Bitcoin (BTC/USD) forecast and analysis on September 18 ...

Bitcoin Exchange Rate Forecast for 2019

Bitcoin Exchange Rate Forecast for 2019 submitted by KrypNetwork to u/KrypNetwork [link] [comments]

Bitcoin Forecast for 2020

There was a lot of excitement relatively recently around the cryptocurrency market, but over time, prices reached a logical level, returning the development of the industry to a normal rhythm. Despite the decrease in value, investor and user interest in BTC and altcoins is steadily growing.
Against the backdrop of the cryptocurrency boom, at the end of 2017, many believe that the cryptocurrency sphere is fading, but this is not true. According to numerous expert forecasts for the Bitcoin exchange rate for 2020, everything goes on as usual. It is this coin that takes first place in the market in terms of capitalization, and based on its rate, prices for other popular coins are determined.
How much will Bitcoin cost in 2020 and how will altcoins behave amid a change in the course of the main blockchain project? How will investors earn on digital assets and will mining remain relevant in the future?
What are the features of BTC?
Bitcoin is the symbol and flagship in the world of cryptocurrencies. In terms of economics and the traditional financial system, BTC is a digital product with a limited supply. The algorithm of the blockchain project is so arranged that there can not be more than 21 million tokens in the system. Each of them is called Bitcoin.
The developers programmatically calculated the emission schedule, and it is currently known to everyone. Based on it, some are trying to calculate the approximate cost of Bitcoin in 2020, but in reality, some other criteria affect the rate. When all the coins are issued, their total number will cease to change. The economic system of the blockchain project is based on deflationary principles, and this causes concern among financiers who are used to working with the traditional economic model.
Briefly about Bitcoin at the end of 2019
To date, the prospects for Bitcoin for 2020 are very good. Each BTC costs about $ 9,500 and analysts predict further growth. The capitalization ratio exceeds $ 150 billion. Over the past three months, the value of coins against the dollar decreased by several thousand - back in June, for each BTC on the exchanges they gave $ 13,400. Gradually, quotes fell to $ 7,000, but the coin won back to higher limits.
Prerequisites for the fall began to appear in July, and the market was adjusted almost the entire month. Correction is a natural process after spring growth. Many analysts sought explanations for the growth of Bitcoin in April, but in reality it was a regular pump.
In mid-August, contrary to many forecasts, Bitcoin was trading at $ 10,000, after which the price dropped to $ 7,000. At the end of October, the price returned to $ 10,000 again. The sharp rise in prices in a few days caused a lot of emotions among experts who did not expect such an increase. The main reasons include the plans of China in relation to blockchain technology.
What affects the rise and fall of Bitcoin in the market?
Forecasts for the BTC rate in 2020 are based on many factors that may affect the value of digital coins. Among the key criteria that are likely to affect the rate of tokens in the near future, there are:
  1. Creating an appropriate political foundation for the distribution of digital coins. The president of America is opposed to cryptocurrency, but the preservation of the post for him remains in question. In addition, there are supporters of blockchain technology in the US government today, especially against the backdrop of increased Chinese interest in this innovation. Americans are very afraid to lag behind their colleagues, so they should contribute to the development of cryptocurrencies and BTC in particular.
  2. Increase in trading volumes at Bakkt. Currently, the platform has little effect on the Bitcoin exchange rate, but it attracts the largest institutional investors. The project still has prospects, despite not the most active start. If the largest companies begin to appear in the cryptocurrency industry, BTC will definitely get a powerful boost.
  3. Adding BTC to financial exchanges. The appearance of Bitcoin on traditional exchanges will positively affect its course. If Wall Street companies begin to recognize the main coin, its value may increase significantly. To do this, BTC must be a regulated financial instrument, and this goes against the basic principles of developers.
  4. Lack of panic. Traders are now in a not-so-pleasant situation, especially those who managed to buy at the upper limits. At the same time, the massive drain of digital assets is very undesirable. If the holders keep their assets, the situation will necessarily stabilize, and by the end of the year Bitcoin will show significant growth.
  5. News. News background is one of the most powerful tools affecting the rate of Bitcoin and other coins. An important role is played by the launch of new blockchain projects, rumors about the emergence of powerful partners, statements by major investors, the recognition of cryptocurrencies at the state level, and much more.
There is a high probability that the value of the main coin in the market will continue to fluctuate until the end of the year.
Forecasts of the Bitcoin rate from well-known analysts
Many novice traders are looking for Bitcoin exchange rate forecasts to invest profitably and choose the right moment to buy or sell tokens. Analysts differ, but we have compiled for you some of the most authoritative among them.
J. McAfee, who created the popular McAfee Security antivirus, back in 2017 expected a price increase of BTC to $ 1 million. He still claims that he built the forecast not on intuition, but on a special model, but its essence is not disclosed. He promised that if his forecast does not come true until 2020, he will eat his genital organ. He is probably already very sorry about the statement.
Fundstrat analyst Tom Lee predicted BTC price growth in 2020 to $ 91 thousand. He conducted voluminous analytical work and focused on the cryptocurrency chart over the past nine years. He recently adjusted his forecast and said that at the end of 2019, the coin will cost $ 20,000.
The creator of the consulting company Crypto Solutions P. Anagnostu believes that in 2020 the price of BTC coins will exceed $ 50,000 per coin. Exact numbers are not reported, but he expects a rate in the range from 50,000 to 100,000 dollars.
An analyst from Bitcoinist named O. Avan-Nomayo noted that the price of Bitcoin should rise to $ 20,000 in the next six months. The forecast was based on the tendency of a decrease in remuneration by miners every 4 years.
D. Harriston, an analyst from Coinspeaker, believes that Bitcoin should rise to $ 30,000 in 2020. The expert is guided by the aspects of the three values ​​of the coin - consumer, investment and issue.
There are also unfavorable forecasts on the main digital coin exchange rate for the next year and the coming months.
Is it worth investing in BTC?
The risks of investing in cryptocurrencies have always been and remain. To minimize them, you need to carefully weigh and analyze everything. It is important to study information about the exchange through which you will buy tokens. The main significant factor is the period of stable operation of the blockchain project, but there is no such problem with Bitcoin - the platform is proven and reliable.
The main thing is not to buy digital assets for the last money, because in the event of a collapse in the market and a drop in BTC in price, you can not sell currency for nothing. You need to save coins until the course returns to its previous mark. All experienced traders try to stick to this plan, but not everyone has the patience.
We can definitely say that stock markets are likely to suffer in 2020, and Bitcoin prices should rise. Stable growth of the coin against the dollar is expected, but each investor decides by himself when to leave the game and to sell BTC.
submitted by vadim77top to u/vadim77top [link] [comments]

Bitcoin Forecast for 2019

At the end of 2017, many considered Bitcoin as an ideal investment vehicle and invested a lot of their savings in it. But the sharp correction of the 2018th with a triple depreciation was even more unexpected than the recent fantastic growth.
Today, crypto investors have to pause, during which it is important for them to understand: what is the Bitcoin exchange rate forecast for the last months of this and next 2019, what strategy to choose or, maybe, prefer more traditional and safer financial instruments. Let’s look at what the price of the BTC depends on and what the experts think about its future.
Bitcoin exchange rate for 2019
Today in the expert community you can meet two totally opposite views on BTC. Some people consider the falling of the BTC price as a natural phenomenon, they believe in the imminent revival of the market and the growth of military-technical cooperation to $ 100 thousand and even more. Others are confident that the era of cryptocurrency has come to a logical final.
Bitcoin rate for 2019: optimistic forecasts
Most analysts predict stabilization and growth of the BTC rate in 2019 after the complicated 2018. Here are just a few examples.
Experts of the analytical agency Fundstrat conducted their own research and published a very bold forecast for the Bitcoin course, based mostly on the latest mining trends: $ 64,000 by the end of 2019. Experts claim that increasing the cost of production of the block contributes to reducing volatility and increasing the price of BTC. With a low rate, analysts say Fundstrat, commissions in the Bitcoin network will not cover the costs of processing payment transactions. Hence, the network will not be able to function. At the same time, the remuneration paid for the confirmation of the block guarantees the profitability of production and an increase in the rate.
Popular host of the TV show “Cryptotrader” and one of the early investors in the military-technical cooperation Neu-Ner also gives an optimistic forecast for Bitcoin in 2019: $ 50 thousand. significant growth in the future. Neu-Ner is sure that the next rally will begin at the end of 2018, when many new investors will come to the market.
One of the most bold predictions of the Bitcoin-2019 rate is given by the well-known Masterluc trader and investor in the community: $ 110,000. He assures that the main cryptocurrency is still undervalued and predicts a turnaround to the bulls in the first months of next year. Note that previous Masterluc forecasts turned out to be accurate. In 2013, he predicted the achievement of the BTC mark of $ 1,100 and a two-year period of correction, and in 2015 — a sharp jump in 2017.
Analysts of Saxo Bank Pouncy and Petersen presented their bitcoin forecast for 2019: $ 60 thousand. They believe that the growth will last until December, and with the beginning of 2020, a collapse will begin similarly to 2018.
Russian expert Evgeny Glariantov(https://www.linkedin.com/in/Eglariantov/), the developer of the blockchain project Freed, also believes in the future of Bitcoin and predicted a $ 100,000 exchange rate in 2019.
Chepicap company also has prepared a report in which it collected various forecasts of market experts for 2019 regarding the Ethereum and BTC values. They suggested which indicator could be achieved and whether the coin would have a steep price rise.
For example, the head of Fundstrat Global Advisors Tom Lee is optimistic as always. He is confident that in 2019, the third largest cryptocurrency capitalization Ethereum will soar to $ 1,900.
Summing up
However, the backdrop of recurring world crises and the rapid fall in confidence in state financial institutions, Bitcoin and other digital assets are growing in popularity. People realized that national currencies were no longer provided with gold, oil, or other declared resources, and printing presses were turned on at any minute while the authorities needed it. At the same time, the issue of Bitcoin is strictly limited to 21 million, which excludes inflation.
Despite the current position of the BTC, most analysts do not lose optimism about its future and predict a significant appreciation in 2019 (according to various estimates, from $ 20,000 to $ 100,000 and more).
This article is not a finance advice or true prediction of BTC rate in 2019, the written text is based on the opinions and mass media resources.
submitted by Mindreactions to BitcoinMarkets [link] [comments]

From zero to a million: The most daring forecasts for the Bitcoin exchange rate

submitted by cryptogeek_info to Cryptogeek [link] [comments]

Dornbusch and the Bitcoin - Forecasting the Bitcoin/US Dollar exchange rate using the overshooting model

submitted by sendtowallet to Bitcoin [link] [comments]

Dornbusch and the Bitcoin - Forecasting the Bitcoin/US Dollar exchange rate using the overshooting model (.docx file)

submitted by cryptocurrencylive to CryptoCurrencyLive [link] [comments]

Earn up to $18.39 worth of CHSB in the Swissborg Community App (No deposit)

Hi everyone,
Swissborg is a company who have an app for you to exchange and manage cryptocurrencies. They are currently running a competition of sorts, called the Community app where you can predict whether Bitcoin will go up or down over the next 24 hours, depending on how well you do, you move up and down a leader board and at the end of the competition, will be rewarded with differing amounts of Bitcoin.
You can earn CHSB, Swissborg's own crypto token, by complete tasks in the app and earning badges. There are 15 badges, once you collect all badges, you receive 250 CHSB (currently 18.39USD) and enter their Hall of Fame. Most of the badges are very easy to get and don't take much of your time (e.g. log in 7 days in a row), but to get the last three badges, you'll need to invite people to sign up with your link, although I am not sure on the number for the third badge, you get the first two after 3 and 5 friends have signed up. blog post explaining all the badges -- Current CHSB exchange rate
The current prize pool is $161,300, which increases by $1 with every new user. This prize depends on how many points you have; you can earn these for logging in daily, making correct forecasts, and inviting friends. This prize will be distributed in BTC, but your rank needs to be at least 20,000th to get the lowest prize which is currently $3.23 (though the first prize is $9678).
Steps:
Download the Community app.
Register for an account (use my referral code NUYUN2Y and we both get 3,000 points).
Collect badges and make predictions!
In order to redeem the prizes, you'll need to download the Wealth app and verify ID. There's also a separate referral program for the Wealth app: if you register with my ref link and make an initial deposit of at least €50 (can be done with £50) of any supported asset/currency, we'll both get a random reward in BTC worth from €1 to €100.
Both Swissborg apps are really quick and easy to sign up to, and the Community app does not need any kind of deposit, their website states that the onboarding process for the app is 90 seconds.
Thanks to anybody that uses my code/link and let me know if you have any questions!
submitted by Nikolai828x to beermoneyuk [link] [comments]

Buy Bitcoin not Gold- Mike Novogratz

Michael Novogratz is a veteran Wall Street fund manager and cryptocurrency maven who readily acknowledges when he earns a “black eye,” while Dave Portnoy is the brash founder of a media empire who only recently began touting stocks and has disparaged Warren Buffett.
Their backgrounds and personalities may be vastly different, but both are now offering the same investment recommendation: Bitcoin is a better long-term bet than gold.
In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency.
“It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency.
Novogratz said Bitcoin had “crossed the Rubicon” on the question of whether it’s a good store of value. Now, more institutions and banks are considering how to get into the cryptocurrency, compared with a few years earlier when they viewed it more skeptically, he said.
Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids.

In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin.
Bitcoin, the largest cryptocurrency, has been on a roller coaster in 2020. After sliding below $4,000, it’s zoomed up and is around $11,800. It’s seen further acceptance in the mainstream investment community, experienced a “halving” where the rate of Bitcoin created dropped by 50% as of May, and seen correlations with gold rise to records.
In the case of bullion, prices have been on a tear this year as central banks worldwide took steps to shore up ailing economies in the wake of the coronavirus crisis and investors sought a haven from the turmoil. The precious metal is up 28% this year to about $1,945, with Credit Suisse Group raising its bullion forecast for next year to $2,500 due to a “perfect storm” of factors.
https://www.bloomberg.com/news/articles/2020-08-14/buy-bitcoin-or-gold-novogratz-and-portnoy-prefer-the-cryptocurrency?sref=xTkgnLSf
submitted by Zilllnaijaboy99 to investing [link] [comments]

Collect badges and earn up to £150 in CHSB with Swissborg Community App. No deposit needed!

Swissborg is a Swiss fintech focusing on crypto wealth management. They have a Community app where you can predict whether Bitcoin goes up or down over the next 24 hours.
In the app, you can earn CHSB, the Swissborg token. This token is already listed on exchanges so you can check its price, but you'll have to wait until the competition is over to redeem your CHSB. You can easily get 600 CHSB (currently worth ~£52/$69), though you can earn up to 1750 CHSB (currently worth over £150/$200) if you include all badges, even those that are a bit harder to get. Here's how it works:
You complete various tasks in the app and earn badges. There are 15 badges, you get 50 CHSB for completing each one. Once you collect all badges, you receive +1000 CHSB and enter their Hall of Fame, giving you a total of 1750 CHSB. Most of the badges are very easy to get and don't take much of your time (e.g. log in 7 days in a row), but to get the last three badges (and earn 1750 CHSB), you'll need to invite 20 people in total. blog post explaining all the badges -- Current CHSB exchange rate
If you'd like to get competitive, there's also their prize pool of ~$147,000 (currently), which increases by $1 with every new user. This prize depends on how many points you have; you can earn these for logging in daily, making correct forecasts, and inviting friends. This prize will be distributed in BTC, but your rank needs to be at least 20,000th to get the lowest prize which is currently $3 (though the first prize is over $8,800).
Steps:
  1. Download the Community App.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points, check the comments as well). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :)
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download the Wealth app and verify ID. There's also a new, separate referral program for the Wealth app: if you register with my ref link and make an initial deposit of at least €50 of any supported asset/currency, you'll get a random reward in BTC worth from €1 to €100.
The Community app rewards should be redeemable by September.
submitted by One_Refrigerator to beermoneyuk [link] [comments]

FED raised interest rates, Vietnam peaked

FED raised interest rates, Vietnam peaked
The latest developments from the US interest rate policies do not have much influence on Vietnam.
The home loan interest rate of 5% will be applied from 1/1/2018
Interest rates will stabilize and tend to decrease
Stable interest rate expectation
Solution of interest rate management with economic growth target
Improve the financial capacity of Vietnamese commercial banks
The move was not unexpected

https://preview.redd.it/ckstv10yk2u51.jpg?width=960&format=pjpg&auto=webp&s=cd8ff091fd35ceac3de6d68a18b06dbf838afc77
The US Federal Open Market Commission (FOMC) ended 2017 with the third prime rate hike for the year, to 1.5%. This move did not surprise the international financial world, as the market had been forecasted in advance. Similarly, the latest developments from the US have not affected Vietnam much, even through 2017.
According to SSI Securities Company, the Fed rate hike did not have any noticeable impact on the global market, as the market has "absorbed" this move since September, after two adjustments of Fed this year.
The Fed's interest rates often directly affect interest rates and exchange rates in Vietnam. However, from the beginning of the year until now, interest rates and exchange rates have not changed much. According to the report of the National Financial Supervisory Commission on the economic situation in the first 11 months of the year, the interest rates of ordinary loans are popular at 9.3-11% for terms of 6 months or more. While the ceiling interest rate for short-term loans in 5 priority areas is 6.5%.
Place of credit conversion transaction: btc to paypal
Meanwhile, according to the State Bank branch report. In Ho Chi Minh City, the central bank's operating interest rate in 2017 tended to decrease. Specifically, the refinancing rate decreased by 25 basis points, to 6.25%; paper discount rate has a similar decrease, to 4.25%.
The exchange rate market also exhibits an unusual "quiet" compared to every year. Accordingly, the central rate increased by 1.27% compared to the end of 2016. And the exchange rate on the free market decreased by 1.38% (the selling rate), according to the State Bank branch in HCMC. Ho Chi Minh. According to SSI's statistics in the assessment report on the latest interest rate hike by the Fed, the exchange rate remains unchanged on the official market around 22,700 VND / USD, almost unchanged so far.

The reason why the market becomes so peaceful? In the international market, although the Fed tends to narrow monetary policy, the dollar is slightly lower than other currencies. Bloomberg's statistics show that the dollar has depreciated more than 7% against a basket of other major currencies in 2017 and is also the strongest decline in more than a decade.
The supply of USD is plentiful
The weak dollar in the international market also eased the pressure to devalue as we often saw many years ago. But the more important reason, it is because the supply of USD suddenly becomes more abundant than ever.
According to data from the General Department of Customs, by the end of November, Vietnam had a record trade surplus since 2006 (the time of joining the WTO) with 3.72 billion USD. On December 21, 2017, Governor of the State Bank of Vietnam Le Minh Hung said that the foreign exchange reserve fund had reached a record level of 48 billion USD, but in the last days of 2017, a new record was made: 51.5 billion USD. And Mr. Nguyen Hoang Minh, Deputy Director of the State Bank branch in City. Ho Chi Minh City, forecast amount of remittances poured into the city this year is estimated at 5.2 billion USD, up 200 million USD compared to last year.
However, there is still concern, as USD deposit rates in Vietnam have remained at 0% for more than 2 years. Mr. Nguyen Hoang Minh said that the Fed's move of 3 times to raise interest rates and is likely to continue to increase in 2018 has created some certain impacts, including foreign currency bleeding. According to Mr. Minh, experts and business circles should raise USD deposit interest rates to help the banking system take advantage of the greenback.
However, representatives of the State Bank of Ho Chi Minh City. Ho Chi Minh also said that maintaining USD deposit interest rates at 0% has had many positive effects attached, typically many people switch from USD to VND savings.
During the whole year, the liquidity in the bank was stable and did not change much. According to recent observations of SSI, deposit rates started to increase slightly from November and this trend continues in December. “It is a cyclical factor. “Liquidity is a bit volatile in December, but it is mainly a cyclical factor. Banks may need more deposits to improve their safety ratios or to meet credit needs, ”said the SSI report.
In 2018, the Fed maintains tightening monetary policy with the expectation that interest rates will continue to increase by 2 percentage points and 2.5 percentage points in 2019. 2018 is also the time when Fed Chairman Janet Yellen will The seat must be given to Jerome Powell, who is currently voting in agreement with current Fed policies.
Financial markets in 2018 are also expected to be more volatile with more investment products attracting capital flows in the market like cryptocurrencies like Bitcoin. However, Ms. Yellen confirmed that the Fed has no plans to consider issuing a similar currency, nor is it that Bitcoin.
submitted by Ill_Preparation_2814 to u/Ill_Preparation_2814 [link] [comments]

Is Cryptocurrency Really The Future?

Is Cryptocurrency Really The Future?
Over the past decade, cryptocurrency has become a breaker of old approaches in monetary policy, finance, economics, and e-commerce. The speed at which the crypto industry is growing today is very impressive. The global cryptocurrency market volume is predicted to reach $1,758 million by 2027 with a compound annual growth rate of 11.2%.
by StealthEX
More and more people are getting faced with the digital currency so the questions on the future of cryptocurrencies are becoming especially relevant today. So what is the future of cryptocurrency? In this article, we’ll try to figure this out.
Predicting the crypto world’s future is impossible without knowing the current situation on the cryptocurrencies market.

What trends can we observe today?

• Nowadays the crypto market is in its formation stage. We can see an increase in the number of areas where blockchain technology is getting involved. The COVID19 and panic that it caused in the markets are also accelerating cryptocurrency adoption.
• Any cryptocurrencies rate is rigidly tied to the situation in the crypto market.
• Bitcoin and Ethereum are the biggest influencers in the cryptocurrency market.
• Investors are paying attention to the crypto projects that are aimed to create platforms for launching decentralized applications (dApps).
• Significant growth of decentralized finance (DeFi).
• Decentralized Internet (Web 3.0) is actively increasing and creating the basis for the Internet of Things development.
The growth of digital currencies around the world allows making some predictions about the future of crypto market. Let’s look ahead to the future and try to forecast the prospective trends in the crypto world development.

Bitcoin’s reign will not end

The first thing that worries many crypto holders is “What will happen to Bitcoin”?
The ups and downs of Bitcoin’s rate, rumors about the next hard fork, legalization in some countries, and prohibition in others — all these kinds of news makes people guess what will come up with the most popular coin. Experts have different opinions from a complete drop in price to the status of the only currency in the world.
Most experts are leaning towards that Bitcoin will maintain its current positions and even strengthen them. For example, John McAfee, businessman and computer programmer, says:
“You can’t stop things like Bitcoin. It’s like trying to stop gunpowder.”
He also made a bet that if Bitcoin will not cost $500,000 by the end of December 2020 he will eat his own…well, you know.
James Altucher, American hedge-fund manager, author, podcaster and entrepreneur, is not sure that BTC price will reach 1 000 000 USD:
“Will it be a million dollars in 2020? Maybe. Will it be 2021? 2022? Who knows.”
He also predicted that:
“At least one country’s currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of Bitcoin among that populace. That will in turn lead to Bitcoin rising by more than $50,000 when it happens.”
And just a few days after this forecast, the Venezuelan President announced that they are planning to release national crypto called El Petro. Right now a lot of countries like China, Tunisia, Senegal, Sweden, Singapore, Uruguay, Thailand, Turkey, and Iran are also working on the creation of national cryptocurrency.
So what will happen to Bitcoin? No one knows. The only thing in which many experts agree is that Bitcoin will stay as a “gold standard” in the crypto world for a long time.

Cryptocurrencies will be mainstream

“Cryptocurrencies is a fashionable investment and a sign of belonging to the special community” — this idea is actively promoted by various sports organizations, popular performers, public figures that release their own altcoins.
According to CoinMarketCap, there are already more than six thousand cryptocurrencies, and their total capitalization is $353 billion. A couple of years ago, the digital currency was almost unknown to anyone except geek developers and crypto enthusiasts. However, things are changing: prospects for businesses, rising prices, and strong community support will step by step make cryptocurrencies mainstream around the world.

Market volatility will not disappear

Cryptocurrencies are unstable by their nature, and their volatility is one of the reasons why someone becomes a millionaire and the others lose fortunes.
The strong volatility of crypto is caused by the fact that they are still at an early stage of development. Cryptocurrencies have huge growth potential if they can enter the mass market.
But every news about cryptocurrencies either hints at the possibility of markets going down or rising up. The volatility in the cryptocurrency markets will continue to be felt as the news affects the market, and it is only at the stage of rapid development.

The future of trading — decentralized exchanges

In the near future, we will see a prime of decentralized exchanges. Many believe that DEXes is not yet ready for mass adoption. But there are factors for a favorable development of events.
First of all, centralized exchanges don’t fit the purpose of cryptocurrencies cause the key advantage of digital coins is decentralization. In decentralized exchanges, transactions can be made directly between users (peer-to-peer) without the need for a trusted intermediary, which means there are no transaction fees for users.
On top of this, decentralized exchanges are much more secure against hackers as there no single point of failure like in centralized exchanges. Everyone knows the cases with Mt.Gox, Bitfinex, Coincheck when people lost millions and millions. The need for more security will lead users to decentralized exchanges.

The rise of crypto loans

“Cryptocurrency is convenient to take on credit” — not long ago this idea seemed like a wild ride since the digital currency has high volatility. But today the popularity of lending in digital currencies is increasing and here are the main reasons:
• Low-interest rates.
• Increase in the number of traders and investors for whom receiving funds immediately in cryptocurrencies is convenient.
• A simplified system of requirements for borrowers, those who hadn’t been approved for bank loans could easily receive digital money.
Nowadays, the entire crypto loaning industry is estimated at $4.7 billion and the number of crypto loan platforms will continue growing.

Regulators gonna regulate

In the early days of cryptocurrencies history, traditional financial institutions sharply criticized crypto enthusiasts. The crypto market, however, has proven that it is sturdy against these kinds of attacks. Nowadays traditional institutions’ opinion regarding cryptocurrency is changing. In the future, stakeholders can have an increase in the flow of funds from Wall Street to cryptocurrencies.
There is no doubt that this will require more transparency and regulation in the crypto market. Today government and regulatory agencies around the world, including the U.S. Securities and Exchange Commission, Federal Bureau of Investigation, United States Department of Homeland Security, and the Financial Crimes Enforcement Network (and this is only within the US borders) are giving more and more attention to cryptocurrencies. The regulation of the crypto in different states is realizing in diverse ways: in some countries, it is legally recognized as a means of payment, in others its use is prohibited.
The G20 summit participants, following the discussions on cryptocurrencies, came to the conclusion that a complete prohibition of crypto will not solve anything as nowadays the digital currency plays a significant role in the economy. And if the digital currency cannot be prohibited, it must be regulated:
“Technological innovations can deliver significant benefits to the financial system and the broader economy. While crypto-assets do not pose a threat to global financial stability at this point, we are closely monitoring developments and remain vigilant to existing and emerging risks.”
As we can see the world is changing very quickly. The speed with which cryptocurrencies are integrating into the global financial system is a clear indicator that traditional financial institutions can no longer have a monopoly on the management of financial flows.
The year 2020 is the start of a new decade for the cryptocurrency industry. The next ten years will bring us key changes in traditional finance when blockchain and cryptocurrencies will become a daily thing in most countries of the world.
What are your thoughts on the future of cryptocurrencies? Tell us your ideas in the comments below.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/15/is-cryptocurrency-really-the-future/
submitted by Stealthex_io to StealthEX [link] [comments]

Swissborg Community app: collect badges and earn up to 1750 CHSB (current value $190) - no deposit needed for this one!

Swissborg is a Swiss fintech focusing on crypto wealth management. They have a Community app where you can predict whether Bitcoin goes up or down over the next 24 hours.
In the app, you can earn CHSB, the Swissborg token. This token is already listed on exchanges so you can check its price, but you'll have to wait until the competition is over to redeem your CHSB. You can easily get 600 CHSB (currently worth ~$65), though you can earn up to 1750 CHSB (currently worth ~$190) if you include all badges, even those that are a bit harder to get. Here's how it works:
You complete various tasks in the app and earn badges. There are 15 badges, you get 50 CHSB for completing each one. Once you collect all badges, you receive +1000 CHSB and enter their Hall of Fame, giving you a total of 1750 CHSB. Most of the badges are very easy to get and don't take much of your time (e.g. log in 7 days in a row), but to get the last three badges (and earn 1750 CHSB), you'll need to invite 20 people in total. blog post explaining all the badges -- Current CHSB exchange rate
If you'd like to get competitive, there's also their prize pool of ~$139,000 (currently), which increases by $1 with every new user. This prize depends on how many points you have; you can earn these for logging in daily, making correct forecasts, and inviting friends. This prize will be distributed in BTC, but your rank needs to be at least 20,000th to get the lowest prize which is currently $2.8 (though the first prize is over $8,300).
Steps:
  1. Download the Community App.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points, check the comments as well). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :)
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download their Wealth app and verify ID. There's also a new, separate referral program for the Wealth app: if you register with my ref link and make an initial deposit of at least €50 of any supported asset/currency, you'll get a random reward in BTC worth from €1 to €100.
The Community app rewards should be redeemable in Q3.
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Which cryptocurrency to buy?

Which cryptocurrency to buy?
Which cryptocurrency to buy?
Which cryptocurrency to buy in order to profitably invest your funds? Which coin or token will be more profitable over the coming months/years? And how not to lose, but to increase your income?
Surely these questions are being asked by many people at the very beginning. Indeed, during the last 10 years, the crypto market has experienced both huge ups (in December 2017 - BTC jumped to $20,000) and huge downs (in September 2018, the same BTC plunged to $3,000). So how not to go wrong and where is the best place to invest to?
Of course, there are top popular coins that have been around for a long time and are in demand. These are BTC (Bitcoin), ETH (Etherium), XRP (Ripple), LTC (Litecoin), TRX (Tron) and a few more. The exchange rate of these currencies is stable and resistant to fluctuations, but how it will be in the long term depends on many factors. After the news that the United States was no longer cooperating with China, the price of Bitcoin fell sharply in the summer of 2019. But at the same time, after other political changes, when the price of gold and oil began to fall, the Bitcoin rate began to rise again.
It is impossible to predict what exactly will happen tomorrow and whether the price will rise or fall. Traders constantly analyze the market - 24/7, but, even though, their expectations and plans do not always give a 100% guarantee of success.
Cryptocurrency is an amazing thing. Every day new ideas and projects on Blockchain technology are created. Having invested in a good worthwhile startup at the ICO stage (when tokens are just issued and funds are being raised for the development of a project idea), you can get a lot after its implementation. You can also go bust if something goes wrong and the project "does not work out".
Working as a Customer support on cryptocurrency exchanges, the Dealist Solutions team has repeatedly witnessed this kind of ups and downs, successful and promising projects and just scams. Good traders have come to our exchanges and remain there to this day, inexperienced and hot traders quickly leave the platform without making a profit. Observing them, you can draw several conclusions.
You don't need to count on quick income. Nothing is given away for free. Any referral program that brought you to the exchange is not income, but a start, an opportunity to become interested in trading on the platform.
You shouldn't invest into one direction only. Part of the funds should certainly be kept in the "whales" of the cryptocurrency world - bitcoin, ether. Part of the funds should be invested into other projects, moreover, at different stages of their development. After all, it is exactly here there are the highest chances of making money. Constantly follow the course, reviews and even tweets of large experienced traders - there is even such a thing!
A good source of data is the well-known CoinMarketCap site. Data has been added to it for both coins and tokens. And although CoinMarketCap forecasts do not give 100% guarantees, they will help you navigate the offers on the cryptocurrency market, which is already quite a lot. You can view all the information about the project site, the price chart, on which exchanges a particular coin is traded and wonder if this can bring you profit.
With all the volatility of rates, the cryptocurrency market still cannot be compared with roulette. It works according to certain laws that should be learned - then you will not be a loser and will increase your investment significantly. If you have questions, please contact Customer support Dealist Solutions https://dealist.solutions/support-ico-en. We will be glad to share our experience with you!
submitted by Dealist_Solutions to u/Dealist_Solutions [link] [comments]

Testing the Tide | Monthly FIRE Portfolio Update - June 2020

We would rather be ruined than changed.
-W H Auden, The Age of Anxiety
This is my forty-third portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $726 306
Vanguard Lifestrategy Growth Fund – $42 118
Vanguard Lifestrategy Balanced Fund – $78 730
Vanguard Diversified Bonds Fund – $111 691
Vanguard Australian Shares ETF (VAS) – $201 745
Vanguard International Shares ETF (VGS) – $39 357
Betashares Australia 200 ETF (A200) – $231 269
Telstra shares (TLS) – $1 668
Insurance Australia Group shares (IAG) – $7 310
NIB Holdings shares (NHF) – $5 532
Gold ETF (GOLD.ASX) – $117 757
Secured physical gold – $18 913
Ratesetter (P2P lending) – $10 479
Bitcoin – $148 990
Raiz app (Aggressive portfolio) – $16 841
Spaceship Voyager app (Index portfolio) – $2 553
BrickX (P2P rental real estate) – $4 484
Total portfolio value: $1 765 743 (+$8 485 or 0.5%)
Asset allocation
Australian shares – 42.2% (2.8% under)
Global shares – 22.0%
Emerging markets shares – 2.3%
International small companies – 3.0%
Total international shares – 27.3% (2.7% under)
Total shares – 69.5% (5.5% under)
Total property securities – 0.3% (0.3% over)
Australian bonds – 4.7%
International bonds – 9.4%
Total bonds – 14.0% (1.0% under)
Gold – 7.7%
Bitcoin – 8.4%
Gold and alternatives – 16.2% (6.2% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The overall portfolio increased slightly over the month. This has continued to move the portfolio beyond the lows seen in late March.
The modest portfolio growth of $8 000, or 0.5 per cent, maintains its value at around that achieved at the beginning of the year.
[Chart]
The limited growth this month largely reflects an increase in the value of my current equity holdings, in VAS and A200 and the Vanguard retail funds. This has outweighed a small decline in the value of Bitcoin and global shares. The value of the bond holdings also increased modestly, pushing them to their highest value since around early 2017.
[Chart]
There still appears to be an air of unreality around recent asset price increases and the broader economic context. Britain's Bank of England has on some indicators shown that the aftermath of the pandemic and lockdown represent the most challenging financial crisis in around 300 years. What is clear is that investor perceptions and fear around the coronavirus pandemic are a substantial ongoing force driving volatility in equity markets (pdf).
A somewhat optimistic view is provided here that the recovery could look more like the recovery from a natural disaster, rather than a traditional recession. Yet there are few certainties on offer. Negative oil prices, and effective offers by US equity investors to bail out Hertz creditors at no cost appear to be signs of a financial system under significant strains.
As this Reserve Bank article highlights, while some Australian households are well-placed to weather the storm ahead, the timing and severity of what lays ahead is an important unknown that will itself feed into changes in household wealth from here.
Investments this month have been exclusively in the Australian shares exchange-traded fund (VAS) using Selfwealth.* This has been to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
A moving azimuth: falling spending continues
Monthly expenses on the credit card have continued their downward trajectory across the past month.
[Chart]
The rolling average of monthly credit card spending is now at its lowest point over the period of the journey. This is despite the end of lockdown, and a slow resumption of some more normal aspects of spending.
This has continued the brief period since April of the achievement of a notional and contingent kind of financial independence.
The below chart illustrates this temporary state, setting out the degree to which portfolio distributions cover estimated total expenses, measured month to month.
[Chart]
There are two sources of volatility underlying its movement. The first is the level of expenses, which can vary, and the second is the fact that it is based on financial year distributions, which are themselves volatile.
Importantly, the distributions over the last twelve months of this chart is only an estimate - and hence the next few weeks will affect the precision of this analysis across its last 12 observations.
Estimating 2019-20 financial year portfolio distributions
Since the beginning of the journey, this time of year usually has sense of waiting for events to unfold - in particular, finding out the level of half-year distributions to June.
These represent the bulk of distributions, usually averaging 60-65 per cent of total distributions received. They are an important and tangible signpost of progress on the financial independence journey.
This is no simple task, as distributions have varied in size considerably.
A part of this variation has been the important role of sometimes large and lumpy capital distributions - which have made up between 30 to 48 per cent of total distributions in recent years, and an average of around 15 per cent across the last two decades.
I have experimented with many different approaches, most of which have relied on averaging over multi-year periods to even out the 'peaks and troughs' of how market movements may have affected distributions. The main approaches have been:
Each of these have their particular simplifications, advantages and drawbacks.
Developing new navigation tools
Over the past month I have also developed more fully an alternate 'model' for estimating returns.
This simply derives a median value across a set of historical 'cents per unit' distribution data for June and December payouts for the Vanguard funds and exchange traded funds. These make up over 96 per cent of income producing portfolio assets.
In other words, this model essentially assumes that each Vanguard fund and ETF owned pays out the 'average' level of distributions this half-year, with the average being based on distribution records that typically go back between 5 to 10 years.
Mapping the distribution estimates
The chart below sets out the estimate produced by each approach for the June distributions that are to come.
[Chart]
Some observations on these findings can be made.
The lowest estimate is the 'adjusted GFC income' observation, which essentially assumes that the income for this period is as low as experienced by the equity and bond portfolio during the Global Financial Crisis. Just due to timing differences of the period observed, this seems to be a 'worst case' lower bound estimate, which I do not currently place significant weight on.
Similarly, at the highest end, the 'average distribution rate' approach simply assumes June distributions deliver a distribution equal to the median that the entire portfolio has delivered since 1999. With higher interest rates, and larger fixed income holdings across much of that time, this seems an objectively unlikely outcome.
Similarly, the delivery of exactly the income suggested by long-term averages measured across decades and even centuries would be a matter of chance, rather than the basis for rational expectations.
Central estimates of the line of position
This leaves the estimates towards the centre of the chart - estimates of between around $28 000 to $43 000 as representing the more likely range.
I attach less weight to the historical three-year average due to the high contribution of distributed capital gains over that period of growth, where at least across equities some capital losses are likely to be in greater presence.
My preferred central estimate is the model estimate (green) , as it is based in historical data directly from the investment vehicles rather than my own evolving portfolio. The data it is based on in some cases goes back to the Global Financial Crisis. This estimate is also quite close to the raw average of all the alternative approaches (red). It sits a little above the 'adjusted income' measure.
None of these estimates, it should be noted, contain any explicit adjustment for the earnings and dividend reductions or delays arising from COVID-19. They may, therefore represent a modest over-estimate for likely June distributions, to the extent that these effects are more negative than those experienced on average across the period of the underlying data.
These are difficult to estimate, but dividend reductions could easily be in the order of 20-30 per cent, plausibly lowering distributions to the $23 000 to $27 000 range. The recently announced forecast dividend for the Vanguard Australian Shares ETF (VAS) is, for example, the lowest in four years.
As seen from chart above, there is a wide band of estimates, which grow wider still should capital gains be unexpectedly distributed from the Vanguard retail funds. These have represented a source of considerable volatility. Given this, it may seem fruitless to seek to estimate these forthcoming distributions, compared to just waiting for them to arrive.
Yet this exercise helps by setting out reasoning and positions, before hindsight bias urgently arrives to inform me that I knew the right answer all along. It also potentially helps clearly 'reject' some models over time, if the predictions they make prove to be systematically incorrect.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 81.0% 109.4%
Credit card purchases – $71 000 pa 98.8% 133.5%
Total expenses – $89 000 pa 79.2% 106.9%
Summary
The current coronavirus conditions are affecting all aspects of the journey to financial independence - changing spending habits, leading to volatility in equity markets and sequencing risks, and perhaps dramatically altering the expected pattern of portfolio distributions.
Although history can provide some guidance, there is simply no definitive way to know whether any or all of these changes will be fundamental and permanent alterations, or simply data points on a post-natural disaster path to a different post-pandemic set of conditions. There is the temptation to fit past crises imperfectly into the modern picture, as this Of Dollars and Data post illustrates well.
Taking a longer 100 year view, this piece 'The Allegory of the Hawk and Serpent' is a reminder that our entire set of received truths about constructing a portfolio to survive for the long-term can be a product of a sample size of one - actual past history - and subject to recency bias.
This month has felt like one of quiet routines, muted events compared to the past few months, and waiting to understand more fully the shape of the new. Nonetheless, with each new investment, or week of lower expenditure than implied in my FI target, the nature of the journey is incrementally changing - beneath the surface.
Small milestones are being passed - such as over 40 per cent of my equity holdings being outside of the the Vanguard retail funds. Or these these retail funds - which once formed over 95 per cent of the portfolio - now making up less than half.
With a significant part of the financial independence journey being about repeated small actions producing outsized results with time, the issue of maintaining good routines while exploring beneficial changes is real.
Adding to the complexity is that embarking on the financial journey itself is likely to change who one is. This idea, of the difficulty or impossibility of knowing the preferences of a future self, is explored in a fascinating way in this Econtalk podcast episode with a philosophical thought experiment about vampires. It poses the question: perhaps we can never know ourselves at the destination? And yet, who would rationally choose ruin over any change?
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Collect badges and earn up to £150 in CHSB with Swissborg Community App. No deposit needed!

Update: they've reduced the value of the badges, making this significantly less attractive to do. Still good if you'd like to learn about bitcoin though!
Swissborg is a Swiss fintech focusing on crypto wealth management. They have a Community app where you can predict whether Bitcoin goes up or down over the next 24 hours.
In the app, you can earn CHSB, the Swissborg token. This token is already listed on exchanges so you can check its price, but you'll have to wait until the competition is over to redeem your CHSB. You can easily get 600 CHSB (currently worth ~£50/$68), though you can earn up to 1750 CHSB (currently worth ~£150/$200) if you include all badges, even those that are a bit harder to get. Here's how it works:
You complete various tasks in the app and earn badges. There are 15 badges, you get 50 CHSB for completing each one. Once you collect all badges, you receive +1000 CHSB and enter their Hall of Fame, giving you a total of 1750 CHSB. Most of the badges are very easy to get and don't take much of your time (e.g. log in 7 days in a row), but to get the last three badges (and earn 1750 CHSB), you'll need to invite 20 people in total. blog post explaining all the badges -- Current CHSB exchange rate
If you'd like to get competitive, there's also their prize pool of ~$147,000 (currently), which increases by $1 with every new user. This prize depends on how many points you have; you can earn these for logging in daily, making correct forecasts, and inviting friends. This prize will be distributed in BTC, but your rank needs to be at least 20,000th to get the lowest prize which is currently $3 (though the first prize is over $8,800).
Steps:
  1. Download the Community App.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points, check the comments as well). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :)
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download the Wealth app and verify ID. There's also a new, separate referral program for the Wealth app: if you register with my ref link and make an initial deposit of at least €50 of any supported asset/currency, you'll get a random reward in BTC worth from €1 to €100.
The Community app rewards should be redeemable by end of September (this is the latest update on this that I could find. My understanding is that they'll end the forecasting competition after they launch the Wealth app in all countries).
submitted by One_Refrigerator to beermoneyuk [link] [comments]

What mark will the bitcoin price reach by 2021?

What mark will the bitcoin price reach by 2021?
Hello. 🖖🏻 Today we will talk about the mark the Bitcoin price can reach by 2021.
📌 At the moment, analysts' opinions on the future of the main cryptocurrency differ. Some believe that the value of Bitcoin could fall by half, to $ 6,000, while some claim that it has every chance of soaring many times above the all-time high of $ 20,000.
👁‍🗨 Let's take a look at several popular opinions regarding the Bitcoin in 2021
💬 TV presenter Max Kaiser predicts Bitcoin's price will rise to $ 28,000 in the near future. He believes that the first digital currency will not have noticeable resistance levels. "Short pullback, then a $ 100,000 storm with renewed energy," Kaiser predicts.
💬 Analysts at the Kraken cryptocurrency exchange expect the price of Bitcoin to rise by 50-200% in the coming months. It so happened that significant movements in the price of Bitcoin are preceded by periods of low volatility, they say. In more than ten cases, this indicator dropped to 20-30%, after which, however, the market value of BTC rose by an average of 140-150%.
💬 The founders of Winklevoss Capital and Bitcoin exchange Gemini, Tyler and Cameron Winklevoss believe that the price of Bitcoin can surpass the $ 500 thousand mark. They believe that Bitcoin trumps gold, oil, and the US dollar as a store of value and is the only long-term inflation hedge.
💬 Analysts at research firm Weiss Crypto Ratings predicted a Bitcoin rally to $ 70,000 by the middle of next year. This is indicated by the Stock-to-Flow (S2F) model.
📊 In general, the forecasts for the rate of the main digital currency by 2021 are positive, and, according to polls on social networks, the majority believe in its growth. BITLEVEX provides an excellent opportunity for traders and investors to capitalize on the growth of BTC.
💰 Join our secure and reliable trading platform and earn big ➡️ bitlevex.com
https://preview.redd.it/6nsyjj6xbbm51.png?width=1920&format=png&auto=webp&s=a1c14a046ad7ef738075c00c39e9cdf32cc828a3
submitted by VS_community to BITLEVEX [link] [comments]

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”
https://preview.redd.it/lr1w0ukh2ik51.jpg?width=1024&format=pjpg&auto=webp&s=b413e6e6b2e94d2e9522571040151826b7874e77
With UMI staking, anyone anywhere in the world can generate new coins at the rate of up to 40 % a month, or up to 5,669 % a year, with no risk of falling victim to fraudsters. It means new opportunities for humanity which never existed before. However, many people who are used to miserable interests on bank deposits and financial pyramids that last a few months at most cannot understand what makes this possible. How can you safely earn up to 40 % a month with no risk of losing it all?
Sceptics cannot wrap their minds around this which makes them suspect there’s a catch to it. Therefore, it should come as no surprise that you can find various myths about UMI's “deadly issue” on forums and social networks. The most popular among them say that you simply cannot ensure long-term operation with this kind of “super-high income” and no one has any idea what will happen to this cryptocurrency in 10 or more years. Here's a forecast from sceptics, briefly: “deposits” with this percentage are simply impossible, it will inevitably cause hyperinflation, UMI cryptocurrency will devalue, and will share the fate of currencies in some of the less fortunate countries, such as Zimbabwe or Venezuela.
To counter these allegations, we've prepared a detailed article with arguments dispelling all these myths, nullifying all “forecasts” and putting the lid on this issue. Here we go!
What's the value behind the forecasts?
First of all, 10 or more years is too much of a long term, and forecasting so far in advance is simply impossible. Don't take us wrong here: it's not just about cryptocurrencies; it's about anything in the world. There was a time when people thought pagers, faxes, and landline phones had cheerful prospects, but look at what happened to them. They have been replaced by smartphones and the Internet accessible to all which no one believed was possible in the first place. New technologies emerge out of the blue and transform the world beyond recognition. The old — something everyone is used to — is replaced with something new and more
convenient. Something better.
10 years ago people believed in developing bank technologies, but then, all of a sudden, Bitcoin was created and transformed people's understanding of financial payments. It turned out anyone in the world can make payments with no intermediaries and generate new digital money. It's true that Bitcoin is not perfect, but millions use it all over the world. This number is also growing fast with each passing day.
Do you remember forecasts made for Bitcoin when it first appeared? Both ordinary people and respected world-class experts predicted it would soon die. No one believed it could last for even 10 years.

https://preview.redd.it/q1kzcxfw2ik51.png?width=800&format=png&auto=webp&s=17a12d73b9046a357cf6ecd77253472215c8bb24
Typical article predicting the end of Bitcoin from respected mass media. Source.

Here're some graphic examples from the leading world-class mass media:
“That's the End of Bitcoin.” Forbes, 2011, BTC price — $15.
“Bitcoin is headed to the ash heap.” USA Today, 2015, BTC price — $208.
“R.I.P., Bitcoin. It’s time to move on.” The Washington Post, 2016, BTC price — $382.
“Stay away from bitcoin and ethereum — they are complete garbage.” This is garbage." MarketWatch, 2017, BTC price — $2,345.
“Is Bitcoin Going To Zero?” Forbes, 2018, BTC price — $3,432.
In 2020, the BTC price is almost $12,000. The respected mass media have “declared Bitcoin dead” over 400 times (!!!) referring to its lack of backing, high issue rate, super-high price growth, and the like — just like the skeptics “declaring UMI dead” right now. However, despite all the discouraging forecasts, Bitcoin continues to successfully grow and rapidly gain in popularity.

https://preview.redd.it/6z60xwd13ik51.png?width=791&format=png&auto=webp&s=25a6799fe551c6e7f91aa016907e95ce032d7e5e
Over 12 years, Bitcoin has been declared dead 381 times, but it only grows stronger with each passing year. Source.

All of the above is proof that you shouldn't put blind trust in various forecasts, even coming from respected sources. Forecasts are mere opinions and arguments, but no one can know for
sure what will happen in 10, 100, or 1,000 years. No expert can know that. Similarly, no one knows what will happen to UMI many years from now.
UMI can solve any issues on the fly
We cannot know the future, but we did all we could to make our coin last forever. Most existing cryptocurrencies have a very important problem — they cannot support high-quality growth and rapidly become obsolete.
To explain this, we'd like to quote our Whitepaper:
"Despite the apparition of new technology solutions, the Bitcoin blockchain still holds only about 2,000 transactions, and it takes about 10 minutes to create a block. In 11 years, developers still did not manage to come to an agreement and implement a solution that would allow scaling the system and upgrade performance.
Most other cryptocurrencies face a similar problem. They are launched and keep operating in an almost initial state even after numerous innovative solutions become available. For example, the Ethereum network has been attempting to switch to the PoS algorithm for over two years now, but due to code complexity, security threats, and issues of reaching consensus, this causes great inconvenience."
https://preview.redd.it/ezxzrpx43ik51.png?width=800&format=png&auto=webp&s=207f8a27a59fac760fc541dae6abd30d148296f5
Screenshot of a page in the UMI Whitepaper. Have you read it? It answers a lot of questions. Link.

Bitcoin itself is technically obsolete. This is besides the fact that it has a load of other problems. For instance, BTC is supposed to completely stop coin mining in 2140, meaning miners will lose motivation to support the network. What happens then? The hope is that the main source of income for miners will be transfer fees, but will they want to maintain powerful equipment for a reward in the form of small fees? If fees are big, will people want to pay those? Will they find a different solution? Will users just leave the Bitcoin ecosystem and join more high-tech cryptocurrencies like UMI?
When we designed UMI, we accounted for all these issues and launched a promising project with a conveniently scalable ecosystem. Even if UMI faces some challenges in the future, we will make amendments as the network grows. We will act as appropriate judging from the project's current status. They will be based on the situation and the current state of the project.
It's true that upgrade decisions have been and are being made by all leading crypto projects, including Bitcoin and Ethereum, but UMI supports really safe and rapid innovation. The network can be easily modified and scaled with cutting edge technology solutions. While other cryptocurrencies simply become obsolete, we can handle all kinds of challenges on the fly. The UMI network will grow and improve to be always up to date, keep up with the times, and prevent problems in 10, 100, or 1,000 years.
At this point, the UMI network is in excellent shape, and the smart contract offers you relevant and actionable staking opportunities. We've thought out every detail, and the brisk growth of our community proves it best of all.
There is no "deadly inflation"
And, lastly, let's bring an issue with supposedly too-high emission to a close. UMI is typically accused of paying a too high reward for staking — as much as 40% a month, or 5,669% a year — which no one and nothing else in this world can pay. Eventually, it might end up with inflation as it happened in Zimbabwe and Venezuela, etc.,
Let us look at real facts. Those who consider a 40% monthly growth impossible should look at bitcoin again as the most outstanding example which has proven that nothing is impossible. Imagine how many times your deposit would have grown if 10 years ago you had bought bitcoins or inexpensive mining equipment producing a reward of 50 BTC several times a day.
Please consider the following:
In March 2010, BitcoinMarket.com started operating as the first bitcoin exchange, and 1 BTC cost a lot less than a cent — $0.003.
At the time of writing this article, the price for 1BTC was about $12,000.
It means those who bought bitcoins 10 years ago have increased their "deposit" by nearly 400,000,000% (!!!). Four hundred million percent in ten years! This is a real fact.
Those who bought bitcoins when the price was a few cents or dollars also achieved the perfect result by increasing their "deposit" by thousand or million times.
Well, now the percentage in UMI staking doesn't seem so crazy, does it? The only difference
is that BTC "deposit" grows in line with the BTC price while UMI deposit growth is ensured the growth of the number of UMI coins, which in turn doesn't prevent the price from surging. In fact, both cases demonstrate a multiple growth of the "deposit".
All of the above is proof that the reason for inflation in Zimbabwe, Venezuela, etc is a bad economy, not a high emission. In late March. roughly speaking, in one day, the FED (U.S. Federal Reserve System) released 2.2 trillion dollars to support the economy during the coronavirus pandemic. Similar financial injections are regular in the USA, the country which is the most advanced world's economy.
These facts indicate that UMI has no "deadly issue" at all and, unlike the USA, it doesn't "print" anything.
Here is bare statistics form the UMI blockchain:
The UMI cryptocurrency was launched on June 1. Since the launch, it's been 3 months.
18,000,000 UMI coins were initially issued.
In total, there are now about 18,800,000 UMI coins.
In other words, in three months, the total number of UMI coins increased by only 4.4%. Does it look like "deadly inflation"?

https://preview.redd.it/gsdjbwp83ik51.png?width=800&format=png&auto=webp&s=8d4591a24b3ddc63f8501f1b7fe7a4c02b7da89c
In 3 months, the number of UMI coins has shown a few percent increase. Source.

Let's move on:
We'd like to reiterate that the total number of UMI coins is almost 18,800,000.
There are about 14,500,000 coins on the genesis address today.
Almost 4,000,000 coins are involved in staking.
Thus, only 300,000 UMI (!)are freely circulated on the market. The remaining 18,500,000 coins are either used in staking or have not yet been released to the market.
https://preview.redd.it/f7b28jid3ik51.png?width=800&format=png&auto=webp&s=5ff8338121ebfe398cfb498a0cfcc00446ea6225
The number of coins stored on the genesis address at the time of writing the article. Source.

In real fact, UMI has no super-high emission. This fact has been proven. For a three-month period, which is a quarter of a year, the number of UMI has hardly changed and equals about 1.5% of the total number of coins on the market.
The truth is that UMI economy depends on a lot of factors. For example, burning 50,000 coins to create a structure. However, from a more general point of view, the UMI economic model itself is designed to encourage people to "save" rather than sell UMI coins. This is a crucial point that allows us to make progress, even with a high emission.
Moreover, it will take a billion-dollar staking structure that will be able to provide the highest possible emission on the UMI network a lot of years to appear. While it doesn't happen, all these forecasts can be regarded as irrelevant for today. Keep in mind that a 40% monthly profit will be available to the most successful structures and only after many years of development. To have your coins increased by 40% per month, your structure must have over 50 (!) times more coins than the number of coins initially generated by the network. And since this structure will do everything possible for the benefit of the UMI cryptocurrency, even 40% per month will not pose a risk to UMI's sustainable development.
Conclusions are as follows:
UMI offers no kind of "killing sky-high returns". Please don't take this myth seriously. UMI is growing. The current smart contract offers reasonable and up-to-date opportunities for UMI staking and poses no problem. If, however, a problem arises — we have all the tools to find an immediate solution. All these negative forecasts are not worth a brass farthing. They always have been and always will be. At all times and in all places. But they are highly unlikely to come true. Bitcoin outsmarted the most reputable and shrewd financial analysts. Why don't UMI, which is a lot more advanced than bitcoin, try to do the same?
UMI is a decentralized, strong, and high-tech network. It can exist the way it is now forever. But as it grows, it will improve to be always up to date, keep up with the times and prevent any problems. We are contributing to a great thing — we're creating a free economic system that will profitable for the entire human family. This is an opportunity to overcome social inequality and make regular people financially independent. So let's make every effort to make things go well. Ignore all evil-wishers and their predictions. Just join other users and go towards your dream. Then we will certainly succeed in it all.
Sincerely yours, UMI team
submitted by UMITop to u/UMITop [link] [comments]

Gold and Silver: Where Do They Go From Here?

https://federationofglobalmerchants.com/2020/08/14/gold-and-silver-where-do-they-go-from-here/

Investors know by now that one of the leading indicators of an unstable and unpredictable stock market is a surge in the price of precious metals like gold and silver. In February, amidst the COVID-19 pandemic, the markets officially entered a recession, even though just months later several of the major indices have reached all-time highs. It was a brief dip into recessionary territory, but this sort of volatility is what gives investors hesitation in putting their money into the stock market, rather than something that is perceived to be more stable. Gold future contracts are selling well above $2000 per ounce for the rest of 2020 and well into 2021 as well showing that investors are confident that gold will continue to rise in price. Silver is also surging reaching new all-time highs on a daily basis. So investors may be curious as to how to get into this red-hot market, especially as the markets continue to fluctuate.
Gold:
For centuries now gold has been literally the ‘gold-standard’ of currency and wealth. Dating back all the way to around 40,000 B.C. in Spanish caves, gold is a naturally occurring element that has both fascinated and lured people for as long as barter systems and wealth has been recorded. Currently, gold is enjoying its highest valuations in history as investors flock to the stability of the precious metal through various streams. So what is the allure of gold and why is it so stable?
Warren Buffett once said, “Gold is a way of going long on fear.” That is quite a statement from perhaps the greatest investment mind of our generation. But what does this mean for the novice investor? Even the most successful blue-chip stocks can crash. Obviously the more prominent and profitable companies with mega market caps will not crash as easily as smaller companies, but given the volatility of the pandemic, we can see anything happen. But as stock markets fluctuate on a daily basis, the price of gold remains mostly stoic. Not as manipulatable as stock prices, gold is as steady as it gets for investors.
What makes gold so stable? It is a combination of factors, first and foremost, it is a physical and tangible element which makes it possible for people to store and stockpile. It does not corrode or wear down over time, making it durable and ensuring that the value remains. There is also a finite supply of it in the world. This reinforces that it will always keep a certain level of valuation as the supply is kept in check.
Today, as the Federal Reserve tries desperately to pump money into the American economy to stave off a global recession and keep companies afloat. Printing more American dollars helps in the interim, but it is a temporary band-aid for the bigger problem. As more of the dollar gets created the more it gets devalued as a form of currency. This is another reason why gold is skyrocketing. The two valuations always work inversely to each other, so as the greenback continues to plummet, the price of gold will continue to surge which makes perfect sense if one thinks about it. The value of gold is priced in American dollars per ounce, so if the value of an American dollar retreats, the cost of gold will rise in response.
So how can investors take advantage of the current state of gold? In the age of internet investing, there are plenty of ways to invest in gold or anything in that matter. Most American platforms give inventors the ability to buy fractional shares of companies. While this comes in handy for expensive stocks like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), or Tesla (NASDAQ:TSLA), it also allows investors to diversify their funds across multiple companies to form a basket approach to an industry. There are also plenty of ETFs or Exchange Traded Funds, available for investors to consider. These funds have the diversification of a mutual fund or index fund, but trade like individual stocks. Here’s a few of the better gold ETFs to consider if you are looking to get into the industry:
  1. IAU – iShares Gold Trust: One of the better known gold ETFs out there, iSHARES is a reputable brand with great overall market performance. The fund has returned over 17% to inventors already this year, and with the price of gold projected to continue to rise, this fund should keep delivering for investors into next year.
  2. DGL – Invesco DB Gold Fund: Another well known and reputable ETF, the Invesco Gold Fund has slightly higher fees than iSHARES but has also had a slightly better return so far this year.
  3. IAUF – iShares Gold Strategy ETF: Another iSHARES ETF, this one has parts of IAU, as well as gold futures contracts, to get a long term forecast of the price of gold so the investor gets exposure to a wider range of gold options.
There are dozens of other ETFs available for investors that cover everything from miners to the finished products. Mining company stocks are another great way to get exposure. As the demand for gold increases, these mining companies should see a rise in their revenues and eventually, their profits as well. These changes will be reflected in their stock prices and we have already seen some of this already this year.
  1. ABX – Barrick Gold: One of the largest gold mining companies in the world, this Canadian company has seen healthy gains in their stock price so far in 2020. Over the last 52 weeks, Barrick investors have enjoyed a 131% increase in stock price. With mining projects ongoing in Canada, America, Australia, South America, and Africa, Barrick has already announced that it is on track to achieve guidance this year despite closures from COVID-19.
  2. FNV – Franco-Nevada Gold: This stock price rose almost 15% in July alone. Franco-Nevada operates as a funding company to gold mining companies, rather than actually doing the mining themselves. Sustainalytics, a guidance and analysis company, rated Franco-Nevada number one amongst 104 precious metal companies.
  3. NEM – Newmont Goldcorp: The largest gold stock by market-cap and the only stock to trade on the S&P 500, Newmont is probably the safest company for gold investors to invest in. On top of steady returns and low volatility in the stock price, the company pays a fairly healthy dividend as well.
With gold at all-time highs, we can begin to question how high the precious metal may go. With a second wave of the coronavirus making its way around some parts of the world, and America, still making its way through their initial wave, the uncertainty that exists in today’s markets may continue into 2021. Some Wall Street analysts have forecast gold to rise as high as $10,000 per ounce, but that seems like a little ambitious. Gold has just recently hit all-time highs at $2000 per ounce and to imagine that it can run up another 500% in the next few years seems far-fetched at this point in time. That would require the markets to enter an extended bear-market, which of course is possible after a decade of a bullish run, but it would also require the American dollar to continue to be further devalued.
Gold is pegged to continue to rise for the rest of this year though and well into 2021. That means investors and analysts are foreseeing a further devaluation of the American greenback as well as continued volatility in the markets and economy. Is gold a safe haven? Some people believe it is, but if you are an investor that enjoys high returns over long periods of time, investing in precious metals may not be for you. Investors love the stability of gold but the returns are never astronomical, with the last few months being an exception. It helps to have a portion of your portfolio dedicated to precious metals to diversify and protect you from any sudden market corrections, but investors should not be looking at gold as a short-term way to get wealthy.
Silver: The other precious metal that has been flying sky-high of recent months is silver, the eternal younger brother to gold. Mined from silver-ore, it is a highly malleable metal that was once valued higher than gold by the Ancient Egyptians. Today, it is relatively low in price per ounce compared to gold, reaching all-time highs recently of just under $30 per ounce. Silver is another stable alternative to gold, and at lower prices, it may be a little more affordable for the novice investor to jump into.
Like with gold, silver has an inverse relationship to the American dollar, and to all currencies in general. Again, this is another reason why silver is hitting all-time highs right now, with silver future contracts predicting a steady rise to mirror gold, well into 2021. There is also something that Wall Street calls the gold silver ratio, which is exactly what it sounds like: the ratio of the price of gold per ounce to the price of silver per ounce. This ratio has historically moved together, which makes logical sense if both precious metals are independently moving inverse to paper currencies. Historically, the gold and silver prices do move together though as the general ratio has been in the range of 17:1 to 20:1.
Silver also has numerous ways for investors to get involved in, including silver mining and production companies, as well as the ever popular silver ETFs. These Exchange Traded Funds have gained popularity amongst retail investors in recent years as a way of purchasing a diversified product as a single equity with low costs, and no trading fees if your platform allows it. Here are a few of the better performing silver ETFs that investors can look into adding to their portfolios if they are interested in the precious metal:
  1. SLV – iShares Silver Trust: Probably one of the better known silver ETFs, this is fully backed by silver bullion and coins held in a vault. While usually fairly steady, this ETF has enjoyed a 52-week increase of 152% with much of that coming in the last few months.
  2. SIVR – Aberdeen Standard Physical Silver Shares ETF: Very similar to SLV but with lower fees, this is an ideal fund for novice and experienced investors to get into as they start to diversify their portfolios.
  3. DBS – Invesco DB Silver Fund: Again another stable ETF for investors to get into, and another good performing one as well. Just as with their gold ETF, Invsco focuses on silver futures contracts for this fund, so it is a nice long-term play if investors are bullish on silver.
Just as with gold, investors can get a slice of the silver pie by buying shares of silver mining companies as well. Here are a few of the top silver mining company stocks that investors can look into adding to their portfolios.
  1. PAAS – Pan American Silver Corp.: This Canada based miner is focussed on the exploration, development, extraction, refining, processing, and reclamation of silver. They operate mines in Peru, Mexico, Bolivia, and are developing more as well for the future.
  2. WPM – Wheaton Precious Metals: Another Canadian based company that deals with miners of gold, silver, palladium, and cobalt. Wheaton is not a direct miner, rather they purchase these precious metals from other mining companies.
  3. AG – First Majestic Silver Corp.: Canadian companies seem to be dominating the silver industry, and First Majestic is another of those. This company focuses mainly in Mexico for gold and silver.
Silver may never be as popular as gold for investors to keep track of but the two precious metals move in a synchronized fashion, and both are looked upon by investors as safe havens for their money when the market is in flux.
The rest of 2020 seems like a wildcard right now, with many analysts expecting a further correction to the markets at any point. There seems to be an inevitability to a market crash of some sort, whether it is as big as the one that happened back in February and March, remains to be seen. Investors are looking at the precious metal industry to hold their funds to wait out any sort of correction or crash. If this does happen, we may expect a pullback in precious metals too as investors selloff to get back into some stocks at their low levels. Such is the ebb and flow of the economy during turbulent times like the current one we are in.
At the same time, what if a market correction does not happen? Will the uncertainty continue or will investors feel relatively secure in the way the markets are progressing? This could cause a reduction in the demand for silver and gold, culminating in lower prices in the future. Of course this also depends on the Federal Reserve diminishing their rate of printing paper currency to bailout the economy, which does not seem like a reality in the short-term at least.
Another point of contention for investors is the ongoing economical and political tensions between China and America. The two world powers have been feuding for the past couple of months over various things, but it escalated as China social media app Tik Tok gained popularity in North America. It was alleged that TikTok was sending data and information from mobile phones back to China, though nobody is sure of their intended use of this data. Regardless, the markets have stumbled several times lately because of this. Both sides have threatened economic sanctions and the banning of certain product use in each country. The prices of silver and gold have shot up as the tensions have escalated between the two governments, as investors flock to the precious metals. Many of the biggest companies on the major stock indices rely on China for materials or production, so any sort of breakdown in supply chains could cause an enormous change to their stock prices. An example of this is a sudden 5% correction in the price of Apple (NASDAQ:AAPL), as it was thought that iPhone sales would decline if China’s chat platform WeChat was banned in America.
There are other factors that may have an effect on gold and silver prices as well. In this modern economy, many of the retail investors have trended towards younger adults with a sudden influx of income. Popular platforms such as Robinhood combined with increased time at home during the quarantine, have caused retail investor usage to skyrocket during the pandemic. Many of these investors are more lured in by the shiny new objects of cryptocurrencies like Bitcoin. Perhaps we will start thinking of these cryptocurrencies as a modern day version of precious metals one day, as many investors and some analysts, believe that Bitcoin may be a safe haven in the future. Already, the price of Bitcoin has risen above $12,000 in August, mirroring the highs of gold and silver. If the demand for Bitcoin rises higher than the demand for precious metals, we may see an investor migration to cryptocurrencies rather than tangible metals.
Conclusion: Gold and silver are staples of our global economy, and will continue to be so as long as the demand for precious metals exists. In times of uncertainty, gold and silver are viewed as safe relative to the volatility of the stock market. Sure, their prices can vary as well, but because they are tied to a less dynamic valuation that is based on an inverse relation to paper currency, their prices will not and can not fluctuate as much as the liquidity of individual stocks.
As long as the world remains in flux, there will be a general feeling of instability, especially for global markets. A second wave of COVID-19 in the third or fourth quarter of 2020 could prove to be enough to push the markets over the edge and into another recession. The bull market has been rallying for over a decade now, with astronomical gains over the last few years, especially for sectors like the big tech FAANG stocks. Another factor to consider is what a Biden government could bring to the world if he is elected over President Donald Trump in October. A new government could ease some of the tensions with China, as well as within America itself. These are all big what ifs, and could all have potential impacts on the economy and the world. As long as all of these factors are up in the air, investors will be looking to gold and silver as ways of stabilizing their portfolios and protecting their finances from a potential market crash in the future.
submitted by Toughcatlove to u/Toughcatlove [link] [comments]

How To Exchange Australian Dollar To PHP

It is not always easy to send money abroad. Use this site to convert the Australian dollar to PHP and transfer funds anywhere in the world. As it has become the demand of our customers to know how to exchange Australian dollar to PHP, we provide high-performance services to give them a facility to exchange prices between any two currencies easily. Bitcoins xchanger is one of the platforms that is giving complete security and affordable services, making it easy to exchange AUD to PHP with the most efficient converters. Get the conversion rates of any currency that you want with the recent market exchange rates.

Convert AUD To PHP Currency

Convert AUD to PHP currency with the Bitcoins xchanger site that is considered the best exchange platform among the customers worldwide. Get also historical data and charts for AUD to php that can help you in knowing the highest conversion rates over a historical period. It is easy to determine the live forecast for Australian Dollar to Philippine peso using this site. Improve your knowledge by getting information about is it a good time to sell or buy AUD. Use the best tools to get the maximum price of AUD to php in the market and exchange services to make the transactions easy.

How To Transfer Australian Dollar To Peso

If you are about to transfer the Australian dollar to peso, don’t forget to consider the platform namely Bitcoins xchanger, where you are able to get the conversion price more than your assumption. Get to know how to transfer Australian dollar to peso with the best company’s services online to make trade wonderful and profitable. This platform ensures you of its high quality and performance factors that are the requirements of our customers. Want to get the latest AUD to peso graphs? We have a goal to make the way towards the easiest currency conversion of the Australian dollar to the peso and vice versa.

Exchange Australian Dollar To Philippine Peso

People want to know about the worth of conversion of the Australian dollar to Philippine peso. Yes, the exchange of the Australian dollar with Philippine peso can become profitable because we are offering high rates in the market plus giving services that can be used to exchange Australian dollar to Philippine peso easily. This platform is the most consistent and reliable to offer a number of good functionalities for the users for conversion purposes. Are you worried about transaction charges? We don’t charge as high as other platforms do. This makes our currency conversion system scam-free to allow the customers to use it for free without any difficulty.

Where To Buy Eth To AUD

Do you want to get the guide about where to buy Eth to AUD or how to buy Ethereum in Australia? With rising market capitalization, Ethereum has reserved a seat alongside Bitcoins and it the second biggest crypto coin that most people want to get in their wallet to get high money. This site is the best of all the others if you want to use the affordable services to convert Ethereum to the Australian Dollar. To see proof, you can compare our charges with other platforms as well. Get services to deposit and buy Eth securely with the latest crypto market.

Eth To AUD Bank Wire Transfer

It is very easy to get a step-by-step guide to know about Eth to AUD bank wire transfer. Are you still waiting for better Ethereum conversion rates? Set an alert and we will be responsible to tell you about the highest Eth rates. Don’t miss the latest news and enjoy the best bank and other transfer services with this site. Don’t believe a platform that is basically a scam and adds hidden markups to their conversion rates. In this way without your knowledge, it can charge you more. These charges become double if there is involved a separate fee. Bitcoinxchanger never hides charges and always intends to show real rates.
submitted by hagvu007 to u/hagvu007 [link] [comments]

Summary of offers (total £100+) that require no deposit or spend (great for new members!)

I've noticed among the new members joining, people sometimes ask which offers they should do first, or which ones they could do when they don't have the £/€100 it takes to do many of the offers here. So I hope this little summary of no-spend offers will be helpful to you!
You can make ~£107 with the offers below without spending anything (up to £216 if you do the extra tasks). Notice I included some cryptocurrency offers - don't be afraid of these; they carry pretty much zero risk as you don't need to deposit anything (=buy crypto) - you only need to convert the cryptocurrency bonus back into £/€. If you need help with this, feel free to message me.
I also mention Revolut below, which is a popular online "bank" account. My app is currently not showing any promotions for new users, but perhaps someone else has a referral link for you that will make you some cash!

Swissborg: ~$65
A Swiss fintech focusing on crypto wealth management. You earn CHSB (their token) by collecting badges for doing simple tasks in the app. You can get 600 CHSB (~$65) without much effort, and if you can invite 20 people, you can get up to 1750 CHSB ($190). Please check the current CHSB exchange rate as the token's value may fluctuate.
  1. Download the app.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :) [don't use a code for no bonus]
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download their Wealth app and verify ID. The rewards should be redeemable in Q3 2020, once the competition ends (by September).
Detailed post about Swissborg (the token value might have changed since)

Bitwala: €15
A German bank account with integrated crypto services.
  1. Sign up with my link (non-ref-link, no bonus) and verify your identity. (Prepare your passport and a printed proof of address (e.g. bank statement). If no-one picks up for more than a few mins, hang up & try again)
  2. Create a bitcoin wallet in your account.
  3. €15 will be credited to your account within 15 business days. You can withdraw it right after you receive it.
Detailed post about Bitwala

Morpher: ~$15
An upcoming Austrian platform for trading stocks, crypto, and forex.
  1. Sign up via my referral link (non-ref link - no bonus)
  2. Verify your identity.
  3. Get 500 Morpher tokens (estimated value $15) when you get invited to the app and withdrawals are enabled (this should be soon)
Detailed post about Morpher

Quidco: £10
A popular UK cashback site.
  1. Sign up with my referral link (non-ref link - no bonus)
  2. Your bonus will be credited once you reach £5 in confirmed cashback - browse the Free Cashback section for no-spend offers!

Topcashback: £5
Another UK cashback site.
  1. Sign up with my referral link (non-ref link - no bonus)
  2. Your bonus will be credited once you reach £10 in confirmed cashback. Again, you could browse the no-spend offers, or buy something from a store where you'd shop anyways!

Curve: £5
A debit card to which you add your existing cards, and then you only have to carry the Curve card and choose which underlying card to pay with in the app.
  1. Download the app using this link (use code D8XMLG5E when signing up. No code, no bonus.)
  2. Order a free card (=Curve Blue).
  3. When it arrives, link a card you already own to your new Curve card.
  4. Make a first transaction with the Curve card (this can either be a regular in-store/online purchase, but people have successfully gotten the bonus just by linking the Curve card to their Paypal account or by connecting it to Google Pay/Apple Pay - so you don't have to spend anything. There's also no minimum spend requirement.) Note: you must make your first transaction within 7 days from signing up!
  5. £5 will be added to your Curve Cash card. You can spend it immediately. You can also send it to your Revolut - set up a payment link in Revolut, and pay it using the Curve card, with Curve Cash set as the underlying card.
Detailed post about Curve

Bitpanda: €5+
A reputable Austrian cryptocurrency exchange.
  1. Sign up using my link (non-ref link - no bonus)
  2. Verify your identity.
  3. Complete the beginner quiz and receive €5 in BEST (the Bitpanda token).
  4. Bonus: you can get an extra €10 if you're willing to deposit €25 and complete your first crypto trade of at least €25. The bonus will be credited instantly. Tip: buy BEST for €25, and then sell all BEST including the €5 bonus.
Note: you can withdraw the bonuses right after you receive them, but the minimum withdrawal and deposit amount is €/£25, so you can either deposit €/£25, get the extra €10, and withdraw everything back, or - if you don't want to deposit anything - you can transfer the BEST bonus to another crypto exchange or wallet. Up to you :)
Detailed post about Bitpanda

Zelf: €5
An upcoming service where you can do banking in your favorite messenger app (Messenger, Whatsapp, etc).
  1. Sign up using my link and finish the registration in your favorite messaging platform. (non-ref-link, no bonus)
  2. Get €5 when they launch. Everybody in France and Spain should get their cards by the end of June and the rest of Europe by September.
Detailed post about Zelf
Let me know if you need help with any of these!
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Earn up to $50 with Swissborg (no deposit) for collecting in-app badges!

Swissborg is a Swiss fintech focusing on crypto wealth management. They have a Community app where you can predict whether Bitcoin goes up or down over the next 24 hours.
You can earn up to $50 in CHSB (the Swissborg token) if you can manage to invite 20 people; if you don't want to do that, you can still make an easy $18. Here's how it works:
There are 15 badges, you get 50 CHSB for completing each one. Once you collect all the badges, you receive +1000 CHSB and enter their Hall of Fame, giving you a total of 1750 CHSB, currently worth over $50 (see exchange rate). Most of the badges are very easy to get and don't take much of your time (e.g. log in 7 days in a row), but to get the $50, you'll need to invite 20 people in total (post your codes in the comments!)
If you'd like to get competitive, there's also their prize pool of ~$115,000 (currently), which increases by $1 with every new user. This prize depends on how many points you have; you can earn these for logging in daily, making correct forecasts, and inviting friends. This prize will be distributed in BTC, but your rank needs to be at least 20,000th to get the lowest prize which is currently $2.3 (though the first prize is over $6800 - see current prizes screenshot).
Steps:
  1. Download the Community App.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points, check the comments as well). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :)
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download their Wealth app. The rewards should be redeemable from the end of June. The app is already available for download; get it, pass KYC and you'll be ready to receive your rewards.
Link to blog post explaining all the badges.
Any questions let me know!
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Round up of Cryptocurrency News #5 Week 03/08 - 09/08

Welcome again to another recap and the first full week of the new month after breaking the downward trend on the monthly!
 
Firstly, from last weeks uptrend we have seen the market consolidate at this level throughout the week with a steady upward climb at the start of the week to a balance out above $11.5k for Bitcoin towards the end. For the market we have a total increase of $17.5B over the week but a 1% decrease of btc dominance moving mainly toward Chainlink and other altcoins.
 
Closing the week we have had some altcoin action, Ethereum breaking $400 midweek but now staying back in a nice channel between $350-$410 since the start of August. But, Chainlink killing it after breaking $10 and currently sitting comfortably above $13!! Other altcoins that have reaped rewards and I'm keeping an eye on are:
I have picked these as i have noticed they are usually the first movers or the biggest gainers after the market goes red. Chasing those quick gains!
 
What about the news for this week?
 
DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! The Gravychain Collective: https://t.me/gravychain My Crypto HQ: https://t.me/My_Crypto_HQ
Links
Important/Notable/Highlights:
Special Mentions:
Other:
submitted by IOTAbesomewhere to Gravychain [link] [comments]

EUR/USD and GBP/USD Forecast August 30, 2019 Прогноз курса криптовалют BTC Bitcoin биткоин, ETH Эфир ethereum 10.03.2020 Прогноз курса криптовалют BTC Bitcoin Биткоин, ETH Ethereum 05.05.2020 Bitcoin: The most realistic Price and Time Forecast! Прогноз курса криптовалют BTC Bitcoin Биткоин 23.03.2020

This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin exchange rate with a potential target at 8725. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 11655, we should expect confirmation of the rate growth digital asset. Bitcoin Forecast and Analysis BTC/USD September 22, 2020 suggests an attempt to ... In march to june 2018 I gave away 4 Ledger Nano S hardware wallets to say Thank You to everyone for making this site a great place on the internet. I personally bought the Nanos and gave them away in stages. All Nanos are now off and away. Congrats to Ugur G. in Australia, Christiaan D. in South Africa, Peter S. in Sweden and Anna J. in Tanzania. Bitcoin Price Prediction 2022. With the rapid mainstream adoption that bitcoin is experiencing, we can expect that by 2022 the adoption rate of bitcoin will get tripled. Bitcoin doesn’t seem too far off before it replaces fiat in many cases. By 2022, Bitcoin might reach $32,000, given the advancements are stable. Bitcoin Price Prediction 2025 Bitcoin Price Prediction: Future Bitcoin Value of $100,000 Late March - Early June 2021 ... Exchange Rate 5-Day Forecast - Brexit and Australian Job Report in Focus. October 11, 2020. AUD; Pound ... As part of the Bitcoin exchange rate forecast, a test level of 9600 is expected. Where can we expect an attempt to continue the growth of BTC/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 10250. The conservative area for buying Bitcoin is located near the lower border of the Bollinger Bands indicator strip at 9560. You deserve a ...

[index] [50958] [4626] [18697] [18602] [31719] [11654] [42813] [41708] [45651] [45597]

EUR/USD and GBP/USD Forecast August 30, 2019

bitcoin forecast 05.05.2020 Прогноз курса биткоин btc bitcoin BNB TRX LTC XRP 5 мая 2020 Возможно Вы искали: биткоин,btc,bitcoin,криптовалют Hyy Guys So in this Video I will show you about Bitcoin Price.as you all know Bitcoin price already cross $10000 so In 2018 Bitcoin Cross 15000$? So keep wat... 👇🏻Support the channel by using my affiliate links below👇🏻 Exchanges I'm using: Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 Bin... Bitcoin Forecast March 18, 2020 - Duration: 0:59. DailyForex 180 views. New; 0:59 🔴 Bitcoin and Stocks LIVE : BTC Rally! Stocks Meh 🔴 Ep. 905 Crypto Technical Analysis Mitch Ray 685 watching ... bitcoin forecast 22.03.2020 Прогноз курса биткоин btc bitcoin BNB TRX LTC XRP 23 марта 2020 Возможно Вы искали: биткоин,btc,bitcoin ...

#