Sentiment Analysis in Cryptocurrency | Hacker Noon

Ethereum, LINK, and Ren: These 3 altcoins are supposed to beat BTC

Ethereum, LINK, and Ren: These 3 altcoins are supposed to beat BTC
In the past two months, we have seen a significant decline in bitcoin dominance, While the value on May 15 was still 69.60%, it fell to around 62.60% by yesterday's Sunday.
So that means that many altcoins perform better than BTC.
However, in view of the more than 5000 altcoins, the question of which coins should now outperform Bitcoin naturally arises.
The spectrum ranges from the well-known alts such as Ethereum to the new top performers like Chainlink.
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In this article, let's take a look at an analysis by Santiment and see why they think Ethereum (ETH), Chainlink (LINK), and Ren (REN) could beat Bitcoin.

Santiment underlines the feeling of the Altcoin season

First of all, the Santiment report presented is about a so-called short-term outlook.
This means that all statements refer to a short-term period. And for this short-term period, the analysis company now sees the altcoins ETH, Link, and REN at the forefront.
The report begins with a brief summary of the situation.
While the Bitcoin price is largely still in the price range of $ 9,000 - $ 9,500, many altcoins, in particular, have seen strong increases.
Santiment sees the greatest potential here at Chainlink (LINK).

Chainlink as a winner in front of Ethereum and REN

In the report presented, Santiment uses 3 indicators to assess the short-term situation of the altcoins. Chainlink sees this in the first place.
In addition to the positive indicators, the company also attests to the token based on the Ethereum Blockchain a bullish signal through the use in the context of China's National Blockchain Service Network (BSN).
After this news was published on July 8, the LINK course saw strong growth.
Let's take a quick look at the chart:

https://preview.redd.it/azgvkypdosa51.png?width=1170&format=png&auto=webp&s=8045a983e858fa8d0551253064f7df6946492fc6
We can see from the 30-day chart that the price of Chainlink rose from around USD 4 to USD 6 at the beginning.
This makes LINK one of the best performers of the past 30 days.

Ethereum and REN are further candidates

In addition, the company says that they see Ethereum and REN as additional candidates for outperformance. As already mentioned, 3 indicators were considered for this.
Now let's take a look at the ones behind it. Then, of course, we also look at the values ​​for the individual altcoins.
NVT, DAA and Sentiment Volume Consumed as indicators
The first indicator examined is the Network Value to Transactions Ratio (NVT).
This is a metric that relates the volume of transactions divided by the number of coins/tokens in circulation to market capitalization. This is done over a period of time. In our case, that's the 3-day average.
The second indicator is the daily active addresses in relation to price divergence. Simply put, the price dynamic is set in relation to the number of active addresses.
You can find more information here. The third parameter is called Sentiment Volume Consumed. This is about the measured “sentiment” on Twitter.
Now let's look at the ratings for Bitcoin, Ethereum, LINK, and REN.
The company assigned a numerical value of 0-10 for each indicator, which varies between maximum bearish (0) and maximum bullish (10).

LINK before Ethereum, REN, and Bitcoin: the results

Let's start with the top dog Bitcoin. BTC received only a value of 2 for the indicator NVT. The DAA value was 5 and the value for Sentiment Volume Consumed was 6.5. This gives a total value of 4.5, which Santiment sees as a neutral rating.
Ethereum itself receives 5 points for NVT, 8 points for DAA, and 7.5 for SVC. This results in a total value of 6.8. Santiment rates this as bullish. Ethereum got the second-best total after Chainlink.
LINK itself received 9 points in the NVT area. 5.5 points were awarded for DAA and 7 points for SVC. This gives a value of 7.2.
REN received 8 points in NVT, 7.5 in DAA, and only 3.5 in SVC. This gives a total value of 6.3, which is still bullish overall.
Conclusion: Short-term outperformance possible
Santiment's report shows that the 3 cryptocurrencies Ethereum, Chainlink, and Ren offer the short-term potential to outperform the top cryptocurrency Bitcoin. However, it is important to understand that these figures only give a short-term outlook and therefore do not constitute a long-term trading recommendation.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

XLM can reach $0.10 soon – here's why

XLM can reach $0.10 soon – here's why
Stellar is firmly occupying the 13th spot on the list of the cryptocurrencies with the largest market cap. Last week, we witnessed yet another proof of lumens’ potential: as all the coins dropped on June 02, it was XLM to recover faster than others.
There was a veritable crypto massacre on June 2, when the price of Bitcoin fell by 8% in just five minutes. As usual, other coins followed, with Stellar also losing 8%:
https://xlmwallet.co/
The Bitcoin sell-off was predictable. As soon as BTC makes a move beyond the psychologically important $10,000 mark, whales start selling. Plus, we feel that there are still many miners who have been stashing their mining proceeds for the past few months, waiting for a rally. They decided to hold on to their coins just after the halving, when the expected price explosion didn’t happen.
In fact, data suggests that over 60% of all Bitcoins in active circulation haven’t moved for several months. This is a major indicator of a HODLing sentiment in the market. But as soon, as there’s a bullish move, HODLers jump on the opportunity and sell.
As we’ve said, XLM dropped 8% from $0.083519 to $0.076917. That was a major disappointment to many traders and investors, as Stellar had been on a roll for the whole preceding week since May 26. During that period, it gained an amazing 29%, going from $0.06459 to $0.08352. There were all the reasons to expect a move above $0.10 — a very important mark for XLM.
However, after the ‘massacre’ it was finally Stellar’s time to shine. If you look at the chart for the past month, you can see that the drop was just the deepest among the many recent corrections on the way to a local peak of $0.085514 on June 4:

https://xlmwallet.co/
This marked an overall rise by 32% in just 10 days — an amazing result for a top-20 coin.
What about the slight downward movement that came after? It represents another 7% slump, but from a much higher peak. In the opinion of the XLMwallet analysts, this is nothing more than a regular correction before a new bullish stretch.
The key resistance level to break through will be $0.088. If Stellar manages to overcome it, there’s hardly any obstacles on the way to $0.10.
On the fundamentals side of things, there isn’t much to report: the Stellar Foundation has kept quiet in the past couple of weeks. Therefore, we can expect the price of XLM to largely follow that of Bitcoin. Here, there are more reasons to expect further growth, as BTC miners are quickly returning to the network. The average block time is now at its lowest since 2014: a bit over 8.5 minutes. Of course, mining difficulty will be soon adjusted upward, but generally such ‘difficulty runs’ are a very bullish sign.
Bloomberg updated its BTC price forecast to $20,000 by the end of 2020. A doubling of the BTC price can produce a rise of at least 80% in the price of XLM, taking it all the way to $0.18 or even higher. Therefore, our advice to everyone who is holding lumens in their XLMwallet remains the same: hold.
Don’t get us wrong: we love it when you use our fast, light-weight wallet to send XLM to your friends or pay for goods and services online. Stellar is indeed one of the best cryptocurrencies for payments. But right now the wisest thing is to HODL. If you need to pay in crypto, rather pay in stablecoins.
Do you agree with our analysis? Write your own XLM price forecast in the comments! And if you don’t have an XLMwallet yet, hop over to https://xlmwallet.co/ and activate one right now — it takes only 10 seconds!
Website — https://xlmwallet.co/
Medium — https://medium.com/@XLMwalletCo
Teletype — https://teletype.in/@XLMwalletCo
Twitter — https://twitter.com/XLMwalletCo
Reddit — https://www.reddit.com/XLM_wallet/
submitted by Stellar__wallet to XLM_wallet [link] [comments]

I've reproduced 130+ research papers about "predicting the stock market", coded them from scratch and recorded the results. Here's what I've learnt.

ok, so firstly,
all of the papers I found through Google search and Google scholar. Google scholar doesn't actually have every research paper so you need to use both together to find them all. They were all found by using phrases like "predict stock market" or "predict forex" or "predict bitcoin" and terms related to those.

Next,
I only tested papers written in the past 8 years or so, I think anything older is just going to be heavily Alpha-mined so we can probably just ignore those ones altogether.

Then,
Anything where it's slightly ambiguous with methodology, I tried every possible permutation to try and capture what the authors may have meant. For example, one paper adds engineered features to the price then says "then we ran the data through our model" - it's not clear if it means the original data or the engineered data, so I tried both ways. This happens more than you'd think!

THEN,
Anything that didn't work, I tried my own ideas with the data they were using or substituted one of their models with others that I knew of.

Now before we go any further, I should caveat that I was a profitable trader at multiple Tier-1 US banks so I can say with confidence that I made a decent attempt of building whatever the author was trying to get at.

Oh, and one more thing. All of this work took about 7 months in total.

Right, let's jump in.

So with the papers, I found as many as I could, then I read through them and put them in categories and then tested each category at a time because a lot of papers were kinda saying the same things.
Here are the categories:
Results:
Literally every single paper was either p-hacked, overfit, or a subsample of favourable data was selected (I guess ultimately they're all the same thing but still) OR a few may have had a smidge of Alpha but as soon as you add transaction costs it all disappears.
Every author that's been publicly challenged about the results of their paper says it's stopped working due to "Alpha decay" because they made their methodology public. The easiest way to test whether it was truly Alpha decay or just overfitting by the authors is just to reproduce the paper then go further back in time instead of further forwards. For the papers that I could reproduce, all of them failed regardless of whether you go back or forwards. :)

Now, results from the two most popular categories were:

The most frustrating paper:
I have true hate for the authors of this paper: "A deep learning framework for financial time series using stacked autoencoders and long-short term memory". Probably the most complex AND vague in terms of methodology and after weeks trying to reproduce their results (and failing) I figured out that they were leaking future data into their training set (this also happens more than you'd think).

The two positive take-aways that I did find from all of this research are:
  1. Almost every instrument is mean-reverting on short timelines and trending on longer timelines. This has held true across most of the data that I tested. Putting this information into a strategy would be rather easy and straightforward (although you have no guarantee that it'll continue to work in future).
  2. When we were in the depths of the great recession, almost every signal was bearish (seeking alpha contributors, news, google trends). If this holds in the next recession, just using this data alone would give you a strategy that vastly outperforms the index across long time periods.
Hopefully if anyone is getting into this space this will save you an absolute tonne of time and effort.
So in conclusion, if you're building trading strategies. Simple is good :)

Also one other thing I'd like to add, even the Godfather of value investing, the late Benjamin Graham (Warren Buffet's mentor) used to test his strategies (even though he'd be trading manually) so literally every investor needs to backtest regardless of if you're day-trading or long-term investing or building trading algorithms.
submitted by chiefkul to StockMarket [link] [comments]

Ethereum, XRP, Litecoin Turn Bullish on Bitcoin’s Strong Performance

Investors appear to be growing optimistic about the future of the cryptocurrency market, which could lead to more upside price momentum.

Key Takeaways

Ether Faces Strong Resistance Ahead

Since the Mar. 12 crash, Ethereum has been making a series of higher highs and higher lows. The bullish momentum has taken its price up more than 117%.
The smart contract giant surged from a low of $90 to a recent high of $190.
Despite the substantial price recovery over the last month, the TD sequential indicator estimates that Ether may have more upwards potential.
This technical index presented a buy signal the moment the current green two candlestick began trading above the preceding green one candlestick. If the bullish formation is validated by a further spike in demand, ETH could enter an upward countdown all the way up to a green nine candlestick.
Such a positive scenario seems likely given the amount of interest returning to the cryptocurrency industry, especially as Bitcoin’s halving event approaches.
Nonetheless, IntoTheBlock’s “In/Out of the Money Around Price” model suggests that for Ether to continue reaching higher highs it would first need to move past the $200 resistance level. Approximately 1.2 million addresses bought nearly 7.8 million ETH around this price level.
An increase in the buying pressure behind Ether could allow it to break above this massive supply wall. If this happens, the bulls will likely take control of ETH’s price action, validating the outlook presented by the TD sequential indicator.
Under such circumstances, the next levels of resistance to watch out are provided by the 127.2% and 161.8% Fibonacci retracement levels. These resistance barriers sit around $223 and $260, respectively.
Although everything seems to indicate that Ethereum has more room to go up, the global economic environment tells otherwise. Thus, an important support level to pay close attention to sits around the 78.6% Fibonacci retracement level and the rising trendline.
A daily candlestick close below $172 may invalidate the bullish outlook and increase the odds of a further decline towards $155 or $142.

XRP Turns Bullish

For the first time since December 2018, the TD sequential setup suggests that it is time to buy XRP based on the 1-month chart. This technical indicator presented a bullish signal in the form of a red nine candlestick that has morphed into a green one candle due to the price action seen this month.
If May’s candlestick manages to move above April’s monthly close, the bullish formation would likely be validated. This would indicate that XRP may surge for one to four monthly candlesticks or begin a new upward countdown.
Adding credence to the bullish outlook, the parabolic stop and reverse, or “SAR,” presented a buy signal on XRP’s 1-day chart. Every time the stop and reversal points move below the price of an asset, it is considered to be a positive sign.
The parabolic SAR flip estimates that the direction of the trend for the cross-border remittances token changed from bearish to bullish.
Now, XRP would have to close above its 75-day exponential moving average to continue advancing further. By turning this resistance level into support, the odds for a move towards the 200-day exponential moving average, which sits around $0.23, increases substantially.
It is worth mentioning that XRP has been in a multi-year downtrend since the January 2018 peak. Since then, this altcoin is making a series of lower lows and lower highs. As a result, until it closes above the Feb. 15 high of $0.35, every bullish signal must be taken with caution.

Litecoin on Cusp of Major Movement

Like the altcoins previously mentioned, Litecoin is also signaling that it is ready to resume its uptrend and climb higher. However, the 50-day exponential moving average is holding strong, preventing LTC from achieving its upside potential.
Since the beginning of the month, this barrier has been able to reject the price of Litecoin twice. Considering that resistance weakens the more times it is tested, sooner or later it could turn into support.
Breaking above the 50-day exponential moving average might send LTC towards the 100 or 200-day exponential moving average. These resistance levels sit at $49 and $54, respectively.
On the downside, however, investors pay close attention to the 23.6% Fibonacci retracement level since failing to hold could jeopardize the bullish outlook.
An increase in the selling pressure behind LTC that allows it to close below this support level could trigger a sell-off among market participants. Such a bearish impulse would likely send Litecoin down to try to find support around $39.

Overall Crypto Sentiment

Regardless of the havoc that the pandemic has caused in the global financial markets, investors appear to be growing optimistic about what the cryptocurrency industry has to offer. Now, even Bloomberg analysts are bullish on Bitcoin, stating that this year it could transition toward a “quasi-currency like gold.”
The TIE has also seen an impressive rise in the number of Bitcoin tweets mentioning the halving. The cryptocurrency insights provider affirmed that “halving” mentions on Twitter surged over 63%. Meanwhile, the overall conversations on social media about BTC are up 6%.
As the block rewards reduction event approaches, the focus appears to be shifting towards Bitcoin. Nonetheless, the high levels of correlation in the cryptocurrency market suggest that an increase in the price of the flagship cryptocurrency could see the entire market following suit.
submitted by PresentType to bitcointhenewinfoss [link] [comments]

2020 Will Bring Record Highs for Crypto Assets Despite Pessimism


The emotions in the crypto community are in the range from mild boredom on the positive side to apathy and depression on the other extreme. Despite the gloomy background, I believe 2020 will be one of the best years in the history of crypto assets bringing record highs.
Here are the reasons why…
The broader economy
We live in extraordinary times. Central banks are determined to avoid a recession at all costs by providing liquidity and cutting rates which creates a speculative investment environment. The low interest rate are pumping the valuations of almost any asset class and are also making money managers climb up the risk ladder in search of a meaningful return. Since government bonds don’t yield anything, investors need to buy corporate debt, the ones who previously bought corporate bonds are now into stocks, the stocks loving investors have moved capital to private equity and venture capital etc.
The FED balance sheet jumped $370 billion since September in a new program which is “not QE”. They also cut the rates 3 times this year fighting against a falling stock market and a “potential global slowdown” due to the trade wars and Brexit. As a result we have fresh all time highs in all major US stock indices.
Germany is hovering around a recession, avoiding it technically with a dismal 0.1% growth in the 3rd quarter of 2019. At the same time the DAX index was only 1.3% short of making a new all time high this month.
Even Greece that was on the verge of dropping out of the eurozone four years ago, managed to issue government debt at a negative rate this year.
The cost for avoiding a recession creates a distortion in the valuation of all assets. How do you value anything when interest rates are negative? For great insights on the topic read Howard Marks’ memo on the “mysterious” negative interest rates.
This search for return will drive more people towards riskier asset classes like growth stocks, venture capital and eventually the luring asymmetric bet of crypto assets. "Risk on" state of mind is what crypto needs as the whole asset class (even bitcoin) is perceived as very risky.
US election year
Trump will do anything to keep the stock market and the economy going in 2020. The argument is short but compelling.
He has been very vocal about the new highs and didn’t miss the chance to praise himself for the huge 2019 stock returns. He will likely not do anything that will blow the positive investor sentiment.
This is another tail wind for risk prone investor behaviour in 2020 which will favour crypto assets.
The halving narrative
Bitcoin’s block reward halving is scheduled to occur in mid May 2020. It will bring the daily production from 1800 down to 900 coins per day. This will also cut its annual inflation in half to less than 1.8%. While being twice less powerful than the previous having in 2016, this production cut is still going to influence the price. As a self fulfilling prophecy or a supply-demand result, both previous halvings were followed by an upward price spiral that resulted in a bubble and a blow off top. This is relationship is difficult to ignore and if there is a favourable "risk on” environment in 2020 there is a good chance it will happen again. It may also come faster as investors will try to front run it.
Also, this time we have halving events in the two major forks of bitcoin which did not exist back in 2016 - BCH and BSV. Despite being controversial, they are still among the top 10 largest crypto asset. Their supply cut and potential price rise may help feed the whole “bitcoin halving” narrative and create an upward price spiral for the whole sector.
The latest example of a halving was in litecoin this year and it had a very distinct price effect.
It’s been a while since the last bubble
It’s been exactly 2 years after the top of the previous bubble. Most alts are over 90% down from their all time highs. That is a lot of damage for the speculative investor who came in 2017 and 2018.
Also the lows in most coins were set one year ago and have not been broken down despite prevalent pessimism. This has been a painful environment for anybody looking for a quick buck.
There is also a widespread apathy and pessimism among the crypto community with even hardcore believers changing their forecasts to mediocre 2020.
After 2 years and lots of assets down more than 90% from ATH it seems that most of the coins are held by very strong hands. Therefore downward pressure is limited and if it occurs it would be mainly driven by short term speculators.
Tech development
The hot word of 2016 was “blockchain”. The whole world got excited about it in 2017. 2019 is the year of DeFi.
In case bitcoin gets close to $20 000 again the “late" money will flood once again to smaller crypto assets seeking higher returns. If/when bitcoin’s blocks get full and transactions become expensive the old narrative of “bitcoin doesn’t scale” would become valid again and this would spread money to BCH, BSV, ETH and others.
Another potential narrative that exists today is the “decentralised finance” - exchanges, derivatives, stablecoins, borrowing, lending all that infrastructure got far more sophisticated since the last bubble. Apart from DeFi projects tokens, Ethereum is also poised to be one of the top beneficiaries of this trend as it hosts most of the DeFI activities. However the "Ethereum doesn’t scale" narrative is also valid so a lot of money could spill over to the competition in the smart contract space.
It’s been more than 2 years since the scaling problems became obvious and a lot of projects that specialised in that domain are up and running. Others are at the final stages of being launched. What would be a better test than a real world influx of new users and apps that will try to fill the capacity. The process of finding a proper scaling pathway will be pushed forward in case of another bubble.
Conclusion
That scenario will change in case of a global recession that brings the “risk off” attitude. Then assets will fall into a negative price spiral and investors will be looking to preserve their capital by fleeing to “safer” assets. Although such a recession is inevitable at some point, it seems that central banks have been very good at avoiding it by kicking the can down the road. If they succeed again in 2020, get ready for an explosive crypto year. However, do not assume this run will be the same as 2017. It depends much on the global economy and investors’ risk appetite and it may be cut off earlier and not result in a full blown bubble like the one from 2017. The sensible investor needs to be cautious and plan for the short run in this environment.
submitted by bbelev to BitcoinMarkets [link] [comments]

2020 Will Bring Record Highs for Crypto Assets Despite Pessimism

The emotions in the crypto community are in the range from mild boredom on the positive side to apathy and depression on the other extreme. Despite the gloomy background, I believe 2020 will be one of the best years in the history of crypto assets bringing record highs.
Here are the reasons why…
The broader economy
We live in extraordinary times. Central banks are determined to avoid a recession at all costs by providing liquidity and cutting rates which creates a speculative investment environment. The low interest rate are pumping the valuations of almost any asset class and are also making money managers climb up the risk ladder in search of a meaningful return. Since government bonds don’t yield anything, investors need to buy corporate debt, the ones who previously bought corporate bonds are now into stocks, the stocks loving investors have moved capital to private equity and venture capital etc.
The FED balance sheet jumped $370 billion since September in a new program which is “not QE”. They also cut the rates 3 times this year fighting against a falling stock market and a “potential global slowdown” due to the trade wars and Brexit. As a result we have fresh all time highs in all major US stock indices.
Germany is hovering around a recession, avoiding it technically with a dismal 0.1% growth in the 3rd quarter of 2019. At the same time the DAX index was only 1.3% short of making a new all time high this month.
Even Greece that was on the verge of dropping out of the eurozone four years ago, managed to issue government debt at a negative rate this year.
The cost for avoiding a recession creates a distortion in the valuation of all assets. How do you value anything when interest rates are negative? For great insights on the topic read Howard Marks’ memo on the “mysterious” negative interest rates.
This search for return will drive more people towards riskier asset classes like growth stocks, venture capital and eventually the luring asymmetric bet of crypto assets. "Risk on" state of mind is what crypto needs as the whole asset class (even bitcoin) is perceived as very risky.
US election year
Trump will do anything to keep the stock market and the economy going in 2020. The argument is short but compelling.
He has been very vocal about the new highs and didn’t miss the chance to praise himself for the huge 2019 stock returns. He will likely not do anything that will blow the positive investor sentiment.
This is another tail wind for risk prone investor behaviour in 2020 which will favour crypto assets.
The halving narrative
Bitcoin’s block reward halving is scheduled to occur in mid May 2020. It will bring the daily production from 1800 down to 900 coins per day. This will also cut its annual inflation in half to less than 1.8%. While being twice less powerful than the previous having in 2016, this production cut is still going to influence the price. As a self fulfilling prophecy or a supply-demand result, both previous halvings were followed by an upward price spiral that resulted in a bubble and a blow off top. This is relationship is difficult to ignore and if there is a favourable "risk on” environment in 2020 there is a good chance it will happen again. It may also come faster as investors will try to front run it.
Also, this time we have halving events in the two major forks of bitcoin which did not exist back in 2016 - BCH and BSV. Despite being controversial, they are still among the top 10 largest crypto asset. Their supply cut and potential price rise may help feed the whole “bitcoin halving” narrative and create an upward price spiral for the whole sector.
The latest example of a halving was in litecoin this year and it had a very distinct price effect.
It’s been a while since the last bubble
It’s been exactly 2 years after the top of the previous bubble. Most alts are over 90% down from their all time highs. That is a lot of damage for the speculative investor who came in 2017 and 2018.
Also the lows in most coins were set one year ago and have not been broken down despite prevalent pessimism. This has been a painful environment for anybody looking for a quick buck.
There is also a widespread apathy and pessimism among the crypto community with even hardcore believers changing their forecasts to mediocre 2020.
After 2 years and lots of assets down more than 90% from ATH it seems that most of the coins are held by very strong hands. Therefore downward pressure is limited and if it occurs it would be mainly driven by short term speculators.
Tech development
The hot word of 2016 was “blockchain”. The whole world got excited about it in 2017. 2019 is the year of DeFi.
In case bitcoin gets close to $20 000 again the “late" money will flood once again to smaller crypto assets seeking higher returns. If/when bitcoin’s blocks get full and transactions become expensive the old narrative of “bitcoin doesn’t scale” would become valid again and this would spread money to BCH, BSV, ETH and others.
Another potential narrative that exists today is the “decentralised finance” - exchanges, derivatives, stablecoins, borrowing, lending all that infrastructure got far more sophisticated since the last bubble. Apart from DeFi projects tokens, Ethereum is also poised to be one of the top beneficiaries of this trend as it hosts most of the DeFI activities. However the "Ethereum doesn’t scale" narrative is also valid so a lot of money could spill over to the competition in the smart contract space.
It’s been more than 2 years since the scaling problems became obvious and a lot of projects that specialised in that domain are up and running. Others are at the final stages of being launched. What would be a better test than a real world influx of new users and apps that will try to fill the capacity. The process of finding a proper scaling pathway will be pushed forward in case of another bubble.
Conclusion
That scenario will change in case of a global recession that brings the “risk off” attitude. Then assets will fall into a negative price spiral and investors will be looking to preserve their capital by fleeing to “safer” assets. Although such a recession is inevitable at some point, it seems that central banks have been very good at avoiding it by kicking the can down the road. If they succeed again in 2020, get ready for an explosive crypto year. However, do not assume this run will be the same as 2017. It depends much on the global economy and investors’ risk appetite and it may be cut off earlier and not result in a full blown bubble like the one from 2017. The sensible investor needs to be cautious and plan for the short run in this environment.
submitted by bbelev to Bitcoin [link] [comments]

I've reproduced 130+ research papers about "predicting bitcoin", coded them from scratch and recorded the results. Here's what I've learnt.

ok, so firstly,
all of the papers I found through Google search and Google scholar. Google scholar doesn't actually have every research paper so you need to use both together to find them all. They were all found by using phrases like "predict bitcoin" or "predict stock market" or "predict forex" and terms related to those.

Next,
I only tested papers written in the past 8 years or so, I think anything older is just going to be heavily Alpha-mined so we can probably just ignore those ones altogether.

Then,
Anything where it's slightly ambiguous with methodology, I tried every possible permutation to try and capture what the authors may have meant. For example, one paper adds engineered features to the price then says "then we ran the data through our model" - it's not clear if it means the original data or the engineered data, so I tried both ways. This happens more than you'd think!

THEN,
Anything that didn't work, I tried my own ideas with the data they were using or substituted one of their models with others that I knew of.

Now before we go any further, I should caveat that I was a profitable trader at multiple Tier-1 US banks so I can say with confidence that I made a decent attempt of building whatever the author was trying to get at.

Oh, and one more thing. All of this work took about 7 months in total.

Right, let's jump in.

So with the papers, I found as many as I could, then I read through them and put them in categories and then tested each category at a time because a lot of papers were kinda saying the same things.

Here are the categories:

Results:
Literally every single paper was either p-hacked, overfit, or a subsample of favourable data was selected (I guess ultimately they're all the same thing but still) OR a few may have had a smidge of Alpha but as soon as you add transaction costs it all disappears.

Every author that's been publicly challenged about the results of their paper says it's stopped working due to "Alpha decay" because they made their methodology public. The easiest way to test whether it was truly Alpha decay or just overfitting by the authors is just to reproduce the paper then go further back in time instead of further forwards. For the papers that I could reproduce, all of them failed regardless of whether you go back or forwards. :)

Now, results from the two most popular categories were:

The most frustrating paper:
I have true hate for the authors of this paper: "A deep learning framework for financial time series using stacked autoencoders and long-short term memory". Probably the most complex AND vague in terms of methodology and after weeks trying to reproduce their results (and failing) I figured out that they were leaking future data into their training set (this also happens more than you'd think).

The two positive take-aways that I did find from all of this research are:
  1. Almost every instrument is mean-reverting on short timelines and trending on longer timelines. This has held true across most of the data that I tested. Putting this information into a strategy would be rather easy and straightforward (although you have no guarantee that it'll continue to work in future).
  2. When we were in the depths of the great recession, almost every signal was bearish (seeking alpha contributors, news, google trends). If this holds in the next recession, just using this data alone would give you a strategy that vastly outperforms the index across long time periods.

Hopefully if anyone is getting into this space this will save you an absolute tonne of time and effort.

So in conclusion, if you're building trading strategies, simple is good :)

Also one other thing I'd like to add, even the Godfather of value investing, the late Benjamin Graham (Warren Buffet's mentor) used to test his strategies (even though he'd be trading manually) so literally every investor needs to backtest regardless of if you're day-trading or long-term investing or building trading algorithms.


EDIT: in case anyone wants to read more from me I occasionally write on medium (even though I'm not a good writer)
submitted by chiefkul to CryptoCurrency [link] [comments]

Bitcoin News Today 2020: Bitcoin Halving Facts: Past Price Data May Shed Light On What’s To Come

Bitcoin News Today 2020: Bitcoin Halving Facts: Past Price Data May Shed Light On What’s To Come
Today’s Bitcoin News for 2020: In a few days, the Bitcoin Halving will happen. We are likely to have a Golden Cross happen a few days after the Halving. Historically, a Golden Cross has indicated a long term upward trend for Bitcoin. With two bullish events happening so close together, could we see an extended Bull Run from Bitcoin? Twitter is tweet happy when it comes to the Bitcoin Halving. The Halving is the latest buzz, and the buzz is full of positive sentiment. We will dig into both Twitter and Google to discover what is trending with Bitcoin worldwide. Finally, we will look at some of the facts from the previous halvings. It is amazing how the current halving is lining up with the last two Bitcoin halvings. Enjoy this astonishing video to the last second. Do not miss out!
Watch the video:
https://youtu.be/Pw6JkG5S7Nc

https://preview.redd.it/0yrfbv1vbcx41.jpg?width=1920&format=pjpg&auto=webp&s=a54a05d7cde83f7a96639ac7685d86b3042605f9
submitted by Lumin8_Crypto to Bitcoin [link] [comments]

Bitcoin News Today 2020: Bitcoin Halving Facts: Past Price Data May Shed Light On What’s To Come

Bitcoin News Today 2020: Bitcoin Halving Facts: Past Price Data May Shed Light On What’s To Come
Today’s Bitcoin News for 2020: In a few days, the Bitcoin Halving will happen. We are likely to have a Golden Cross happen a few days after the Halving. Historically, a Golden Cross has indicated a long term upward trend for Bitcoin. With two bullish events happening so close together, could we see an extended Bull Run from Bitcoin? Twitter is tweet happy when it comes to the Bitcoin Halving. The Halving is the latest buzz, and the buzz is full of positive sentiment. We will dig into both Twitter and Google to discover what is trending with Bitcoin worldwide. Finally, we will look at some of the facts from the previous halvings. It is amazing how the current halving is lining up with the last two Bitcoin halvings. Enjoy this astonishing video to the last second. Do not miss out!
Watch the video:
https://youtu.be/Pw6JkG5S7Nc

https://preview.redd.it/9c1efvslccx41.jpg?width=1920&format=pjpg&auto=webp&s=4f41e5868c2b652af0583c645e4a6773654a1a4d
submitted by Lumin8_Crypto to CryptoCurrencies [link] [comments]

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

Streamr Community Survey Results

https://preview.redd.it/yhtbxppp9aj41.png?width=4000&format=png&auto=webp&s=ec05fb5230689ff8364a8bbde0d481bef8a6e83b
Inspired by the Community Fund, Streamr recently conducted a survey to better understand the community and gain insights into the effectiveness of Streamr messaging.
Below is a summary of the most insightful answers and Streamr’s response (qualitative answers have been summarised by theme and incorporated into the charts).

1. When and how did you first learn about Streamr?


https://preview.redd.it/fzqfmica8aj41.png?width=3224&format=png&auto=webp&s=10595dfeb00d322fcfff71c75fa44fd15540eaa3
Exchanges and token searching are the leading ways in which the Streamr community discovered the project. Social media follows in second. This might indicate that those with an interest in token trading comprise the majority of respondents.
Social media use and word of mouth also show their influence, which falls in line with Streamr marketing intelligence.
The prominence of the Bitfinex exchange and ICO suggest that many respondents have been following the project from its early days.

2. What first attracted you to the Streamr project?


https://preview.redd.it/aznxxgld8aj41.png?width=3224&format=png&auto=webp&s=7cae2065a6772becf5b5acd45cf1fd010ff0048b
Many respondents indicated that the Streamr tech stack and goal drew their interest to the project, with a particular emphasis on data monetisation and individual ownership.
This emphasis is not surprising because much of Streamr’s recent messaging has focused on the upcoming Data Unions framework and data monetisation holds the most day-to-day use potential for non-devs.
“The concept of decentralizing and monetising data.” “Giving people back control of their data sounded like a worthy project and the IoT examples sounded like ideal application of blockchain technology.”
The Network, Marketplace, and decentralization of the data economy also came through in the answers.
“It is interesting how Streamr wants to build a decentralized data network based on a blockchain other than Bitcoin. Something scalable that allows connection to IoT devices.” “Decentralized IoT and the idea of a data marketplace where buyers and sellers meet and establish a price for possibly huge amounts of data.”

3. Which tool/development area are you most interested in?


https://preview.redd.it/luygx7cp8aj41.png?width=3224&format=png&auto=webp&s=be4a99995bc2f540edb2cc7ad88aa8ac1305cddc
The popularity of Data Unions, followed closely by the popularity of the Marketplace, reinforce the sentiment that emerged in answers to question two; the Streamr community is captured by the idea of selling their data.
The Network falls slightly behind, despite being arguably the central element of the project. This might be expected due to its highly technical nature and the recent focus on Data Unions.

4. On which channels do you engage with Streamr content or the community?


https://preview.redd.it/5op2fw73aaj41.png?width=3224&format=png&auto=webp&s=293cdcc283f7028f6263a53ccd1b2c84cc208768
No surprises that Telegram, Twitter, and Reddit continue to drive the community engagement. This may highlight that respondents here are primarily of a non-technical background, with only a handful visiting the Community Dev Forum.

5. What do you currently like most about the project?


https://preview.redd.it/fge20bnr8aj41.png?width=3224&format=png&auto=webp&s=d6b40bb450e728b873200653f782b44d6d2dd1c5
The results here were harder to pin down to distinct themes, with Swash taking a narrow lead, followed by Streamr team (thanks!), and enthusiasm for the project’s tech goal of making real-time data more open and tradeable.
“Swash… All the potential DApps that can be built on Streamr… And taking back control of our data.”
The potential of the Streamr stack to act as a platform for others to build on, a platform for existing projects to integrate with, and a tool for a more fluid data economy also came across.
“Swash! Because it is very pragmatic and actually produces the data in decentralized environment. […] At the moment, the most difficult part [in a] data economy is ‘having meta data’ because no one shares. Swash and similar DApps produce this for Streamr.” “The idea of revolutionising the data economy… And the good community.”

6. Apart from the token price, what do you dislike or what would you like to see the project do differently?


https://preview.redd.it/0urbj40w8aj41.png?width=3224&format=png&auto=webp&s=871958c3277bdcb4d073af5b186075d7252a7f73
It’s clear from these results, and other discussion in the community, that three key areas of uncertainty come forward:
  1. Tokenomics/token functionality understanding
“It’s a bit disheartening to see that token economics is talked about probably once or twice a year (when prompted by community members pushing for updates on it).” “Staking the token as part of the network. Its the only reason a lot of people were interested originally. Please don’t push it back further. Streamr should also be prepared to talk about the token — it feels like Streamr always has to be forced to mention it.” “Tokeneconomics. Now you know who I am. 😁”
It’s true that despite various discussions in the community, direct comms on how the token’s utility has progressed since the whitepaper is lacking. This is largely because the token’s function is still developing, and won’t take full form until the later stages of the Network are rolled out.
The token is currently used as a means of payment on the Marketplace and for individuals to earn DATA by contributing to Data Unions. Still to come are functionalities around token stake checking and incentive mechanisms enabling node rewards.
Proposed solution: A blog from Henri and the team on some of these plans as they take shape could address some of the uncertainty. Keep an eye out for an announcement on tokenomics in the coming weeks.
2. Project direction/partnerships info
“A little bit more of a plan to understand future partnerships and developments. Something that should be easy to understand for the Average Joe. I think it will reach more potential investors.” “More internal development communication should be public for Streamr to be a decentralized project, otherwise it’s a company and its followers.” “Improve transparency. I fully understand that ICO investors are not shareholders, but it’s often very hard to get a sense of what you’re working on and with who, and why. Things get announced, but little is known about your mission or business goals.” “Proper financial, personnel and visions report. Quarterly please. This is something that brings certainty to the project, as the community will know how things are going in the grand scheme.”
Giving granular updates on the project’s direction (beyond tech updates) or the status of partnerships, while desirable for the community, is not always possible or profitable for the project. This is due to NDAs, coordination between multiple external parties, shifting priorities, value considerations on timing and announcement strategies — plus many more case-by-case factors.
Proposed solution: Streamr will produce a yearly report outlining the achievements, challenges, goals ahead with a breakdown and comments from each project team, and a high level overview on finances. This would also add value for potential partners and less active followers to get an official insight into the project’s status.
3. Marketing
“Lack of awareness of the project. Recent community products [Data Unions] marketing is good, but it was about 1 to 1.5 years of nothing prior to that.” “There could be more articles just applying Streamr Core to interesting things, interacting with smart contracts etc. I feel we get one integration every 1.5/2 months, but sometimes simpler is better.” “Communicate the vision and the market you’re addressing in a more boastful way.” “More applications for making data something tangible that you show like a footprint to exemplify to no-coiners how much value the average person generates.”
Desire comes through for increased communication from the project, focused on how to apply the Streamr tech and attract a broader audience. The comms team face a continual (and interesting) challenge to strike the right balance between updating followers, attracting devs to build and use Streamr tools, communicating the project’s goals, and generating user awareness for products still in production.
Proposed solution: A comms shift towards adoption and attracting Data Union users outside the current technical and web3 sphere is on the horizon, which will address some of these suggestions.
Further examples of Core in action, perhaps with more accessible canvas templates as starting points, is another possibility in the future.

7. How would you describe Streamr to a stranger?


https://preview.redd.it/3qqpjj6y8aj41.png?width=3224&format=png&auto=webp&s=ce3d9f7157ac403cb5b73f29b2c9352a5bfe9427
It’s great to see so many of you on-message, which is encouraging from a marketing perspective, and it’s also great to understand which elements of the project you put forward independently. As we have also seen in earlier responses, there is a preference for the upcoming Data Unions feature, which was actually added to the Marketplace design after the Streamr project was founded.
Here are a few of our favourite responses:
“An open and permissionless network for the data economy, connecting producers to buyers, not owned by a centralized authority.” “A real-time P2P data network where each participant can control and manage data they produce. Data integrity, authenticity and security is ensured by the blockchain.” “Real-time data layenetwork and marketplace.” “A platform where you can sell and buy data in real time.” “A toolkit for constructing decentralized data streams which buyers and sellers trade in a marketplace.”

8. Where are you located?


https://preview.redd.it/citnndp09aj41.png?width=3224&format=png&auto=webp&s=d586e42d5086df6282f6b4796eb741db235a1127
The most active community members are based in Europe. Other social media analytics show a more balanced follower distribution.

Geographic sample of 5,000 Twitter followers from Followerwonk
9. What’s your professional background (student, developer, designer) and do you have a skill or area of expertise you would like to volunteer to support the project?

https://preview.redd.it/n7ak6wgg9aj41.png?width=3224&format=png&auto=webp&s=ba11d45823de976e0f86da806bbb2875bd9b357a
Developers take the lead by profession, which is understandable because many of the current tools and comms are aimed at those from a technical background. It was nice to see such a broad spectrum of career paths represented, drawn by the goal of a more open real-time data economy.
Thank you to those who offered to contribute their skills. We will be in touch should we require any assistance.
And thank you to all who took the time to complete the survey. Your feedback and support go a long way towards helping Streamr reach its goals.
If you’re not already a part of Streamr’s most popular social channel, what are you waiting for? Please join the community on Telegram to discuss the results, and keep an eye out across all of Streamr’s social media for updates on the proposed solutions and more.
See the original post on Medium
submitted by thamilton5 to streamr [link] [comments]

List of some of the best Crypto Teachers/Influencers and Crypto exchanges/crypto trading tools for beginners

First of all, congrats, to be a part of the Bitcoin/Blockchain growth story. You are one of the early adopters in this space and hopefully, you will make the best out of it.
The first thing to do is to make your mentors and follow them to get to know about the industry insights, who will always motivate you and prevent you from being scammed.
Some of the mentors to follow on Twitter-
  1. Andreas M. Antonopoulos - He is one of the first Bitcoin educators. In 2012 Antonopoulos became enamored with Bitcoin. He eventually abandoned his job as a freelance consultant and started speaking at conferences about bitcoin, consulting for startups, and writing articles free of charge.
  2. Saifedean Ammous- is an economist and author focusing on bitcoin, who authored the first academic book on the economics of bitcoin, The Bitcoin Standard: The Decentralized Alternative to Central Banking, published by Wiley in 2018
After deciding the mentors and taking advice from them by following them, create an account on some good crypto trading exchanges just to know how an exchange works like what are the functioning/ how orders are placed, etc.
List of some of the best crypto trading exchanges-
  1. Binance - It is the largest crypto exchange in the world as per the trading volumes. User Interface is also very good. Recently they also announced their margin trading feature. They have a mobile app also available.
  2. Bittrex - Its US-based exchange and it is operated by 3 security engineers from Amazon, founded in 2014. They don't have a mobile app for now.
  3. Coinbase - It was founded in 2012 and they have crypto to fiat pairs available in 32 countries you can buy cryptocurrencies through your bank account.
Before going to trade with real money, I would recommend you to do some research, how crypto market works. According to the best of my understanding, you should apply some strategies, follow news/sentiments, charts, patterns of the coin.
Some important tools/websites that can help you to build your strategies and gather all the possible information about the market-
  1. Coingecko - Here you will find all the information of any coin like market cap, prices, dominance, social accounts, explorer at one place so that you can make informed decisions.
  2. Trading View- It's an advanced Financial visualization platform where you can find any past chart with indicators to apply the best possible strategy, also you can take ideas from the leaders at the trading view.
  3. SmartBotCoin - It's an automated tool that gathers all the information like news and sentiments through AI/ML at a single place and automates the process of backtesting, that can be helpful in making informed trading decisions.
Also, before going to trade with real money - you should have a solid trading plan that not only constitutes trading knowledge but also how you control your emotions, gaining confidence and how you manages your finances and risk.
Best of luck!
submitted by Cresource_ to CryptoCurrency [link] [comments]

Why You Should Hold at Least 30% Gold in Your Portfolio

Dennis Gartman, the former editor and publisher of The Gartman Letter, recommends investors hold at least 30% gold in their portfolio. He made these comments in an interview with a panel of investors by a leading gold news outlet, Kitco News. The particular question was how they would invest $100,000 in the coming decade.
Gartman described his approach as follows:
“For the next decade I’d hold 30% in gold of some form; I’d hold 30% in various closed-end bond funds that pay dividends monthly (there are dozens of them!); I’d hold 30% in commodity-related businesses; and the final 10%, I’d hold in Emerging market ETFs.”
The US economy is closing the decade on a pretty firm footing. The S&P market index is experiencing its longest bull run in history, being up 184% since 2010. However, the global economy is awash with uncertainty that caused some hiccups in 2019.
Interestingly, gold is attracting keen interest, even with a rallying stock market. Prices may be lower than record highs in 2011, but holding gold is still extremely lucrative. The precious metal looks to end the decade with a gain of 34%.
Such a paradigm is not conventional in the modern history of stocks and asset investments. To have a big year in both stocks and defensive safe-haven assets is quite unusual. Both cautious and aggressive investors can claim victory from how the year has panned out. However, hedge funds bore the brunt of this extraordinary market as many bullish strategies got clobbered from the upheaval.
This dynamic points at a market with more temperamental liquidity than previously thought. Bank of America has released an insightful analysis titled, “The World’s Most Liquid Stock Market Is Now as illiquid as it was in the 2008 Crisis.”

2020 Gold Outlook

Gartman has left his position at the famed Gartman Letter after 30 years. His experience gives him a unique perspective on this market. He sees gold as a vital part of portfolio diversification in the coming year. A significant trend will be the return to commodity markets as inflationary pressures return. The expansionary policies and low-interest regimes of most prominent central banks are a massive reason for this.
In its last meeting of the year, the US Federal Reserve confirmed that it would not raise interest rates soon. President Trump relies on economic growth as his signature achievement heading into a reelection year. Even though the FED is an independent agency, Trump’s relentless attacks on chair Jay Powell have had some effect in the recent past. Trump is never hesitant to go on Twitter to remind everyone that the S&P 500 has broken its record highs at least 135 times since his election.
Therefore, the expansionist policies that facilitate cheap money flowing into the economy will likely hold through 2020. As for the stock market’s bull run, Gartman takes the cautious position that a bull run ends when it does. Accurately forecasting the next downturn is not a walk in the park. This new decade may continue the optimism that the last has finished with.
On the other hand, trade tensions still cast a cloud over next year’s forecast. Trade talks between the US and China are still in progress. Interestingly, investors were not as impressed with the Phase 1 agreement of the US-China trade deal as many expected. Gold prices held up as investors await news of the second phase of the trade deal.
These uncertainty triggers will play a significant role in shaping 2020 economic performance. Brexit and EU growth stagnation are other significant factors to watch for. The market is operating as though these events are in the past, but their ripple effects can still rock stock markets in 2020.

Consumer Price Inflation

The US has a historic economy, yet is on the cusp of rerunning a trillion-dollar deficit. You have to go back to 2009 and a few years after to find such a period of spending. Former FED chair Alan Greenspan contends that this phenomenon will eventually lead to an exponential inflation rise. Speaking to CNBC, Greenspan stated that he is worried about US consumer price inflation.
There is a lot of merit to such a sentiment. After all, the easy monetary policies and a reaccelerating economy set the stage for higher commodity prices. However, it is not easy to forecast a tipping point for inflation in the short-term. The markets don’t seem to be as worried about the ballooning deficit as hawkish analysts are. It remains to be seen whether the low unemployment and positive outcome of trade deals will stem this tide in 2020.

The Current Status of Gold

Even though the stock market has had a historic bull run, gold has had a strong rally of its own. This run is reminiscent of the 2011 cycle when gold prices looked to cross the watershed $2,000 mark before dissipating. Incredibly, this period is not a global recession like the last time gold prices were this high. Gold is traditionally a defensive asset. Its strong performance in a great year for stocks shows that there is more to the story than meets the eye.
The low-interest era means that a lot of money will be flowing in the economy. Naturally, such a glut lowers the value of fiat, indicating that stable assets like gold and Bitcoin are more attractive as a store of value.
Gold has risen past the $1,500 mark in recent days of trading. This latest rise is consistent with 2019 patterns, which have seen gold spot prices rise over 15%. Remarkably, this solid price is occurring at a time of historic stock runs.
The end of the current bull run is challenging to predict. However, in the event of such misfortune, gold is the right investment to absorb shock in your portfolio. Gold prices are not affected negatively by slides in the stock market. Additionally, scarcity and consistency place gold at a higher value than other real assets.

Investors Adding Gold to Their Portfolios

A recent Kitco News report shows that big speculators have rebuilt bullish positions in gold futures. The analysis relies on data from the Commodity Futures Trading Commission (CFTC) from the most recent reporting week.
CFTC data capture activity, namely short and long positions on gold. In the most recent data, net long positions of fund managers rose to 201721 from 183648. The figures captured trends up to December 17. Long positions are contracts guaranteeing the purchase of gold at a specific price in the future. Such an increase is indicative of positive sentiment about gold prices rising in the coming weeks of trading.
Much of the bullish sentiment around gold is because of the FED’s confirmation that it would not raise rates soon. The FED’s dovish sentiment despite the already strong economy was enough to channel wind into gold’s sails. Accordingly, investors are hedging against inflation in the near future.
Traders have multiple ways to add gold to their holdings. Other than holding bullion, they can invest in gold-backed ETFs. With the option of tokenized gold trading in the market, investors can hold bullion without the inconvenience of storage or security.
Moreover, there is always the possibility that stocks can tumble from their record highs. In such a scenario, gold is the perfect safe-haven. Gold is the most stable of all assets, and the tailwind from such an event would be massive.
In summary, holding about 30% gold in your portfolio is not only a safe strategy but also one that can have a tremendous upside. With a robust gold market to close out 2019, the next decade looks set to begin with a prolonged gold bull run. The likes of Ray Dalio certainly understand this dynamic. Gold is no longer an old-school doomsday asset but rather a core part of the modern financial world. Its ceiling could be very high.
submitted by y0ujin to NovemGold [link] [comments]

End of day summary - 08/12

The Dow fell 391.00, or 1.49%, to 25,896.44, the Nasdaq lost 95.73, or 1.2%, to 7,863.41, and the S&P 500 declined 35.95, or 1.23%, to 2,882.70.
The stock market fell more than 1% on Monday, as uncertainties about the global economy continued to push investors away from risk assets and into safe-haven assets like U.S. Treasuries and gold. The S&P 500 fell 1.2%, which was comparable to the declines in the Nasdaq Composite (-1.2%) and Russell 2000 (-1.2%). The Dow Jones Industrial Average lost 1.5%.
U.S. corporate and economic news was sparse on Monday, which helped attention focus on the government protests in Hong Kong, the political instability in Italy and Argentina, and the lack of improvement in U.S.-China trade relations. Economists from Goldman Sachs added to the sour mood, stating that they are not expecting a U.S.-China trade deal before the 2020 presidential election.
In other words, Monday featured plenty of negative-minded speculation, although it was understandable given the amount of negative developments around the world and the lack of good news. Perhaps the most startling development in the capital markets was the persistent decline, and compression, in U.S. Treasury yields.
This compression in yields not only hit investor sentiment but was also affected the S&P 500 financials sector (-1.9%), which led all 11 S&P 500 sectors in losses. Banks typically rely on healthy net interest margins to boost profit and facilitate lending activity. The other rate-sensitive sectors -- real estate (-0.3%) and utilities (-0.3%) -- outperformed but still finished lower.
An inversion of the 2-10 spread is widely viewed as a recession indicator, although an inversion does not necessarily predict one.
Markets in Argentina were reeling on Monday after President Mauricio Macri, who is known for being pro-business, lost a primary election on Sunday. Argentina's peso had weakened about 25% against the dollar in early trading amid investor concerns about the potential return to power of Argentina's Peronist movement under Alberto Fernandez and his running mate, former president Cristina Kirchner. Fernandez has pledged to undo many of Macri's market-friendly policies and the surprising primary results has been followed by sharp slides for many stocks linked to Argentina that trade in New York, including MercadoLibre (MELI), Banco Macro (BMA), Despegar.com (DESP), Grupo Financiero Galicia (GGAL), Loma Negra (LOMA), Pampa Energia (PAM), Telecom Argentina (TEO), YPF (YPF) and Arcos Dorados (ARCO).
Among the notable gainers was ROKU, after Needam analyst Laura Martin raised its price target to $150 saying Netflix “has the most to lose. Also higher was AMGN, which gained 6% after a United States District Court judge in New Jersey ruled on Friday in the company's favor in a patent fight with NVS. Shares of MU were on the rise in late trading on Monday as the company's CFO said that "demand has come back".
Meanwhile, CPB was in focus after Sky News reported that Valeo Foods Group is in advanced talks to acquire Campbell's Kettle Foods operations in the U.K. and Ireland. The deal, which could be reached in the coming days, is expected to be worth more than GBP50M, according to Sky. The news comes after Campbell Soup announced earlier this month that it signed an agreement to sell Arnott's and other international operations to KKR for $2.2B in cash.
Additionally, New York Attorney General Letitia James said via Twitter that Oregon has joined her state's lawsuit to block the merger of TMUS and S. James added in the tweet that the coalition involved in the suit includes 16 states. A New York AG spokesperson told Dealreporter last week that the office was in talks with a "handful" of other states that were considering whether to sign onto the lawsuit.
In Asia overnight, stocks were mostly higher, with the China CSI 300 rising 1.8%, while Japan’s Nikkei 225 added 0.4%. Hong Kong’s Hang Seng Index HSI meanwhile lost 0.4%. European stocks were trading lower Monday, down 0.2%, as measured by the Stoxx Europe 600.

Currency

The U.S. dollar index was roughly flat on Monday and sterling and the euro saw a modest rise as the foreign exchange market fell into an August lull, a traditionally quiet trading period with many investors and traders on vacation.

Treasury

U.S. Treasuries spent the Monday session in a steady advance, pressuring the 30-yr yield to a fresh low for the year while the 10-yr yield approached its low from last week. The daylong rally was not fueled by a particular news catalyst but was rather a function of disappointment over the lack of an improvement in the official relationship between China and the United States.
The spread between the 2-yr and 10-yr yields narrowed to six basis points, as demand for longer-dated tenors continued to climb amid growth concerns. The 2-yr yield fell five basis points to 1.58%, and the 10-yr yield fell ten basis points to 1.64%. The U.S. Dollar Index declined 0.1% to 97.43.

Commodity

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude.
Corn and soybean futures both fell sharply Monday after the U.S. Department of Agriculture's August production estimates projected larger-than-expected crops following an extremely wet spring that severely delayed corn planting, followed by dry conditions across much of the Midwest. Corn for December delivery CZ19 on the Chicago Board of trade fell 25 cents to $3.9275 a bushel, a decline of 6%. November soybeans SX19 dropped 11.5 cents, or 1.3%, to $8.8075 a bushel. The report estimated that U.S. farmers would produce 13.9 billion bushels of corn, down 4% from last year but larger than analysts had expected. Soybean production is forecast to fall 19% from last year to 3.68 billion bushels.

Crypto

YTD

  • Nas +18.5%
  • Spoos +15.0%
  • Rusell +10.8%
  • Old Man +11.0%

What's tomorrow?

  • Investors will receive the Consumer Price Index for July on Tuesday.
Summary scraped from the interweb. Took 0.11 seconds.
submitted by hibernating_brain to thewallstreet [link] [comments]

How Twitter helps cryptocurrency trading

The social network Twitter has long been considered a key place for discussion of cryptocurrency topics both among experts and among ordinary cryptocurrency market players. Moreover, based on the mood of messages on Twitter, you can build a trading strategy that allows you to effectively earn on cryptocurrencies.
So, two companies – the eToro trading platform and the TIE analytic company – linked trading with Twitter analytics, resulting in the powerful TheTIE-LongOnly CopyPortfolio tool. How the new tool works, what role Twitter plays for the cryptocurrency industry, and what other ways traders have an analysis of the cryptocurrency community’s moods, we understand in detail the material.


A cryptocurrency portfolio that depends on tweets

Those who manage the cryptocurrency portfolio have the opportunity to put into practice what many had previously suspected: Twitter has become not only a storehouse of information and analytics for the crypto community, but also a pulse that cannot but correlate with what is happening with cryptocurrency prices.
EToro and TIE have launched TheTIE-LongOnly CopyPortfolio cryptocurrency portfolio for all types of investors. This tool is managed by eToro and is based on Twitter posts. This is especially interesting because, as stated in eToro, “unlike traditional assets, cryptocurrencies do not have fundamental factors – they do not have a stream of income, dividends or an indicator of debt burden.”
The minimum threshold for using heTIE-LongOnly CopyPortfolio is an investment of $ 2,000. At the moment, the initial assets in the portfolio include the following assets:


The fact that almost half of the portfolio is occupied by DASH suggests that the maximum high volume of positive tweets was observed on this altcoin in early October. At the same time, the composition of the portfolio is reviewed monthly, automatically and without human intervention, and eight more cryptocurrencies can be included in the portfolio – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, NEO, Stellar, Zcash and Cardano (ADA).
The main criterion for the revision is the dynamics of sentiments on Twitter: if it shows an increase in positive moods on one of the coins, then it is included in the portfolio, and the other cryptocurrency, losing optimism on Twitter, may disappear altogether. The share of a digital asset is also determined solely on the basis of sentiments expressed in cryptocurrency tweets.

Twitter post analysis technique

Obviously, when analyzing the information flow on Twitter, messages must be carefully filtered using Artificial Intelligence (AI) and word processing using Natural Language Processing and messages from various scammers and bots. There are also about 80 popular words in the cryptosphere that are actively used, but have several interpretations. So, for example, the name of the DASH altcoin is similar to the pronunciation of the special Dash browser API.
As a result, companies have developed 30 different metrics that measure a particular tweet. TIE co-founder Joshua Frank noted that if there are a lot of tweets from Twitter accounts in a certain period of time, in which messages usually rarely appear, then we can talk about a custom campaign to promote some kind of cryptocurrency, and such tweets are not included in the analysis .
Of the more than 850 million tweets published daily, about 50,000 posts are about cryptocurrencies, which are grouped by certain types of digital assets. It should be borne in mind that half of them are messages about bitcoin. At the same time, TheTIE-LongOnly CopyPortfolio filters out more than 90% of tweets, which are an obsessive promotion of any cryptocurrencies, or scam projects, as well as message bots.
There is also a certain pattern in the crypto community, according to which the adherents of a certain asset often write (and almost always positively) about their token. Accordingly, for the analysis of moods, it is not the volume of such tweets in relation to the total number of messages about other digital assets that is used, but the change in moods relative to some cryptocurrency in dynamics over the past seven days.
The analysis method was developed for seven years by Social Market Analytics (SMA), a co-owner of TIE. The corporation has compiled a dictionary with 100,000 linguistic units, and based on the analysis of the content of tweets that were passed through the cull filter, Twitter messages are rated based on the Raw Sentiment Score system.
This process takes place almost in real time: only 300 milliseconds pass between the time a tweet is posted on a social network and the end of its analysis.

New tool shows excellent results

This tool has already been tested by TIE for a limited number of private clients, as well as hedge funds, but now thanks to eToro it has become available to the general public. Testing of the algorithm began in October 2017 and showed that for every dollar invested, the investor received a net income (i.e. minus commissions) of 213.7%. The return on invested funds in bitcoin over the same time turned out to be noticeably more modest – 41.1%.
At the same time, retrospective dynamics, for example, for the current year, shows that such a portfolio in January “lost weight” by 17%, and in February, on the contrary, rose sharply to 410%, once again showing that cryptocurrency trading remains a highly risky type of trading operations, especially at short time distances. It is no coincidence that eToro and TIE emphasize that they have a portfolio that focuses on a long-term strategy for working in the cryptocurrency market.

Research on the correlation of Twitter sentiment and cryptocurrency market

Of course, studying the dynamics of moods on Twitter can be built not only on the SMA technique. Research data can also be found on other sites, for example, on the sites Cryptoswarmanalytics.com and Bitinfocharts.com. However, the fact that crypto traders should study the mood changes on Twitter, indicates a number of studies.
So, scientists at Stanford University, Stuart Colianni, Stephanie Rosales and Michael Signorotti decided to test the hypothesis that tweets can correlate not only with changes in stock market indices, but also with a decrease or decrease in the price of bitcoin. It turned out that the accuracy of predicting the dynamics of the price of bitcoin by the clock in this case is 59%.
A group of scientists from a number of scientific schools in the United States also thought about the impact of social media on changing the price of bitcoin. As a result of the study, they came to the conclusion that social media is an important indicator of bitcoin profitability in the future. Meanwhile, experts from Sweden, Linus Roxberg and Simon Shadman, pay attention to the fact that when analyzing the moods on social networks, it should be borne in mind that most of the cryptocurrency trading takes place in Asian countries, which means that it is worth giving more weight to social media messages. this region.
At the same time, a study conducted by another Swedish scientist, Evita Stenquist and Jacob Lenne, rightly indicates that one of the key factors in the accuracy of predictive patterns in the behavior of bitcoin prices is an analysis of the relevance of tweets that fall into the forecast. At the same time, their test model showed high accuracy in predicting the behavior of the price of bitcoin depending on the mood of messages on Twitter – 83% of the forecasts were correct. And across the cryptocurrency market, the test model worked with a slightly lower probability of a successful forecast – 79%.
All this suggests that difficulties in building accurate predictive models arise even when analyzing the oldest cryptocurrency – bitcoin, and when you turn on various other cryptocurrencies, they can increase. In addition, along with an increase in the flow of funds from institutional investors, the correlation of tweets and the dynamics of the cryptocurrency market may weaken.
But for now, one can agree with what eToro experts say:
“People’s moods are the most important driver for cryptocurrency price movements.”
Meanwhile, there is a nuance in using the assessment of such sentiments on Twitter: despite the system of rejecting irrelevant tweets, the head of marketing at Rice University Utpal Dolakia fears that Twitter messages can be used quite easily by traders to “raise prices” of cryptocurrencies.

Google Trends and Bitcoin

We cannot but pay attention to the indicators of the frequency of requests for a particular cryptocurrency in Google. For example, the lack of bitcoin in the new eToro and TIE product looks logical, given the fact that recently Google Trends shows a low level of requests for the word “bitcoin”. However, here traders need to consider two nuances:
  1. First of all, you need to remember that the cost of altcoins is moving significantly in the same direction as the price of bitcoin, which means that even if you do not include the first cryptocurrency in the cryptocurrency portfolio, you still need to make a forecast of its value.
  2. Secondly, the dynamics of Google Trends shows that while on June 26, for the first time in a year and a half, the price of bitcoin reached $ 13,000, this day turned out to be the most record one in terms of the number of requests to Google for the word “bitcoin”. However, an increase in the number of such requests could be observed as early as June 8.

Index of fear and greed

In addition to the presented portfolio with built-in tweet analysis tools, as well as Google Trends, in your investment strategies you can focus on the cryptocurrency indicator of the fear / greed index (Crypto Fear & Greed Index). When this index shows a high level of “fear”, this means that there is an opportunity to enter the cryptocurrency market. If “greed” dominates, then the market is likely to go down. Of course, this is a common tool for an investor, without advice for buying or selling a particular cryptocurrency. But given that with the growth of the cryptocurrency market, the cost of bitcoin also goes up, this indicator can be used as one of the tools for building an investment strategy based on the oldest cryptocurrency.
It is curious that the “fear / greed” indicator relies only on moods on social media for 15%, as it also has other interesting components, namely:

Significance of the Bitcointalk and Reddit Platforms

It is worth noting that, in addition to Twitter, there are other social platforms where there is an active discussion of cryptocurrency topics, in particular, Bitcointalk and Reddit. Despite being inferior to Twitter in influencing the mood of the crypto community, the correlation of messages on these platforms would also be worth analyzing. Attempts to do this have already been made by Augmento experts, who noted that FOMO (fear of missed opportunities) is most pronounced on Twitter and the Bitcointalk forum, but to a lesser extent on the Reddit website. Moreover, the rise in the cost of bitcoin in the first half of this year, analysts associated with an unusually large manifestation of FOMO on Bitcointalk.

The main conclusion from the discussion of cryptocurrencies

The study of what they wrote in social media and in the media, including classic ones, about cryptocurrencies was devoted to a large-scale study conducted by Comparitech and covering the period from January 2017 to July 2019. The main conclusion that can be drawn from this analysis is that at all sites where they talk about cryptocurrencies, most of the messages and articles carry a positive tone.
And this allows us to make the following important conclusion: a consensus has already been formed in the world that cryptocurrencies are a phenomenon that will develop and become one of the main factors shaping the future of mankind. This means that in the long run, those associated with this market are doomed to success.
submitted by btcxlab to algotrading [link] [comments]

Survey: Investors Likely to Flow Back to Gold; China Blockchain Euphoria Fading

Survey: Investors Likely to Flow Back to Gold; China Blockchain Euphoria Fading
According to a recent Twitter survey, Bitcoin investors are likely to turn to gold as the cryptocurrency’s most recent hype fizzles out, leaving losses in its wake. The poll, conducted by Novem Gold, reveals the extent of the disillusionment among BTC enthusiasts as prices remain largely suppressed in H2 2019.
This slump, however, is most alarming because it closely follows the sharp gains the coin had enjoyed after optimistic comments from the Chinese head of state regarding blockchain in October. The speech, widely regarded as a watershed moment for the cryptocurrency, could prove pivotal for Bitcoin and the crypto world. China’s massive population can single-handedly send the coin’s Bull Run back on track.
In his speech, Chinese President Xi Jinping referred to blockchain as “ an important breakthrough.” Before the statement, the prevailing sentiment was that the Chinese government was anti-blockchain. The primary signal came after its September 2017 banning of initial coin offerings (ICOs). The speech was therefore interpreted as a green light indicating that China was willing to embrace cryptocurrency trading in all its aspects, which would push Bitcoin prices once more to the moon.
China, for many years, has been the epicenter of blockchain and cryptocurrency activity. Before a large number of investors in other parts of the world grew accustomed to Bitcoin, China had already established itself as a mining hub. The East Asian nation has significantly contributed in many ways to the rise of the digital currency sector over the years.
As an illustration, as of 2017 the country’s insatiable need for crypto assets was almost 90% of crypto’s total global trading volumes. Shockingly, just a few months into 2018, this demand dipped below the 1% mark. This decline in demand also followed Bitcoin’s most significant price dip, which saw it go from a high of $19,800 to a low of $6,200 each in less than two months.

China is Pro Blockchain

The excitement over the Xi Jinping speech was therefore palpable in October when he said that his country would “seize the opportunity” that blockchain offers in research, standardization, and development. The Chinese President is the first leader of a global economic giant to make such friendly remarks towards a technology that is maligned by some of his peers.
If the government embraces cryptocurrencies, Chinese Bitcoin bulls would return and push prices through the roof. Following the unexpected speech, the price of Bitcoin temporarily surged, adding 40% after rallying to a high of $9,526 on November 4th.
Unfortunately, the rise halted and a consistent correction happened, lowering the value of the token to a $6,524 mark on November 25th, a much lower price than before the Xi effect. Bitcoin has, however, recouped some of its losses over the last few days, but it is still trading at half the price in comparison to June 2019.
The Chinese, in contrast to many other countries, have many advantages when it comes to cryptocurrency awareness. They have, for instance, long been aware of the virtues of speculation into new asset types. They are also more aware of virtual currencies and have, over time, developed cautionary optimism for digital currency regulation.
Tencent QQ’s reward program, for example, paid out in Q coins and had more than 221.4 million active users by 2006. Consequently, some of the earliest BTC adopters were Chinese. Bitcoin’s popularity in China also increased with the East Asian country’s rise to the position of the second most powerful economy on earth.
China’s 12-th strategic economic plan, released in 2011, was one of many development aspects aimed at the reduction of the poverty rampant in the nation’s rural zones. As a result of the economic success of this plan, China’s emerging middle class burst onto the scene, increasing the country’s domestic consumption from a low of 4% in 2000 to a high of 68% in 2012.
The money that was left over after savings were taken care of was channeled into speculative investing. Since this aspect of making money is a big part of the investment culture of the Chinese, the country’s investors took a quick liking to Bitcoin.
The Chinese, however, were not purchasing the digital asset for its privacy attributes but rather for its investment appeal. Unlike many Bitcoin enthusiasts in the West who love the digital currency for its P2P features, the Chinese adopted BT for its Gold 2.0 features. Speculating in gold is an investment activity most Chinese are accustomed to.
This difference is the reason why, when the Silk Road closed down, the Chinese market for crypto was hardly affected. In the West, however, the closure of the online black-market platform adversely affected Bitcoin prices.

BTC was Gold 2.0 to China

The interest in BTC investment in China rose even further with the loosening of the government’s tight grip on financial markets. At the time, Beijing was in the process of developing diverse financial markets for the new elite to invest in, such as derivatives. A strengthening economy with friendly regulations was just what the Bitcoin investment frenzy required.
With the creation of BTC mining hardware in 2013, the participation of the Chinese as miners and investors soared. New 2016 to 2017 crypto regulations, however, brought the Chinese crypto trading market to its knees because they quashed the ability to speculate in Gold 2.0.
Despite the death of crypto speculative trading, the Chinese crypto community is still very vibrant despite the stringent regulations around it. This resilience is especially visible in the area of blockchain application.
Such innovation is what the Xi Jinping government is promising to support, not decentralized cryptocurrencies that make it difficult for governments to control money as they wish. Since the pro-blockchain October speech, there has been a cascade of activity in the Chinese blockchain scene.
The Chinese central bank is, for instance, readying itself to release its Digital Currency Electronic Payment System. The People’s Bank of China intends to replace the use of fiat with the DCEP blockchain-based payments solution. This move would make the country the first major world economy to embrace a native digital currency.
With the launch of the digital payment systems, China would find it much easier to extend the influence of its monetary policy to the rest of the world. While Beijing has no regard for “censorship-resistant” and permission-less digital currencies — as they endanger capital controls — it is building its centralized digital currency to supplant Bitcoin.
This effort is a true testament to Bitcoin’s significance and the Chinese government’s appreciation that the world’s monetary system is dependent on technological advancements. Unlike the West, China has harnessed the power of internet connectivity without losing its control over freedom of expression. The economic giant is now strategizing ways that it can harness the power of blockchain, albeit minus its decentralized aspects.
It could be that the Chinese government’s interest in the blockchain is part of the drive to end the age of the USD. This is an opportunity to move the country past its dependence on US-owned foundational technologies. According to Xi China, through blockchain, will “take the leading position … occupy the commanding heights of innovation, and gain new industrial advantages.”
China, however, is determined to make its cryptocurrency more acceptable to the international and domestic markets than Bitcoin has ever been. The second-largest economy has been amassing massive amounts of gold, which analysts say will back its native digital currency.
A gold-backed digital currency is acceptable in any part of the world and will significantly enhance Beijing’s de-dollarization policy. It is therefore expected that the county will maintain its leading gold mining and buying positions in 2020, which should add more fuel to the ongoing global gold rally.
https://preview.redd.it/nc1l1mlcyq741.png?width=1200&format=png&auto=webp&s=3ea7c308c3e2e226d8eced72adabefba70d49a80
submitted by y0ujin to NovemGold [link] [comments]

Weekly Update: Welcome $INE to ParJar, 130k tips in 24 hours, XIO Startups Round I, Constellation mainnet... – 22 Nov - 28 Nov'19

Weekly Update: Welcome $INE to ParJar, 130k tips in 24 hours, XIO Startups Round I, Constellation mainnet... – 22 Nov - 28 Nov'19
Hi everyone! Here’s your week at Parachute + partners (22 Nov - 28 Nov'19):

In this week’s Parena, Light's Nervous Nightingale took home the grand prize of 25k $PAR. Here’s Cap and Ice at a Chainlink Offchain Protocol event to spread the word on ParJar. Benjamin hosted a trivia in TTR based on the 3rd edition of his "Foundations of Fantom" series. Chris will be hosting a Thanksgiving Fantasy Football contest next week with a 100k $PAR pot. Hot damn! This week’s Two-for-Tuesday by Gian had the theme: units of time. Cool! TTR embarked on a crazy tipping adventure that could have broken Telegram. With 150k $PAR on the line, it’s amazing how robustly ParJar performed amidst this madness. By the end of the day, they reached 130k tips. Amazeballs! Charlotte’s Math trivia was fun as always. In the latest #PFFL update shared by Andy, the folks who are into the playoffs are Hang, Clinton, Alexis, Andy and Chris. Nilz, Ken, Kamo, Connor and Cap will be clashing for the remaining playoff spot. In the #FPL update for Game Week 13 shared by LordHades, LH is still leading the table with NovelCloud and Alexis following closely behind. Doc Vic (from Cuba) hosted another Champions League wager in TTR this week. $INE, the native token of IntelliShare project, was added to ParJar this week. Welcome! For more on what’s in store for ParJar, make sure to read Cap’s biweekly digestive.
Lolarious stuff from Tito. Haha!
aXpire’s Bilr intro video explains how the platform works. The latest updates from the project can be seen here. This week’s $AXPR burn saw 20k tokens sent to the genesis address. CEO Gary Markham will be speaking at a Hedge Fund Association event on Digital Assets on the 11th of December in NYC. The new website is out as well. Few weeks back, 2gether CEO Ramón Ferraz attended a Cecabank event on Securities as a speaker which was covered by the news outlet Expansión. Here's the full article. And thanks guys for the shoutout to my Hackernoon article (which I wrote with my co-author Rohit) on 5 Must Have Crypto Asset Management Tools. Founding Partner Luis Estrada travelled to the Fintech Innovation Summit 2019 to talk all things crypto and blockchain. The first group of potential XIO incubatees were revealed this week. Both are familiar names for Parachuters. They are Uptrennd and Opacity. Voting will begin on the 6th of December. Learn more about Round One from Zachary’s explainer video and email. An early sentiment poll of $1UP vs $OPQ was also put up. This led to an interesting consideration: should all nominated startups be stakeable instead of making it a competition. Did you know the USD value of total $BOMB tokens burned till date was ~144k. That is insane! The first $XIO liquidity pool on Uniswap was also started this week. Watch the explainer video to see how it works. Looks like Shingo from Ethos will be dipping his feet in the pool too. This is essentially what Zachary refers to as Proof-of-Liquidity. In a bit of a sobering news, Wysker filed for bankruptcy last week. Running a startup is hard. Best wishes from the Parachute crew on your next journey. As a Black Friday Surprise, referral earnings on Birdchain will be more over this weekend. For other updates, watch the video by CEO Joao Martins.
The $XIO liquidity pool on Uniswap is a pretty ingenious solution for low marketcap projects
Few weeks back, we had shared that Fantom was hosting a blockchain challenge at the AfricArena 2019 Summit with XAR Network. Here’s a summary from the contest. Congratulations to HouseAfrica. The BUIDL contest announced few weeks back was expanded to increase the prize pool and include developers working on the Cosmos stack as well. Click here for the latest technical update. The Afghan Ministry of Health will be using Fantom's public chain to fight the menace of counterfeit drugs and for other public health initiatives. Read more about it here. The news was covered by Coinspeaker, CryptoDiffer, Gagarin News, ICO Analytics and Upblock. Upblock’s review report on the project (along with an $FTM giveway) was also published this week. Anybody still unclear with what Fantom does should definitely see this video made by Blockcove and read the Fantom Vision by CMO Michael Chen. In light of Uptrennd’s nomination to the XIO Incubator Round I, founder Jeff Kirdeikis hosted an AMA. Original Content is always appreciated on the platform and the video guide explains how to create one. When you rank up on the platform, your points get locked. 30% of all those locked up points are burned each month to increase scarcity. The 2020 roadmap looks exciting! An Opacity Economic Advisory Board will be set up soon to explore optimisation of $OPQ tokenomics. Read more about it here. The Hydro crew travelled to a FinTech Friday event hosted by Barclays in NYC this week. Check out the latest Hydro Labs dev update here. The project is one of the semi-finalists at MassChallenge FinTech to be held in December. Good Luck! PayTrie is the latest dApp to join the Hydro dApp store as a 3rd party partner. For the latest update on the store, click here.
Potluck at Hydro HQ on Thanksgiving
As part of Silent Notary’s new marketing push, the first advertising campaign kick started on masternodes.online and foundico.com. And another feature on The Bitcoin News. Don’t forget to make a note of the updates in $SNTR Telegram channels. As mentioned last week, Sentivate crew sat down for an AMA with The Gem Hunters this week. Here’s the transcript. P.S. It includes the first glimpse of Artifacts as promised. Click here and here for the first glimpses of the Mycro Hunter app. OST is looking for a Senior Product Manager to join their crew. Apply if you’re up for it. SelfKey fans, make sure to vote for your favourite dashboard setup on the platform. The team, travelled to the Asia Cryptocurrency Investment Forum in Bangkok this week. Hope you had an opportunity to say Hi if you were around. The Constellation mainnet, Hypergraph, will launch soon. But what happens to your ERC20 $DAG tokens? Fret not. The team will put out detailed instructions for the swap to mainnet. Here's an article and video to start with. VP Finance Mateo Gold goes into more details of the swap. New to Constellation? Watch this community-made video that explains what the project is all about. Like Fantom, Upblock also published a detailed review report on Constellation. Their AMA with Chainlink was this week. Next week’s Arena Match Raffle is sponsored by Space Misfits.
Winner of the next Arena Match Raffle will take home The Behemoth Blueprint worth ~USD 300
Catch up on the latest on District0x from the District Weekly. The District Registry was deployed to mainnet and has been running without hiccups. Read more about it in the Dev Update. The Nasdaq Composite was added to Pynk’s price prediction platform this week. Congratulations to Van P for winning the first Shuffle Raffle built by Trooper George. Harmony’s BEP2-ERC20 bridge now works both ways. The results of the 3 month survey from MBA researchers of UW Foster School exploring market readiness of Harmony are out. They indicate that the Credit Unions, Trade Finance and Mobile Data industries are ripe for disruption by Harmony. Go get’em! Harmony's Pangaea, an experimental game to interact with Harmony, development is progressing as scheduled. Harmony is now integrated with the IncognitoChain project which allows cryptocurrencies to be transacted privately using sidechains. Even those cryptos which are not primarily built as privacy coins. Noice! Click here to find out how to transact $ONE tokens privately. CEO Stephen Tse’s yearly review of updates will be a lifesaver for anyone who’s missed all Harmony news so far.

And with that, it’s a wrap. See you again soon. Cheers!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Komodo's 2.0 Infographic Contest: 5,000 KMD Grand Prize!

Komodo's 2.0 Infographic Contest: 5,000 KMD Grand Prize!

https://preview.redd.it/0yq7rwnkjdq11.png?width=1500&format=png&auto=webp&s=950dd49d7e1f7f1e421f7074bd030aec064e6ac7
A total prize pool of 7,000 KMD in our infographic contest
Calling all creatives to take part in our infographic contest and compete for a prize of 7,000 KMD. The winning infographic will explain the architecture of Komodo Platform’s technology. Winners will be those who are able to communicate our architecture and tech visually. This contest will run primarily on Reddit, with the exception of resources being posted to Medium and a master twitter thread for submissions on Twitter. You'll find links at the bottom of this post.

Prizes for winning infographics.

Are you a creative designer? Here's what you can win…
  1. A grand prize of 5,000 KMD
  2. Two runner-up prizes of 500 KMD each
  3. Two third-place prizes of 250 KMD each

Prizes for sharing and giving feedback!

Not a designer? That's OK. You can still participate and win! We'll award five lucky winners 100 KMD each for sharing and promoting the contest. Winners will be picked in a raffle. If you'd like to take part click here https://gleam.io/MwMtO/komodos-20-infographic-contest-5000-kmd-grand-prize and share this post with your friends.

Your Goals

  • Create a high-quality infographic that illustrates the genesis of our platform, the working tech that has been created and how Komodo has been built differently, and deliberately, from the very beginning to ensure security, scalability and interoperability. This is why we refer to the architecture, because Komodo was designed to overcome common problems like congestion, governance and attacks that other platforms did not foresee or prevent, from the beginning. This is Komodo DNA.
  • Share your submission far and wide and encourage your friends and followers to vote for you.
  • Encourage feedback, ask questions and make your infographic the best that it can be.

Our Criteria to Judge

Please note that upvotes and shares are not the only criteria we'll use to judge winners. While useful, we will value creativity, good questions and discussion on Reddit highly. When sharing your posts you will score more highly if people comment, provide feedback and are engaged.
  • How well the infographic conveys our working tech, it's core concepts and plans to build on top of it.
  • How well the infographic illustrates our story, purpose and conveys our tech so that it's easy to understand.
  • Constructive discussion, questions and feedback on Reddit that lead to improvement.
  • Sentiment and comments generated across all our social media. This will not include vanity metrics like likes or shares.
  • Upvotes on Reddit for the author's submission post ONLY. All votes will be counted (i.e. doesn't matter which week they were made).
  • Retweets of the submission in our master thread ONLY. Include your handle and a cover image in your submission. This means if you promote yourself on Twitter you ought to promote the tweet with your work in it.

How do you win?

You may submit up to two infographics. By submitting an infographic, you understand Komodo may post and use your submissions on our digital channels during and after the contest. Each infographic must have it's own post.
  • Create a post on Komodo's subreddit using the 'infographic contest' flair.
  • Add the infographic image into the Reddit post.
  • Include your Twitter handle.
  • Include a social media friendly cover image for us to use when we tweet your submission out.
  • Post a link to your submission post here in the comments for all to see.

Contest Timeline Guide (these dates indicative and are subject to change).

  • 7th September. Announcement. If you're reading this on Reddit before the big announcement then well done! You have two extra days before this is announced on Friday.
  • 10th - 21st September. Research and Questions. We will promote the contest, invite questions and requests for resources, in the comments of this master Reddit post (because this means all information and good questions will be visible to all participants).
  • 22nd September. Draft Submissions. Creatives to submit their draft infographics on Reddit. All submissions need to have their own post and then be linked to in the comments of this master post. This is important to remember!
  • 24th - 30th September. Feedback. A period of one week will be devoted to promoting the submissions and asking the community and team to give you feedback.
  • 1st October. Final Submissions.
  • 2nd - 8th October. Voting. A week of promoting your work and at the end we'll count votes, consider feedback and pick our winners.
  • 15th October. Winners Declared. The final decision by judges. Votes and community feedback counts towards judging but do not have final say.

Resources

If you need help please post in this thread, or email [[email protected]](mailto:[email protected]) with ‘Infographic Contest’ in the subject line.
  1. A list of resources for the Komodo infographic contest including tools to create infographics.
  2. Komodo Platform: Redefining The Architecture Of Blockchain Platforms
  3. A bullet point study aid to help you understand the history of Komodo’s architecture.
  4. Logo Pack https://komodoplatform.com/wp-content/uploads/2018/03/Komodo-Logo-Pack.zip
  5. Mylo's notes on Software & Platform Architecture for Designers in the Infographic Contest
  6. Mylo's Conceptual Model of Architecture
  7. Video: A brief history of our working tech and an animated timeline of the Komodo Platform.
  8. Video: Komodo Atomic Swaps Explained.
Also please let us know if you are, or you know, a good GUI developer because we'd love to hear from them. Ask them to DM ca333#0118 or SHossain#8093 on Discord.

Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.

25/09/18 - First Round of Feedback

Infographics should use graphical design elements to visually represent the Komodo Architecture Story found here: https://komodoplatform.com/komodo-platform-a-brief-overview/ included in our ‘required reading’. There’s also a bullet point aid: https://medium.com/@benohanlon/bullet-point-aid-to-help-you-the-history-of-komodos-architecture-dced35b29965 you may find useful.
  • We want to stress that the infographic ought to focus on the Architecture story. In the first round we've found many have focused on the five pillars which is a part of it but not the focus.
  • Copy should be short and concise and not dominate the infographic. The idea is to simplify the story and not to copy and paste directly from the story.
  • Colour Palette - avoid heavy usage of the old KMD green and yellow-orange. Would prefer usage of the interim KMD colour palette.
  • Recommended fonts: Montseratt, Roboto, Open Sans, Helvetica, or Arial.
  • Graphical - Imagery should complement the associated copy. Diagrams are encouraged in place of simple icons to explain more complex technology concepts.
  • Interim KMD colour palette
Interim KMD Colour Palette
If you’ve not been included in the first round it’s because the submission hadn’t been made when the team reviewed. Don’t worry though because we’re organising hangouts and further feedback to help.
  • #001 Infographic Link // Reddit Post Link by thesudio. There’s a lot of good points made, however, these would work better if there is a clear narrative and flow to the information being presented. Otherwise, it can be overwhelming and confusing to the reader. The #1 objective is to visually depict the architecture story and how KMD is redefining blockchain platform architecture.
  • #002 Infographic Link // Reddit Post Link by thesudio. We like that there is a clear structure and clear messaging aligned to each of the 5 pillars. However, the infographic should be focused on telling the architecture story vs the pillars.
  • #003 Infographic Link // Reddit Post Link by VolsenVols. Love how you’ve incorporated our existing graphic design elements into the infographic. This is heading in the right direction and the level of copy and content are well balanced. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
  • #004 Infographic Link // Reddit Post Link by dexter_laabo. Needs to tell the architecture story. This looks more like it took information from our current website. “Anonymous” is not a key aspect of our technology that we’re focusing on.
  • #005 Infographic Link // Reddit Post Link by savandra. The visuals are strong but the narrative could be stronger. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
  • #006 Infographic Link // Reddit Post Link by VolsenVols. Team prefers the other submission style in entry #003.
  • #007 Infographic Link // Reddit Post Link by cryptol1. Doesn’t depict the architecture narrative. Inaccurately describes cross-chain tech as “proprietary”. Simplification has the wrong messaging associated, should be white-label focused. This is considered more of a graphics versus an infographic. Needs to be more comprehensive.
  • #008 Infographic Link // Reddit Post Link by pacosenda. We like the unique design style and approach taken. Doesn’t follow the architecture narrative. Should be expanded out as it is a bit short on content with no clear flow or narrative.
  • #009 Infographic Link // Reddit Post Link by jeanetteLine. Great level of detail and thought on the layout and content. Doesn’t, however, cover the architecture story. Would be preferred if the design direction reflects interim colour and style vs. legacy KMD. The roadmap should be avoided. Looks like they borrowed more from the website than the guidelines.
  • #010 Infographic Link // Reddit Post Link by Meyse. Very creative way to explain and layout the content. This could be expanded out more to encompass the entire architecture story. Cross-chain verifications/smart contracts, blockchain bridging need to be incorporated in.
  • #011 Infographic Link // Reddit Post Link by Brenny431. Follows the 5 pillars versus the architecture story. Would prefer stronger visuals and design elements.
  • #012 Infographic Link // Reddit Post Link by ProofDraw. Design elements are good but need to follow architecture story versus 5 pillars.
  • #013 Infographic Link // Reddit Post Link by sayonara_girl. Needs to follow the architecture story.
  • #014 Infographic Link // Reddit Post Link by Limiter02. Good thought has gone into the copy, however, there’s way too much of it. Would prefer stronger visuals and utilizing a more visual storytelling approach. Doesn’t follow the architecture story. Remove the lizard.
  • #015 Infographic Link // Reddit Post Link by piptothemoon. Great thought into visually representing key points. Needs to be expanded out to incorporate the architecture story, but this is heading in the right direction from a visual storytelling POV.
  • #016 Infographic Link // Reddit Post Link by thecryptofoundation. Love the timeline approach, and mostly followed the guidelines and architecture story. Also, like the incorporation of accomplishments at the end. Would like to get the stock imagery used to reflect our interim colour palette. Not all visuals match what is being represented in the copy.
  • #017 Infographic Link // Reddit Post Link by jsteneros. As discussed in the Zoom call, this graphic is really solid but a little heavy on the copy. Would be good to see more visualizations of the info. This graphic hits on some of the important messages (e.g. Komodo is built differently from other blockchain platforms and solves many of the issues that first-gen platforms are struggling with) but it would be great if there was more information about Komodo’s architecture and how Komodo is different from other platforms.
  • #018 Infographic Link // Reddit Post Link by gravigocrypto. This one was also discussed in the Zoom call. Outstanding visuals and overall design. The info follows the architecture story well but could be stronger if the 3 layers of Komodo’s architecture were tied together into one, coherent visual. It’s a challenging task but that’s part of the contest : )
  • #019 Infographic Link // Reddit Post Link by PacoSenda. This is a really creative infographic, which is great! However, we’d really like to see the visuals a bit more in line with fonts and color palette described above in the “First Round of Feedback” section. Also, as with the feedback for many of the infographic submissions, sticking to the Komodo architecture story would be best.
  • #020 Infographic Link // Reddit Post Link by emmanmalaman. The visuals are pretty cool but this one misses most of our core messaging. It would be much stronger if it followed the architecture story and touched on the info provided in this post. There’s definitely potential here but it needs some work.
  • #021 Infographic Link // Reddit Post Link by immimidada. The colors and visuals here are spot-on. It’s also really great that it sets up the problem and then presents the Komodo solution. However, the problem and solution aren’t defined exactly the way we’d like. Check out the architecture narrative to learn more, and try to follow that story a bit more closely.
  • #022 Infographic Link // Reddit Post Link by mohitgfx3. This one is a bit heavy on the KMD logos. We’re really hoping to see a visualization of Komodo’s infrastructure architecture. As with the feedback for many of the infographics, it would be best to re-read Komodo’s architecture story and try to stick to that as much as possible. Using images from the current website is also not a great approach, as we’re preparing to launch a new site in the coming months.
  • #023 Infographic Link // Reddit Post Link by u/sayonara_girl. Some of the visuals are cool! It’s missing the narrative we’re looking for. In general, less copy and more visual storytelling would improve this graphic a lot. We’d like to see a smooth, linear flow of information. Take another look at the architecture story and try to follow that narrative.
  • #024 Infographic Link // Reddit Post Link by brunopugens. This one follows the narrative well! But it’s a little heavy on the copy. It would be much stronger if the architecture was displayed visually, rather than explained with text. Also, the design is cool but it’s difficult to read b/c the perspective of the text is skewed. It’s a really cool idea but might be better to put the text flat for the sake of readability and clarity.

We hosted a round of live feedback sessions via Zoom. The recording is here:

https://soundcloud.com/blockchainists/zoom-call-first-round-of-feedback-for-komodos-infographic-contest#t=3:50

Timeline

The first block in the KMD blockchain was mined just under two years ago, on September 13, 2016 to 9:04 PM. Since then, Komodo has demonstrated a commitment to innovation and established a history of execution.
  • February 21, 2016 — The vision for Komodo Platform is born with jl777’s Declaration of Independence.
  • September 13, 2016 — The first block in the KMD chain is mined.
  • October 15, 2016 — Komodo’s initial coin offering (ICO) is launched.
  • November 20, 2016 — Komodo’s ICO comes to a close with a total of 2,639 BTC raised.
  • January 2017 — The Komodo Mainnet is launched, complete with independent assetchains and delayed Proof of Work security.
  • January 31, 2017 — The KMD coins purchased in the ICO are issued.
  • March 2017 — Komodo’s development team develops one of the first atomic swap protocols.
  • July 2017 — Thousands of atomic swaps are made in a public, observable setting.
  • August 2017 — Private, zero-knowledge trades made possible with Jumblr, Komodo’s native shuffler.
  • October 2017 — Komodo develops a way to make atomic swaps in SPV Mode (“Lite Mode”), thus eliminating the need for traders to download entire blockchains to do atomic swaps.
  • November 2017 — First GUI for Komodo’s atomic-swap-powered decentralized exchange (DEX) is released, making atomic swap trading more accessible than ever before.
  • January 2018 — The mobile version of Agama wallet is released.
  • February 2018 — A public stress test allows 13,900 atomic swaps in a 48 hour period.
  • March 2018Komodo bridges the gap between Bitcoin-protocol-based coins and Ethereum-based ERC-20 tokens, providing support for 95% of coins and tokens in existence.
  • March 2018 — Komodo holds its second annual Notary Node Elections.
  • May 2018 — The world’s first decentralized ICO is held on Komodo Platform.
  • June 2018 — The alpha release of HyperDEX, a new GUI for Komodo’s decentralized exchange, is launched.
  • July 2018 — Komodo enters a partnership with Netcoins, making KMD coins available for purchase with fiat currencies at over 21,000 locations across three continents.
  • July 2018 — Komodo announces the 5 Pillars of Blockchain technology and begins introducing some Komodo 2.0 technology features, like Federated Multi-Chain Syncing and Cross-Chain Smart Contracts.
  • August 2018 — Komodo takes two big steps towards mass adoption, announces a collaboration with Ideas By Nature, an industry-leading blockchain agency, and releases a full briefing on the development on UTXO-based smart contracts.

Achievements

  • Cryptomiso.com is a website that ranks 866 different blockchain projects according to the Github commit history of that project’s most popular repo. Komodo is ranked #1 overall for Github commits over the last 12 months.
  • China's Ministry Research Initiative regularly ranks Komodo in the top 10.
  • Binance CEO highlights Komodo (see this Five Bullet Friday edition for more info).

If you would like to update your post, please edit and add to the post so people can see the different iterations. Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.

submitted by benohanlon to komodoplatform [link] [comments]

Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears

Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears


Fears of a U.S. recession have resurfaced over the last two days and the resulting risk aversion is bringing a boost to gold. For bitcoin, though, it’s a different story.
The U.S. Institute of Supply Management said Tuesday its manufacturing index fell to a 10-year low of 47.8 percent last month from 49.1 percent in August. A below-50 reading indicates contraction in manufacturing activity.
The gloomy data suggests a boosted risk of a recession in 2020, as seen in the chart below tweeted by popular analyst Holger Zschaepitz.

  • The probability of the U.S. economy falling into a recession next year is now greater than 40 percent.
  • The Treasury yield curve (U.S. bonds) is pricing in a 60 percent chance of recession, according to the JPMorgan data.
The threat of a recession has sent global equities lower. Notably, the Dow Jones Industrial Average plummeted more than 450 points in day two of a sell-off.
Meanwhile, gold has risen from $1,460 to $1,500 per ounce in the last 48 hours and is now looking to extend gains. The yellow metal, a classic safe haven asset, is clearly benefiting from the recession concerns and the resulting risk aversion.
Bitcoin, however, has been largely trapped in a $8,200–$8,500 range since Tuesday. In fact, the top cryptocurrency’s bounce from recent lows near $7,700 has run out of steam near the 200-day moving average (MA) resistance at $8,483 over the last 48 hours.
The lack of demand for bitcoin as a safe haven asset amid the economic worries appears to contradict the argument often put forward by many observers that the cryptocurrency is digital gold.
Many investors also consider BTC as a store of value and a hedge against the aggressive expansionary monetary policies adopted by the major central banks. The odds of Federal Reserve delivering 2019’s third interest rate cut in October have gone up from 40 to 64 percent over the last two days, according to CME’s FedWatch tool.
Even so, BTC is struggling to find bids. In fact, the cryptocurrency fell from $10,000 to $8,000 in September despite the European Central Bank’s decision to cut rates by 10 basis points to -0.50 percent.
These factors suggest BTC is yet to take over the role of a classic safe haven and remains a largely uncorrelated asset.
The situation may change in the future, though, if traditional investor participation in the cryptocurrency market increases. After all, BTC seems to have all the properties of haven assets. For instance, it is not linked to government currencies and is deflationary in nature, which gives it an innate value, like rare metals, as noted by Reuters.
As for the next 24 hours, the probability of BTC falling below $8,000 is high, as per the technical charts.

Daily and 4-hour charts


On Tuesday, bitcoin created a doji candle — a sign of indecision — at the 200-day moving average, aborting the corrective bounce from recent lows near $7,700.
A convincing move above the 200-day MA, currently at $8,483, would invite stronger buying pressure, as discussed earlier this week.
A break above the key average looks unlikely, however, as the 4-hour chart (above right) is reporting a failed double bottom breakout — Tuesday’s move above the trendline was short-lived. The failed breakout indicates the sentiment is still quite bearish and validates the price-negative readings on the longer duration indicators.
The 4-hour chart relative strength index has fallen back below 50, indicating bearish conditions. As a result, a fall back to levels below $8,000 looks likely.
If the 200-day MA is breached, a quick move to$8,900 could be seen, as the daily chart MACD histogram is producing higher lows — a sign of weakening bearish momentum.
Overall, the outlook will remain bearish as long as prices are trading below $9,097.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Bitcoin image via CoinDesk Archives; charts by Trading View
submitted by GTE_IO to u/GTE_IO [link] [comments]

The Unexpected Effects Of The Litecoin Halving

The Unexpected Effects Of The Litecoin Halving

https://preview.redd.it/1q15ikocxql31.jpg?width=8334&format=pjpg&auto=webp&s=d939ccdb90b3e58a86a52bdf1baf90d6a51d042a
Litecoin experienced its second halving on 5 August 2019. This means that the rewards for producing a block on the Litecoin network are now 12.5 LTC, half of the previous 25 LTC reward. Halving on the Litecoin network occurs roughly every four years. What usually interests users is the overall effect that a halving has on a network. Hence, the question, what were the unexpected effects of the Litecoin halving?
Coin halving is usually a big occasion for cryptocurrency users, for miners and traders alike. The halving event is a major fundamental indicator to price and other elements within the network of the concerned cryptocurrency.
Pre-Halving Analysis of Litecoin (LTC)
Analyses and predictions come ahead of the halving of any given cryptocurrency. This was the same with Litecoin as many members of its community expected that there would be a surge in price for the first fork of Bitcoin.
Ahead of the event, even the creator of Litecoin (LTC), Charlie Lee, explained why he expected the price of Litecoin to go up after halving. Away from organic reasons, Lee tied his expectations to community sentiments. He explained how the behaviour of people will determine price movement, rather than actual economic factors of demand and supply.
He said;
“So a lot of people are buying in because they expect the price to go up and that’s kind of a self-fulfilling prophecy. So, because they’re buying in, the price does actually go up.”
So, did Litecoin price actually go up after halving?
At the beginning of 2019, LTC around $30. This was as a result of the general bear market that greeted the crypto industry after the ICO boom of 2017. From boom to present, Litecoin dropped from an all time high price of $375. As the market picked up after Q1 2019, Litecoin also joined the recovery trend trading around the $100 region before dropping below it ahead of the impending halving.
The Litecoin Halving Effect
Just before the halving, the Litecoin price was at $79. As the news broke of the halving the Litecoin price jumped to $100. This is the initial answer to the question “how has the halving affected Litecoin”. The surge did not last though, as soon afterwards, a retracement kicked in and overall market sentiments seemed to overshadow the effects of the halving.
Halving implies that the reward for miners in producing a bock drops by 50%. The amount of work involved does not change, nor does the electricity consumed. Therefore, many miners seem to go out of business when halving occurs. Some of the smaller miners who may not be able to keep up with the cost implications may go out of business and engage is selling off a part of their holdings. This could lead to a bear market in the short run.
A contrary view suggests that the decreasing supply of Litecoin in this case will create scarcity. By economic laws, this means that there will be increased demand for the Litecoin, hence engineering a hike in the price.
No matter your position on the argument, you must consider the overall market conditions as well, especially with respect to Bitcoin, the pioneer of cryptocurrency. For instance, a few weeks after the Litecoin halving, when a lot of people expected prices to soar higher, it fell below the pre-halving mark. At the time of writing, the Litecoin price is around $70.

https://preview.redd.it/6xhrdijfxql31.jpg?width=4039&format=pjpg&auto=webp&s=667531993aa93c7844d400f46bb6c2a9f18113e6
What’s Next After The Unexpected Effects Of The Litecoin Halving?
The prevailing sentiment is that funds are currently moving away from altcoins into Bitcoin at the moment. Proof of which lies in the Bitcoin dominance which stands at 69%, at the time of writing.
In this industry, everything is usually factored into the price of the token; hashrate, mining difficulty, community sentiment and other elements. Therefore, if you want to understand the market conditions, you need to consider a robust approach that involves numerous factors.
Price is a product of demand and supply. However, other factors which most industry participants consider to be temporary have suppressed the Litecoin price so far. Many traders are using this opportunity to jump into the market, using peer-to-peer platforms like Vertex.Market to purchase Litecoin at its suppressed price. This is in anticipation of an eventual response to the natural forces of demand and supply.
In paying attention to the unexpected effects of the Litecoin halving, it is very clear that a wide perspective must be assumed, and the analysis must also consider a long term effect. Hence, at the time of writing, we may not assume that the effect of the Litecoin halving has fully kicked in. Until the Bitcoin dominance subsides, the crypto market will still maintain a partial lopsided outlook.
https://medium.com/@official_83664/the-unexpected-effects-of-the-litecoin-halving-a6c8fde3c62a
submitted by Vertex-ICO to Vertexmarketplace [link] [comments]

BITCOIN Sentiment TOO BEARISH? One Final DUMP Possible Before MASSIVE BTC RALLY!? Reading Bitcoin Sentiment  Long vs Short Positions Bitcoin Sentiment: By Time and by Price Reading Bitcoin Sentiment  Practice makes Perfect Bitcoin Price Prediction using Sentiment Analysis

The entire Bitcoin run up from 5.5K to 20K in a month, saw extreme bullish sentiment during the entire run. New money kept pouring into the market, combined with likely manipulation. This allowed the market to continue to push higher despite being at a sentiment extreme for a very long time. Second in the top three tools for checking the Bitcoin sentiment is the Bulls & Bears Index created by Augmento. This social media sentiment indicator shows how bullish or bearish conversations about Bitcoin are becoming on platforms such as Twitter, Reddit and BitcoinTalk. 🚨#BTC bullish sentiment broke pre-crisis levels. Bitcoin Sentiment Index (BSI), a financial index that collects user opinions on bitcoin that are published on internet blogs, IRC channels and on social networks such as Twitter and Facebook. These opinions are analyzed by an computer linguistic engine to recognize the emotional undertone behind every opinion. Bias And Sentiment Strength (BASS) Indicator is designed to be a quick visualization as to the market strength. Pair with Alligator, MACD, or Moving Average lines on your chart for good results. How to use this indicator: Blue above 0 is positive sentiment, red below 0 is negative sentiment. If you have blue above and red below, be cautious! We provide tools to help you analyze crypto markets and find data-driven opportunities to optimize your investing. Santiment is a behavior analytics platform for cryptocurrencies, sourcing on-chain, social and development information on 900+ coins.

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BITCOIN Sentiment TOO BEARISH? One Final DUMP Possible Before MASSIVE BTC RALLY!?

This video showcases 10 charts of Bitcoin overlayed with long and short Sentiment data to improve your practice with gauging sentiment. Sentiment Cheat Sheet: https://goo.gl/6gdtUr Timeframes ... #Bitcoin sentiment is extremely bearish right now. Maybe a little too much so? One final shakeout possible before massive $BTC rally, why #BTC will never hit... Social Sentiment and Bitcoin: Read the Crowd - Duration: 19:06. Bitcoin Trading Challenge 1,766 views. 19:06. How The Economic Machine Works by Ray Dalio - Duration: 31:00. The first video in my sentiment reading series. This video covers how to analyze long vs short margin positions using two rules. The 60%/40% rule and the position spike rule. Sentiment Cheat Sheet ... This video covers how top traders and retail traders acted both before and after the large BTC drop and also provides potential price movements that could happen in the near future. Here is the ...

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