Making the Transition back to the college atmosphere can be a difficult one; especially if you are involved in the cryptosphere. This transition can be made even harder if your portfolio is not prepared for this transition as well. Habits and actions are what separate professionals from amateurs. We, as humans, are creatures of habit and we carry this weight with us everywhere.

What if I told you that by just reprogramming the software in your brain that you could trade these habits of an amateur in for the practice of a professional? This trick does not involve charts, trading, or school; this trick deals with you. By practicing these five steps I can ensure you that your new habits will change your life for good.

Mindset can be the biggest barrier to achieving what we want.

 

Have Compassion for yourself

Our generation is among one of the hardest working but yet we lack a defining trait of the professional. Self Compassion.  Look around, it is apparent that we are lacking self trust and have holes in our armor of confidence. Rebuilding our armor of confidence can be as easy as one change but it requires dedication and for us to start with our self-compassion. When you have self-compassion, you will understand that your worth is unconditional.

To start building your self compassion you need to address the  “suffering” in a certain aspect in your life. You need to prepare a strategy; you cannot run in to this battle blindly like Napoleon Bonaparte’s battle at Waterloo. Even the best can fall due to the lack of a plan.  Always Keep records to look back on to see your progress if you ever second guess yourself.

  1. Start by finding the source of the problem; “I keep seeing losses in my trading” or “I want to improve my grades this semester”.
  2. Have multiple plans of attack and execute the best one. “I will trade less and have better charts” or “I will study more and be ahead in each on of my classes”.
  3. Record what you have accomplished in a record log. “Record your trades in a trade log” or “keep a checklist of homework completed, tests, and grades to look back on”.

 

Do not live, but learn from the past

It is never healthy to dwell on past events because it prohibits you from succeeding in the future. If one was to dwell over a trade loss or a bad grade all of the time, they would never see a profitable trade or a good grade. They live in the past and they stay there; as time opens new opportunities they are turned down by the individual living in the past. Only until that individual learns from the past will he be able to live in the now and see what other opportunities await.

One must also be grounded in the now. If an individual is too far outside the boundaries of what is capable, they will never reach their great future, It will always seem like it is so close but yet so far away. It is only when one lives in the now that they can build the bridge connecting them to their future.

In order to become a better trader or a better student you must learn from the past, live in the now, and see the future ahead. Do not dread over a bad trade, the markets are flowing 24/7 and there will always be another opportunity to make money. It will take some time to recover but it will not be the end of the world. Do not panic over a bad grade, there will alway be room for improvement in school. Talk to your teacher, find out what mistakes you made and how you can prepare better for the next test, study your mistakes and learn for them, go back more prepare for the next test.

If you want to build up your confidence armor, you will need to learn how to not let the past burn holes in your armor. Once you are able to achieve this, only then will you start to see an improvement in your armor and mindset.

 

Do not live by the opinion of others

Who gave you these labels? Who wrote your story for you? No one because the tribe doesn’t care. The social construct that makes up our tribe doesn’t give a shit about you. When it comes down to it, they are too busy wrapped up in their own little world to dedicate time and attention to you.  Do not let the opinion of others influence your decision; You got in this for a reason, do not leave without a reason. This goes for anything in life that you are passionate about. You will be met with challenges in life including people calling you crazy for not working a 9-5, following your dream, or even doing what you love. Never listen to these people, just nod and keep on working because what differentiates them between you and me is that it take a little crazy to be incredibly good at something. In the case of crypto do not FOMO in to buys and blindly follow others only to get rekt, and these “signal” providers? Where do you think they get their signals from? Keep your vision focused and do not live by the labels of others. You create your own destiny, no one else should.

 

Start to become the professional you always have been

Since most of us are professionals in training, it helps to get in to the mindset to become one. As a student and a participant in the cryptosphere you are already one step ahead of the “social herd”. As  blooming professionals, individuals in the herd will often look to you for advice and this is where you can thrive.

Think back to all of the times you have reached out for help and have succeeded with such help. The professionals that gave you this help are masters of this skill. They know that teaching someone rather than giving them the answer will give you the opportunity to learn just as they did. Notice how they gave you clue’s and hints to find the best possible solution without giving you the answer.

As a student and a crypto advocate, I urge you to practice helping others in a professional way. Practice not giving away all of your information, practice teaching someone, and practice opening the opportunity to learn. Learning to help others means that one must learn to defer gratification as well.

Deferring gratification describes the process that the one undergoes when the individual resists the temptation of an immediate reward in preference for a later reward. This may seem like such a simple task but with the amount of information out there it makes it nearly impossible. For example, imagine having done all your research & TA and found the  “perfect” entry for a position, your position starts to lose money and seems like it will be stopped out. But right before it hits the stop, it moons… straight up. If you were to have acted too soon you would have pulled out and missed a great opportunity.

Deferred gratification is a key part of controlling your emotions and making logical decisions. However, it usually fails if there is no strategy to solidify your plan. School is another great example of deferred gratification. Think about all of the studying that you have done in school. What has it been done for? You study but there is no instant reward for it. The gratification comes when you take your test and get the desired A. Or better yet, all the tests and studying means that you graduate in the top of your class.

 

Balance, Balance, Balance

You need balance in order to perform at your maximum potential. Think of balance as yin and yang. There is always some evil in good and some good in evil; essentially saying that there will always be a balance between good and evil.

There must be a balance between your school life and your crypto life in order to achieve the best possible results from both side. Balance is the core fundamental of your professional body. Think about it; If you can’t stick to a plan and follow your own rules, if you get impatient and change your strategy every time you lose in a trade, or if you can’t deal with losing money, because trading is about winning and losing too (but being profitable in the end) most likely you will fail too. If you can’t stick to your school schedule and follow your routine, if you get angry and upset every time you get a bad grade, or if you can’t deal with sacrificing time for your studies, then you will most likely fail too.

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

Welcome to the GNEISS Revolution

 

Use GNEISS /nīs/ as your ultimate security companion in any free market transaction. Create, transfer, mint, burn, exchange, tax, or pay dividends to any crypto-asset or smart contract on Gneiss decentralized blockchain-powered trading platform.

With the launch of their website I am excited to share this with the cryptosphere start trading on their innovative exchange platform. But with anything in life, it always helps to know what you are doing before diving straight in; example A being IKEA…need I say more.

 

 

The home screen allows for you to be able to find out about GNEISS and who they are. The new video is titled “Welcome to GNEISS” it gives a welcoming overview of their mission.

Scrolling down the page, you will see the newsletter sign up – be sure to sign up to catch the latest news on GNEISS.

At the bottom of the page you will find forums.

GNEISS will be upgrading their system throughout this year to incorporate a a trading system where you can essentially trade anything with anything!

The landing page and the home navigation tab lead to two different places. By clicking on the GNEISS Shield you will be redirected to the landing page about and by clicking on the “HOME” tab, you will be directed to the page below.

 

Navigation:

Scroll over to the blue across the top of your screen. This is where you can find you E-Vault Address as well as the accounts total value. [BTC & ETH]

 

Your E-Vault Address is your general ERC-20 token wallet. This will hold any crypto asset that you have purchased and or transferred to your vault using your E-Vault Address.

 

Your E-Vault username is located below your E-Vault Address. Move your cursor to the right side of the page.

  • Clicking on the different boxes will change the viewing format of your E-Vault.
  • Clicking on the question mark will give an in-depth on screen tutorial of the E-Vault.

 

 

 

At the bottom of your E-Vault you will notice the “Plus Button” [+]. This is where you create your own asset backed token (services current not available to US citizens; until further notice more info will become available)

 

 

 

The marketplace offers a unique trading opportunity for many. It allows you to trade over 400 crypto assets throughout 4 different trading mediums; [Bitcoin, Ethereum, USDT, & GNEISS]

This give the user endless possibilities when looking for the next GEM. Bitcoin is the default setting when accessing the market place. To change this click on the blue drop down box titled BTC. A drop down menu will appear offering you our other trading pairs. When you click on the token of your choosing you will be brought to the “Crypto Asset Trading” menu for that token.

At the top right of the menu you will see a gear symbol for the settings page.

This will open up a menu and will allow you to remove the token from your evault.

By clicking on Import, you transfer that token to your E-Vault

You will see the Name of the token, its ticker (), picture, and a short description of the token.

Under the current price metrics on the right, you will see a send button. This is where you send the token of your choosing to another “E-VAULT ADDRESS”[ERC20 Compatible Wallet]

Trading menus

They currently have blocked access to US users for the time being to comply with SEC rulings and regulations. If you want to learn more about obstacles GNEISS is overcoming you can read about the SEC’s feelings on ICO’s and Online Platforms for Trading Digital Assets.

On the left you have your buy order menu consisting of only limit orders at the moment but this will change in the future. In the middle of the screen you have the current price in your trading medium for that coin and on the right you have your sell order menu consisting of only limit orders at this point.

Clicking “Back to Main Menu” will bring you back to your E-Vault.

On the marketplace you may customize the basics of the search. You can filter by ranking, name, market cap, price, volume, total supply, and 24hr % change; as well as searching by the search bar.

 

 

Clicking on the wallets tab at the top of the page you will be directed to a page with 2 giant QR codes on them. These are your two main wallet addresses. KEEP THESE SECURE. This bitcoin address is only to receive or send bitcoin, and your Ethereum / E-Vault address is where you can directly send your ETH or and other ERC-20 Compatible token.

[ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens]

Your E-Vault Address is on this page twice, once at the top and the next under the Ethereum (E-Vault) QR Code. Your bitcoin address is located underneath the QR code for bitcoin.

Below the QR codes is your station to send and conduct business.

Here you will enter the recipients BTC/ETH address, and the amount that you are willing to send.

PLEASE NOTE THIS IS ONLY FOR SENDING BTC/ETH, NOT ANY OTHER CRYPTOASSET. TO SEND OTHER CRYPTO ASSETS LOOK FOR THE SEND BUTTON UNDER THEIR INDIVIDUAL TRADING MENU

You can find a recollection of your transaction history below your wallet.

GNEISS has some big update coming this month, click here to sign up now to be sure to catch them!

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

The Invisible Hand and Cartels

Adam Smith originally developed the theory of the invisible hand in which he  described the unintended social benefits of an individual’s self-interested action. He is also notably famous for his book “The Wealth of Nations”, which was an inquiry into the nature and causes of the wealth of nations. However, an important feature of his time was the legalization, and  protection of cartels! Adam Smith’s complaint about ‘trades’ was precisely about their legal status. He wrote “Every individual necessarily labors to render the annual revenue of the society as great as he can … He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention … By pursuing his own interests, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.” Cartels became illegal in 1970 but businesses already realized that private markets were more productive and profitable than government run economies and thus started to impersonate the invisible hand but operate more like cartels. We know these impersonators now as “Market Makers” or “Whales”, while knowing next to nothing about who they are. Governments know of this trick too and even try to incorporate the invisible hand in to regulations. Former Fed Chairman Ben Bernanke explained that “The market-based approach is regulation by the invisible hand” which “aims to align the incentives of market participants with the objectives of the regulator.” Like Adam Smith says, “He intends only his own gain, and he is in this, as in many other cases, led by and invisible hand to promote an end which was not part of his intention”. You know, this sounds familiar to me…should I say…the double slit experiment? Allow me to explain without going too much into detail; Scientists discovered the sheer presence of the observer trying to measure and observe the experiment changed the outcome of what initially happened. (Here is a great video explaining the Double Slit Experiment ) But if one cannot measure nor observe the invisible hand, how do you know it’s there? Simple. We wait, pay attention, and observe what they leave behind because if we try to observe them they will simply fail to emerge.

Cartel

WHAT IT IS:

A cartel is a group of companies, countries or other entities that agree to work to influence market prices by controlling the production and sale of a particular product. I like to shake things up so I included this conspiracy video of “Illumicorp” (which by the way does not show up with a red spelling error on google) because it does a good job explaining how the invisible hand works for business involved in shady practices and the manipulation of goods. This video is 100% fake in my opinion, but if you look past the BS, it can give you knowledge on how easily business and communicate and conspire in secrecy from the public.  If businesses are conspiring and starting cartels, what would the main goal be? A cartel’s main goal is to control price; Let’s think of some current cartels There have been numerous cartels forged and fallen in the past decade let alone century. It’s necessary to understand this and get a good grasp that cartels do still exist and they are very much a part of current economics. This practice is essentially how you win the game of “Monopoly” you quite literally become a monopoly; which closely resembles a cartel.(Firms that may act as though there is a real cartel and undertake cartel-like’ behavior, even though there is no formed cartel, which may be subject to investigation by the regulators.)  With cartels being illegal since 1970, you would have to be out of your mind to form a cartel. This list above barely scratches the surface of how many cartels have been caught and or are still out there. But catching a cartel is nearly impossible because they do not exist until you catch them. It’s comparable to trying to observe the doubling of particles in the double slit experiment; you simply can’t observe it until it has left evidence to observe. Otherwise, they will change their outcome if directly observed. Knowing this we can catch a cartel by looking at the “interference” pattern they leave in their wake.

Cartel Economics

Aside from its definition a cartel has another defining characteristics to it. A cartel is a collection of otherwise independent businesses or countries that act together as if they were a single producer and those are able to fix prices for the goods they produce. It is also important to know that while cartels do exist they do not exist in every single market, they exist in easily manipulated markets like commodity and futures trading, with some of the most well know favorites of these cartels being Gold, Silver, Oil, Uranium, and now Bitcoin. The Plunge Protection Team (PPT) is a colloquial name giving to the working group on financial markets.  The team was created to artificially inflate the price rather than suppress it by using the printed money to keep the stock and bonds market up giving the illusion of prosperity. Super Crypto does a great job providing proof and past evidence to reference cartels suppression in the gold, silver, and uranium markets. Check it out here!

Banks and Cartels “A Love Story”

The banks that are supposedly being accused of cartel like behavior have a history of romance with cartels. HSBC, CME, and UBS are three banks that know very well the inner working of cartels and how to get away with it. Let’s look at their history.

HSBC

HSBC, “The Cartels Bank”, was recently exposed on a Netflix series named “Dirty Money” after they reexamined HSBC’s $881 Million dollar money laundering scandal involving the Sinola Cartel. A famous quote about war states the following “Unless you plan on ending your enemy on the spot always leave an escape route for them.”  and this is exactly what the regulators did. Europe’s largest bank, HSBC paid 1.9 billion in fine to avoid prosecution for harboring 881 million in proceeds from illegal drugs. This went pretty under the radar until Netflix’s “Dirty Money” brought the issues back to life and has since seen a 100% rating on Rotten Tomatoes. According to the director of the episode, the 1.9 Billion fine was only about 5 weeks of their total yearly profit. The ties between HSBC and the Sinaloa Cartel are blatantly obvious but this mainly wasn’t about their laundering crimes, it was about their audacity to commit and recommit those crimes. MarketWatch recently revealed that banks have been fined a total of $243 billion since the financial crisis with HSBC paying out $4.5 billion.

CME

The CME is running a cartel to suppress the price of gold by clearing OTC Forward contract. The London Precious Metals Clearing Limited exists for the safekeeping of gold and silver in high security vaults. What the LPMCL does is they clear old forward contracts and allocate them to an unallocated account. “Unallocated accounts do not entail specific bars being set aside and the customer has a general entitlement to fungible metal. Unallocated accounts are the most convenient and commonly used method of holding gold and silver.” What the LPMCL means by this is that there doesn’t have to be physical gold in these unallocated accounts nor does there have to be a verification of the gold in the unallocated accounts as well. This goes against industry standard that was set in the safekeeping and storage of gold. A well known hedge fund, Greenlight,  switched their entire gold exchange traded fund position into physical gold after extensive investigation. They moved in to a professional storage facility. If you are to go to a well known gold storage facility, Gold Money, and take a look at section 8E of their user agreement it says “At any time request GoldMoney to change the goldgrams in to grams of gold or ounces of silver that are available for physical delivery to the user. They say physical because physicality is an industry standard. The LPMCL, which is owned and managed by HSBC, ICBC Standard Bank, JPMorgan, Scotiabank and UBS are clearing these spot and forward transactions for CME. They are doing this under COMEX rules where you can deliver ETF shares which don’t even have to be physical gold. Its essentially just a bunch of paper gold in a vault that is being used to associate physical gold in demand. Let’s look back at the characteristics of a cartel too, “A cartel is a collection of otherwise independent businesses or countries that act together as if they were a single producer and those are able to fix prices for the goods they produce” Five independent businesses/banks that are acting together under LPMCL as if they were a single produce and are able to fix prices for the goods they produce the clearing them through CME. When I put it that way it seems pretty suspicious huh? Looking to the FEDs to stop this is pretty useless as well, get this; The SEC’s 10k states “That in addition the trustee has no rights to visit the premises of an sub custodian for the purpose of examining the Trust’s gold or any records maintained by the subcustodan and no subcustodain is obligated to cooperate in any  review.” What they mean is you do not have the right to audit these accounts to see if there is even physical gold in the account. Which would you rather have? One Ounce of Gold or one COMEX Receipt for 1 oz of gold. With the receipt you now have counterparty risk as well as credit risk because what if they are running a giant scam/cartel and they get caught? Well the paper becomes essentially useless and the people with the physical gold that maintain their purchasing power. In the current gold price suppression scheme it is getting harder to deliver the physical gold bullion that people are requesting in exchange for their receipts. With the change in rules, the OTC forwards are now being cleared through the CME and this is the next stage of the gold price depression scheme. It will eventually become a lot harder to get physical bullion. This is  why we are seeing with the price of gold and silver drop as we speak. They suppress the price so they do not lose control of it. Itt’s a lot less attractive to hold gold at $1,200 and silver at $15 and ounce than it is to hold gold at $120,000 an ounce and silver at $15,000 an ounce. By suppressing the price, they can control it to ensure that the commodity of whatever they are controlling doesn’t become too desirable and leave their grasps. Worst of all if they suppress gold enough and crash the market, they will be the ones profiting off of paper gold and the ones left holding the bags will be the people holding physical gold. When people see a big loss and sell their gold, it gets bought by the same people who initially caused crash; only then being used to back their paper investment making it look like they’ve had it all along.

UBS

UBS Investment Bank along with many of the world’s largest banks have been fined multiple times for manipulating foreign exchange markets from December ‘07 to January ‘13. US levied 5.3 billion in forex fines in 2015. Banks have an interesting way of dancing around these rules by hiring independent trading experts. In July, three former currency traders pleaded not guilty after being accused of being part of a group called “the cartel” and face charges in connection with a sprawling probe into the rigging of forex benchmarks. In January 2018, Jason Katz pleaded guilty to participating in a price fixing conspiracy in the forex markets. It is not unlike banks to have a fall victim to make sure that they are not directly at fault while just have to pay a fine. But more recently eight banks are in talks with the Commission of the EU for their participation in an illegal forex cartel. Apart from UBS, the cartel included Royal Bank of Scotland, JP Morgan Chase, Citigroup, Barclays, HSBC and two other banks. They face fines of several billion euros, according to the U.K.-based newspaper. After the conclusion of the US investigation into its forex trading scandal, the fully compliant UBS bank cooperated and paid $342 million in fines but was forced to plead guilty for its part in the Libor scandal. In 2018, Pensions representing more than 386,000 public workers across the country sued 6 major US banks with claims that for nearly two decades these giants have conspired to inflate prices and stamp out competition in a crucial $1 Trillion market. UBS was listed in a complaint filed in Manhattan federal court which claims these banks make up about 70% of the market. After competition threatened to cut banks in this market by up to 60%, the cartel responded with threats. If the banks are trying to manipulate security lending, it could be a big red flag for pension funds that rely on the income from securities lending to support retirees and other hard working Americans. Here is a recent filing on January 29th, 2018 by the Commodities Future Trading Committee, about the CFTC filing eight anti-spoofing enforcement actions against three banks (Deutsche Bank, HSBC & UBS) & Six Individuals These are just one of many examples of these banks being major player in current cartel cases. A simple google search with “(Banks Name) is a Cartel” will bring up millions of results, it’s frightening to look at. Especially since CME is currently the only place you can actively trade bitcoin futures. If banks are working with cartels in current markets, what is to stop them from collaborating and start to manipulate crypto market? Three words: The Bitcoin ETF

The Cartels Crypto Playgrounds

Bitcoin is now facing the possible threat of suppression by the cartels and there is evidence to back it up. CME opened the doors for its bitcoin futures market on Oct-2018 and since that day the cartel has been hiding among the kids on the playground we call the cryptosphere. CME Futures opened October 2018 and closed on December 17th, 2018. The historic run of bitcoin ended the day CME futures closed. Picture Proof:
https://www.tradingview.com/x/lJ6PlYwm/
1. https://www.tradingview.com/x/lJ6PlYwm/  
https://www.tradingview.com/x/HkE3dVRX/
2. https://www.tradingview.com/x/HkE3dVRX/
The cartel works it magic by manufacturing FUD and scheduling the release just as bitcoin is hitting importing TA support and resistance levels. Here a chart from Super Crypto showing the coincidental timing.
Link
Zero Hedge did a small report back in march on the timing of drops during the crypto crash. In short it states for the three days in a row (March 7-9th, 2018), the close of European trading around 11:30ET each day had a sudden, heavy volume selling pressure across the crypto-space. This would backup claims of coordinated manipulation and manufactured FUD. Do not fool yourself in to believe that FUD is hard to manufacture. On February 7th, China’s central bank’s mailbox was hacked to email a false notice about bitcoins crackdown. These falsified claims were distributed to the US media by the bank claiming that Hong Kong Monetary Authority and PBOC were going to team up and start to become more strict on all aspects and services of bitcoin trading China and Hong Kong. China Email Hack “Read the above article and ask a question to yourself — Who would do such a thing? Only those who have interest in breaking down the Bitcoin price — Right? Would an ordinary IT guy or a hacker do this? NO — because they cannot benefit from doing this FUD. Only influential cartel who can benefit by creating a FUD would do this.”- Super Crypto It makes me think that maybe the reason that the SEC wants to protect the average investor is because they knew what type of untold dangers are out there. With over 59 bitcoin ETF proposals turned down so far, you could make a case that they know the potential danger that an ETF could impose to bitcoin’s future prosperity.

The Bitcoin ETF Manipulation

ICE’s Crypto Exchange Plans Scream Market Manipulation!

It is a slippery slope when dealing with the mainstreaming of Bitcoin and the adoption of cryptocurrencies. Wall Street is notorious for creating so called value out of nothing, and it is likely they are trying to do the same thing with bitcoin. This could very well be the beginning to Wall Street trying to create financial claims to bitcoin out of thin air while not being backed by bitcoin.  Bitcoin has an advantage over gold however and this is its algorithmically enforced scarcity. Leverage is how smart people go broke and Wall Street knows this all too well. They plan to control the crypto market leverage the same way the control gold, by creating more financial claims to coins than there are underlying coins; Thereby influencing the underlying coin price via the derivatives market. They want financialize cryptocurrencies via leverage, the same way leverage has “financialized” other suppressed commodity market. “As cryptocurrency markets develop further, here’s what I’ll be on the lookout for: financial institutions beginning to create claims against cryptocurrencies that are not fully backed by the underlying coins (which could take the form of margin loans, coin lending / rehypothecation, coin-settled futures contracts, or ETFs that don’t 100% track the underlying coins at any given moment). None of these are happening in the market yet, though. So far, regulators have only allowed bitcoin derivatives in cash-settled form among major derivatives counterparties. While cash-settled derivatives can affect the price of the underlying asset, the magnitude of the impact is lower than the impact if derivatives were settled in an underlying that is “hard to borrow” or “special” (using securities lending parlance). Bitcoin is especially “hard to borrow” so a requirement to deliver the underlying bitcoins into derivatives contracts would amplify bitcoin’s price fluctuations. Eventually it’s likely regulators will approve bitcoin-settled derivatives among major derivatives counterparties. At that point, banks will be looking to borrow the underlying bitcoin—and that’s when the custodial arrangements made by institutional investors will start to matter. Will custodians make their custodied coins available for borrowing in “coin lending markets” as they do with securities lending today? Or will they deem the cybersecurity risks of lending coins (which entails revealing private keys) too high relative to the extra return available for coin lending? And will institutional investors even allow coin lending by their custodians? Regardless, when bitcoin-settled derivatives appear on the scene, it’s very likely that cryptocurrencies will be “hard to borrow” for quite some time because HODLers (long-term holders) own most coins and rarely use custodians.” This quote from Caitlin Long’s “ICE Creating New Cryptocurrency market: A Double Edged Sword” does a fantastic job or summing up the most likely outcome for bitcoin if ICE is allowed to go through with their ETF.

One Problem: Bitcoin Is Not Like Gold

However, Bitcoin did not come to the table unprepared. Bitcoin is really hard to borrow and unlike gold there is a limited supply of 21,000,000 BTC. You cannot create nor destroy these BTC and when the last BTC is mined there will be no more being created, thus being regulated by supply and demand. Futures market could continue to have dominance because communities keep giving high praise and putting emphasis to the futures market as a primary reference point for prices and trades. To only add on to this, “the cartel” is able to print as much money and issue as many futures contracts to sell into the market and crash it. The trick here is that the same people giving this high praise to the futures market are the same ones running the cartel and manipulating prices. If we refer to the futures market whereby an entity can issue unlimited amount of futures contract without any real cost and sell back into the market, then of course the market would crash. But we need to realize this: the crypto market is supposed to be blockchain-based, i.e. involving on-chain transactions transparent to all. Futures market is offchain-based and opaque to all. If we do not give significance to such market, everything would be fine, but we don’t like mentioned above. If a DEX is created in which all transactions will be on-chain, then this “cartel” entity would not be able to issue unlimited futures contract to sell.  And if they do decide to sell, disclosure of the sale will be available to all. We need to have a paradigm shift in focus from the priority of the futures exchange (CME) back to centralized and decentralized exchanges to restore order. Andrew Haldane and the governor of the Bank of England are right. We need to break up our banks, limit their capacity to speculate and bring them back to earth. We are being tricked in to investing into gold and silver only for the banks to short the prices and make money from our loss. In an ironic quote in a press release from ICE’s CEO, Jeffrey Sprecher, “In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.” (emphasis added) It baffles me how these are the same people that slandered bitcoin and cryptocurrencies no less than six months ago, but now have had a revelation and a 180 degree change of story in less than 6 months.

Bitcoin Vs Fiat

The idea of trade and market exchange automatically channeling self-interest toward socially desirable ends is a central point behind theory of the invisible hand. In our case, the central disagreement between economic powers (Bitcoin vs FIAT) can be an argument about how powerful the true “invisible hand” is. The thought that self interest could be channeled to socially desired ends could be our answer. Utilizing this tool, we can lessen the grip of the cartels fraudulent “invisible hand” and put an end to the corruption that plagues our current financial system. We cannot let them fabricate and defame the legitimacy and trust of bitcoins and the blockchains. Thankfully we have the long term HODL-ers, will be resistant to giving up their BTC giving meaning to the phrase “Hard to Borrow”. As for liquidity, there can be a good type of financialization which can have a big positive for bitcoin; but its when liquidity arises from leverage that we cannot let be the death of bitcoin. Bitcoin and the blockchain are already transparent and immutable due to their decentralization. We are the guardians of this technology and we need to protect it, we cannot let this fall into the wrong hands or the future of Bitcoin could be at risk.

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

What are mining pools?

A mining pool is a group/pool of miners who share their resources &  processing power over a network and split the rewards of mining equally, based on the hash rates everyone contributes.

How do mining pools work

Members of the mining pool are rewarded a “share” for their valid partial proof of work. Simply put, you are all powering a machine that is dedicated to solve a portion of the SHA-256 puzzle and your reward is based off of how much you contributed to solving the puzzle.

Should I join?

Being a solo miner of $BTC takes a lot of power, energy, and money to  become even remotely profitable. The solution to this problem was for miners to pool resources in order to generate blocks more quickly. The odds of you finding a block on your own are very slim, by joining a mining pool you will be working together and sharing the rewards. A downside to this is that they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.

ProsCons
Solo– Less power outages.
– No fees upon discovering a block.
– Erratic Income.
– Wastes time from only one pull method.
Pools– Generates a steadier income.
– Can generate a 1-2% increase in income.
– Subject to DDOS attacks.
– Generate smaller income from fees.
– Pools might be part of attack  scenarios.
– Concentrated mining power.

Popular Mining Pools?

Here is an up to date Pie Chart of the most popular mining pools.
https://www.blockchain.com/pool

Theoretical Mining Pool Reward

“Now, let’s consider a pooled mining setup. In a fixed-payout mining pool, you get paid for each difficulty-1 share you generate. The probability to generate at least 1 share at difficulty 1, at 1000 khps in 13 days is so close to 1 that my calculator rounds it to 1. So with a pool, you have virtually 100% certainty that you will generate at least one share. You will in fact on average generate about 20 shares per day, or 260 shares in the 13 day period. A pool would pay out approximately 0.000656219899 $BTC per share, so over the 13 day period you can expect to generate about 0.17 $BTC.”   Quote from  Why pooled mining 

Hodling

Current Conditions of $BTC

Hashrate
47,319,702
Difficulty
5,949,437,000,000
Miners Revenue14,016,460
Total Transaction Fees 14 $BTC / $95,442
Cost % of Transaction Volume
3.778%
Cost per Transaction USD
$82

What is Hodling?

Hodl is the result of a drunken typo of the word hold. You can find the original post here.

Hodling is one of the most well known and easiest ways to invest in bitcoin; The good ole buy and hold forever strategy. This has been the preferred way for many to invest and dip their toes into the water of cryptocurrency. But how well does it fare against the more active investing activity of mining $BTC.

Hodling or holding is a proven method that has been tried and tested by many in the past. So I went on a mission for you, the readers, to bring some unique metrics about buying and holding $BTC to the table.

Thankfully I didn’t have to look far and Coin Gecko’s Q2 Report provided the graphics on $BTC. Starting off we can see the “Year on Year” (YoY) return percentage for $BTC at a staggering 153% return! To clarify, this is only buying an holding with no selling or re balancing along the way. Although it was not #1, it is still the second contender to the powerhouse $EOS; and in today’s market it is an impressive feat to still be up over 100% YoY after what the market has been through.

Take note that this chart could be subject to some bias and let me explain why. The YoY Returns chart incorporate the low and the high of the past year, and within the last year there has been incredible volatility with possibly some manipulation.  This chart only puts one time frame in perspective because it assumes that you bought before the December moon. For example, anything before 2017 would have seen a much higher % gain and anything after 2018 would have seen a their return % in the red.

Comparing it to the Top 5 Coins. We see that the Year to Date returns are in the negative. This assumes that you bought $BTC on Jan/1/2018, and that was near the 20K area. The most impressive perspective is that all this was achieved by bitcoin with a 45.64% Market Cap distribution.

This chart shows the bias I was mentioning in the previous picture. A +/- 200% difference between 6 MO and 1 YR return on holding $BTC; Scary stuff.

With Crypto-Twitter (CT) being as big as an influence as it is, I really wanted to include this chart form Coin Gecko that shows the market sentiment of the coins based off of their twitter coverage. This Radar chart reminds me of my old days in Pokemon, breeding for perfect EVs and IVs.

Image result for perfect EV chart

Continuing the Pokemon example; If this overall sentiment Radar chart was in Pokemon, it is clearly seen that the orange color would be the best overall choice of your Pokemon.  This radar chart shows a low level Pokemon (Sandshrew) with perfect stats. It can be said that this is the “perfect” Sandshrew. Now take a look back at bitcoins orange radar chart. The only thing bitcoin’s really missing is special attack…aka Polarity. Hopefully by comparing bitcoin to Pokemon you were able to see the significance that overall sentiment can have on the price and emotion of the investors.

BITCOIN was Caught!  New Pokedex data will be added for BITCOIN

Congrats…you’ve added “bitcoin” to your Pokedex”

Take what you want from this chart but I am a strong believer that CT holds a great deal of influence on the market. This graph clearly states that bitcoin is a still CT favorite and it still ranks the best in overall sentiment, even after all the bad press it receives.

Mining Rewards vs Hodling

I believe that this battle comes down to you. Ask your self questions such as:  What you want from investing in bitcoin? Do you want to be a passive or active investor? How are your technological skills? Have you ever fared in to cryptocurrency before? Can your resources support mining? How much bitcoin do you have/are purchasing? How is the market sentiment today? 

Mining is not better than hodling and vice versa. It all comes down to what you capability at the time you want to invest. Weigh your pros and cons, gather knowledge, and figure out what you want. Don’t go hodl $BTC if you FOMO’d in at 20K; that’s just bad investing. You should have done some research on the market and seen that it was more than likely oversold. On the opposite side of the sword, don’t  go buy a bunch of mining rigs to mine bitcoin solo because you realistically wouldn’t find a block for centuries. I can’t stress this enough because the right answer to this question is only found by you.

Personally at this moment in time, I am not mining anything due to the increase in computer strength that is required to keep up. I will have to update my technology before diving in. I do think that if mining bitcoin and other alts is interesting to you, that it could be great passive income if done  correctly. For the investors that are okay with just sitting on a bag and holding it, passive investing is the way for you.



Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

Hydrogen 2FA is finally here and here is what you need to know!

WATER IS LIFE. HYDRO IS FINANCIAL LIFE.

Hydro Logo

We are no stranger to using 2FA and the supposed increase in security that they provide. It is said to increase your account security to decrease hacks and such attacks on web based applications. But more often than not, we never think twice about this until it happens to you; but by then it is too late and the damage has been done. Internet security has become something that we take for granted when we go online.

Most recently we have seen the integration of the 2 Factor Authentication, better known as 2FA, across many web based sites. This security measure adds what seems to be a third layer of security to an already 2 layer log in. At first glance this seems like an amazing idea that could secure your information online. But what if I told you that the creators of this software are not even using their own development. There are nothing wrong with these products at the time but what they lack is the security to protect you from those wanting to do you wrong. Hydrogen lists what they feel to be the current problems with the two most popular authentication apps:

Disadvantages of Google 2FA: Image result for google 2fa

  1. Google Authenticator does not support multi-device. If you are using Google 2FA, then you’ll tied to a single device, so if you need to register a new phone or tablet, Google Authenticator automatically unregisters your current device.
  2. Google Authenticator is centralized. This means that once the 2FA app server is down, your Authenticator will be down as well.
  3. Google 2FA lacks in the area of encrypted recovery backups. That is, with Google Authenticator, if you lose your phone you lose your access. There’s no way of recovering your 2FA.

Disadvantages of Authy:                 Image result for authy

  1. Authy ties your 2FA to your mobile number. This means that if someone were to be able to hack into your phone number’s service provider and port your number, then they have access to your 2FA.
  2. Authy service is centralized. This means that if Authy server gets compromised, your Authenticator will be at risk.

Solution?

Hydrogen is crowning themselves as The Global Financial Platform of the Web 3.0 and they might not be wrong.

Introducing the HYDROGEN 2FA – RAINDROP  Image result for hydrogen raindrop[

Mike Kane, co-founder and CEO of Hydrogen Platform said, “Hydrogen RAINDROP exists to fix a lot of the issues with current authentication frameworks, including poor security, centralization and recovery”.

Hydrogen is building themselves to be the building block for a secure financial life. Raindrop is the first phase of Hydro ecosystem, designed to provide private systems with a blockchain-based authentication layer. This could possibly shake things up in the world of 2FA security with their new and totally decentralized authenticator, built upon the Raindrop Ecosystem. No longer are your authenticators at the risk of being down due to centralized servers failing because with Hydrogen 2FA, I can assure you that this will not happen. You see, because it is decentralized, it’s not controlled by one server. Therefore when a server is down, the other servers will still be fine and can continue work alongside the authenticator to protect you.


Release

Hydro: Security and Identity App

Image result for hydro security appTo download the app head on over to iTunes  or Google Play Store and check it out!

When you first download the app you will complete a one time setup that is based off of advanced cryptography combined with the unique way you shake your phone! Your ID is then recorded on the blockchain and the app is ready to use. If the site you are using has Hydrogen’s 2FA integrated, you will be shown a 6 digit code that will be entered in your hydrogen app. If the code is correct you will then be authenticated on the web to gain access to the application. And best off all, the authentication can be applied to not just logins, but payments and transactions as well; securing the whole process along the way.  

Don’t fret about the recovery process of losing your 2FA login because RAINDROP comes with a seed re-generation feature. This means that in case you lose your phone, you can just enter in the seed words to recover your authenticator.

Like I mentioned earlier Raindrop protects your account when any party is trying to access to your providers database by alerting them immediately when the transaction is initiated. With the record of the attempt being made available on the blockchain, it’s impossible for a hacker to erase the hack attempt, which means that the party can then take the appropriate measures.

Hopefully we will see more and more integration of the new blockchain 2FA by exchanges and companies alike. Adding this new ensured security could be a new step forward in the right direction. If you like Hydrogen’s 2FA be sure to encourage your favorite sites and exchanges to integrate Hydrogen! Tell them to go on over to Hydrogen’s site and check it out! Ill even provide the links for you!

https://www.hydrogenplatform.com/docs/hydro/v1/#Introduction and tweet this to your favorite developers as well https://www.hydrogenplatform.com/developers !

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

What is an ETF

ETF is the acronym for the  Exchange Traded Fund

Let’s break this down into simpler more elementary term. The prefix “Exchange Traded” mean that it is traded on a major stock exchange; US examples being the NASDQ and NYSE. Fund means that there is a collection of preselected stocks,bonds, etc to help diversify your investments as well as manage/reduce risk. To make this simpler think of the fund as owning the shares of stock, bonds, commodities, and forex; then dividing the ownership of those assets into shares for you to buy. Three of the most popular ETFs that are traded are SPDR, QQQ, IWM.

To help understand why you would buy and ETF instead of…lets say….an individual stock would be diversification, less risk, less management, and lower costs. When buying a preselected range of stock/other securities, if one of your stocks gets “rekt” then you are not in it 100% and you have other stocks that could outperform just that individual one. This benefits you because there is also less work involved in it because you have already left the selection of stocks and bonds to be chosen by the professionals. Doing this could in fact lower your costs depending on who you go though, it could cut exchange costs.

What is a bitcoin ETF

A bitcoin ETF would essentially buy a predetermined amount of actual bitcoin and distribute those funds into shares to be bought by shareholders. A majority of the proposed bitcoin ETFs roughly state that they would be tracking price through the available trading options of bitcoin and bitcoin futures that are already on Cboe and CME. Currently there are no bitcoin ETFs that are being traded as of writing this article.

But to investors that are wanting to potentially get on board with the blockchain revolution; fear no more, there are already actively traded blockchain ETFs. A blockchain ETF invests in those that are working in the blockchain space regardless of if they are just a company that is using it or a new start up. While there was a glimmer of hope that we would see a potential bitcoin ETF, it all was lost this past week.

The SEC

The news of the SEC denying the imposed Winklevoss Twins  bitcoin ETF made major headlines this past week. According to CoinDesk’s report, the SEC has rejected the Winklevoss bitcoin ETF because the proposal is not “consistent with the requirements of the Exchange Act Section 6(b)(5), in particular the requirement that its rules be designed to prevent fraudulent and manipulative acts and practices.”

Notably so the SEC is scared of the possible and potential manipulation of bitcoin. The community behind bitcoin is strong and is very protective of bitcoin. Many of these member read all of these actual proposals and actively tweet to the SEC to bring it to their attention. The Winklevoss twins have actually done a lot for the crypto space moving forward and are fairly neutral in the crypto community. They do run a very clean and user friendly exchange name Gemeni, I do not actively use it, but I do have an account on it. It is not that they wouldn’t have run a great bitcoin ETF, it’s just that it is more than likely still to early to tell for the SEC.

With the monthly close ahead of us and the weekly close of bitcoin behind us, we saw it drop hard; Past the 8000 levels nearing the danger zone. It just goes to show where bitcoin still stands in the adoption process. We are still early in the process and it is ok that these things are happening. I would much rather this happen now and see a refined, polished system than see a rushed one just to make a quick money grab. As they say pressure creates diamonds, and bitcoin has been under alot of pressure lately.

Will we ever see a bitcoin ETF?

More than likely we will. There is a notable picture of the chart of gold being compared next to bitcoin’s highlighting the similarities and differences of where we are in the process. See below it is a very accurate picture and really puts things into perspective.

Like I always say to my friends when they ask my position, I say that I am short term bearish but long term bullish. I still think that we have some way to go down before we see capitulation get the moon that everybody wants. Think about it; the door would be open for every one trading on a major stock exchange. They now the have access to buy bitcoin without having to use a crypto exchange. The influx sheer amount of money as well as the economics behind the token supply/inflationary rates would see bitcoin rising in value. However,  I do not think that now is the time for bitcoins rise or ETF; but with in the next year or two expect a new proposal to shake things up again.

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody

Do you have the support you need to be successful?

Allow me to help.

What’s up everybody, its Keyser Crypto, I’m here to take you back to the basics. No we’re not going to be talking about Starbucks and Uggs nor is this a support group for it. I’m going to be going over how to find support for your cryptos. Finding the support/resistance range of a crypto  can help you to determine where the bottom may potentially be, trend lines, buy/sell placements, and risk management.

Everyone thinks that charting is so hard, but literally all I’m doing is teaching you how to place straight lines…

Website: Coinigy

Crypto: Monero

Toolbar: Left side of chart

Colors:

  • Green: 1W
  • Light Blue: 3D
  • Dark Blue: 1D
  • Purple: 12H
  • Pink: 6H

Look at the chart

___________

I am going to be using Monero (XMR) for the remainder of the article.

Start big and go small.

  1. Zoom out to the farthest setting and just look at the chart.
  2. Most the time 1-2 week candles will be the largest time frame you can do.
  3. Scroll to the toolbar and click the expansion arrow for trend-line
  4. Click horizontal line (alt+H)
  5. Place it where you found YOUR support or press alt+h for the shortcut.

I used 1 week candles here because there was not clear pattern to confirm a support or resistance @ 2 week intervals.

3 Day XRM Chart

Change the time frame one interval smaller (3D)

Something I like to do is change the color horizontal supports for the different time periods. You will see shortly. This is for organizational and comparison purposes.

Perform the same steps we did for 1W candles and do it for 3D candles now.

Note there is not algorithm or method that I am choosing to mark these with.

This is all what I think the support/resistance lines are and if the picture makes sense when I put it on there.

 

1 Day XRM Chart

Change the time frame one interval smaller (1D)

The reason that I chose to put 1D dark blue support there was due to the accumulation phase at the origin of the coin. I put the horizontal resistance on the wicks of the candles in the blue box and sure enough it almost matched with todays price.

Try to find a connection between past and present; history doesn’t always repeat itself, but it can give you and insight on what might happen.

 

12 Hr XRM Chart

Change the time frame one interval smaller (12hr/720)

I cut the time in half to 12Hr or 720 minute candles. There is a lot more data to be seen and utilized here. Feeling comfortable I nailed all the major support and resistance correctly, I zoom in on the recent part of the chart. I took a second to see if I needed to place any horizontal support/resistance lines but I decided I didn’t. So what I did next was map out the trend.

It’s all about precision of the placement. How I usually determine where to put my trend line is by going to the most recent peak. Seeing if the Wick is reasonable and if so, starting my trend line there. I do make adjustments for candle with extreme wicks.

Try to get as close to putting the trend line on as many other peaks along the way as possible.

You will notice how XMR followed this as its resistance almost all the way down.

As for the recent uptrend I did the same but in reverse. I started from the lowest candle’s wick @ the most recent bottom and tried to match it with as many of the candle wicks in the trend direction. However, there is not enough data to determine if this is an up trend. This is just to help see where it could go.

 

6 Hr XMR Chart

Change the time frame one interval smaller (6hr/360)

Zooming in a little closer we can see that stuff start to get interesting. Let me walk you through what I did. Take note I used pink for the 6 Hr / 360 min.

I zoomed in to a range that I felt comfortable being able to determine the current trend in the market, and I looked.

I eventually noticed the candles inside the box had a similar pattern and resistance points as well. So I put one horizontal marker there as well. I looked for anything else that could help me and I decided to put another horizontal marker on the last green candle before the recent downturn. My thought process was “Okay, this was the last green candle before a sizeable bear run. Right now there is a sizeable bull run but that can’t go one forever. Thinking about momentum and how a half pipe works, from the initial drop in with no outside factors affecting you, you will never reach the same spot you dropped in at. This could be an interesting resistance point for it to be met with. I’ll mark it”

 

3 Hr XRM Chart

Change the time frame one interval smaller (3hr/180)

And for the final step I cut 6 hr in half to 3 hrs to get a close up view of what’s happening.

The 1D (dark blue) support is right on target with the current price action of XMR. We can tell the angle at with the up trend may occur isn’t as steep as it once looked but still a steady incline. We can assume each on of the line above it and in the future will act as support/resistance in this price range.

Having this knowledge, I’d like to get creative.

I put a vertical market (alt+v) on the most recent candle for an indication.
Next I head to the brush – expand it to find and click on triangle.
I put the triangle in my newly created area from my new indicator.

In my opinion this is just a good way of letting you know if the chart is still on track. You can easily make zones like the following EDR chart.

This is to help you and not the chart. It also looks oddly satisfying to the eye. One thing I do like about drawing out these is it is also a good way to manage short term risk. Learning how to do the basics will always be helpful no matter where you go in life.

Now get on out there and go find your perfect support but try not to get resisted.

Keyser is all about helping Nocoiners become Hodlers. He got his first experience with crypto in 2015, and has been an active member of the community since. He started writing to help make the jump in to crypto easier for everybody