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

The skyrocketing values of top cryptocurrencies in the last week of December 2017 and the first week of January 2018 had made cryptocurrencies a widely discussed topic around the world. Since then, almost all the cryptocurrencies are passing through ups and downs in their values.

Facebook, the world’s largest social media platform, also announced ban on ads promoting financial products and services. Earlier, cryptocurrency trading was also banned by various financial regulators in different countries. Also, many of the financial experts also considered these a deceptive game and fraud. The ban on cryptocurrency trading in China, the world’s leading economy, further added fuel to the fire and the values of all the cryptocurrencies began to decrease.

In spite of all this, crypto experts remained hopeful for the future of cryptocurrencies saying that these would regain their all-time high values at some time in the last quarter of 2018. Also, many larger banks, financial institutions, and remittance firms began to adopt various platforms to revolutionize their global payments. Ripple (XRP) has appeared as a frontrunner in this regard because of its fast, reliable, and cost effective cross border money transfers. As a result, more than 100 companies have adopted its blockchain to expand their operations.

Facebook has also realized the importance of blockchain and cryptocurrencies and has announced a new policy lifting ban on financial ads including cryptocurrencies. The official Facebook business page states that it has refined its policy and decided to allow some ads after ensuring that these are safe. This means that it will still block ads with misleading advertising of various products and services. The new policy is effective from June 26 and will allow those ads that are pre-approved by various advertisers. Here, it is also pertinent to mention that there is ban on content promoting Initial Coin Offerings (ICO’s) and other binary options.

The advertisers interested to promote their cryptocurrency products and services will have to submit an application to Facebook. After assessing their eligibility, the social media platform will allow their ads to appear and make those accessible to all the users of Facebook. It is also very important to mention that Facebook is the world’s largest social media platform with more than 2 billion users all across the world.

This lifting of bans on cryptocurrency products and services has given rise to many speculations including that something big is coming for this social media platform in near future. There are also opinions that Facebook may have plans to buy Coinbase, the largest crypto exchange in the world. In early June, The Economist (one of the leading news platform) reported that Facebook is planning to buy Coinbase which is the largest Bitcoin exchange. Although Coinbase is also the largest Bitcoin exchange, yet Facebook adoption may give it access to billion of social media users around the world. There are also many others who are of the view that this lifting of ban on crypto products and services by Facebook is only a way to earn money. In any case, this flip on crypto ads by Facebook may surge the values of almost all the cryptocurrencies in near future.

This is a guest post. Opinions in the article are solely of the writer and do not reflect AdFunnel Project’s view.