in my post here earlier today, the following is a ELi5 and AMA post on my perspective as a cryptocurrency investor and miner, specifically how I see the cryptocurrency space impacting AMD's performance in the near to medium term (0-3 years).
My Background:
I am not a computer scientist, and many on this form know significantly more than I ever will in regards to computing, computing hardware design, and software. Take this into consideration when reading my post, and feel free to open up discussion if you disagree with me. I am always looking to learn / assess new perspectives.
I do though have a background in STEM, until recently have followed AMD, Intel, and NVIDIA closely in regards to consumer and enthusiast hardware release, and have been mining Ethereum on a hand-built machine for roughly the past year, and investing in crypto for a decent amount of time as well. Given this, I believe that I can provide insight into the cryptocurrency and crypto mining realm, which is tightly coupled to AMD's GPU sales.
My Motivation for Writing This:
About a year ago I was a daily browser of this sub. Check my profile history if you wish. It was this very sub that gave me confidence to make my first investments outside of a 401k. Through this sub’s members I laid a foundation for making future investments that I will carry with me through life.
How I Got Started In Cryptocurrency:
Ironically, my start in cryptocurrency came through this very sub. As a daily follower of AMD_STOCK, during the initial Ethereum run-up early last year AMD and NVIDIA GPU’s were selling like hotcakes. Prices for GPU’s released months prior were rising instead of falling. I had no clue what a cryptocurrency even was. I distinctly remember reading through a post on this sub explaining the GPU shortage. It was simply “Ethereum”. I don’t know why, but this post struck me more than it should have. How could a shortage of hundreds of thousands of GPUs, totaling millions of dollars, be summed up in one word? This was the entrance to the rabbit whole that is cryptocurrency, or what I think is more telling, the financial and supply chain tech revolution.
Cryptocurrency Eli5:
Cryptocurrency is currently so much more than Bitcoin. Cryptocurrency is currently the financial, supply chain, + whatever else it ends up touching, technology revolution that is currently taking place as we speak. Cryptocurrency simply is a set of protocols that allow monetary/data transaction, smart contracts (think “if a, do b”), and/or storage in a distributed and trustless way, without a middle man.
Eli5:
It is a system that allows you and little Johnny from down the street to pay each other allowance money for things, without your mommies needing to get involved to make sure no one is getting cheated (Peer to Peer Payments). It can also allow you and Johnny to make deals with each other, and Johnny won’t be able to get out of it by saying “just kidding” later on (Smart Contracts). In both of these cases, you and Johnny write down the agreed upon payment, deal, information on a piece of paper, sign your names, and then send it out to everyone you know. Once those people recognize your and Johnny’s signature they sign it as well (distributed ledger). If there are any disagreements later, you look at the piece of paper and see what actually happened. For much more detail, visit cryptocurrency or some of the other cryptocurrency subs.
Proof of Work (PoW) vs Proof of Stake (PoS):
I had talked previously about handing out a copy of transactions to other peers for consensus. I was referring to a distributed ledger. This allows those who use the network to look over previous transactions and come to an agreement upon past history, avoid double spends (someone giving the same dollar to two different people), and verify a user’s current funds. Well, it doesn’t exactly work like that, and different cryptocurrencies employ different “consensus mechanism’s”. IT IS THESE CONSENSUS MECHANISMS THAT ARE OF IMPORTANCE AS AMD INVESTORS. I’ll try to go through the most prominent ones below.
Consensus Mechanisms:
Eli5: They solve the question: What if you and Johnny both hand out copies containing different information? Who decides what the truth is?
Proof of Work (PoW): Eli5: Proof of Work is like if you and Johnny hand out copies of your transactions to each of your classmates, the teacher decides that this isn’t a democracy, and that not everyone gets to vote on what they think happened. The teacher says that for each math problem in today’s math quiz a student gets right, they get one vote to put in the jar up at the front of the class. After the quiz is done and everyone puts their votes in the jar, the teacher then reaches in and grabs a random vote on if you or Johnny were telling the truth. It is then recorded. Also, the student’s who’s vote was selected gets a gold star today (mining rewards, what makes this all profitable for miners). How is AMD involved in this? AMD’s GPU’s are what solves the math problems for the students in this example. The more math problems that they can solve correctly before the quiz is over, the higher chance that they have at getting to decide what is recorded on the ledger, and thus receive mining rewards (free cryptocurrency).
Proof of Stake (PoS):
Eli5: Well the teacher decided that she didn’t like doing math tests anymore because they took too much time and thought that the paper and pencils consumed during the quiz’s were a waste of the school’s resources (electricity used in PoW). She decided that instead, each student would get one vote based upon how many gold stars (how much cryptocurrency) they already have. But the catch is, if a student is caught lying somehow on their vote, they get all of their current gold stars taken away. This is what is “At Stake” in the Proof of Stake model. How does this differ from PoW from an AMD perspective? Well, if you haven’t noticed, there are no more math problems to be solved in this model, thus high-performance GPUs are not necessary for PoS mining. This provides several advantages in terms of energy savings, but would not be good for AMD’s sales.
The Current State of The Market in Regards to PoW vs PoS:
Currently, a majority of cryptocurrencies operate on the PoW model, but that ratio is dwindling as currencies switch over to PoS models. PoS is seen to provide several advantages, with major ones being energy efficiency and a potential reduced transaction time. Major cryptocurrencies using PoW include Ethereum, Monero, Zcash, etc.. with the most profitable over the past year usually being Ethereum. Ethereum is currently planning on switching over to a PoS model, but that transition has been delayed, and now has planned to first transition to a hybrid model of PoW and PoS before fully transferring over to PoS. I have not heard any rumors from Monero or Zcash about transitioning over to PoS in the short term.
My Perspective/Predictions on AMD GPU Sales Over the Short and Medium Term:
  1. Cryptocurrency over the medium term will continue to flourish/rise. There may be a major “crash” in the future, but I believe that is at least a year away, and a crash event would still leave the total market cap higher than it currently is valued at ~600 Billion dollars.
  2. It will be 1+ year before a significant portion of current major PoW currencies phase out PoW for PoS.
  3. AMD will continue to sell out GPU products for the foreseeable future (~1 year) as 1 & 2 above create a recipe for sustained/increased profitability in cryptocurrency mining.
  4. Long Term – PoW will likely fade away as PoS grows in popularity. I foresee this happening in the 1-3 year time frame. What happens to AMD? Well, if the transition happens fast, gaming GPUs will flood the market and their new hardware sales will obviously be challenged to compete. If the transition happens slower, I see the trend being less violent to AMD as a company if they can keep performance improvements from generation to generation up. Although there will still be a flood of cheap used hardware on the market, before sufficient hardware floods the market new higher performance hardware could be released making old hardware obsolete for mid to high end gamers. This would be a huge win for AMD investors as it would minimize any impact to sales.
  5. Because of the statement above, pay close attention to the PoS transition timeframe for Ethereum. This will be the first mass selloff of consumer GPUs.
Things I did not Cover:
  1. AMD GPUs are typically more profitable than NVIDIA’s for cryptocurrency mining and why.
  2. You cannot mine Bitcoin with consumer GPUs profitably. They require custom hardware (ASIC).
  3. Getting into the actual process of how to mine (see the many Ethereum mining subs like ethermining for answers).
  4. Have I made a profit – Yes, I have paid off my investment and then some.
  5. What do I think of mining vs just investing – Okay I’ll answer this one. I personally would choose to invest directly into the cryptocurrencies over mining, unless you are using your existing gaming GPU, as I believe that investing will yield potentially an order of magnitude higher ROI over the next 2-5 years. Start with cryptocurrency and go from there. If you have specific questions, feel free to PM me. This is coming from a miner mind you.
  6. What coins are profitable and what to mine? This website is a good resource: https://whattomine.com/
  7. My exit plan for the market? Well, I’ve stated above that I think a major crash (greater than 50%, we see 50% crashes every 3 or so months, but these are often largely exceeded by gains after) in this market will likely dip to current or slightly below current total market cap. I could be wrong though, but that’s a risk I am willing to take given my deep dive on this space. I currently hold currencies that will pay PoS mining rewards. I plan to sell these rewards.
Thanks for reading guys. I hope you found some useful information. If you have questions or see anything you disagree with feel free to comment!
TLDR: I see cryptocurrency, cryptocurrency mining, and thus AMD GPU sales holding strong for the foreseeable short term ~1 year. This is just my opinion, do your own research, I could be wrong, but I live in this space.
submitted by Usrname_Not_Relevant to AMD_Stock [link] [comments]

Broker view on the Bitcoin futures.

We don't see where any short sell supply can come from except market makers who will hedge with spot on GDAX/Gemini. Efficiently we will have huge long disbalance tonight. You can expect trading stopped immediately after the market open.
Edit: ELI5.
  1. In general, percentage of traders who short sell stocks or commodities is very low.
  2. Polls show that only 5-10% traders consider short selling Bitcoin
  3. Many brokers will not allow to short bitcoin futures at all
  4. Margin requirements for short sell will be enormous
  5. Bitcoin futures will trade lower that bitcoin itself because of high borrow rates.
submitted by chris_eu to Bitcoin [link] [comments]

JPMorgan suppresses gold & silver prices to prop up the USDollar - via "naked short selling" of GLD & SLV ETFs. Now AXA (which owns $94 million of JPMorgan stock) may be trying to suppress Bitcoin price - via tiny blocks. But AXA will fail - because the market will always "maximize coinholder value"

TL;DR
As a bitcoin user (miner, hodler, investor) you have all the power - simply due to the nature of markets and open-source software. Core/Blockstream, and their owners at AXA, can try to manipulate the market and the software for a while, by paying off devs who prefer tiny blocks, or censoring the news, or conducting endless meetings - but in the end, you know that they have no real control over you, because endless meetings are bullshit, and code and markets are everything.
Bitcoin volume, adoption, blocksize and price have been rising steadily for the past 7 years. And they will continue to do so - with or without the cooperation of Core/Blockstream and the Chinese miners - because just like publicly held corporations always tend to "maximize shareholder value, publicly held cryptocurrencies always tend to "maximize coinholder value".
How much of a position does AXA have in JPMorgan?
AXA currently holds about $94 million in JPMorgan stock.
http://zolmax.com/investing/axa-has-94718000-position-in-jpmorgan-chase-co-jpm/794122.html
https://archive.is/HExxH
Admittedly this is not a whole lot, when you consider that the total of JPMorgan's outstanding shares is currently around USD 3.657 billion.
But still it does provide a suggestive indication of how these big financial firms are all in bed with each other. Plus the leaders of these big financial firms also tend to hang out which each other professionally and socially, and are motivated to protect the overall system of "the legacy ledger of fantasy fiat" which allows them to rule the world.
How does JPMorgan use paper GLD and SLV ETFs to suppress the price of physical gold and silver?
As many people know, whistleblower Andrew Maguire exposed the massive criminal scandal where JPMorgan has been fraudulently manipulating gold and silver prices for years.
JPMorgan does this via the SLV and GLD ETFs (Exchange Traded Funds).
The reason they do it is in order to artificially suppress the price of gold and silver using "naked short-selling":
https://duckduckgo.com/?q=andrew+maguire+gata+jpmorgan+nake+short&t=hd&ia=videos
How exactly does JPMorgan manage to commit this kind of massive fraud?
It's easy!
There's actually about 100x more "phantom" or fake silver and gold in existence (in the form of "paper" certificates - SLV and GLD ETFs) - versus actual "physical" gold and silver that you can take delivery on and hold in your hand.
That means that if everyone holding fake/paper SLV & GLD ETF certificates were to suddenly demand "physical delivery" at the same moment, then only 1% of those people would receive actual physical silver and gold - and the rest would get the "equivalent" in dollars. This is all well-known, and clearly spelled out in the fine print of the GLD and SLV ETF contracts.
(This is similar to "fractional reserve" where almost no banks have enough actual money to cover all deposits. This means that if everyone showed up at the bank on the same day and demanded their money, the bank would go bankrupt.)
So, in order to fraudulently suppress the price of gold and silver (and, in turn, prevent the USDollar from crashing), JPMorgan functions as a kind of "bear whale", dumping "phantom" gold and silver on the market in the form of worthless "paper" SLV and GLD ETF certificates, "whenever the need arises" - ie, whenever the US Dollar price starts to drop "too much", and/or whenever the gold and silver prices start to rise "too much".
(This is similar to the "plunge protection team" liquidity providers, who are well-known for preventing stock market crashes, by throwing around their endlessly printed supply of "fantasy fiat", buying up stocks to artificially prevent their prices from crashing. This endless money-printing and market manipulation actually destroys one of the main purposes of capitalism - which is to facilitate "price discovery" in order to reward successful companies and punish unsuccessful ones, to make sure that they actually deliver the goods and services that people need in the real world.)
Is there an ELI5 example of how "naked short selling" works in the real world?
Yes there is!
The following example was originally developed by Overstock CEO Patrick Byrne - who, as many people know, is very passionate about using Bitcoin not only as cash, but also to settle stock trades - because his company Overstock got burned when Wall Street illegally attacked it using naked short selling:
Here's how naked short-selling works: Imagine you travel to a small foreign island on vacation. Instead of going to an exchange office in your hotel to turn your dollars into Island Rubles, the country instead gives you a small printing press and makes you a deal: Print as many Island Rubles as you like, then on the way out of the country you can settle your account. So you take your printing press, print out gigantic quantities of Rubles and start buying goods and services. Before long, the cash you’ve churned out floods the market, and the currency's value plummets. Do this long enough and you'll crack the currency entirely; the loaf of bread that cost the equivalent of one American dollar the day you arrived now costs less than a cent.
With prices completely depressed, you keep printing money and buy everything of value - homes, cars, priceless works of art. You then load it all into a cargo ship and head home. On the way out of the country, you have to settle your account with the currency office. But the Island Rubles you printed are now worthless, so it takes just a handful of U.S. dollars to settle your debt. Arriving home with your cargo ship, you sell all the island riches you bought at a discount and make a fortune.
http://www.rollingstone.com/politics/news/wall-streets-naked-swindle-20100405
Why isn't anybody stopping JPMorgan from using "naked short selling" to fraudulently suppress gold and silver prices?
Because "certain people" benefit!
Of course, this "naked short selling" (selling a "phantom" asset which doesn't actually exist in order to suppress the price of the "real" asset) is actually illegal - but JPMorgan is allowed to get away with it, because suppressing the gold and silver price helps prop up the United States and world's major "fantasy fiat" financial institutions - which would be bankrupt without this kind of "artificial life support."
How does suppressing the gold and silver price help governments and banks?
If gold and silver (and Bitcoin!) rose to their actual "fair market value", then the US dollar (and most other national "fiat" currencies) would crash - and many major financial institutions would be exposed as bankrupt. Also, many "derivatives contracts" would default - and only a tiny percentage of defaults would destroy most major financial companies' balance sheets. (For example, see Deutsche Bank - which is may become "the next Lehman", due to having around around $80 trillion in dangerous derivatives exposure.)
So, major financial firms like JPMorgan are highly motivated to prevent a "real" (honest) market from existing for "counterparty-free" assets such as physical gold and silver (and Bitcoin!)
So, JPMorgan fraudulently manipulate the precious-metals market, by flooding it with 100x more "phantom" "silver" and "gold" in the form of worthless GLD and SLV ETF certificates.
Basically, JPMorgan is doing the "dirty work" to keep the US government and its "too-big-to-fail" banks and other financial institutions afloat, on "artificial life support".
Otherwise, without this GLD & SLV ETF "naked short selling" involving market manipulation and fraud, the US government - and most major US financial institutions, as well as many major overseas financial institutions, and most central banks - would all be exposed as bankrupt, once traders and investors discovered the real price of gold and silver.
So, what does this have to do with AXA and Bitcoin?
Just like JPMorgan wants to suppress the price of gold and silver to prop up the USDollar, it is reasonable to assume that AXA and other major financial players probably also want to suppress the price of Bitcoin for the same reasons - in order to postpone the inevitable day when the so-called "assets" on their balance sheets (denominated in US Dollars and other "fantasy fiat" currencies, as well as derivatives) are exposed as being worthless.
Actually, only the motives are the same, while the means would be quite different - ie, certain governments or banks might want to suppress the Bitcoin price - but they wouldn't be able to use "naked short selling" to do it.
As we know, this is because with Bitcoin, people can now simply demand "cryptographic proof" of how many bitcoins are really out there - instead of just "trusting" some auditor claiming there is so much gold and silver in a vault - or "trusting" that a gold bar isn't actually filled with worthless tungsten (which happens to have about the same "molecular weight" as gold, so these kinds of counterfeit gold bars have been a serious problem).
(And, by the way: hopefully it should also be impossible to do "fractional reserve" using "level 2" sidechains such as the Lightning Network - although that still remains to be seen. =)
So, even though it should not be possible to flood the market with "phantom" Bitcoins (since people can always demand "cryptographic proof of reserves"), AXA could instead use a totally different tactic to suppress the price: by suppressing Bitcoin trading volume - explained further below.
Does AXA does actually have the motives to be suppressing the Bitcoin price - right now?
Yes, they do!
As described above, the only thing which gives giant banking and finance companies like JPMorgan and AXA the appearance of solvency is massive accounting fraud and market manipulation.
They use the "legacy ledger of fantasy fiat" (ie, debt-backed "currency", endlessly printed out of thin air) - and the never-ending carrousel of the worldwide derivatives casino, currently worth around 1.2 quadrillion dollars - to "paper over" their losses, and to prevent anyone from discovering that most major insurance firms like AXA - and most major banks - would already be considered bankrupt, if you counted only their real assets. (This is known as "mark-to-market" - which they hate to do. They much prefer to do "mark-to-model" which some people call "mark-to-fantasy" - ie, fraudulent accounting based on "phantom" assets" and rampant market manipulation.)
So, it is public knowledge that nearly all "too-big-to-fail" financial companies like AXA (and JPMorgan) would be considered bankrupt if their fraudulent accounting practices were exposed - which rely on the "legacy ledger of fantasy fiat" and the "never-ending carrousel of the derivatives casino" to maintain the façade of solvency:
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
Does AXA actually have the means to to be suppressing the Bitcoin price... right now?
Yes, they do!
For example, AXA could decide to support economically ignorant devs like Greg Maxwell (CTO of Blockstream), Adam Back (CEO of Blockstream), and the other Core devs who support Blockstream's "roadmap" based on tiny blocks.
Wait - isn't AXA already doing precisely that?
Yes, they are!
As we all know, AXA has invested tens of millions of dollars in Blockstream, and Blockstream is indeed fighting tooth and nail against bigger blocks for Bitcoin.
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
So, how would artificially tiny blocks artificially suppress the Bitcoin price?
This is pretty much based on common sense - plus it's also been formalized and roughly quantified in concepts involving networking and economics, such as "Metcalfe's Law".
Metcalfe's Law says pretty much what you'd expect it to say - ie: the more people that use a system, the more valuable that system is.
More precisely: the value of a system is proportional to the square of the number of users in that system - which also makes sense, since when there are N users in a system, the number of connections between them is N*(N - 1)2 which is "on the order of" N squared.
In fact, Metcalfe's Law has been shown to hold for various types of networks and markets - including faxes, internet, national currencies, etc.
Does Metcalfe's Law apply to Bitcoin?
Yes, it does!
The past 7 years of data also indicates - as predicted - that Metcalfe's Law also does indeed apply to Bitcoin as well.
Graphs show that during the 5 years before Blockstream got involved with trying to artificially suppress the Bitcoin price via their policy of artificially tiny blocks, Bitcoin prices were roughly in proportion to the square of the (actual) Bitcoin blocksizes.
Bitcoin has its own E = mc2 law: Market capitalization is proportional to the square of the number of transactions. But, since the number of transactions is proportional to the (actual) blocksize, then Blockstream's artificial blocksize limit is creating an artificial market capitalization limit!
https://np.reddit.com/btc/comments/4dfb3bitcoin_has_its_own_e_mc2_law_market/
During all those years, actual blocksizes were still low enough to not bump into the artificial "ceiling" of the artificial 1 MB "max blocksize" limit - which, remember, was only there as a temporary anti-spam measure, so it was deliberately set to be much higher than any actual blocksize, and everyone knew that this limit would be removed well before actual blocksizes started getting close to that 1 MB "max blocksize" limit.
But now that Bitcoin volume can't go up due to hitting the artificial "max blocksize" 1 MB limit (unless perhaps some people do bigger-value transactions), Bitcoin price also can't go up either:
Bitcoin's market price is trying to rally, but it is currently constrained by Core/Blockstream's artificial blocksize limit. Chinese miners can only win big by following the market - not by following Core/Blockstream. The market will always win - either with or without the Chinese miners.
https://np.reddit.com/btc/comments/4ipb4q/bitcoins_market_price_is_trying_to_rally_but_it/
So what does this all have to do with that meeting in Silicon Valley this weekend, between Core/Blockstream and the Chinese miners?
This latest episode in the never-ending saga of the "Bitcoin blocksize debates" is yet another centralized, non-transparent, invite-only stalling non-scaling, no-industry-invited, no-solutions-allowed, "friendly" meeting being held this weekend - at the very last moment when Blockstream/Core failed to comply with the expiration date for their previous stalling non-scaling non-agreement:
The Fed/FOMC holds meetings to decide on money supply. Core/Blockstream & Chinese miners now hold meetings to decide on money velocity. Both are centralized decision-making. Both are the wrong approach.
https://np.reddit.com/btc/comments/4vfkpthe_fedfomc_holds_meetings_to_decide_on_money/
So, on the expiration date of the HK stalling / non-scaling non-agreement, Viacoin scammer u/btcdrak calls a meeting with no customer-facing businesses invited (just Chinese miners & Core/Blockstream), and no solutions/agreements allowed, and no transparency (just a transcript from u/kanzure). WTF!?
https://np.reddit.com/btc/comments/4vgwe7/so_on_the_expiration_date_of_the_hk_stalling/
This disastrous, desperate meeting is the latest example of how Bitcoin's so-called "governance" is being hijacked by some anonymous scammer named u/btcdrak who created a shitcoin called Viacoin and who's a subcontractor for Blockstream - calling yet another last-minute stalling / non-scaling meeting on the expiration date of Core/Blockstream's previous last-minute stalling / non-scaling non-agreement - and this non-scaling meeting is invite-only for Chinese miners and Core/Blockstream (with no actual Bitcoin businesses invited) - and economic idiot u/maaku7 who also brought us yet another shitcoin called Freicoin is now telling us that no actual solutions will be provided because no actual agreements will be allowed - and this invite-only no-industry no-solutions / no-agreements non-event will be manually transcribed by some guy named u/kanzure who hates u/Peter__R (note: u/Peter__R gave us actual solutions like Bitcoin Unlimited and massive on-chain scaling via XThin) - and as usual this invite-only non-scaling no-solutions / no-agreements no-industry invite-only non-event is being paid for by some fantasy fiat finance firm AXA whose CEO is head of the Bilderberg Group which will go bankrupt if Bitcoin succeeds.**
What is the purpose of this meeting?
The "organizers" and other people involved - u/btcdrak and u/maaku7 - say that this is just a "friendly" meeting - and it is specifically forbidden for any "agreements" (or scaling solutions) to come out of this meeting.
What good is a meeting if no agreements or solutions can some out of it?
Good question!
A meeting where solutions are explicitly prohibited is actually perfect for Blockstream's goals - because currently the status quo "max blocksize" is 1 MB, and they want to keep it that way.
So, they want to leverage the "inertia" to maintain the status quo - while pretending to do something, and getting friendly with the miners (and possibly making them other "offers" or "inducements").
So this meeting is just another stalling tactic, like all the previous ones.
Only now, after the community has seen this over and over, Blockstream has finally had to publicly admit that it is specifically forbidden for any "agreements" (or scaling solutions) to come out of this meeting - which makes it very obvious to everyone that this whole meeting is just an empty gesture.
So, why is this never-ending shit-show still going on?
Mainly due to inertia on the part of many users, and dishonesty on the part of Core/Blockstream devs.
Currently there is a vocal group of 57 devs and wannabe devs who are associated with Core/Blockstream - who refuse to remove the obsolete, temporary anti-spam measure (or "kludge") which historically restricted Bitcoin throughput to a 1 MB "max blocksize".
Somehow (via a combination of media manipulation, domain squatting, censorship, staged international Bitcoin stalling "scaling" meetings and congresses, fraudulent non-agreements, and other dishonest pressure tactics) they've managed to convince everyone that they can somehow dictate to everyone else how Bitcoin governance should be done.
vampireban wants you to believe that "a lot of people voted" and "there is consensus" for Core's "roadmap". But he really means only 57 people voted. And most of them aren't devs and/or don't understand markets. Satoshi designed Bitcoin for the economic majority to vote - not just 57 people.
https://np.reddit.com/btc/comments/4ecx69/uvampireban_wants_you_to_believe_that_a_lot_of/
Meanwhile, pretty much everyone else in Bitcoin - ie, everyone who's not involved with Blockstream - knows that Bitcoin can and should have bigger blocks by now, to enable increased adoption, volume, and price, as shown by the following points:
(1) Most miners, and investors, and Satoshi himself, all expected Bitcoin to have much bigger blocks by now - but these facts are censored on most of the media controlled by Core/Blockstream-associated devs and their friends:
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."
https://np.reddit.com/btc/comments/3wo9pb/satoshi_nakamoto_october_04_2010_074840_pm_it_can/
The moderators of r\bitcoin have now removed a post which was just quotes by Satoshi Nakamoto.
https://np.reddit.com/btc/comments/49l4uh/the_moderators_of_rbitcoin_have_now_removed_a/
(2) Research has repeatedly shown that 4 MB blocks would work fine with people's existing hardware and bandwidth - such as the Cornell study, plus empirical studies in the field done by jtoomim:
https://np.reddit.com/btc+bitcoin/search?q=cornell+4+mb&restrict_sr=on&sort=relevance&t=all
(3) Even leading Bitcoin figures such as Blockstream CTO Greg Maxwell u/nullc and r\bitcoin censor moderator u/theymos have publicly stated that 2 MB blocks would work fine (in their rare moments of honesty, before they somehow became corrupted):
theymos 1/31/2013: "I strongly disagree with the idea that changing the max block size is a violation of the 'Bitcoin currency guarantees'. Satoshi said that the max block size could be increased, and the max block size is never mentioned in any of the standard descriptions of the Bitcoin system"
https://np.reddit.com/btc/comments/4qopcw/utheymos_1312013_i_strongly_disagree_with_the/
"Even a year ago I said I though we could probably survive 2MB" - nullc
https://np.reddit.com/btc/comments/43mond/even_a_year_ago_i_said_i_though_we_could_probably/
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
So... What can we do now to stop giant financial institutions like AXA from artificially suppressing Bitcoin adoption, volume and price?
It's not as hard as it might seem - but it might (initially) be a slow process!
First of all, more and more people can simply avoid using crippled code with an artificially tiny "max blocksize" limit of 1 MB produced by teams of dishonest developers like Core/Blockstream who are getting paid off by AXA.
Other, more powerful Bitcoin code is available - such as Bitcoin Unlimited or Bitcoin Classic:
https://np.reddit.com/btc/comments/3ynoaa/announcing_bitcoin_unlimited/
https://np.reddit.com/btc/comments/4089aj/im_working_on_a_project_called_bitcoin_classic_to/
In addition, proposals for massive on-chain scaling have also been proposed, implemented, and tested - such as Xthin:
https://np.reddit.com/btc+bitcoin/search?q=xthin+author%3Apeter__r&restrict_sr=on&sort=relevance&t=all
Hasn't the market already rejected other solutions like Bitcoin Unlimited or Bitcoin Classic?
Actually, no!
If you only read r\bitcoin, you might not hear about lots of these promising new innovations - or you might hear people proclaiming that they're "dead".
But that forum r\bitcoin is not reliable, because it routinely censors any discussion of on-chain scaling for Bitcoin, eg:
The most upvoted thread right now on r\bitcoin (part 4 of 5 on Xthin), is default-sorted to show the most downvoted comments first. This shows that r\bitcoin is anti-democratic, anti-Reddit - and anti-Bitcoin.
https://np.reddit.com/btc/comments/4mwxn9/the_most_upvoted_thread_right_now_on_rbitcoin/
So, due to the combination of inertia (people tend to be lazy and cautious about upgrading their software, until they absolutely have to) and censorship, some people claim or believe that solutions like Bitcoin Unlimited or Bitcoin Classic have "already" been rejected by the community.
But actually, Bitcoin Classic and Bitcoin Unlimited are already running seamlessly on the Bitcoin network - and once they reach a certain predefined safe "activation threshold", the network will simply switch over to use them, upgrading from the artificially restrictive Bitcoin Core code:
Be patient about Classic. It's already a "success" - in the sense that it has been tested, released, and deployed, with 1/6 nodes already accepting 2MB+ blocks. Now it can quietly wait in the wings, ready to be called into action on a moment's notice. And it probably will be - in 2016 (or 2017).
https://np.reddit.com/btc/comments/44y8ut/be_patient_about_classic_its_already_a_success_in/
I think the Berlin Wall Principle will end up applying to Blockstream as well: (1) The Berlin Wall took longer than everyone expected to come tumbling down. (2) When it did finally come tumbling down, it happened faster than anyone expected (ie, in a matter of days) - and everyone was shocked.
https://np.reddit.com/btc/comments/4kxtq4/i_think_the_berlin_wall_principle_will_end_up/
So what is the actual point of this weekend's meeting between Core/Blockstream and the Chinese Miners?
It's mainly just for show, and ultimately a meaningless distraction - the result of desperation and dishonesty on the part of Core/Blockstream.
As mentioned above, real upgrades to Bitcoin like Bitcoin Classic and Bitcoin Unlimited have already been implemented and tested and are already running on the Bitcoin network - and the overall Bitcoin itself can and probably will switch over to them, regardless of any meaningless "meetings" and delaying tactics.
Is it inevitable for Bitcoin to move to bigger blocks?
Yes, for three reasons:
(1) As mentioned above, studies show that the underlying hardware and bandwidth will already easily support actual blocksizes of 2 MB, and probably 4 MB - and everyone actually agrees on this point, including die-hard supporters of tiny blocks such as Blockstream CTO Gregory Maxwell u/nullc, and r\bitcoin censor moderator u/theymos.
(2) The essential thing about a publicly held company is that it always seeks to maximize shareholder value - and, in a similar fashion, a publicly held cryptocurrency also always seeks to maximize "coinholder" value.
(3) Even if Core/Blockstream continues to refuse to budge, the cat is already out of the bag - they can't put the toothpaste of open-source code back into the tube. Some people might sell their bitcoins for other cryptocurrencies which have better scaling - but a better solution would probably be to wait for a "spinoff" to happen. A "spinoff" is a special kind of "hard fork" where the existing ledger is preserved, so your coins remain spendable on both forks, and you can trade your coins on markets, depending on which fork you prefer.
Further information on "spinoff technology" can be found here:
https://bitcointalk.org/index.php?topic=563972.0
https://duckduckgo.com/?q=site%3Abitco.in%2Fforum+spinoff&ia=web
An excellent discussion of the economic advantages of using a "spinoff" to keep the original ledger (and merely upgrade the ledger-appending software), can be found here:
https://bitcointalk.org/index.php?topic=678866.0
And today, based on new information learned from Ethereum's recent successful "hardfork split", people are already starting to talk about the specific details involved in implementing a "spinoff" or "hardfork split" for Bitcoin to support bigger blocks - eg, changing the PoW, getting exchanges to support trading on both sides of the fork, upgrading wallets, preventing replay attacks, etc:
We now know the miners aren't going to do anything. We now know that a minority fork can survive. Why are we not forking right now?
https://np.reddit.com/btc/comments/4vieve/we_now_know_the_miners_arent_going_to_do_anything/
So - whether it's via a hardfork upgrade, or a hardfork split or "spinoff" - it is probably inevitable that Bitcoin will eventually move to bigger blocks (within the underlying hardware and bandwidth constraints of course - which would currently support 2-4 MB blocksizes).
Why are bigger blocks inevitable for Bitcoin?
Because that's how markets always have and always will behave - and there's nothing that Blockstream/Core or AXA can do to stop this - no matter how many pointless stalling scaling meetings they conduct, and no matter how many non-agreements they sign and then break.
Conclusion
Endless centralized meetings and dishonest agreements are irrelevant. The only thing that matters is decentralized markets and open-source code. Users and markets decide on what code to install, and what size blocks to accept. Bitcoin adoption, volume - and price - will continue to grow, with or without the cooperation of the dishonest devs from Core/Blockstream, or misguided miners - or banksters at "fantasy fiat" financial firms like JPMorgan or AXA.
submitted by ydtm to btc [link] [comments]

Welcome post for bitcoin newbies with common advice, fun memes and serious resources (updated).

Welcome to bitcoin!
When you come asking if or when is a good time to buy (the real Bitcoin, not Bcash), the answer is: Buy now, always Hodl in FUD times (Bitcoin has "died" many times, but Moneybadger don't care, buy the dips and never panic-sell, stuff like: "China ban Bitcoin...again!" will keep happening again and again.
Here's Bitcoin's response to Jamie Dimon. Stick to the real Bitcoin through all the 'forks' and 'splits' that accomplish nothing but new mediocre, unsafe and centralized altcoins, strengthen/immunize Bitcoin and give you free altcoins to buy more Bitcoin.
All Central Powers look silly trying to control or ban it. Learn from history and listen to this absolute Boss. There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, Total number of millionaires (in USD value) worldwide is around 33 million. BTC is the best money.
Also relax, you are actually an early adopter, BTC is still relatively small, mentally prepare yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing 'Corrections Trends Perspective') and remember all this:
Follow this basic rules of Bitcoin:
It is always a good time to buy Bitcoin if you are hodling long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has practically been up most of the time, and the road to the moon is paved with minor corrections (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "The bitcoin bubble is about to pop" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is exponential, not linear.
When they bring up the overused "2000 Dotcom Bubble collapse" argument, tell them: I hope so! Look at these past decentralized tech adoption "bubbles". Hyperbitcoinization, it is coming.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential 'S-Curve' of adoption. Check out this great 2017 MIT study: "The Cryptocurrency Market Is Growing Exponentially". Patience pays, don't listen to most "Expert Analysts" or MSM".
Bitcoin is a Moneybadger that get's stronger and immunized with every new attack and this broad picture of its price since infancy (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's exponential (bigger "bubbles" every time), this old logarithmic scale has been accurate so far, as well as analysts like Wall Street strategist Tom Lee by using Metcalfe's Law: "The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2)" wiki-link. He explains it clearer here.
Learn the difference between Inflation (dollar) and Deflation (Bitcoin) and just take a look at the fiat >20 trillion (and growing fast) debt clock to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: "2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”. Bitcoin, the Moneybadger, is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think blockchain will disrupt their industry. Check out these Bitcoin Economy and Bitcoin Transaction infographics.
Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So, remember this and don't wait for the Bitcoin "bubble" to burst or for the price to drop significantly again, because you could be waiting forever:
“The best time to buy bitcoin was in 2009...”.
Don't be -- this guy
Watching Andreas Antonopoulos is a great start:
"Introduction to Bitcoin"
Playlists on Andreas own YT channel
Check out this great articles regarding Bitcoin's value:
"What Gave Bitcoin Its Value?"
"How do Bitcoins have value?"
"Why we value Bitcoin"
"Yes, Cryptocurrencies are Valuable"
Bitcoin ELI5
Bitcoin Guide
Bitcoin Resources
How to buy Bitcoin
Bitcoin Infographic
Bitcoin Reading List
Where to buy Bitcoin list
The Bitcoin Sticky FAQ's
Bitcoin Academic Research
Bitcoin 'Awesome Handbook'
Excellent 'Crypto 101' by stos313
Where to use Bitcoin list by Bitcoin-Yoda
Comprehensive Big-Picture info by Trace Mayer
Starter Guide "Bitcoin Complete And Ultimate Guide".
Who accepts Bitcoin? List of Companies, Stores, Shops.
Edit: Stay away from fake "Bitcoin" stuff like "btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH), "Bitcoin" Gold, etc.
submitted by domelane to Bitcoin [link] [comments]

Subreddit Stats: AskEconomics top posts from 2016-12-11 to 2017-12-10 16:42 PDT

Period: 363.79 days
Submissions Comments
Total 1000 9010
Rate (per day) 2.75 24.68
Unique Redditors 765 1500
Combined Score 9038 28269

Top Submitters' Top Submissions

  1. 75 points, 11 submissions: Ask_Everything
    1. How did Ireland become SO WEALTHY in spite of being hit by the Great Recession so hard? (10 points, 4 comments)
    2. Peru's economy grew by 7.8% per year since 2009. Is this due to quinoa exports? (8 points, 4 comments)
    3. Why can't employers hire 16% more employees and pay ALL of their employees 14% less in aggregare? This would make the unemployment rate 0% without adding to employer costs. (8 points, 10 comments)
    4. In the USA, an we have employee owned businesses like Bob’s Red Mill. Is there a model that allows a business to be municipal owned or partly owned by the municipality? (7 points, 3 comments)
    5. What are the best leading indicators for the economy or the stock market? (7 points, 11 comments)
    6. EITC VS Higher Minimum Wage for poverty reduction and reducing income inequality (6 points, 9 comments)
    7. How would implementing a $15/hour minimum wage NOT contribute to inflation across the board (thus negating its effect)? (6 points, 13 comments)
    8. In Communist USSR, (1) was the Gini Coefficient = ~0? (2) If everyone earned about the same amount, then was there poverty? (3) What were some economic triumphs of Communism? (6 points, 12 comments)
    9. India and China had equal Per Capita GDP (PPP) in '89. Why are all economic predictions of India so much more pessimistic about India than for China? (6 points, 4 comments)
    10. Why is there a black market for USD in developing countries? (6 points, 4 comments)
  2. 62 points, 6 submissions: VanGod21
    1. How much money could be collected with pigouvian and land/natural resource taxes in the United States? (21 points, 3 comments)
    2. Is income inequality an externality? (17 points, 16 comments)
    3. Why do private companies get the patent on drugs funded by the government? (9 points, 2 comments)
    4. Would cutting the corporate tax increase investment? (6 points, 4 comments)
    5. When is it better for the government to borrow money for spending rather than pay with taxes? (5 points, 5 comments)
    6. What are the biggest externalities in the United States? (4 points, 4 comments)
  3. 61 points, 6 submissions: BainCapitalist
    1. ACA replacement bill is out. Any changes from the original talking points that were released? (17 points, 1 comment)
    2. Examples of 'good' infrastructure plans? (12 points, 2 comments)
    3. Applications of blockchain technology? (9 points, 4 comments)
    4. Articles/ books on wartime economics? (8 points, 3 comments)
    5. Can I have a breakdown on all the major theories on the emergence of money? (8 points, 17 comments)
    6. Question about X-Tax (7 points, 6 comments)
  4. 54 points, 5 submissions: benjaminikuta
    1. Millennials are earning 20% less than boomers did at the same age in life... (19 points, 8 comments)
    2. Does marketing make society better off, or is it rent seeking? (12 points, 3 comments)
    3. The Interstate Commerce Act of 1887 regulated the railroads, forced consistent cargo rates and eliminated price discrimination between long and short haul fares. Would it be fair to describe the law as enforcing a kind of "rail neutrality"? What was the impact of the law? (8 points, 1 comment)
    4. What if instead of a ban on plastic grocery bags, there was just an extreme tax? (8 points, 20 comments)
    5. What are some examples of natural monopolies that exist or would exist without government intervention? (7 points, 25 comments)
  5. 54 points, 3 submissions: Alethean
    1. If major countries go to war, what happens to their debt obligations? (30 points, 3 comments)
    2. Does the world have a contingency plan for a Chinese recession or financial crisis? (15 points, 11 comments)
    3. Is there much risk of contagion or a reduction in aggregate demand if/when bitcoin collapses? (9 points, 4 comments)
  6. 52 points, 3 submissions: Municipal_Man
    1. What are the most profound ideas of economics in the last 20 years? (35 points, 53 comments)
    2. Where can I find the Debt of a city and the GDP of a city? (10 points, 4 comments)
    3. What are the DISADVANTAGES of the EITC? (7 points, 3 comments)
  7. 48 points, 6 submissions: zangerinus
    1. net neutrality: good or bad? (13 points, 25 comments)
    2. In the 50's a single person in the US with a decent job requiring little or even no education could provide a comfortable home, education for their children, etc etc by themselves. Why were they paid so much or why hasn't that pay transitioned to 2017? (9 points, 9 comments)
    3. Best behavioral economics textbook? (7 points, 5 comments)
    4. Will US debt be a problem in the future? (7 points, 13 comments)
    5. Books/sources on Public Choice theory? (6 points, 2 comments)
    6. How to help third world countries? Why is foreign aid controversial among economists? (6 points, 10 comments)
  8. 48 points, 4 submissions: dewarr
    1. If the USSR was so ineffecient, how was it such a superpower? (21 points, 24 comments)
    2. Is Schrumpeter's "Capitalism, Socialism, and Democracy" remotely approachable for a relative layperson? (11 points, 5 comments)
    3. Good history of economics textbook? (9 points, 5 comments)
    4. Does the concept of economic utility stem from ethical utiliarianism? (7 points, 6 comments)
  9. 46 points, 5 submissions: jomdo
    1. Does the U.S. have a different definition than the rest of the world, in regards to what exactly "Middle Class" is? (13 points, 14 comments)
    2. What are some fictional books that appears to have a realistic running economy- looking for books where one would later go back and say, "Hey maybe this happened because of ----" (10 points, 0 comments)
    3. What are some economic indicators of corruption? (9 points, 7 comments)
    4. Does anyone have a source that compares the income of every nation's lowest quintile? (8 points, 0 comments)
    5. How is it that there are modern nations with more income inequality than the Roman Empire (based on a study published by Cambridge) (6 points, 12 comments)
  10. 43 points, 5 submissions: neoliberalQuestions
    1. Is unilateral free trade as beneficial as bi/multilateral free trade agreements? Are there greater costs to it compared with other free trade arrangements? [x-post from /AskSocialScience] (11 points, 5 comments)
    2. How much contribution does healthcare make to health outcomes in the US compared with other factors like lifestyle, diet, environment, etc.? How does the US's mix of factors compare to those of other developed countries? (10 points, 2 comments)
    3. In the US, certain localities have short-run reduced employment prospects due to positive productivity shocks (automation, trade, etc.). What frictions/market failures prevent workers in these places from retraining themselves and moving away? (10 points, 6 comments)
    4. Is market power as little a problem (and anti-trust as ineffective at promoting consumer welfare) as depicted in this Econtalk podcast with Don Bourdreaux? (7 points, 10 comments)
    5. How might relatively low income localities mitigate the effects of a high national minimum wage? (5 points, 9 comments)
  11. 40 points, 4 submissions: CarltonFrater
    1. Am I crazy for wanting to be an economist? (13 points, 13 comments)
    2. Would a Masters Degree in Economics be a good choice for me? (11 points, 14 comments)
    3. Will Automation Lead to Drastic Unemployment and a Depression as some Speculate? (10 points, 14 comments)
    4. What is the relation between government spending as a percentage of GDP? (6 points, 1 comment)
  12. 37 points, 5 submissions: MTGTCG
    1. Which country has the best policies and institutions in place for economic growth? (11 points, 6 comments)
    2. What problems do mainstream economists have with libertarian beliefs? (9 points, 9 comments)
    3. Foreign Aid to the 3rd World (6 points, 4 comments)
    4. Intellectual Property, is it needed? (6 points, 2 comments)
    5. What is the best way to design the tax system if the goal is GDP growth? (5 points, 24 comments)
  13. 36 points, 4 submissions: Semaug
    1. What sort of impacts will Trump's proposed tariffs have on the economy? (13 points, 6 comments)
    2. Did economists see the 2008 recession coming? (10 points, 5 comments)
    3. What percentage of Venezuela's economy is run by the state(SOEs)? (7 points, 4 comments)
    4. Does the US spend a disproportionate amount on drug R&D compared to other countries? If so, is this related to the lack of price control? (6 points, 1 comment)
  14. 36 points, 4 submissions: rishijoesanu
    1. How do economists price carbon? (12 points, 14 comments)
    2. Can someone ELI5 Amartya Sen's Liberal Paradox? (10 points, 5 comments)
    3. Does automation cause Job loss in the long run? Thoughts on the new Kurzgesagt video? (9 points, 34 comments)
    4. What aspects of Ray Dalio's video "How The Economic Machine Works" is wrong or oversimplified? (5 points, 0 comments)
  15. 35 points, 5 submissions: remarkablecereal
    1. If people find a cheap way to make near unlimited amounts of gold, would the money backed by gold become worthless? (11 points, 10 comments)
    2. Is the "robot" revolution different this time? (7 points, 1 comment)
    3. When misers hoard wealth, can the market pretend it doesn't exist? (6 points, 11 comments)
    4. Why is war expensive? (6 points, 22 comments)
    5. Why is labour cheaper in developing countries? (5 points, 6 comments)
  16. 35 points, 2 submissions: Jyan
    1. Why tax brackets, rather than a smooth increase? (22 points, 8 comments)
    2. Judea Pearl wrote that "men were more qualified than equally paid women", in contrast to the usual statement on gender inequality. Is anyone aware of a citation? (13 points, 1 comment)
  17. 35 points, 2 submissions: Paul_2
    1. Is "Basic Economics" by Thomas Sowell reliable? (25 points, 3 comments)
    2. What is the standard of proof in economics? (10 points, 10 comments)
  18. 35 points, 1 submission: PM_ME_MESSY_BUNS
    1. /memenomics posts aside, is Ben Bernanke really a hero? Did the Fed save us from something much worse during the recession? How bad would it have been if the Fed acted as poorly and lamely as it did before/during the Great Depression? (35 points, 5 comments)
  19. 33 points, 2 submissions: johnfrance
    1. Most important books or papers in economics published since 2000? (27 points, 5 comments)
    2. Looking for good secondary literature on Ricardo, and JS Mill? (6 points, 2 comments)
  20. 33 points, 1 submission: papermarioguy02
    1. What parts of Friedman's "The Role of Monetary Policy" are now part of the economic consensus? (33 points, 1 comment)

Top Commenters

  1. zzzzz94 (2400 points, 299 comments)
  2. RobThorpe (1525 points, 515 comments)
  3. MrDannyOcean (1401 points, 185 comments)
  4. he3-1 (599 points, 65 comments)
  5. riggorous (534 points, 178 comments)
  6. generated_regressor (487 points, 131 comments)
  7. Petros557 (450 points, 112 comments)
  8. Integralds (432 points, 59 comments)
  9. ZerexTheCool (407 points, 99 comments)
  10. whyrat (394 points, 116 comments)
  11. Randy_Newman1502 (385 points, 80 comments)
  12. Cutlasss (369 points, 79 comments)
  13. isntanywhere (349 points, 93 comments)
  14. Cross_Keynesian (347 points, 59 comments)
  15. King_Freedom (339 points, 109 comments)
  16. themcattacker (321 points, 115 comments)
  17. IDontGiveAFuckDude (269 points, 78 comments)
  18. Greenhorn24 (266 points, 91 comments)
  19. jmo10 (240 points, 72 comments)
  20. panick21 (227 points, 108 comments)
  21. say_wot_again (203 points, 36 comments)
  22. bon_pain (174 points, 49 comments)
  23. UpsideVII (164 points, 37 comments)
  24. gorbachev (164 points, 27 comments)
  25. VodkaHaze (153 points, 33 comments)
  26. Yankee9204 (151 points, 33 comments)
  27. Hypers0nic (146 points, 33 comments)
  28. adam7684 (131 points, 21 comments)
  29. Philosopher013 (128 points, 38 comments)
  30. FinancialEconomist (127 points, 26 comments)
  31. loaengineer0 (123 points, 26 comments)
  32. neoliberalQuestions (121 points, 33 comments)
  33. Cystee (115 points, 33 comments)
  34. a_s_h_e_n (110 points, 31 comments)
  35. Frexican (106 points, 25 comments)
  36. ManWithAMasterplan (106 points, 18 comments)
  37. brberg (103 points, 22 comments)
  38. MiltonFriedom (102 points, 32 comments)
  39. Rimshotsgalore (100 points, 31 comments)
  40. HeFlipYa (97 points, 33 comments)
  41. VineFynn (96 points, 18 comments)
  42. electrodraco (94 points, 10 comments)
  43. MrCava (90 points, 26 comments)
  44. WikiTextBot (86 points, 50 comments)
  45. wumbotarian (86 points, 16 comments)
  46. Holophonist (85 points, 13 comments)
  47. MaesterMagoo (79 points, 26 comments)
  48. FatBabyGiraffe (77 points, 19 comments)
  49. badbooksaintbad (76 points, 17 comments)
  50. econ_learner (76 points, 15 comments)

Top Submissions

  1. Is there even one economist in here that thinks Trump's protectionist agenda will result in welfare gains for the American people? by deleted (38 points, 39 comments)
  2. What are the most profound ideas of economics in the last 20 years? by Municipal_Man (35 points, 53 comments)
  3. /memenomics posts aside, is Ben Bernanke really a hero? Did the Fed save us from something much worse during the recession? How bad would it have been if the Fed acted as poorly and lamely as it did before/during the Great Depression? by PM_ME_MESSY_BUNS (35 points, 5 comments)
  4. What parts of Friedman's "The Role of Monetary Policy" are now part of the economic consensus? by papermarioguy02 (33 points, 1 comment)
  5. Maybe a dumb question but, If we're so good at producing efficiently why can't more people live in a single income? by thebshwckr (30 points, 33 comments)
  6. My friend recently published this - help me prank him by gosick (30 points, 11 comments)
  7. If major countries go to war, what happens to their debt obligations? by Alethean (30 points, 3 comments)
  8. What programming language should an Economist learn? by MrEconomist206 (29 points, 61 comments)
  9. What is it really like to be an economist? by ListenAndObserve (28 points, 5 comments)
  10. Why does Marxism seem to be so much more prevalent in philosophical circles than in economic ones? by Oedium (27 points, 36 comments)

Top Comments

  1. 85 points: zzzzz94's comment in Can anyone explain why Austrian Economics is so unpopular?
  2. 67 points: say_wot_again's comment in Who hates Milton Friedman most?
  3. 45 points: he3-1's comment in Why does Marxism seem to be so much more prevalent in philosophical circles than in economic ones?
  4. 41 points: MrDannyOcean's comment in What is an economists opinion on Libertarianism?
  5. 39 points: he3-1's comment in How can I learn enough about economics to make informed voting decisions?
  6. 39 points: zzzzz94's comment in Where did the $15 minimum wage come from?
  7. 38 points: ManWithAMasterplan's comment in What are the strongest arguments against free college?
  8. 37 points: MrDannyOcean's comment in My friend recently published this - help me prank him
  9. 37 points: ZerexTheCool's comment in Is the field of economics separable from capitalism?
  10. 35 points: MrDannyOcean's comment in Maybe a dumb question but, If we're so good at producing efficiently why can't more people live in a single income?
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

11-26 05:03 - '[GDAX] / For all the newbies here: Welcome to Bitcoin! Here are some info and resources (at the bottom) to get you started: / [quote] [quote][quote][quote] [quote][quote] [quote] [quote] [quote][quote] [quote] [quote] / [quote]...' by /u/readish removed from /r/Bitcoin within 0-7min

'''
[GDAX]1
For all the newbies here: Welcome to Bitcoin! Here are some info and resources (at the bottom) to get you started:
When you come asking if or when is a good time to buy (the real Bitcoin, not Bcash), the answer is: Buy now, always [Hodl]2 in [FUD times]3 (Bitcoin has ["died"]4 many times, but [Moneybadger]5 don't care, [buy the dips]6 and never panic-sell, stuff like: ["China ban Bitcoin...again!"]7 will [keep happening]8 again and [again]9 .
Here's Bitcoin's [response]10 to Jamie Dimon. Stick to the [real Bitcoin]11 through all the ['forks' and 'splits']12 that accomplish nothing but new mediocre, unsafe and centralized altcoins, [strengthen/immunize]13 Bitcoin and give you free altcoins to buy more Bitcoin.
All [Central Powers look silly]14 trying to [control]15 or [ban]16 it. Learn from [history]17 and listen to this [absolute Boss]18 . There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million]19 . BTC is the [best money]20 .
Also relax, you are actually an [early adopter]21 , BTC is still [relatively small]22 , [mentally prepare]23 yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective']24 ) and remember all this:
Follow this basic rules of Bitcoin:
  • Never try to time the market. [Dollar cost average]25 by buying what you can afford to lose every week.
  • Once Bitcoin in wallet-[HODL!]26 (never [panic-sell]27 ), if the price goes down, buy the dips.
  • [Never (NSFW-nudity)]28 , ever, [short Bitcoin]29 .
It is always a good time to buy Bitcoin if you are [hodling long term]30 and not just for [day trading]31 , so this is a great [strategy]32 . Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections]33 (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "[The bitcoin bubble is about to pop]34 " since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is [exponential]35 , not linear. When they bring up the overused "2000 Dotcom Bubble collapse" argument, tell them: [I hope so!]36
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] ([link]80 ). Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"]37 . Patience [pays]38 , don't listen to most ["Expert Analysts"] ([link]81 ) or [MSM"]39 .
Bitcoin is a [Moneybadger]40 that get's stronger and immunized with [every new attack]41 and this [broad picture of its price since infancy]42 (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential]43 (bigger "bubbles" every time), this old [logarithmic scale]44 has been accurate [so far]45 , as well as analysts like Wall Street strategist [Tom Lee]46 by using [Metcalfe's Law]47 : "The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2)" [wiki-link]48 . He explains it clearer [here]49 .
Learn the difference between [Inflation (dollar) and Deflation (Bitcoin)]50 and just take a look at the fiat >20 trillion (and growing fast) [debt clock]51 to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: ["2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”]52 . Bitcoin, the [Moneybadger]53 , is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry]54 . Check out these Bitcoin [Economy]55 and Bitcoin [Transaction]56 infographics.
Also, remember its [fixed, limited supply of 21 million coins ever,]57 there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]58 . So, remember [this]59 and [don't wait for the Bitcoin "bubble" to burst]60 or for the price to drop significantly again, because you could be waiting forever:
**[“The best time to buy bitcoin was in 2009...”]61 *.*
Don't be -- [this guy]62
Here is a good start:
["Introduction to Bitcoin" - Andreas Antonopoulos]63
Playlists on [Andreas own YT channel]64
Check out this great articles:
["What Gave Bitcoin Its Value?"]65
["How do Bitcoins have value?"] ([link]82 )
["Yes, Cryptocurrencies are Valuable"]66
Bitcoin [ELI5]67
Bitcoin [Guide]68
Bitcoin [Resources]69
How to [buy Bitcoin]70
Bitcoin [ Infographic]71
Bitcoin [Reading List]72
Where to [buy Bitcoin list]73
Bitcoin [Academic Research]74
Bitcoin ['Awesome Handbook']75
Excellent ['Crypto 101']76 by stos313
Where [to use Bitcoin list]77 by Bitcoin-Yoda
Starter Guide ["Bitcoin Complete And Ultimate Guide"]78 .
Who accepts Bitcoin? [List of Companies, Stores, Shops]79 .
Edit: Stay away from fake "Bitcoin" stuff like "btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH), "Bitcoin" Gold, etc.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: readish
1: https://gyazo.com/a856663f886b1d85ec9799f6b15b4bea 2: https://i.redd.it/fvh3ibzxz8kz.jpg
3: https://99bitcoins.com/bitcoinobituaries/ 4: https://i.redd.it/hfahmbnhm8mz.gif 5: https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif 6: https://i.redd.it/rzshmoa2iokz.png 7: https://www.youtube.com/watch?v=Ry6PpRXk0dQ 8: https://i.redd.it/hhemw5893ilz.png 9: *s**ts*bwbx*io/image*/use*s/iqjWH*F*fx**/ia*WDRd*a2e**v1/80**-1.png 10: https://cdn-e2.streamable.com/video/mp4/krkvu.mp4?token=1505391795_b2860bb3f73fe8852b803dfd7260ae43a3f8a5fd 11: https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig 12: https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f 13: https://imgur.com/S5sbb1l 14: https://i.redd.it/1ui0rr23hplz.jpg 15: https://imgur.com/xmVLuaP 16: https://gyazo.com/a8102e7524bc7132764042546644af3c 17: https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large 18: https://www.youtube.com/watch?v=kPYUNN7QkPY 19: https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html 20: https://gyazo.com/2215921efdb65878961c15a5b5107fc4 21: https://gyazo.com/17686a64065799190aeda3aa7e42f59e 22: https://i.redd.it/uq0t95ivxyyz.jpg 23: https://imgur.com/KuflBtk 24: https://gyazo.com/55239b2aefbac8fb150fde557aaf4085 25: http://www.investopedia.com/terms/d/dollarcostaveraging.asp 26: https://i.redd.it/fvh3ibzxz8kz.jpg 27: https://youtu.be/g1HzU_gHSDI?t=181 28: https://imgur.com/4Yip2iF 29: https://imgur.com/j7MZuMZ 30: https://i.redd.it/pc1exi5dd0ez.jpg 31: https://i.redd.it/vis4nvsd3flz.jpg 32: https://imgur.com/PJDf2tp 33: https://i.redd.it/kfgi0cdkt36z.png 34: https://i.redd.it/ooxw816ai6yz.jpg 35: https://en.wikipedia.org/wiki/Exponential_growth 36: https://imgur.com/e1xfX0s 37: *ww.t*chno**gy*eview.com*s/6*7*47/the**ry*t*c**re*cy-mark*t-*s-growin**expon*nti*lly/ 38: https://i.redd.it/d5dgq77xdolz.jpg 39: https://i.imgur.com/ihoRfhm.jpg 40: https://i.redd.it/1d6avnrdt0ez.jpg 41: https://i.redd.it/gumb0i0lyctz.jpg 42: https://i.redd.it/r8q26ebtaxiz.png 43: https://i.redd.it/wtmigx7ny6tz.png 44: https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a 45: https://imgur.com/a/xF89b#kRXoK6G 46: https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html 47: https://i.redd.it/k2u7ft74y1001.jpg 48: https://en.wikipedia.org/wiki/Metcalfe%27s_law 49: https://www.youtube.com/watch?v=J-Vjgx75GXQ 50: https://imgur.com/uA5r9U6 51: w**.*sdeb*clock*org/ 52:
https://www.forbes.com/sites/panosmourdoukoutas/2017/07/01/bitcoin-beats-stocks-bonds-and-gold-again/#73a567dd5c4d 53: https://imgur.com/a/6XHUD#C3Pe5MD 54: https://imgur.com/drBgEe4 55: https://i.redd.it/jbqzuvawt1tz.jpg 56: *.polygos.co*/ae*1001*98a*26*e*b78625**6*2*dab.jp* 57: https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg 58: http://www.bitcoinblockhalf.com/ 59: https://i.redd.it/j327zs6kyg9z.png 60: https://gyazo.com/70a944e267f64214a5be405833e232a5 61: https://i.imgflip.com/1zj9lm.jpg 62: https://imgflip.com/i/1hlmpp 63: https://www.youtube.com/watch?v=qkxdys-Ek9U 64: https://www.youtube.com/useaantonop/playlists 65: https://fee.org/articles/what-gave-bitcoin-its-value/ 66: hack*rn*on.com*yes-crypt*curr*n*i*s*a**-*al*a*le-a**9ce58ca54 67: ww**eli*bi*c*in.com/ 68: ww*.tropyc.co/cr**to-*0** 69: l****net/bi*coin.html 70: https://bitcoin.org/en/buy 71: bi*c**n*lay.*et*wp**ontent/uploa*s/2017/0*/*i**oin*fact-01-1.p** 72: b*lievein*itcoin.com/bit*o*n*r*ad**g-li*t*201** 73: https://www.reddit.com/Bitcoin/comments/6ymwtm/where_to_buy_bitcoin_list/ 74: https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit#gid=0 75: *r*llo.c*m**/BW**u*yb/the-awes*me-bit**in-hand*ook 76: https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view 77: https://www.reddit.com/Bitcoin/comments/75mia6/pleasant_surprise/do7gyiw/ 78: www.*ashpr*f.c*m*b*t*o*n-c*m**ete*ultimate-gui*e/ 79: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ 80: https://imgur.com/a/3UA7s#uX6xPGM 81: https://i.redd.it/tklsw2fouqlz.jpg 82: https://www.quora.com/How-do-Bitcoins-have-value/answeDavid-Strayhorn
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11-18 17:03 - 'Here are some info, advice and sources (at the bottom) for newbies to get you started (what to buy? stick to Bitcoin): / [quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote] [q...' by /u/readish removed from /r/Bitcoin within 0-9min

'''
Here are some info, advice and sources (at the bottom) for newbies to get you started (what to buy? stick to Bitcoin):
When you come asking if or when is a good time to buy, the answer is: Buy now, always [Hodl]1 in [FUD times]2 (Bitcoin has ["died"]3 many times, but [Moneybadger]4 don't care, [buy the dips]5 and never panic-sell, stuff like: ["China ban Bitcoin...again!"]6 will [keep happening]7 again and [again]8 .
Here's Bitcoin's [response]9 to Jamie Dimon. Stick to the [real Bitcoin]10 through all the ['forks' and 'splits']11 that accomplish nothing but new mediocre, unsafe and centralized altcoins, [strengthen/immunize]12 Bitcoin and give you free altcoins to buy more Bitcoin.
All [Central Powers look silly]13 trying to [control or ban]14 it. Learn from [history]15 and listen to this [absolute Boss]16 . There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million]17 . BTC is the [best money]18 .
Also relax, you are actually an [early adopter]19 if you start investing today, [mentally prepare]20 yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective']21 ) and remember all this:
Follow this basic rules of Bitcoin:
  • Never try to time the market. [Dollar cost average]22 by buying what you can afford to lose every week.
  • Once Bitcoin in wallet-[HODL!]23 (never panic-sell), if the price goes down, buy the dips.
  • Never, ever, [short Bitcoin]24 .
It is always a good time to buy Bitcoin if you are [hodling long term]25 and not just for [day trading]26 , so this is a great [strategy]27 . Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections]28 (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "[The bitcoin bubble is about to pop]29 " since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is [exponential]30 , not linear.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] ([link]67 ). Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"]31 . Patience [pays]32 , don't listen to the ["Expert Analysts on MSM"]33 .
Bitcoin is a [Moneybadger]34 that get's stronger and immunized with [every new attack]35 and this [broad picture of its price since infancy]36 (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential]37 (bigger "bubbles" every time), this old [logarithmic scale]38 has been accurate so far.
Learn the difference between [Inflation (dollar) and Deflation (Bitcoin)]39 and just take a look at the fiat >20 trillion (and growing fast) [debt clock]40 to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: ["2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”]41 . Bitcoin, the [Moneybadger]42 , is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry]43 . Check out these Bitcoin [Economy]44 and Bitcoin [Transaction]45 infographics.
Also, remember its [fixed, limited supply of 21 million coins ever,]46 there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]47 . So, remember [this]48 and [don't wait for the Bitcoin "bubble" to burst]49 or for the price to drop significantly again, because you could be waiting forever:
**[“The best time to buy bitcoin was in 2009...”]50 *.*
Don't be -- [this guy]51
Here is a good start:
["Introduction to Bitcoin" - Andreas Antonopoulos]52
Playlists on [Andreas own YT channel]53
Check out this great articles:
["What Gave Bitcoin Its Value?"]54
["How do Bitcoins have value?"] ([link]68 )
["Yes, Cryptocurrencies are Valuable"]55
Bitcoin [ELI5]56
Bitcoin [Guide]57
Bitcoin [Resources]58
Bitcoin [ Infographic]59 .
How to [buy Bitcoin?]60
Where to [buy Bitcoin list]61
Bitcoin ['Awesome Handbook']62
Excellent ['Crypto 101']63 by stos313
Where [to use Bitcoin list]64 by Bitcoin-Yoda
Starter Guide ["Bitcoin Complete And Ultimate Guide"]65 .
Who accepts Bitcoin? [List of Companies, Stores, Shops]66 .
Edit: Formatting
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: readish
1: https://i.redd.it/fvh3ibzxz8kz.jpg
2: https://99bitcoins.com/bitcoinobituaries/ 3: https://i.redd.it/hfahmbnhm8mz.gif 4: https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif 5: https://i.redd.it/rzshmoa2iokz.png 6: https://www.youtube.com/watch?v=Ry6PpRXk0dQ 7: https://i.redd.it/hhemw5893ilz.png 8: a***ts.bwbx.io*images**sers/**j*HB*dfxIU/iayW*Rdea**w/v1*800x-*.**g 9: https://cdn-e2.streamable.com/video/mp4/krkvu.mp4?token=1505391795_b2860bb3f73fe8852b803dfd7260ae43a3f8a5fd 10: https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig 11: https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f 12: https://imgur.com/S5sbb1l 13: https://i.redd.it/1ui0rr23hplz.jpg 14: https://99bitcoins.com/wp-content/uploads/2014/05/Banning-Bitcoin.jpg 15: https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large 16: https://www.youtube.com/watch?v=kPYUNN7QkPY 17: https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html 18: https://gyazo.com/2215921efdb65878961c15a5b5107fc4 19: https://gyazo.com/17686a64065799190aeda3aa7e42f59e 20: https://imgur.com/KuflBtk 21: https://gyazo.com/55239b2aefbac8fb150fde557aaf4085 22: http://www.investopedia.com/terms/d/dollarcostaveraging.asp 23: https://i.redd.it/fvh3ibzxz8kz.jpg 24: https://imgur.com/j7MZuMZ 25: https://i.redd.it/pc1exi5dd0ez.jpg 26: https://i.redd.it/vis4nvsd3flz.jpg 27: https://imgur.com/PJDf2tp 28: https://i.redd.it/kfgi0cdkt36z.png 29: https://i.redd.it/ooxw816ai6yz.jpg 30: https://en.wikipedia.org/wiki/Exponential_growth 31: *w*.tec**o*ogyreview.com/s*6*79*7*th**cryptoc*rren*y-market-is-g**w*n*-exp*n*n*iall*/ 32: https://i.redd.it/d5dgq77xdolz.jpg 33: https://i.redd.it/tklsw2fouqlz.jpg 34: https://i.redd.it/1d6avnrdt0ez.jpg 35: https://i.redd.it/gumb0i0lyctz.jpg 36: https://i.redd.it/r8q26ebtaxiz.png 37: https://i.redd.it/wtmigx7ny6tz.png 38: https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a 39: https://imgur.com/uA5r9U6 40: w*w.u*debt*lock**rg/ 41:
https://www.forbes.com/sites/panosmourdoukoutas/2017/07/01/bitcoin-beats-stocks-bonds-and-gold-again/#73a567dd5c4d 42: https://imgur.com/a/6XHUD#C3Pe5MD 43: https://imgur.com/drBgEe4 44: https://i.redd.it/jbqzuvawt1tz.jpg 45: i.po*ygos.com/ae2*001a98*42**e9b*862*d*6**2d*b.j*g 46: https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg 47: http://www.bitcoinblockhalf.com/ 48: https://i.redd.it/j327zs6kyg9z.png 49: https://i.redd.it/xsvh37tatvrz.jpg 50: https://i.imgflip.com/1zj9lm.jpg 51: https://imgflip.com/i/1hlmpp 52: https://www.youtube.com/watch?v=qkxdys-Ek9U 53: https://www.youtube.com/useaantonop/playlists 54:
https://fee.org/articles/what-gave-bitcoin-its-value/ 55: *acke*noon.co***es-cry*to*u***ncies-are-va**abl*-a*b9*e58ca54 56: ***.*li5bitcoi*.com/ 57: w*w.t*opyc.*o*cryp*o-10*/ 58: lopp.n*t/*it**in.ht*l 59: bitc*inplay.n**/w**c*nt*nt*upl*a*s/2*17/08/*i*co*n-*act-01-*.png 60: https://bitcoin.org/en/buy 61: https://www.reddit.com/Bitcoin/comments/6ymwtm/where_to_buy_bitcoin_list/ 62: t*e**o.**m/b/*WO*umyb/the-awes*me-b*tcoin-h**dboo* 63: https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view 64: https://www.reddit.com/Bitcoin/comments/75mia6/pleasant_surprise/do7gyiw/ 65: w*w*cashprof.com**itcoin-*om*le**-ultimate*g**de* 66: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ 67: https://imgur.com/a/3UA7s#uX6xPGM 68: https://www.quora.com/How-do-Bitcoins-have-value/answeDavid-Strayhorn
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submitted by removalbot to removalbot [link] [comments]

11-18 18:13 - 'It's never too late for the Bitcoin party: / [quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote] [quote] / [quote] / [quote] [quote][quote][quote][quote][quote][quote][quote][...' by /u/readish removed from /r/Bitcoin within 0-8min

'''
It's never too late for the Bitcoin party:
When you come asking if or when is a good time to buy, the answer is: Buy now, always [Hodl]1 in [FUD times]2 (Bitcoin has ["died"]3 many times, but [Moneybadger]4 don't care, [buy the dips]5 and never panic-sell, stuff like: ["China ban Bitcoin...again!"]6 will [keep happening]7 again and [again]8 .
Here's Bitcoin's [response]9 to Jamie Dimon. Stick to the [real Bitcoin]10 through all the ['forks' and 'splits']11 that accomplish nothing but new mediocre, unsafe and centralized altcoins, [strengthen/immunize]12 Bitcoin and give you free altcoins to buy more Bitcoin.
All [Central Powers look silly]13 trying to [control or ban]14 it. Learn from [history]15 and listen to this [absolute Boss]16 . There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million]17 . BTC is the [best money]18 .
Also relax, you are actually an [early adopter]19 if you start investing today, [mentally prepare]20 yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective']21 ) and remember all this:
Follow this basic rules of Bitcoin:
  • Never try to time the market. [Dollar cost average]22 by buying what you can afford to lose every week.
  • Once Bitcoin in wallet-[HODL!]23 (never panic-sell), if the price goes down, buy the dips.
  • Never, ever, [short Bitcoin]24 .
It is always a good time to buy Bitcoin if you are [hodling long term]25 and not just for [day trading]26 , so this is a great [strategy]27 . Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections]28 (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "[The bitcoin bubble is about to pop]29 " since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is [exponential]30 , not linear.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] ([link]69 ). Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"]31 . Patience [pays]32 , don't listen to the ["Expert Analysts on MSM"]33 .
Bitcoin is a [Moneybadger]34 that get's stronger and immunized with [every new attack]35 and this [broad picture of its price since infancy]36 (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential]37 (bigger "bubbles" every time), this old [logarithmic scale]38 has been accurate so far.
Learn the difference between [Inflation (dollar) and Deflation (Bitcoin)]39 and just take a look at the fiat >20 trillion (and growing fast) [debt clock]40 to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: ["2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”]41 . Bitcoin, the [Moneybadger]42 , is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry]43 . Check out these Bitcoin [Economy]44 and Bitcoin [Transaction]45 infographics.
Also, remember its [fixed, limited supply of 21 million coins ever,]46 there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]47 . So, remember [this]48 and [don't wait for the Bitcoin "bubble" to burst]49 or for the price to drop significantly again, because you could be waiting forever:
**[“The best time to buy bitcoin was in 2009...”]50 *.*
Don't be -- [this guy]51
Here is a good start:
["Introduction to Bitcoin" - Andreas Antonopoulos]52
Playlists on [Andreas own YT channel]53
Check out this great articles:
["What Gave Bitcoin Its Value?"]54
["How do Bitcoins have value?"] ([link]70 )
["Yes, Cryptocurrencies are Valuable"]55
Bitcoin [ELI5]56
Bitcoin [Guide]57
Bitcoin [Resources]58
How to [buy Bitcoin]59
Bitcoin [ Infographic]60
Bitcoin [Reading List]61
Where to [buy Bitcoin list]62
Bitcoin [Academic Research]63
Bitcoin ['Awesome Handbook']64
Excellent ['Crypto 101']65 by stos313
Where [to use Bitcoin list]66 by Bitcoin-Yoda
Starter Guide ["Bitcoin Complete And Ultimate Guide"]67 .
Who accepts Bitcoin? [List of Companies, Stores, Shops]68 .
Edit: Formatting
'''
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Author: readish
1: https://i.redd.it/fvh3ibzxz8kz.jpg
2: https://99bitcoins.com/bitcoinobituaries/ 3: https://i.redd.it/hfahmbnhm8mz.gif 4: https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif 5: https://i.redd.it/rzshmoa2iokz.png 6: https://www.youtube.com/watch?v=Ry6PpRXk0dQ 7: https://i.redd.it/hhemw5893ilz.png 8: asse*s.b*bx.io/ima*e**use*s/iq*W*B**f*IU*iayWDRdea2ew/v1***0x-*.p*g 9: https://cdn-e2.streamable.com/video/mp4/krkvu.mp4?token=1505391795_b2860bb3f73fe8852b803dfd7260ae43a3f8a5fd 10: https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig 11: https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f 12: https://imgur.com/S5sbb1l 13: https://i.redd.it/1ui0rr23hplz.jpg 14: https://gyazo.com/a8102e7524bc7132764042546644af3c 15: https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large 16: https://www.youtube.com/watch?v=kPYUNN7QkPY 17: https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html 18: https://gyazo.com/2215921efdb65878961c15a5b5107fc4 19: https://gyazo.com/17686a64065799190aeda3aa7e42f59e 20: https://imgur.com/KuflBtk 21: https://gyazo.com/55239b2aefbac8fb150fde557aaf4085 22: http://www.investopedia.com/terms/d/dollarcostaveraging.asp 23: https://i.redd.it/fvh3ibzxz8kz.jpg 24: https://imgur.com/j7MZuMZ 25: https://i.redd.it/pc1exi5dd0ez.jpg 26: https://i.redd.it/vis4nvsd3flz.jpg 27: https://imgur.com/PJDf2tp 28: https://i.redd.it/kfgi0cdkt36z.png 29: https://i.redd.it/ooxw816ai6yz.jpg 30: https://en.wikipedia.org/wiki/Exponential_growth 31: www.*ech*ol**yre**ew.com/s*607947/t*e-c*y*toc*rr*ncy-m**ket-i*-**owi*g-expo*enti*ll*/ 32: https://i.redd.it/d5dgq77xdolz.jpg 33: https://i.redd.it/tklsw2fouqlz.jpg 34: https://i.redd.it/1d6avnrdt0ez.jpg 35: https://i.redd.it/gumb0i0lyctz.jpg 36: https://i.redd.it/r8q26ebtaxiz.png 37: https://i.redd.it/wtmigx7ny6tz.png 38: https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a 39: https://imgur.com/uA5r9U6 40: w**.u**ebtclock.*rg/ 41:
https://www.forbes.com/sites/panosmourdoukoutas/2017/07/01/bitcoin-beats-stocks-bonds-and-gold-again/#73a567dd5c4d 42: https://imgur.com/a/6XHUD#C3Pe5MD 43: https://imgur.com/drBgEe4 44: https://i.redd.it/jbqzuvawt1tz.jpg 45: i.p*lygos*co*/ae21***a*8**26*e9b786*5db*722dab.jpg 46: https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg 47: http://www.bitcoinblockhalf.com/ 48: https://i.redd.it/j327zs6kyg9z.png 49: https://i.redd.it/xsvh37tatvrz.jpg 50: https://i.imgflip.com/1zj9lm.jpg 51: https://imgflip.com/i/1hlmpp 52: https://www.youtube.com/watch?v=qkxdys-Ek9U 53: https://www.youtube.com/useaantonop/playlists 54:
https://fee.org/articles/what-gave-bitcoin-its-value/ 55: hack*r*oon.*om/yes*cryptocur*e**i**-a*e-valu**le-aab9c*5*ca*4 56: *ww*eli*bitcoi*.co*/ 57: w*w.*r*py*.co/cryp*o*101/ 58: l*pp.net/bit*oin*ht** 59: https://bitcoin.org/en/buy 60: *itcoinpla*.net/w*-c*nte*t/u**o***/20*7/***bitc*in-fact*01-1.png 61: belie*ein*i*coin**om**i*coin*reading-lis*-*017* 62: https://www.reddit.com/Bitcoin/comments/6ymwtm/where_to_buy_bitcoin_list/ 63: https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit#gid=0 64: trel**.****b/BWOEumyb/t*e-a*esome-b*t*oin*handbo*k 65: https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view 66: https://www.reddit.com/Bitcoin/comments/75mia6/pleasant_surprise/do7gyiw/ 67: *ww.cash**of.*om**i*coin-com**ete-ultim*te-gu*d*/ 68: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ 69: https://imgur.com/a/3UA7s#uX6xPGM 70: https://www.quora.com/How-do-Bitcoins-have-value/answeDavid-Strayhorn
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Bitcoin Trade Explanation - Shorting Now, Expecting a Short Term Correction, Review Oscillator Model Shorting Bitcoin EXPLAINED! Making 200% Shorting Bitcoin in 2 Hours  Crypto Trading BITCOIN IS STRONG IN THE FACE OF A HUGE STOCK MARKET DUMP Can we stay strong? BTC price analysis How to Bet Against a Stock in the Stock Market - Shorting Stocks Explained

A comprehensive review of eToro: a trading and invetsment platform that gives users access to many different global assets and markets, such as Bitcoin, Forex, Stocks and Commodities. ELI5 Shorting: Someone loans you 1 BTC when the price is $6,000. You owe it back to them at XX/XX Date. You sell it immediately for $6,000. When the price falls to $4,000, you buy 1 BTC, give it back to them, and pocket the extra $2k. You borrow a stock, commodity or asset, sell it, and agree to give it back at a later date, making money if the price goes down. In this case however - the price went way up, and the Bitcoin exchange wanted their Bitcoins back (a 'call'), forcing the guy to buy a ton at market rate and give them back to the exchange at a giant $10 million loss. ELI5: S2F and BTC price stay together. He posted a Bitcoin stock-to-flow price model reposting the long-term stock-to-flow trajectory. Notably, Bitcoin is above and below the model value each year. Joseph Young. On February 24, the analyst and crypto journalist said that the breakeven cost of Bitcoin mining after halving would be $13,000. The primary risk of shorting a stock is that it will actually increase in value, resulting in a loss. The potential price appreciation of a stock is theoretically unlimited and, therefore, there is no limit to the potential loss of a short position. In addition, shorting involves margin. This can lead to the possibility that a short seller will

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Bitcoin Trade Explanation - Shorting Now, Expecting a Short Term Correction, Review Oscillator Model

Shorting Stocks Explained is about how to bet against stocks in the stock market. If you would like to get started in the stock market, here is our WeBull link for your 2 Free Stocks sign-up bonus ... Disclaimer: None of the information shared on my Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Verge (XVG), Tron (TRX), Binance Coin (BNB) videos - or any other cryptocurrency videos ... Bitcoin & Day Trading Coach: Shorting Specialist -- Jonathan Fibonojji ~ Learn how to Short Stocks or Day Trade for a living ~ [email protected] Daily Bitcoin updates for the DMT, Dominator and 'Range & Stop' indicators. I do 4 daily trading updates, so check them out! Check out my Patreon if you would like to support my channel or get ... In this video, I teach you how to short sell a gapping stock using 15 minute candlesticks. It's one of my favorite day trading strategies. ... Bitcoin Going To $288,000 (Not A Joke) - Duration: 16 ...

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