Here’s How Stock Market Turbulence Could Crush Bitcoin ...

05-17 12:14 - 'Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era' (marketwatch.com) by /u/hey_its_me_god removed from /r/Bitcoin within 22-32min

Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era
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04-22 08:54 - 'Anyone who got bilk or unit bitcoin for sale,please kindly mesaage me....I need bitcoin for stocking,please seriously seller only..' by /u/stacy_morris31 removed from /r/Bitcoin within 463-473min

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Anyone who got bilk or unit bitcoin for sale,please kindly mesaage me....I need bitcoin for stocking,please seriously seller only..
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03-15 22:55 - '(very bad) U.S. Stock Futures Tumble to Limit Down After Fed Moves' (self.Bitcoin) by /u/garchmodel removed from /r/Bitcoin within 25-35min

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we arrrrrre faaaauck
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(very bad) U.S. Stock Futures Tumble to Limit Down After Fed Moves
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03-14 22:14 - 'Why is bitcoin going down like a stock while gold is going up.' (self.Bitcoin) by /u/bludevilz001 removed from /r/Bitcoin within 98-108min

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Why is bitcoin going down like a stock while gold is going up.
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GBTC Stock: Is This Bitcoin Stock Market Play A Buy Right Now? (current BTC/USD price is $7,349.22)

Latest Bitcoin News:
GBTC Stock: Is This Bitcoin Stock Market Play A Buy Right Now?
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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12-16 22:14 - 'I think this largely has to do with how well the stock market is doing. The new trade deals and prospects of trade deals and the Fed keeps pumping money in and the Fed is keeping rates low which makes for a pretty stable marke...' by /u/SirRadDad removed from /r/Bitcoin within 8-18min

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I think this largely has to do with how well the stock market is doing. The new trade deals and prospects of trade deals and the Fed keeps pumping money in and the Fed is keeping rates low which makes for a pretty stable market with good returns. The strong market is more attractive than crypto is right now from a short-medium range investing standpoint.
I love crypto, but its speculative still. Why risk lots of money when there is profit to be had at lower risk? I think crypto will turn around once the market weakens, but in the current times, crypto prices being unstable keeps buyers away which makes prices more unstable, and so on. I keep buying and holding my xrp, but that's my speculative spending and i am dollar cost averaging.
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11-22 01:33 - 'I lost .14% in the stock market today.' (self.Bitcoin) by /u/normantwain removed from /r/Bitcoin within 195-205min

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How was your day?
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I lost .14% in the stock market today.
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BitcoinMeister - This week in Bitcoin- 11-22-2019- How to get a crypto job! Challenging $100trillion stock-to-flow

BitcoinMeister - This week in Bitcoin- 11-22-2019- How to get a crypto job! Challenging $100trillion stock-to-flow submitted by Yanlii to cryptovideos [link] [comments]

09-09 22:53 - 'Low Stock on GRIN Miners ( Innosilicon G32-Mini, G32-500, G32-1800)' (bitindigi.asia) by /u/bitindigii removed from /r/Bitcoin within 3-13min

Low Stock on GRIN Miners ( Innosilicon G32-Mini, G32-500, G32-1800)
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08-22 09:33 - 'Upcoming tutorials on personal finance management and investments in stocks and cryptocurrencies' (self.Bitcoin) by /u/johnnythefinancier removed from /r/Bitcoin within 877-887min

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JohnnytheFinancier will offer a different ways of getting rich and managing your personal finance in order to achieve that first million dollars much quicker! Stay tuned for upcoming methods and strategies! Every new subscriber will help to create a new trend in making money!
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Upcoming tutorials on personal finance management and investments in stocks and cryptocurrencies
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Bakkt, an Atlanta-based subsidiary of the Intercontinental Exchange (ICE), an American firm that owns the New York Stock Exchange, will begin user acceptance testing for its Bitcoin futures contracts on July 22, 2019.

Bakkt, an Atlanta-based subsidiary of the Intercontinental Exchange (ICE), an American firm that owns the New York Stock Exchange, will begin user acceptance testing for its Bitcoin futures contracts on July 22, 2019. submitted by Blockchain_Techie to CryptoNews [link] [comments]

08-07 22:13 - 'Bitcoin Up 8%, While Big-Tech Stocks Lose $162 Billion - Blockspectator' (blockspectator.com) by /u/miahs123 removed from /r/Bitcoin within 119-129min

Bitcoin Up 8%, While Big-Tech Stocks Lose $162 Billion - Blockspectator
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If shit goes south, where are we looking at hiding out?

As title says, if shit goes south - where we all looking at hiding out?
The U.S market is starting to lose momentum, stimulus drying up, and shit starting to look like it may take another dive.
Great Depression had a crash and then recovered and then dove straight into the Depression. Same happened with the Dotcom, it crashed recovered and then dove like a motherfucker. There’s a possibility that shit is going to go south again. When/if it does, what shares you all buying after the dip licks our toes? If we all stick to one or two instead of scattering like ants we can come out rich af
submitted by spritefire to ASX_Bets [link] [comments]

This is it.

I don't plan to sell ANY bitcoin for USD in the future. Instead, I will take bank loans against my bitcoin, using the btc as collateral and purchase more rental properties. Then, mortgage/refinance the property, and use that cash to pay back the bank for my bitcoin loan. Rinse and repeat, etc. Get more renters and properties, and with the cash flow, pay off the mortgages and buy more bitcoin.
Remember kids, you pay capital gains tax when you sell your bitcoin. Take a low interest loan instead and use the loan to buy cash flow generating assets. Use your money to make more money, pay as few taxes as possible, and buy more bitcoin.
I don't feel confident holding fiat cash, especially considering the USD money supply increased by 22% in year 2020 alone. I don't feel confident investing in the stock market with the state of the current economy, the aftermath and ongoing problems related to covid, and the incompetence of government handling stimulus.
Now that macro investors like Paul Tudor Jones and companies like MicroStrategy and Square are making heavy moves into bitcoin, it makes sense to me now more than ever. I was feeling these kinds of investors and institutions were gonna come in eventually, and now it's finally happening. Obviously, its still early, more companies need to join in too. I have a feeling they will.
I’ve been in for a long time. Im not a newbie in the space. I don't see a better monetary instrument to bet on in this moment.
Im completely open and willing to be wrong, but I really don't think I am.
Edit: thanks for everyone’s comments. I’m Learning a ton. This was the sounding board I was hoping for.
Don’t worry, I’m not gonna do anything super risky. I don’t plan to ever be liquidated. I’ll continue to do more due diligence. These were just some ideas that I was stewing on, and since I don’t know any bitcoiners in real life, getting this feedback is super valuable to me. Cheers
submitted by SpockSays to Bitcoin [link] [comments]

(22 m) Looking to start investing $20-$50 every week. Bitcoin, ethereum, stocks (via stash or acorns app), or just save?

I make regular money every week and have my debts under control. I'm interested in putting a little aside every week to try and grow a nice savings that I can dip into if needed but optimally to just let grow. I know a little about crypto-currencies but am not interested in mining. I know virtually nothing about stocks beyond the basics of what they are so I'd like to use an app, either one I listed or a recommended one. I put into a 401k through work but that's for much later. Id like to do something I can watch grow every week. Obviously the bitcoin and ethereum subreddits would be a little biased so I appreciate any advice I can get here. Thanks!
submitted by JudgeMarkus to personalfinance [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

01-14 22:33 - 'No you called your friends stupid because they’d not invested in the stock market which is the same thing “MAN.” / I’m the guy who mined 5000 BTC in early 2011. / I’ve sold 2500 to date, / I gave 1000 away to people I...' by /u/whenthefogclears removed from /r/Bitcoin within 81-91min

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No you called your friends stupid because they’d not invested in the stock market which is the same thing “MAN.”
I’m the guy who mined 5000 BTC in early 2011.
I’ve sold 2500 to date,
I gave 1000 away to people I know.
And I hold the rest, not really sure what you’re saying, just some anus who thinks he knows more or has more probably.
Look I don’t think bitcoin is what most others do, I never did, I’ve always known there was money to be made, because I knew it was a pyramid scheme, and since 2011 I’ve been proven right, but I’ve always believed it will fail eventually, that’s not to say I don’t think another coin will take its place because it will.
First mover advantage is often, a flaw, most first movers eventually find out something takes their market share with a better product, I piss myself talking to some people on here, mis informed, think their wealthy because they own 5 bitcoins, know fuck all about economics, or even how money works, which one are you.
Oh wait I’m joking as I don’t give a fuck.
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11-23 22:03 - 'EU and USA fresh credit cards fullz and physical cards in stock for sale! :) refunds if cc balance is less than 300$' (self.Bitcoin) by /u/THC-vendor removed from /r/Bitcoin within 8-18min

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Hello. on 13/11 2018 i got new fresh cc fullz above 300$ and few physical cards with
PIN above 1000$ in stock for a good price. With your purchase i add working premium SOCKS5 list. Refunds are given if credit card is dead in 24 hours or has less balance than 300$. Physical cards can be shipped to EU or US with tracking.

If you are interested in buying some, contact me on wickrme:
I accept payments with PayPal and Bitcoin.
Have a nice carding. ;)
'''
EU and USA fresh credit cards fullz and physical cards in stock for sale! :) refunds if cc balance is less than 300$
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11-22 16:03 - 'Free Complete Excel for Finance and Stock Valuation Course' (self.Bitcoin) by /u/thequanttt13 removed from /r/Bitcoin within 55-65min

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If you want to become a financial analyst. this is a complete free course to help you to become a financial analyst
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Free Complete Excel for Finance and Stock Valuation Course
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10-22 22:33 - 'Want to Buy Apple Stock with $10? CDRs Can Make That Happen | TechBullion' (techbullion.com) by /u/ScalyKey removed from /r/Bitcoin within 153-163min

Want to Buy Apple Stock with $10? CDRs Can Make That Happen | TechBullion
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I bought $1k of the Top 10 Cryptos on January 1st, 2020 (Sept Update)

I bought $1k of the Top 10 Cryptos on January 1st, 2020 (Sept Update)

EXPERIMENT - Tracking Top 10 Cryptos of 2020 - Month Nine - UP +56%
See the full blog post with all the tables here.
tl;dr
  • I thought I'd mix it up and start with the 2020 Top Ten first this month.
  • Rough month, but still way up in 2020, and still way ahead of the stock market.
  • I purchased $100 of each of Top Ten Cryptos in Jan. 2020, haven't sold or traded. Did the same in 2018 and 2019. Learn more about the history and rules of the Experiments here.
  • Sept - down month for 2020 Top Ten, except for BNB, which crushed it (+25%)
  • Overall since Jan. 2020 - ETH in the lead (+187%), BNB in distant second place. 100% of 2020 Top Ten are in positive territory and have a combined ROI of +56% vs. +5% of the S&P
  • Combining all three three years, Top Ten cryptos underperforming S&P if I'd taken a similar approach.

Month Nine – UP 56%

2020 Top Ten Overview
After a rough start to the month, most of crypto had a Wake Me Up When September Ends moment. For the 2020 Top Ten Portfolio, it was bad, but could have been (as has been) much worse: it was the best performing of the Top Ten “Index Fund” Experiments in September and at least one of the cryptos (BNB up +25%) had a great month.

Question of the month:

In September, this decentralized exchange (DEX) overtook Coinbase in trading volume:

A) UniswapB) AaveC) CompoundD) Both A and B
Scroll down for the answer.

Ranking and September Winners and Losers

2020 Top 10 Rank
Lots of movement this month: six out of the Top Ten changed positions in September. BCH climbed one from #6 to #5 and BNB made a big move from #10 to #6. Going the opposite direction were BSV, EOS, and Tezos, dropping one, two, and four places respectively.
The big story though, at least for anyone who’s been watching crypto for a while, was the ejection of Litecoin from the Top Ten. In just 30 days, LTC fell five places from #7 to #12. For some context, Litecoin’s absence from the Top Ten is a Top Ten Experiment first. It is also the first time since CoinMarketCap has tracked crypto rankings that Litecoin has not has not held a spot in the Top Ten.
Drop outs: after nine months of the experiment, 30% of the cryptos that started 2020 in the Top Ten have dropped out. LTC, EOS, and Tezos have been replaced by ADA, LINK, and most recently, DOT.
September Winners – Winner, singular: BNB was the only crypto to finish in the green, finished up +25% for the month, and gained four places in the rankings. A very good month for Binance Coin.
September LosersTezos was the worst performing crypto of the 2020 Top Ten portfolio, losing nearly a third of its value, down -31% for the month. LTC also had a bad month, losing -24% and dropping out of the Top Ten.
Since COVID-19 has hammered the sporting world, let’s be overly competitive and pit these cryptos against each other, shall we? Here’s a table showing which cryptos have the most monthly wins and losses nine months into the 2020 Top Ten Crypto Index Fund Experiment:

Wins/Losses
ETH is in the lead three monthly Ws, followed by Tether and Tezos with two wins each. Even though it is up +79% since January 1st, 2020, BSV has the most monthly losses: it has been the worst performing crypto of the group four out of the first nine months in 2020.

Overall update – ETH maintains strong lead, followed by BNB. 100% of Top Ten are in positive territory.

Ethereum remains firmly in the lead, up +187% on the year. Thanks to a strong month for BNB and a weak month for Tezos, Binance Coin has overtaken XTZ for second place, and is now up +109% in 2020.
Discounting Tether (no offense Big-T), EOS (+4%) is the worst performing cryptocurrency of the 2020 Top Ten Portfolio. 100% of the cryptos in this group are in positive territory.

Total Market Cap for the cryptocurrency sector:

The overall crypto market lost about $35B in September, ending the month up +85% since the beginning of this year’s experiment in January 2020. Despite a rough month, this is the second highest month-end level since the 2020 Top Ten Experiment started nine months ago.

Bitcoin dominance:


Monthly BitDom - 2020
BitDom ticked up slightly this month, but is still lower than it has been for most of the year. As always, a low BitDom reflects a greater appetite for altcoins. For context, the BitDom range since the beginning of the experiment in January 2020 has been roughly between 57% and 68%.

Overall return on investment since January 1st, 2020:

After an initial $1000 investment on January 1st, the 2020 Top Ten Portfolio is now worth $1,536, up +56%. This is the best performing of the three Top Ten Crypto Index Fund Portfolios, but not by much: the 2019 Top Ten came in at +54% in September.
Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along:
Monthly ROI - 2020 Top Ten
Even during the zombie apocalypse blip in March, the 2020 Top Ten has managed to end every month so far in the green (for a mirror image, check out the all red table you’ll find in the 2018 experiment). The range of monthly ROI for the 2020 Top Ten has been between a low of +7% in March and high of +83% in August.
So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line for the three portfolios:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $‭3,340‬ ($238+ $1,538 +$1,564).
That’s up about +11% for the three combined portfolios, compared to +31% last month.
Here’s a table to help visualize the progress of the combined portfolios:
Combined ROI - UP +11%
That’s a +11% gain by buying $1k of the cryptos that happened to be in the Top Ten on January 1st, 2018, 2019, and 2020.
But what if I’d gone all in on only one Top Ten crypto for the past three years? While many have come and gone over the life of the experiment, five cryptos have started in Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC (Big L, no pressure, but if you don’t claw yourself back in the Top Ten by January 2021, you’re out of the club). Let’s take a look:

Three Year Club
At this point in the Experiments, Ethereum (+104%) would have easily returned the most, followed by BTC (+77%). On the other hand, following this approach with XRP, I would have been down nearly a third at -31%.
So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. The S&P slipped a bit from an all time high in August and is now up just +5% in 2020.
Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +56%. The initial $1k investment in crypto is now worth about $1,563. That same $1k I put into crypto in January 2020 would be worth $1050 had it been redirected to the S&P 500 instead. That’s a $513 difference on a $1k investment, one of the largest gaps in favor of crypto all year.
But that’s just 2020. What about in the longer term? What if I invested in the S&P 500 the same way I did during the first three years of the Top Ten Crypto Index Fund Experiments? What I like to call the world’s slowest dollar cost averaging method? Here are the figures:
  • $1000 investment in S&P 500 on January 1st, 2018 = $1260 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1350 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1050 today
So, taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,660.
That $3,660 is up +22% since January 2018, compared to a +11% gain of the combined Top Ten Crypto Experiment Portfolios over the same period of time.
That’s an 11% swing in favor of the S&P 500 and breaks a two month mini-streak of wins from the Top Ten crypto portfolios.
For those keeping track or unable to see the table above: that’s seven monthly victories for the S&P vs. two monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P back in June.

Conclusion:

September saw losses for both traditional and crypto markets, but crypto got hit harder. What can we expect for the rest of 2020? The Neverending Year is entering the final quarter and is not finished with us yet: a lot can and will happen in the remaining months. More volatility is no doubt to come as we enter the final stretch of a truly unpredictable and exhausting year. Buckle up.
Stay healthy and take care of yourselves out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.

And the Answer is…

A) Uniswap
As part of the DeFi/DEX wave, in late August/early September, Uniswap surpassed Coinbase in trading volume.
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05-22 06:13 - 'A great book that shows stocks for what they are, A giant ponzi scheme. Well worth reading.' (theponzifactor.com) by /u/bjaxen removed from /r/Bitcoin within 26-36min

A great book that shows stocks for what they are, A giant ponzi scheme. Well worth reading.
Go1dfish undelete link
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Author: bjaxen
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Time Traveller's Prediction for Bitcoin Price 2019

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