Bitcoin Volatility Trading with Options - Cryptocurrency

As the Volatility of Bitcoin has increased, it's a best time to trade Move Options.

As the Volatility of Bitcoin has increased, it's a best time to trade Move Options. submitted by whycantichooseausern to Delta_Exchange [link] [comments]

03-27 03:43 - '3 Strategies to Combat Crypto Market Volatility with Options Trading' (blog.sparrowexchange.com) by /u/peashop removed from /r/Bitcoin within 32-42min

3 Strategies to Combat Crypto Market Volatility with Options Trading
Go1dfish undelete link
unreddit undelete link
Author: peashop
submitted by removalbot to removalbot [link] [comments]

MOVE Options - Trade Bitcoin & Ethereum Volatility on Delta Exchange

MOVE Options - Trade Bitcoin & Ethereum Volatility on Delta Exchange submitted by kethfinex to Delta_Exchange [link] [comments]

Trading Discussion • Make 2usd bitcoin Guaranteed Every Minute Trading Binary Options Volatility 50 index

submitted by btcforumbot to BtcForum [link] [comments]

Great news! What are you waiting for Introducing MASTER THE VOLATILITY WITH BITCOIN FUTURES AND OPTIONS. FREE traiding until 31st January 2018! QUEDEX announces zero trading fees and zero settlement fees across all products until the end of January 2018. Try us out and trade for FREE

Great news! What are you waiting for Introducing MASTER THE VOLATILITY WITH BITCOIN FUTURES AND OPTIONS. FREE traiding until 31st January 2018! QUEDEX announces zero trading fees and zero settlement fees across all products until the end of January 2018. Try us out and trade for FREE submitted by zechiabless to u/zechiabless [link] [comments]

How can options trading reduce bitcoin's price volatility?

submitted by umeio to BitcoinMarkets [link] [comments]

Trading Bitcoin Options with Alt-Options: Profit on Bitcoin Volatility without Buying a Single Coin

Trading Bitcoin Options with Alt-Options: Profit on Bitcoin Volatility without Buying a Single Coin submitted by JoeMacz to Bitcoin [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Since the cryptos have become so unpredictable, what are some of the safest ways to deal directly with volatility? What's the best way to go about it ?

Since the cryptos have become so unpredictable, what are some of the safest ways to deal directly with volatility? What's the best way to go about it ? submitted by alok310 to CryptoCurrencies [link] [comments]

Message to all of my followers:

Hope everyone is having a good ass day today. This might be long. Please upvote so others are more likely to see in their feeds.
I have really wanted to start sharing my other forms of trading with you guys. I trade forex and did well this week betting on usd strength against the safe haven currency Japanese yen.
I’m also invested at $2,200 into a crypto currency called cindicator. I have 392,197 shares. Trying to get to 700,000 for access to their highest tier of trading indicators. I’ve followed this company for a long ass time and their product is great. If the price gets back to its high of $0.37, it’s a 6,959% profit for me. I’m expecting it to hit AT LEAST a dollar during this next bull run due to cnd/btc charts. Crypto currencies are similar to pennystocks in their volatility.
I also have very good evidence that bitcoin is about to start moving up very rapidly. The halving event that pushed it up to $20,000 just happened again two weeks ago. I and probably everyone else are expecting $100,000 bitcoin by October 2021 due to bitcoin stock to flow model. That indicator was designed by some billion dollar hedge fund manager and its accuracy is something I’ve never seen before. Please read the bottom half where it explains how that indicator works. Truly impressive.
I’m also learning how to trade SPY options, and I just made my first winning trade after a week of losing by buying SPY 298c 5/29
So my question is, are you interested in learning other forms of trading? By order of difficulty, we’d start with crypto currency. Mainly bitcoin and a handful of others. It’s pretty straightforward until you get into cold storage. Then forex which is complicated, and options further down the line after I understand them fully. Or if the consensus is forex or options, we’ll start there.
My main goal in Reddit is to make you guys better traders/ investors. One of my next personal goals is to get my series 7 and 65 licenses and do this shit professionally.
I’ve done the math, and if my average return in forex at ~10% per month stays consistent, managing $5,000,000 in client money and charging 20% would mean I make $80,000 a month. I’m currently building my trading history on Oanda as the first step in this process. So if you start seeing me in suits and ties on my streams, you’ll know what’s up.
Let me know if you’re interested. I’m not sure how I would do it. Maybe just include [BTC] in my headlines about crypto currency stuff when I post so that it’s easy to skim over for those not interested. I don’t want to start an isolated subreddit or anything like that.
submitted by trevandezz to u/trevandezz [link] [comments]

dxDAO aims to power DeFi protocols through decentralized governance

I found this article on internet. It's repost of it to help educate people about all DXDao advantages:
These are positive and necessary steps for DeFi. The new governance structures are intended to help coordinate across community stakeholders and make better decisions. These dynamics are influenced by the issues covered in Dose of DeFi, but I believe they deserve their own focused analysis.
Govern This aims to educate token holders and make them better voters. Emphasis will be placed on specific governance proposals and relaying community governance discussions on forums and weekly calls.
Governance is a coordination technology that has helped countries and companies build more than the sum of their parts. Blockchains are also a coordination technology, but for computers, not humans***.*** Govern This will track the development of the melding of these two over the coming years.
Like governance, Govern This is a work in progress. I would appreciate any feedback on format, topics covered or any other suggestions to make the newsletter better. Just hit reply.
The first issue of Govern This is below. Please click here to subscribe.
Thanks for reading,
Chris
📷
dxDAO aims to power DeFi protocols through decentralized governance
Gnosis launched a long-awaited DEX last week with batched auctions for low-liquidity trade pairs. The front-end, Mesa.Eth.Link is owned and operated by dxDAO, a decentralized collective that hopes to power other DeFi protocols.
While dYdX does not have any specific governance plans (yet), this tweet from dYdX founder Antonio Juliano is a common approach to governance.
📷Antonio Juliano @AntonioMJuliano3) 0x should focus less on governance in the short term. It’s way more important to first build something with a large amount of adoption that’s worth governing
December 6th 2018
3 Retweets62 Likes
The tweet at the end of 2018 was in response to 0x and its native token, ZRX. The project was popular but the token had no use case outside of governance.
This governance strategy – build now, decentralize later – is widely accepted in the space and is perhaps best exemplified by the A16Z’s Jesse Walden’s post, “Progressive Decentralization: A Playbook for Building Crypto Applications”, which the A16Z-backed Compound has essentially implemented (more in the section below).
dxDAO, on the other hand, maintains that decentralization must come at the beginning or else the core team and investors will have an outsized influence on the project in formal (token voting) or informal ways (dictators for life).
Background
dxDAO was launched in May 2019, spun out of a collaboration between Gnosis and DAOstack over managing the DutchX platform. dxDAO’s key governance design is separating financial rights to the DAO (DXD) from voting power over the DAO (Reputation). It used an Edgeware-style lock drop to distribute reputation to stakeholders in May of last year. Any user could lock up ETH or an accepted ERC-20 for a month and receive Reputation, which are voting rights in dxDAO, even though it is not a token and cannot be transferred.
Over 400 unique Ethereum addresses participated in the distribution scheme. Gnosis went through a pretty extensive process in July 2019 to “step back” from its involvement in the DAO, and since then, the community and dxDAO have aligned behind a mission of “putting the ‘De’ in Decentralized Finance”.
Following on last week’s launch of Mesa.ETH.Link, dxDAO is conducting a fundraiser or (“DAICO”?) to help fund its new slate of DeFi products, including a prediction market platform (Omen) and a privacy-centric DeFi dashboard (Mix).
Project launch is typically when a project is most centralized. Execution is hard and direction and accountability are important. dxDAO’s approach will be an interesting counterexample to the “decentralize later” trend and may provide insight into new governance strategies.
Click here for more information about the dxDAO fundraiser.
Here’s what is on the dxDAO docket this week:
Compound governance goes live, has it found Market-Protocol-Fit?
Since its founding in 2017, Compound has executed with an almost flawless record: no bugs/hacks, a major protocol upgrade and a big name fundraise (twice).
But all of that has been because Compound, the company, has executed well, but can protocol development and the growth of the platform be sustained with community management? We shall see.
Compound’s governance system could not be simpler. Anyone with at least 1% of COMP can submit a proposal of executable code. COMP holders have a 3 day voting period; the proposal passes with a majority of token votes AND a 4% quorum of all COMP tokens.
The 1% minimum for proposal submission is a good anti-Sybil mechanism but it greatly limits participation by small users. There is delegation, so you could imagine a “proposal petition” where you would delegate your COMP to a proposal instead of signing your name.
Compound is clearly taking the “less governance is the best governance” approach. This has worked surprisingly well with Bitcoin and Ethereum, which of course, do not have any formal governance, but those communities clearly have informal governance systems that make decisions.
The biggest governance question for Compound: who is the community?
Market-Protocol-Fit
Other Internet has an intriguing essay on the emergent order from new blockchain tokens and their communities. It is worth a read. It discusses the emergent iteration that blockchains – as a technology and a community – go through to find a niche, both in culture and product.
While it focuses on base-layer blockchains that launch with a token, the essay underscores the most underrated governance element: token distribution. It quotes an insightful tweet from Eric Wall
📷Eric Wall @ercwlA question that keeps me up at night: Is it possible to create a rubbish coin based on advanced bullshit, build a community of misguided fans nevertheless, run it centralized for 5 yrs, hardfork-copy the design of a real working project, keep the community and become a success?
keysheet @keysheet
@ErcWll was one of the first vocal critics of IOTA back in 2017, shortly before the project hit a market cap of $15B. https://t.co/2267e8LEpl Today, the project is down 99% and appears to be brutally falling apart. A thread:
February 13th 2020
17 Retweets163 Likes
Before Bitcoin could harden its code and find ‘Digital Gold’ and before Ethereum found ‘DeFi’ and ships ETH2.0, both needed to find a “a strong community of believers” in order to create a “virtuous cycle between headless brands and infrastructural build-out to progressively realize [their] initial promise.”
Communities are connected through a wide spread token distribution, Bitcoin through cypherpunks and online drugs and Ethereum through a global ICO (what Teo Leibowitz called “The Immaculate ICO”).
$COMP distribution
The biggest “news” has been details about $COMP distribution:
There are no explicit plans yet, but the widely held assumption is that the COMP distribution will be determined by the interest earned and paid by users on the protocol since its inception. This is a clever way that only incentivizes more use of the protocol and is hard to game because interests accrues over time.
But the question still remains, what will the COMP community look like and what values will it espouse? Can emergent cultures arise out of Silicon Valley too?
Here’s what is on the Compound docket this week:
Maker and wBTC, a test case for the MIP process
While Maker had planned to spend Q2 moving forward with their upgraded governance process, most of its focus has been on restoring the Dai peg.
For more on how the Maker governance process has expanded outside the core community, check out the previous edition of Govern This.
Here’s what is on the Maker docket this week:
Governance and Risk meeting (April 23)
Single Collateral Dai shutdown – the process has begun. A poll passed with May 12 as the official SCD shutdown. Just yesterday, an executive just passed yesterday to make the MKR oracle fee-less, which will help with migration. Many in the community think the migration of debt from SCD will do more than enough to restore the peg.
13 MIPs and 2 sub proposals – Core to the new Maker governance process is the “Maker Improvement Proposals (MIPs), which are modeled off of BIPs (for Bitcoin) and EIPs (for Ethereum). The two sub-proposals are to appoint the Smart Contracts Team and assign Charles St. Louis as the MIP editor.
The 13 MIPs are listed below:
- MIP1 (Maker Governance Paradigms)- MIP2 (Launch Period)- MIP3 (Governance Cycle)- MIP4 (MIP Amendment and Removal Process)- MIP5 (Emergency Voting System)- MIP6 (Collateral Onboarding Form/Forum Template)- MIP7 (Onboarding and Offboarding Domain Teams for Collateral Onboarding)- MIP8 (Domain Greenlight)- MIP9 (Community Greenlight)- MIP10 (Oracle Management)- MIP11 (Collateral Onboarding General Risk Model Management)- MIP12 (Collateral and Risk Parameter Management)
By and large, the MIPs codify many of the informal Maker governance processes. There is currently a request for comments period (MIP forum) and there will be an informal poll on Monday, April 27 on whether to proceed with the 13 MIPs and 2 sub proposals. If it’s a “Yes”, than an executive for an official ratification vote would start on May 1 and lasts for 4 days. If it passes, the official governance cycle will begin and the rest of the MIPs will likely be approved from May 4 – 6.
Other Governing Things
That’s it! Feedback definitely appreciated. Just hit reply. Written in Brooklyn where it rained all day. No euchre today, but yesterday was epic.
Govern This is written by Chris Powers. Opinions expressed are my own. All content is for informational purposes and is not intended as investment advice.
submitted by yaroslav_karpov to CryptoMoonShots [link] [comments]

As the Volatility of LINK has increased, I think it's right time to consider Trading LINK Move Options

So yeah. By Trading LINK Move Options, you can trade the Volatility of LINK. When you're trading it, you make profit based on the Volatility of LINK.
Still confused? Don't worry. Let's understand Move Options.
Move Options are options that allow you to trade based on the movement of price of a certain cryptocurrency such as Bitcoin, Ethereum or LINK by risking only a small amount. The movement can be on either directions.
If you're a trader, the first thing you need to figure out is your bias - Bullish/Bearish. Then you move on to figure out your entry, stop-loss and target. Move Options remove bias out of equation and let's you make money as long as LINK is moving in any direction.
Here, you need to decide if the premium you're paying is worth it.
What does it mean?
Let's say LINK is trading at $5 from long time and now you feel that it will take big move, you're just not sure in which direction it will go. But you're confident that it will take big move. And you expect that LINK will stay volatile for some time.
In this case you can buy LINK Move Options.
When you LONG it and LINK takes big movement (it can be on any direction), you make money. For example, you buy LINK Move Options at $5 with $0.3 premium and after that LINK surges to $6, you've made profit of $0.7. (16%)
And what would happen if the price drops to $4?
You still make $0.7 (16%) Profit. That's the magic of Move Options. You're Trading VOLATILITY not actual price. Sounds interesting right?
Where can I trade Move Options?
Currently there's only Delta Exchange that supports MOVE Options for LINK. Generally I trade LINK on Binance but since the Volatility of LINK has increased, I started LINK Move Options on Delta Exchange. Initially I was a bit skeptical about the Exchange but since when I read that the Exchange is backed by Coinfund, Aave (the team behind LEND) & Kyber Network, I became confident on it.
I'm sharing here the guide to Move Options if anyone is interested Move Options
submitted by whycantichooseausern to CryptoCurrencies [link] [comments]

PSA: How to use crypto to sell/buy PMs on r/PMsForSale

TL;DR 1: this is not an investment recommendation. This is not an endorsement of any crypto coin, token, or service. This post (which is a bit longish) describes how to use crypto as another payment mechanism. It would just add another tool to your PM trading toolbox.
TL;DR 2: This is not an exhaustive review – it’s a simplified how-to. Calling me out on certain minute aspects is useless. However, if I made a mistake, or omitted something important PLEAESE correct me.
TL;DR 3: I’ll describe everything in chapters, so as you go down, if you feel this is irrelevant to you, you can stop without spending too much time reading it all.

Chapter 1: Why use crypto

  1. You control the entire transaction, end to end. You do not need a third party (Like PayPal or Google) telling you what you’re allowed to sell, and for how much. You do not need to resort to subterfuge (“use Friends & Family, and make sure to leave no notes!”).
  2. Crypto transactions add a level of privacy (depending on how you use them).
  3. Transactions are secure (read more about blockchain technology), and usually only involve you sharing your crypto address with your counterpart.
  4. Transactions are irreversible – good if you’re an established seller who’s afraid of chargebacks by scammers.
  5. Yet transactions can still be proven – they’re out there on the blockchain, available for all to see.
  6. Most of the time, transactions are fast (depending on network traffic and amount of gas paid).

Chapter 2: Types of crypto

I’m not going to go into technicalities, and definitely not recommend anything. Let’s just split the crypto world right now into 2 types of coins: stable, and unstable.
  1. Unstable coins (Bitcoin, Ether, Ripple etc.) can see their fiat value go up or down several times a minute. They’re volatile, and while they can be used to pay, the buyer and seller need to agree on the spot, convert fiat to the coin and start the transaction – at the end of which, the fiat value received may be higher or lower than when the transfer started. Because of that, I’ll avoid discussing them here.
  2. Stable coins usually run on the Ethereum blockchain, and use a technology called “smart contract” to attach their value to fiat. A stable coin like USDC, DAI, USDT etc. will always be worth $1 (give or take 1% at certain times). For all intents and purposes, if I quote you a price of $250 and you send me 250 USDC – we’re done.

Chapter 3: what do I need to have to trade in stable coins?

  1. An address – your crypto address allows you to control crypto on the blockchain. More specifically, it allows you to withdraw funds (since everyone can deposit to your address, whether you want it or not).
  2. A crypto wallet. A wallet is NOT where you hold your coins! Your “money” is on the blockchain, assigned to your address. Your wallet allows you to mange the coins in that address. You can either use one of the free wallets out there, or have one provided to you by an exchange. I recommend MetaMask. It runs as a browser extension (Chrome, Firefox, Brave) or a mobile app. Make sure you do your due diligence before selecting a wallet, so you wont use a scammy app, that will use your pass phrase to clean up your address!
  3. Some Ether (usually 0.05-0.1 ether is enough for several transactions) – every transfer on the blockchain has a fee, representing compensation for the computer work done to transfer funds from address to address. This fee, known as “gas” can go from fractions of a cent to several dollars – depending on the blockchain traffic at the time. You can control the amount of gas, and price of gas for your transactions, but generally speaking: the less you pay, the slower the transfer. Gas is paid in Ether only, so you need some in your wallet (see below on how to get it).
  4. If you want to sell using crypto – you’re done!
  5. If you want to buy using Crypto, you’ll need to convert some fiat to stable coins – see next chapter.

Chapter 4: Quickest way to get stable coins

The easiest way to start (in the US – your miles/kilometres may vary elsewhere) is to open a Coinbase account.
(Disclaimer: you can choose any other exchange. I’m not compensated by Coinbase, I have no stake in Coinbase, I don’t work there, or know anyone who does. There’s a reason I mention them: they make this simple.)
While Coinbase is the fastest and easiest way to go for noobs, there are some caveats:
  1. Coinbase is a registered financial company. They require full KYC (i.e. photo of your driver’s license). Everything you do gets reported to the IRS, authorities, etc. But then, your bank does the same.
  2. Coinbase doesn’t care where the funds come and go – unless law enforcement, IRS, SEC etc tell them to care. If you’re privacy-oriented, an exchange is not for you, go to the next chapter.

Let’s look at the steps of using Coinbase, and how much they’ll cost you:

  1. Open Coinbase account (free)
  2. Go through KYC needed to connect a bank account to your Coinbase account (free)
  3. Transfer fiat to your account (free if bank transfer, otherwise credit/debit card fee applies)
  4. Convert fiat to the stable coin USDC (FREE! Since Coinbase “owns” USDC, they don’t charge anything to convert back and forth between USD and USDC. And it’s always 1-1 conversion.)
  5. Transfer USDC to an external wallet (yours, or a sellers) (FREE! Again, another perk – Coinbase pays your transfer gas fee).
  6. If you’re content with using Coinbase as your wallet, you are done!
a. When you want to buy, you ask the seller for his address, and transfer USDC to him (free).
b. When you want to sell, you give the user your Coinbase USDC address and he sends there (free again).
c. Make sure you send the right address – there are no backsies in crypto!!!

Using your own wallet:

  1. Install MetaMask. Follow instructions to create your address. Make sure you keep the pass phrase safe (NOT ON YOUR COMPUTER).
  2. Go through steps 1-5 to convert some fiat to USDC for free.
  3. Buy some ether – Currently Ether spot is about $230, meaning it’ll cost you about $10-20 to get some Ether + whatever fee Coinbase has on trading.
  4. Send the USDC to your new address.
  5. Send the Ether to your new address.
  6. You are now good to send and receive payments!
  7. When you receive USDC from a buyer, you can either keep them in your wallet for further use, or send to Coinbase, convert to fiat and send to your bank account. Always remember: on Coinbase 1 USDC == $1.

Chapter 5: Doing it on your own – for advanced users only

If you don’t like sharing all your info with Coinbase, you can definitely just install your own wallet (MetaMask is still the best option, IMHO, but there are many more), and fund it personally.
The biggest challenge you’ll face is: how do I convert fiat to crypto? Here are some options:
  1. The easiest: get someone to sell you some. Someone who already went through the whole process, and will agree to give you some crypto. Once you have crypto, you can easily convert it to any other crypto, without using any exchange, using crypto swap apps.
  2. The more expansive: use a service like Changelly (and there are others – again: I have no stake) to “buy” crypto. Take into account that they have fees. There are also services (like LocalBitcoins) that will allow you to buy directly from other people, for lower fees.
  3. You can use a different exchange, perhaps even one in a different country. Take into account that you’ll need to get actual money there, so at one point, someone will know something about you.
As said, once you have ANY crypto in your wallet, it’s easy to convert it to stable coins, Ether, or everything else you need.

Summary

I tried covering the basics of using crypto for payment. I did my best to avoid techy aspects and jargon.
Crypto is here to stay. Next (and current) generations will use it, like we’re using credit cards and PayPal. It will have no “magic” or “hoax” attached to it. It’s not “good” or “bad” – it’s just another way to convey value.
I was taught all this by someone. I’m sharing this with you now, in the hope you’ll share it with other people. That’s how knowledge grows.
If anyone wants any clarification, or expansion on any item, feel free to comment below, or reach out to me.
submitted by Niceguy955 to Silverbugs [link] [comments]

After Robinhood Suicide, Crypto Exchanges Must Stop Acting Like Casinos: bitFlyer Exec - CoinDesk

Many exchanges were designed to encourage users to trade as frequently as possible, often with money they don’t have, and resembled casinos more than responsible trading platforms, said Joel Edgerton, chief operating officer at bitFlyer U.S.
“There are too many exchanges that are run like casinos and exploit their customers,” he said.
Edgerton spoke to CoinDesk just over a week after a 20-year-old student, Alexander Kearns, killed himself after falsely believing he had got himself into more than $700,000-worth of debt by trading complex options contracts on Robinhood – an app-based trading platform with a young, retail-oriented following.
It later came to light that the negative balance was a temporary phase in between contract execution – i.e. Kearns wasn’t actually in the red. But Robinhood has come under heavy criticism for allowing amateur traders to access such complex instruments without safeguards to avoid confusion and, in this case, tragedy.
Late last week, Robinhood announced a $250,000 donation to the American Foundation for Suicide Prevention and vowed to add safeguards to its platform, such as tightening eligibility requirements for complex options trades.
See also: The Chad Index Versus Doomer Internet Money: The Breakdown Weekly Recap
While Binance’s CEO Changpeng “CZ” Zhao said in response last week that his exchange already implemented a “Responsible Trading” feature, Edgerton, a former head of operations at the insurance arm of French bank BNP Paribas, said the exchange was trying to shield itself from further criticism.
“I would say CZ’s response was mercenary. He is using a kid’s death to pitch his company and Binance is actually part of the problem,” he explained. The platform gets users hooked and their anti-addiction policy “highlights the fact that they built the product to be addictive,” he said.
Tweet: https://twitter.com/Joel_bitFlyer?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1274038400295657472%7Ctwgr%5E&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fcrypto-exchanges-casinos-robinhood-suicide-bitflyer
Any crypto exchange that offered 125x leverage indiscriminately – which Binance began offering in October – isn’t serious about customer protection, Edgerton continued. BitFlyer, which opened a U.S. office in 2017, says it already restricts access to leverage and can flag or even ban users that display troubling trading patterns. The Tokyo-based exchange ranks ninth globally, according to CoinGecko, and is the market leader in Japan.
It was reported last summer a Chinese bitcoin trader killed himself after a 100x position on derivatives exchange BitMEX was liquidated, a loss of about $16.4 million in a single trade. Around the same time, an anonymous student trader said he was having suicidal thoughts after losing thousands of dollars on several leveraged trades on the same platform.
Arthur Hayes, BitMEX’s CEO, has previously defended his business, arguing that in a free market, customers can always move onto other platforms if they worry about being exploited or defrauded.
When contacted by CoinDesk, Binance declined to comment. BitMEX hadn’t responded to a similar request by press time.
See also: BitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin Surge
Cryptocurrency exchanges have more of a role to play in customer protection, Edgerton said. Regulators worldwide cap leverage for retail investors, both in crypto and in traditional assets, such as equities. Japan’s Financial Services Agency (FSA) halved maximum leverage down to two times the value of the deposit this year.
As such, there’s no reason an exchange should offer 100x leverage on top of highly volatile assets without first checking whether the investor knows what they are doing and that they have the income to cover that level of exposure, argued Edgerton.
“We have a responsibility to provide products that are suitable to our clients,” he added. The Robinhood suicide “is what happens when companies focus on tech and profits rather than doing the right thing for their customers.”
Article link: https://www.coindesk.com/crypto-exchanges-casinos-robinhood-suicide-bitflyer
submitted by egglove48 to BitcoinMarkets [link] [comments]

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)
A whirlwind tour of Defi, paying close attention to protocols that we’re leveraging at Genesis Block.
https://reddit.com/link/hrrt21/video/cvjh5rrh12b51/player
This is the third post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
Last week we explored how building on legacy finance is a fool’s errand. The future of money belongs to those who build with crypto and blockchain at their core. We also started down the crypto rabbit hole, introducing Bitcoin, Ethereum, and DeFi (decentralized finance). That post is required reading if you hope to glean any value from the rest of this series.
97% of all activity on Ethereum in the last quarter has been DeFi-related. The total value sitting inside DeFi protocols is roughly $2B — double what it was a month ago. The explosive growth cannot be ignored. All signs suggest that Ethereum & DeFi are a Match Made in Heaven, and both on their way to finding strong product/market fit.
So in this post, we’re doing a whirlwind tour of DeFi. We look at specific examples and use-cases already in the wild and seeing strong growth. And we pay close attention to protocols that Genesis Block is integrating with. Alright, let’s dive in.

Stablecoins

Stablecoins are exactly what they sound like: cryptocurrencies that are stable. They are not meant to be volatile (like Bitcoin). These assets attempt to peg their price to some external reference (eg. USD or Gold). A non-volatile crypto asset can be incredibly useful for things like merchant payments, cross-border transfers, or storing wealth — becoming your own bank but without the stress of constant price volatility.
There are major governments and central banks that are experimenting with or soon launching their own stablecoins like China with their digital yuan and the US Federal Reserve with their digital dollar. There are also major corporations working in this area like JP Morgan with their JPM Coin, and of course Facebook with their Libra Project.
Stablecoin activity has grown 800% in the last year, with $290B of transaction volume (funds moving on-chain).
The most popular USD-pegged stablecoins include:
  1. Tether ($10B): It’s especially popular in Asia. It’s backed by USD in a bank account. But given their lack of transparency and past controversies, they generally aren’t trusted as much in the West.
  2. USDC ($1B): This is the most reputable USD-backed stablecoin, at least in the West. It was created by Coinbase & Circle, both well-regarded crypto companies. They’ve been very open and transparent with their audits and bank records.
  3. DAI ($189M): This is backed by other crypto assets — not USD in a bank account. This was arguably the first true DeFi protocol. The big benefit is that it’s more decentralized — it’s not controlled by any single organization. The downside is that the assets backing it can be volatile crypto assets (though it has mechanisms in place to mitigate that risk).
Other notable USD-backed stablecoins include PAX, TrueUSD, Binance USD, and Gemini Dollar.
tablecoins are playing an increasingly important role in the world of DeFi. In a way, they serve as common pipes & bridges between the various protocols.
https://preview.redd.it/v9ki2qro12b51.png?width=700&format=png&auto=webp&s=dbf591b122fc4b3d83b381389145b88e2505b51d

Lending & Borrowing

Three of the top five DeFi protocols relate to lending & borrowing. These popular lending protocols look very similar to traditional money markets. Users who want to earn interest/yield can deposit (lend) their funds into a pool of liquidity. Because it behaves similarly to traditional money markets, their funds are not locked, they can withdraw at any time. It’s highly liquid.
Borrowers can tap into this pool of liquidity and take out loans. Interest rates depend on the utilization rate of the pool — how much of the deposits in the pool have already been borrowed. Supply & demand. Thus, interest rates are variable and borrowers can pay their loans back at any time.
So, who decides how much a borrower can take? What’s the process like? Are there credit checks? How is credit-worthiness determined?
These protocols are decentralized, borderless, permissionless. The people participating in these markets are from all over the world. There is no simple way to verify identity or check credit history. So none of that happens.
Credit-worthiness is determined simply by how much crypto collateral the borrower puts into the protocol. For example, if a user wants to borrow $5k of USDC, then they’ll need to deposit $10k of BTC or ETH. The exact amount of collateral depends on the rules of the protocol — usually the more liquid the collateral asset, the more borrowing power the user can receive.
The most prominent lending protocols include Compound, Aave, Maker, and Atomic Loans. Recently, Compound has seen meteoric growth with the introduction of their COMP token — a token used to incentivize and reward participants of the protocol. There’s almost $1B in outstanding debt in the Compound protocol. Mainframe is also working on an exciting protocol in this area and the latest iteration of their white paper should be coming out soon.
There is very little economic risk to these protocols because all loans are overcollateralized.
I repeat, all loans are overcollateralized. If the value of the collateral depreciates significantly due to price volatility, there are sophisticated liquidation systems to ensure the loan always gets paid back.
https://preview.redd.it/rru5fykv12b51.png?width=700&format=png&auto=webp&s=620679dd84fca098a042051c7e7e1697be8dd259

Investments

Buying, selling, and trading crypto assets is certainly one form of investing (though not for the faint of heart). But there are now DeFi protocols to facilitate making and managing traditional-style investments.
Through DeFi, you can invest in Gold. You can invest in stocks like Amazon and Apple. You can short Tesla. You can access the S&P 500. This is done through crypto-based synthetics — which gives users exposure to assets without needing to hold or own the underlying asset. This is all possible with protocols like UMA, Synthetix, or Market protocol.
Maybe your style of investing is more passive. With PoolTogether , you can participate in a no-loss lottery.
Maybe you’re an advanced trader and want to trade options or futures. You can do that with DeFi protocols like Convexity, Futureswap, and dYdX. Maybe you live on the wild side and trade on margin or leverage, you can do that with protocols like Fulcrum, Nuo, and DDEX. Or maybe you’re a degenerate gambler and want to bet against Trump in the upcoming election, you can do that on Augur.
And there are plenty of DeFi protocols to help with crypto investing. You could use Set Protocol if you need automated trading strategies. You could use Melonport if you’re an asset manager. You could use Balancer to automatically rebalance your portfolio.
With as little as $1, people all over the world can have access to the same investment opportunities and tools that used to be reserved for only the wealthy, or those lucky enough to be born in the right country.
You can start to imagine how services like Etrade, TD Ameritrade, Schwab, and even Robinhood could be massively disrupted by a crypto-native company that builds with these types of protocols at their foundation.
https://preview.redd.it/agco8msx12b51.png?width=700&format=png&auto=webp&s=3bbb595f9ecc84758d276dbf82bc5ddd9e329ff8

Insurance

As mentioned in our previous post, there are near-infinite applications one can build on Ethereum. As a result, sometimes the code doesn’t work as expected. Bugs get through, it breaks. We’re still early in our industry. The tools, frameworks, and best practices are all still being established. Things can go wrong.
Sometimes the application just gets in a weird or bad state where funds can’t be recovered — like with what happened with Parity where $280M got frozen (yes, I lost some money in that). Sometimes, there are hackers who discover a vulnerability in the code and maliciously steal funds — like how dForce lost $25M a few months ago, or how The DAO lost $50M a few years ago. And sometimes the system works as designed, but the economic model behind it is flawed, so a clever user takes advantage of the system— like what recently happened with Balancer where they lost $500k.
There are a lot of risks when interacting with smart contracts and decentralized applications — especially for ones that haven’t stood the test of time. This is why insurance is such an important development in DeFi.
Insurance will be an essential component in helping this technology reach the masses.
Two protocols that are leading the way on DeFi insurance are Nexus Mutual and Opyn. Though they are both still just getting started, many people are already using them. And we’re excited to start working with them at Genesis Block.
https://preview.redd.it/wf1xvq3z12b51.png?width=700&format=png&auto=webp&s=70db1e9587f57d0c470a4f9f4523c216929e1876

Exchanges & Liquidity

Decentralized Exchanges (DEX) were one of the first and most developed categories in DeFi. A DEX allows a user to easily exchange one crypto asset for another crypto asset — but without needing to sign up for an account, verify identity, etc. It’s all via decentralized protocols.
Within the first 5 months of 2020, the top 7 DEX already achieved the 2019 trading volume. That was $2.5B. DeFi is fueling a lot of this growth.
https://preview.redd.it/1dwvq4e022b51.png?width=700&format=png&auto=webp&s=97a3d756f60239cd147031eb95fc2a981db55943
There are many different flavors of DEX. Some of the early ones included 0x, IDEX, and EtherDelta — all of which had a traditional order book model where buyers are matched with sellers.
Another flavor is the pooled liquidity approach where the price is determined algorithmically based on how much liquidity there is and how much the user wants to buy. This is known as an AMM (Automated Market Maker) — Uniswap and Bancor were early leaders here. Though lately, Balancer has seen incredible growth due mostly to their strong incentives for participation — similar to Compound.
There are some DEXs that are more specialized — for example, Curve and mStable focus mostly only stablecoins. Because of the proliferation of these decentralized exchanges, there are now aggregators that combine and connect the liquidity of many sources. Those include Kyber, Totle, 1Inch, and Dex.ag.
These decentralized exchanges are becoming more and more connected to DeFi because they provide an opportunity for yield and earning interest.
Users can earn passive income by supplying liquidity to these markets. It usually comes in the form of sharing transaction fee revenue (Uniswap) or token rewards (Balancer).
https://preview.redd.it/wrug6lg222b51.png?width=700&format=png&auto=webp&s=9c47a3f2e01426ca87d84b92c1e914db39ff773f

Payments

As it relates to making payments, much of the world is still stuck on plastic cards. We’re grateful to partner with Visa and launch the Genesis Block debit card… but we still don’t believe that's the future of payments. We see that as an important bridge between the past (legacy finance) and the future (crypto).
Our first post in this series shared more on why legacy finance is broken. We talked about the countless unnecessary middle-men on every card swipe (merchant, acquiring bank, processor, card network, issuing bank). We talked about the slow settlement times.
The future of payments will be much better. Yes, it’ll be from a mobile phone and the user experience will be similar to ApplePay (NFC) or WePay (QR Code).
But more importantly, the underlying assets being moved/exchanged will all be crypto — digital, permissionless, and open source.
Someone making a payment at the grocery store check-out line will be able to open up Genesis Block, use contactless tech or scan a QR code, and instantly pay for their goods. All using crypto. Likely a stablecoin. Settlement will be instant. All the middlemen getting their pound of flesh will be disintermediated. The merchant can make more and the user can spend less. Blockchain FTW!
Now let’s talk about a few projects working in this area. The xDai Burner Wallet experience was incredible at the ETHDenver event a few years ago, but that speed came at the expense of full decentralization (can it be censored or shut down?). Of course, Facebook’s Libra wants to become the new standard for global payments, but many are afraid to give Facebook that much control (newsflash: it isn’t very decentralized).
Bitcoin is decentralized… but it’s slow and volatile. There are strong projects like Lightning Network (Zap example) that are still trying to make it happen. Projects like Connext and OmiseGo are trying to help bring payments to Ethereum. The Flexa project is leveraging the gift card rails, which is a nice hack to leverage existing pipes. And if ETH 2.0 is as fast as they say it will be, then the future of payments could just be a stablecoin like DAI (a token on Ethereum).
In a way, being able to spend crypto on daily expenses is the holy grail of use-cases. It’s still early. It hasn’t yet been solved. But once we achieve this, then we can ultimately and finally say goodbye to the legacy banking & finance world. Employees can be paid in crypto. Employees can spend in crypto. It changes everything.
Legacy finance is hanging on by a thread, and it’s this use-case that they are still clinging to. Once solved, DeFi domination will be complete.
https://preview.redd.it/svft1ce422b51.png?width=700&format=png&auto=webp&s=9a6afc9e9339a3fec29ee2ae743c07c3042ea4ce

Impact on Genesis Block

At Genesis Block, we’re excited to leverage these protocols and take this incredible technology to the world. Many of these protocols are already deeply integrated with our product. In fact, many are essential. The masses won’t know (or care about) what Tether, USDC, or DAI is. They think in dollars, euros, pounds and pesos. So while the user sees their local currency in the app, the underlying technology is all leveraging stablecoins. It’s all on “crypto rails.”
https://preview.redd.it/jajzttr622b51.png?width=700&format=png&auto=webp&s=fcf55cea1216a1d2fcc3bf327858b009965f9bf8
When users deposit assets into their Genesis Block account, they expect to earn interest. They expect that money to grow. We leverage many of these low-risk lending/exchange DeFi protocols. We lend into decentralized money markets like Compound — where all loans are overcollateralized. Or we supply liquidity to AMM exchanges like Balancer. This allows us to earn interest and generate yield for our depositors. We’re the experts so our users don’t need to be.
We haven’t yet integrated with any of the insurance or investment protocols — but we certainly plan on it. Our infrastructure is built with blockchain technology at the heart and our system is extensible — we’re ready to add assets and protocols when we feel they are ready, safe, secure, and stable. Many of these protocols are still in the experimental phase. It’s still early.
At Genesis Block we’re excited to continue to be at the frontlines of this incredible, innovative, technological revolution called DeFi.
---
None of these powerful DeFi protocols will be replacing Robinhood, SoFi, or Venmo anytime soon. They never will. They aren’t meant to! We’ve discussed this before, these are low-level protocols that need killer applications, like Genesis Block.
So now that we’ve gone a little deeper down the rabbit hole and we’ve done this whirlwind tour of DeFi, the natural next question is: why?
Why does any of it matter?
Most of these financial services that DeFi offers already exist in the real world. So why does it need to be on a blockchain? Why does it need to be decentralized? What new value is unlocked? Next post, we answer these important questions.
To look at more projects in DeFi, check out DeFi Prime, DeFi Pulse, or Consensys.
------
Other Ways to Consume Today's Episode:
Follow our social channels:https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto:https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Let's trade the Volatility of LINK!

Move Options. By Trading LINK Move Options, you can trade the Volatility of LINK. When you're trading it, you make profit based on the Volatility of LINK.
Still confused? Don't worry. Let's understand Move Options.
Move Options are options that allow you to trade based on the movement of price of a certain cryptocurrency such as Bitcoin, Ethereum or LINK by risking only a small amount. The movement can be on either directions.
If you're a trader, the first thing you need to figure out is your bias - Bullish/Bearish. Then you move on to figure out your entry, stop-loss and target. Move Options remove bias out of equation and let's you make money as long as LINK is moving in any direction.
Here, you need to decide if the premium you're paying is worth it.
What does it mean?
Let's say LINK is trading at $5 from long time and now you feel that it will take big move, you're just not sure in which direction it will go. But you're confident that it will take big move. And you expect that LINK will stay volatile for some time.
In this case you can buy LINK Move Options.
When you LONG it and LINK takes big movement (it can be on any direction), you make money. For example, you buy LINK Move Options at $5 with $0.3 premium and after that LINK surges to $6, you've made profit of $0.7. (16%)
And what would happen if the price drops to $4?
You still make $0.7 (16%) Profit. That's the magic of Move Options. You're Trading VOLATILITY not actual price. Sounds interesting right?
Where can I trade Move Options?
Currently there's only Delta Exchange that supports MOVE Options for LINK. Generally I trade LINK on Binance but since the Volatility of LINK has increased, I started LINK Move Options on Delta Exchange. Initially I was a bit skeptical about the Exchange but since when I read that the Exchange is backed by Coinfund, Aave (the team behind LEND) & Kyber Network, I became confident on it.
I'm sharing here the guide to Move Options if anyone is interested Move Options
submitted by whycantichooseausern to CryptoCurrencyTrading [link] [comments]

Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number

Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number
Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number
Binance Wallet Support Phone Number billing mail has been launched for fulfilling requirement of checking the mails through any device. It has made easy for the users to access the account from even a simple computer. With this mail account you can simply “Sign-In” in your account by putting the email address and the password. Once you “Sign In” you can check the activity of your mail account. You can compose, read the incoming mail and also download the large file attachments.
Majority of people has been registered with COINBASE premium email account because it is completely different from other mail accounts with number of favorable qualities available in it. It is currently considered as one of the leading webmail application that has got the remarkable reputation among the users and it’s effectual COINBASE email customer support is always available for those users who generally face issues while handling accounts. To update them the customer carenical team attends sessions which over different parts require for the effective support. {1+/844+/907+/0583-}
Why Contact COINBASE 24/7 Support Number{1+/844+/907+/0583-}Being a part of Yahoo and AT&T services it offers a easy handling mailing option but there are also many customer carenical glitches occurs with users that you may face as well. For these issues you can contact customer carenical support to get help and you can find plenty of them in the internet. Customer carenical support is available 24x7 so that you can contact them according to your convenience.
Binance Wallet Support Phone Number charging mail has been impelled for fulfilling essential of checking the sends through any contraption. It has made basic for the customers to get to the record 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Numberfrom even a clear PC. With this mail account you can simply "Sign-In" in your record by putting the email address and the mystery expression. At the point when you "Sign In" you can check the activity of your mail account. You can make, read the moving toward mail and besides download the colossal record associations. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
A lot of people has been enlisted with Binance premium email account since it is absolutely not exactly equivalent to other mail accounts with number of good attributes available in it. It is at present considered as one of the primary webmail application that has the striking reputation among the customers and it's helpful Binance email customer administration is reliably available for those customers who all things considered face issues while managing accounts. To invigorate them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {1+/844+/907+/0583-}
Why Contact Binance throughout each and every day Support Number{1+/844+/907+/0583-}Being a bit of Yahoo and AT&T organizations it offers a basic managing mailing decision anyway there are moreover various customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical backing𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed by your convenience. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Binance adventure Email Account Troubleshooting sources:Binance mystery state not workingNew account join assistanceControlling spam, trash and phishing mailsConfigure mail account intovariousmailingservicesanddIssues in sending/getting mail 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
We should have some discussion on the Binance premium mail issues settled by the gathering of Binance online phone support-{1+/844+/907+/0583-}
Bitcoin's 30-day flimsiness down to its most insignificant level since October 2019, demonstrating the nonattendance of directional tendency.
When all is said in done, computerized types of cash passed on a mixed display. Most huge top advanced types of cash passed on negative returns, while mid and minimal top cryptographic types of cash, for instance, LINK, ADA, BAT, VET, and IOST passed on positive returns. In particular, VET had a staggering month, passing on over 40% return in June. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Binance Futures included 6 new understandings, taking its total incessant understanding commitments to 31. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Open energy on Binance Futures continues producing for the fourth successive month from 500 million to 580 million USDT, a 16% month-on-month increase. In Q2, open interest has created by ove𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Numberr 160% from 200 million USDT in March.
Bitcoin unsteadiness generally diminished since October 2019
Bitcoin's worth action has promptly gotten horrible for certain traders. Its worth run has fixed over the latest couple of weeks, floating some place in the scope of $9,000 and $9,500.
The slight worth get has in like manner decided Bitcoin's 30-day eccentrics down to its most negligible level since October 2019, exhibiting the nonappearance of directional tendency.
Preparing to its third separating, Bitcoin empowered by over 150% in just two months. Starting now and into the foreseeable future, Bitcoin has again and again fail to develop an a trustworthy parity above $10,000. The nonattendance of buyer vitality has created a peaceful and quiet worth reach out for Bitcoin; this has incited speculations that a significant move is on its way.
Blueprint 1 - Bitcoin's Thirty-day Rolling Volatility
Bitcoin's 30-day moving flightiness has inclined downwards since June fifth, a rot of over 80% since April, realizing a worth hardening between $8,800 to $9,800. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
As showed up in the unquestionable data, Bitcoin will all in all chart sudden gigantic moves following a sharp fall in unsteadiness to or lower than 30%. For instance, when capriciousness hit a low of 21% in mid-February this year, and in the following weeks, Bitcoin tumbled from $10,000 to a low of $3,800, a sharp 60% decline in just a single month. In a comparable period, unconventionality spiked from 21% to over 90% as budgetary masters reacted in free for all to the sudden mishap.
While we are not envisioning a similar mishap as found in March, the critical takeaway is, seasons of incredibly low precariousness routinely go before Bitcoin breakouts or breakdowns of enormous scope importance.
Altcoins become the predominant point of convergence
With capriciousness on its least in near a year, BTC passed on negative returns in June, completing the month down 3.2%. In like manner, major altcoins, for instance, ETH, BCH, and EOS completed the month some place around - 2.6%, - 6.9%, and - 11.5% independently.
All things considered, computerized types of cash passed on a mixed introduction. Most tremendous top computerized types of cash passed on negative returns, while mid and minimal top cryptographic types of cash, for instance, LINK, ADA, BAT, VET, and IOST. In particular, VET had a phenomenal month, passing on over 40% return in June.
These new asset commitments are depended upon to give extra trading opportunities to all crypto-auxiliaries representatives and open entryways for diggers to help.
Trading volume shrinks despite Altcoin demand
In June, trading volume on Binance Futures indicated a 36% month-on-month decay, with $87.6 billion traded over its relentless understandings. Binance Futures demonstrated a consistently typical volume of $2.9 billion, 34% lower than the ordinary step by step volume to May.Bitcoin's most noteworthy preferred position quality
In reality, even as new altcoin contracts were introduced, BTC ceaseless agreements remained the most contributed understanding, overpowering 67% of irrefutably the open interest. Over the latest fourteen days, open energy for BTC contracts has grown logically regardless of its limited worth run.
This discernment is contrary to the volume data demonstrated previously. In the past diagram, we observed more altcoin volume all through June, regardless, the extended volume rate didn't mean a higher open interest rate. Or maybe, a huge part of the open interest advancement was driven by BTC gets, this may recommend that specialists are arranging directional bets on Bitcoin.
submitted by ThingLanky6812 to u/ThingLanky6812 [link] [comments]

Sell Bitcoin in Dubai with cash

Your Crypto Cashpoint in Dubai

How to sell Bitcoin in Dubai?

1. Make an appointment with Coinsfera staff. This ensures we can give you the attention you deserve. 2. Visit our Bitcoinshop in Dubai. 3. Send BTC to Coinsfera’s Bitcoin address and get your cash after 1 blockchain confirmation.
This question is the second one of the most frequently searched in Google. After buying Bitcoin, you can say that the user has done 50% of the work. Besides, there are questions about how to sell, when, and most importantly where?

How to Sell Bitcoin?

There are several ways to online and offline sell your Bitcoin for fiat currency (for example, dollars, euros, etc.). Here are some of them (Online):
Therefore, there is a better and more convenient way, and this is offline trading:
Transactions only take 10-15 minutes. Moreover, our friendly staff will provide you with full assistance in this case, if you have any difficulties or questions.
The prices are regularly updated, so you get the best rates according to the market.

Where to sell Bitcoin in Dubai for cash?

Bitcoin is the world’s first cryptocurrency, and you can sell it on almost every crypto exchange. Some traders and investors will be looking for a reliable exchange to buy Bitcoin. But there is another convenient way — Coinsfera. All you need to do is either contact us via phone, WhatsApp or Telegram or arrange a meeting with us or you can come to our office.

When do I need to sell Bitcoin?

You have completed your task! One of the main principles of trading is as follows: “In order to make a profitable investment, you need to sell it for more than you bought it.”
submitted by coinsfera to Coinsfera [link] [comments]

Bitcoin Market Weekly Report - Week of 13/07/2020

Bitcoin Market Weekly Report - Week of 13/07/2020

Coinviva BTC/USD 30-min chart
The Bitcoin continued to trade in range bound for the third week in a row. The BTC price dropped below the $9,000 support at one point, but it managed to rebound and reach $9,468 afterwards. The price has since stabilized and is moving sideway again, at around $9,300.
The current support level remains at $9,000, while the resistance is at $9,500. There is no clear direction at the moment. If the volatility picks up, wait for the BTC price to break the support or resistance before determining the trade direction.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
Review of the week:
Since 1 July, Bitcoin‘s price hasn’t gained or lost by much, with the cryptocurrency continuing to trade within a tight price band. While the Realized Volatility dipped to 3.2% on 10 July, the implied volatility remained firm at 3.5%. It can be observed that the IV had been moving sideways over a couple of weeks, with traders not expecting an immediate trend reversal in the Bitcoin market. According to one of the Managing Partners at Blockhead Capital, Matt David Kaye, the reason for this suppressed volatility may be the flood of yield-seeking funds with short volatility options in the market. These have been advertised as low-risk, yield generating vehicles to many investors in the market. As the price of Bitcoin consolidated, market makers were trying to hedge their risk by ever-adjusting their spot exposure. This resulted in the creation of a tighter spread and by extension, predictable price ranges for June as they bought back BTC at low prices and sold BTC when the price rose even a little. Thus, these short-volatility funds were gaining pennies, with Kaye adding that the risk was mispriced in the Bitcoin Options market. However, this also gives an excellent opportunity to accumulate volatility, as when the market breaks out, it could result in larger profits. The only way now for the price to pick up is to have the spot market volume note a boost too.
BTC-USD Chart
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Binance Toll-free number【𝟏𝟖𝟒𝟒-𝟗𝟏𝟖-𝟎𝟓𝟖𝟑】☎️ Binance Technical Support Number

Binance Toll-free number【𝟏𝟖𝟒𝟒-𝟗𝟏𝟖-𝟎𝟓𝟖𝟑】☎️ Binance Technical Support NumberBinance Toll-free number【𝟏𝟖𝟒𝟒-𝟗𝟏𝟖-𝟎𝟓𝟖𝟑】☎️ Binance Technical Support Number
Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number Binance Support Number 𝟏𝟖𝟒𝟒*𝟗𝟎𝟕*𝟎𝟓𝟖𝟑 @@ Binance US Support Number|| Tech Number
Binance Wallet Support Phone Number billing mail has been launched for fulfilling requirement of checking the mails through any device. It has made easy for the users to access the account from even a simple computer. With this mail account you can simply “Sign-In” in your account by putting the email address and the password. Once you “Sign In” you can check the activity of your mail account. You can compose, read the incoming mail and also download the large file attachments.
Majority of people has been registered with COINBASE premium email account because it is completely different from other mail accounts with number of favorable qualities available in it. It is currently considered as one of the leading webmail application that has got the remarkable reputation among the users and it’s effectual COINBASE email customer support is always available for those users who generally face issues while handling accounts. To update them the customer carenical team attends sessions which over different parts require for the effective support. {1+/844+/907+/0583-}
Why Contact COINBASE 24/7 Support Number{1+/844+/907+/0583-}Being a part of Yahoo and AT&T services it offers a easy handling mailing option but there are also many customer carenical glitches occurs with users that you may face as well. For these issues you can contact customer carenical support to get help and you can find plenty of them in the internet. Customer carenical support is available 24x7 so that you can contact them according to your convenience.
Binance Wallet Support Phone Number charging mail has been impelled for fulfilling essential of checking the sends through any contraption. It has made basic for the customers to get to the record 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Numberfrom even a clear PC. With this mail account you can simply "Sign-In" in your record by putting the email address and the mystery expression. At the point when you "Sign In" you can check the activity of your mail account. You can make, read the moving toward mail and besides download the colossal record associations. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
A lot of people has been enlisted with Binance premium email account since it is absolutely not exactly equivalent to other mail accounts with number of good attributes available in it. It is at present considered as one of the primary webmail application that has the striking reputation among the customers and it's helpful Binance email customer administration is reliably available for those customers who all things considered face issues while managing accounts. To invigorate them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {1+/844+/907+/0583-}
Why Contact Binance throughout each and every day Support Number{1+/844+/907+/0583-}Being a bit of Yahoo and AT&T organizations it offers a basic managing mailing decision anyway there are moreover various customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical backing𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed by your convenience. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Binance adventure Email Account Troubleshooting sources:Binance mystery state not workingNew account join assistanceControlling spam, trash and phishing mailsConfigure mail account intovariousmailingservicesanddIssues in sending/getting mail 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
We should have some discussion on the Binance premium mail issues settled by the gathering of Binance online phone support-{1+/844+/907+/0583-}
Bitcoin's 30-day flimsiness down to its most insignificant level since October 2019, demonstrating the nonattendance of directional tendency.
When all is said in done, computerized types of cash passed on a mixed display. Most huge top advanced types of cash passed on negative returns, while mid and minimal top cryptographic types of cash, for instance, LINK, ADA, BAT, VET, and IOST passed on positive returns. In particular, VET had a staggering month, passing on over 40% return in June. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Binance Futures included 6 new understandings, taking its total incessant understanding commitments to 31. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
Open energy on Binance Futures continues producing for the fourth successive month from 500 million to 580 million USDT, a 16% month-on-month increase. In Q2, open interest has created by ove𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Numberr 160% from 200 million USDT in March.
Bitcoin unsteadiness generally diminished since October 2019
Bitcoin's worth action has promptly gotten horrible for certain traders. Its worth run has fixed over the latest couple of weeks, floating some place in the scope of $9,000 and $9,500.
The slight worth get has in like manner decided Bitcoin's 30-day eccentrics down to its most negligible level since October 2019, exhibiting the nonappearance of directional tendency.
Preparing to its third separating, Bitcoin empowered by over 150% in just two months. Starting now and into the foreseeable future, Bitcoin has again and again fail to develop an a trustworthy parity above $10,000. The nonattendance of buyer vitality has created a peaceful and quiet worth reach out for Bitcoin; this has incited speculations that a significant move is on its way.
Blueprint 1 - Bitcoin's Thirty-day Rolling Volatility
Bitcoin's 30-day moving flightiness has inclined downwards since June fifth, a rot of over 80% since April, realizing a worth hardening between $8,800 to $9,800. 𝐈𝟖𝟒𝟒𝟗𝟎𝟕𝟎𝟓𝟖𝟑 @@ BINance Customer Service Number
As showed up in the unquestionable data, Bitcoin will all in all chart sudden gigantic moves following a sharp fall in unsteadiness to or lower than 30%. For instance, when capriciousness hit a low of 21% in mid-February this year, and in the following weeks, Bitcoin tumbled from $10,000 to a low of $3,800, a sharp 60% decline in just a single month. In a comparable period, unconventionality spiked from 21% to over 90% as budgetary masters reacted in free for all to the sudden mishap.
While we are not envisioning a similar mishap as found in March, the critical takeaway is, seasons of incredibly low precariousness routinely go before Bitcoin breakouts or breakdowns of enormous scope importance.
Altcoins become the predominant point of convergence
With capriciousness on its least in near a year, BTC passed on negative returns in June, completing the month down 3.2%. In like manner, major altcoins, for instance, ETH, BCH, and EOS completed the month some place around - 2.6%, - 6.9%, and - 11.5% independently.
All things considered, computerized types of cash passed on a mixed introduction. Most tremendous top computerized types of cash passed on negative returns, while mid and minimal top cryptographic types of cash, for instance, LINK, ADA, BAT, VET, and IOST. In particular, VET had a phenomenal month, passing on over 40% return in June.
These new asset commitments are depended upon to give extra trading opportunities to all crypto-auxiliaries representatives and open entryways for diggers to help.
Trading volume shrinks despite Altcoin demand
In June, trading volume on Binance Futures indicated a 36% month-on-month decay, with $87.6 billion traded over its relentless understandings. Binance Futures demonstrated a consistently typical volume of $2.9 billion, 34% lower than the ordinary step by step volume to May.Bitcoin's most noteworthy preferred position quality
In reality, even as new altcoin contracts were introduced, BTC ceaseless agreements remained the most contributed understanding, overpowering 67% of irrefutably the open interest. Over the latest fourteen days, open energy for BTC contracts has grown logically regardless of its limited worth run.
This discernment is contrary to the volume data demonstrated previously. In the past diagram, we observed more altcoin volume all through June, regardless, the extended volume rate didn't mean a higher open interest rate. Or maybe, a huge part of the open interest advancement was driven by BTC gets, this may recommend that specialists are arranging directional bets on Bitcoin.
submitted by ThingLanky6812 to u/ThingLanky6812 [link] [comments]

PayAccept functionalities

submitted by ugur2222 to Crypto_General [link] [comments]

Market Recovers...

For Trading JUNE 19th
Init. Claims +1.508 Million
Market recovers from -270
Leading Econ. Ind. +2.8
Today’s market was an ugly open -270 followed by a recovery, another dip to -180 and a rally back to DJIA -39.51 (.15%). With the exception of the DJ Transports -31.46 (.34%), the other indexes were all higher, with NASDAQ +35.52 (.33%), S&P 500 +1.85 (.06%), and the Russell +.54 (.04%). Market internals were pretty even with NYSE 4:3 lower and NASDAQ even @ 1:1. Volume was slightly lower and DJIA were 18 down and 12 up with no major movers to report.
The news of the day was somewhat mixed with Initial unemployment claims adding 1.508 million down 58,000 but still higher than expected, continuing claims topping 20,544,000. The Philadelphia Fed report was 27.5 v. -20 expected, and the biggest winner was the Index of leading indicators showing its first gain since January +2.8 v. 2.5 expected. Unfortunately, last months numbers were revised down from -4.4 to – 6.1. With all these conflicting numbers, no surprise that the market couldn’t make up its mind.
We went back into CVS 6/26 65 calls on the decline with an average price of $1.15 and they finished $1.02 - .50 and the NEM 7/17 $60’s @ 1.55 that finished the [email protected] $1.36. I am looking for a decline to add to that position.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/uszMmRey4FM
SECTORS: Kroger (KR) reported earnings, and while they beat all expectations for both earnings and revenues, the stock actually sold off a bit, hitting $30.65 but came back to close $31.81 – 1.00 (3.05%). I would note that this stock has been a great performer and has moved steadily higher from it’s low in 8/2019 of $20.50, stopping at $36.84 before the market break in March and falling back to $27.33, grinding higher to make it back to its current level. Definitely one to watch for further gains. Marathon Petroleum (MPC) was up in afterhours on the news that it has renewed its plan to either sell or spin-off its Speedway stores. The stock, which had climbed back up from the March lows just over $15 to make it back to $44 had closed $38.47 +1.34, has continued higher to $40.79 + 2.12 (5.5%). Airlines and cruise lines were lower early and spent the day going back and forth before closing mid-range and slightly higher. The only exception was Carnival (CCL) which reported numbers and while down as far as $17.80 managed to make it back to close $18.82 -.27 (1.3%). And, the HOMERUN OF THE DAY, was back to UONE. After its move from $1.54 to $40, back to $10.60 this morning, it rallied as high as $35.50 and finished $25.00 +12.99 (97%). All this in a week, and still no news releases except “trading halt for volatility, stock resumed.”
FOOD SUPPLY CHAIN was LOWER with TSN + .04, FLO -.08, CPB -.36, CAG -.06, MDLZ+.29, KHC +.38, CALM unchanged, JJSF -1.16, SAFM -.18, HRL +.14, SJM -.46, PPC -.04, KR -.84, and PBJ $31.11 -.10 (.31%).
BIOPHARMA was HIGHER with BIIB (see above) -19.71 (7%), ABBV +.49, REGN -5.75, ISRG +7.05, GILD+.32, MYL +.53, TEVA +.14, VRTX -.79, BHC +.40, INCY +1.08, ICPT -1.13, LABU +1.60, and IBB $133.00 +.18 (.14%).
CANNABIS: was HIGHER with TLRY +.46, CGC +.38, CRON +.04, GWPH +5.48, ACB -.15, NBEV +.03, CURLF +.34, KERN -.81, and MJ $13.66 +.06 (.44%).
DEFENSE: was LOWER with LMT -2.66, GD +2.71, TXT +.42, NOC -4.26, BWXT -1.32, TDY -4.60, RTX +.62, and ITA $172.83 -.20 (.12%).
RETAIL was MIXED with M +.23, JWN -.38, KSS -.13, DDS +.03, WMT -.83, TGT -.52, TJX -.54, RL +.02, RL +.02, UAA +.01, LULU +.35, TPR -.24, CPRI -.02 and XRT $42.67 -.08 (.19%).
FAANG and Big Cap: were HIGHER with GOOGL -16.54, AMZN +22.07, AAPL +.90, FB +1.12, NFLX +2.73, NVDA +.88, TSLA +17.21, BABA -.,55, BIDU +1.63, CMG +12.12, CAT +.27, DIS +1.20, and XLK $103.25 +.76 (.74%).
FINANCIALS were HIGHER with GS -1.19, JPM +.02, BAC +.19, MS -.01, C +.40, PNC +.20, AIG +.26, TRV +1.24, AXP -1.31, V +.94 and XLF $29.34 +.22 (.91%).
OIL, $3738.79 +.86. Oil was under pressure early in the day but managed to rally and close near the highs. I mentioned in tonight’s video that it appears that prices are trying to work higher towards $45.00. The stocks were higher with XLE $40.85 +1.16 (2.92%).
GOLD $1731.10 -4.50. It was another day of a test of $1,750 followed by another test of $1,720 and a close in the middle of the range. The yellow metal is unchanged tonight. We bought back the 3rd and final lot of NEM @ $58.86. And, we also added a half position in NEM 7/17 60 calls @ $1.55, which closed $1.36.
BITCOIN: closed $9,410 +85. After trading another short-range day, we finished mid-range and slightly higher. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.58 -.12 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Bitcoin: The master of volatility How to make money Trading bitcoin Volatility!! Crypto Exchange Open Interest Rises as Bitcoin Volatility Drops to New Low Basics to Bitcoin Options Volatility Ready To EXPLODE in Bitcoin! How To PROFIT Trading Bitcoin Options On Deribit

Diving into the mechanics of term structure and discussing BTC trading strategies in the current environment. At the same time that volatility and short-term implied volatility have been sucked out of the market, longer dated options (six months or so until expiration) are still pricing closer to their historical average volatility in the 70% range. This steepness in implied volatility term In this article you will learn about Volatility Trading with Options on Bitcoin/US Dollar exchange rate.. Bitcoin Implied Volatility. Quedex offers the opportunity to place orders (in order book in Web App) in implied volatility (denoted as IV). Implied volatility is value of the volatility of the underlying asset such that, if we use it to determine price of the call or put european option in Options 101. Before we can take a look at some Bitcoin options, we have to give you a quick overview of what financial options are and how they work. Options are derivative instruments that give the holder the right but not the obligation to buy or sell an asset at some predetermined time in the future. Using options, traders can also place market-neutral bets on the future volatility of an asset, such as bitcoin. That is what we will discuss below. How to buy a straddle to go long bitcoin volatility. A straddle is a market-neutral At the same time that volatility and short-term implied volatility have been sucked out of the market, longer dated options (six months or so until expiration) are still pricing closer to their historical average volatility in the 70% range. This steepness in implied volatility term structure suggests one of two things: Investors expect that this period of low volatility will be transitory and

[index] [15289] [12553] [20934] [3070] [24418] [29317] [30653] [20340] [6642] [29549]

Bitcoin: The master of volatility

As of 7/6/20, volatility on BTC is the lowest it has been in over a year! A BIG MOVE IS NEAR!! No one knows what direction this move is, but it doesn't matter. We can make a profit in either ... In the last video I showed you how to use stop loss orders to protect your profits and reduce your losses in the cryptocurrency market. In this video I will show you how to use the volatility to ... Recent data from Skew shows that open interest for Bitcoin ( BTC ) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether ( USDT ) and ... The historic volatility is showing us that we may see a huge move in the price of Bitcoin in the near future. I want to have a look at which levels I'm watching in the bitcoin chart and in which ... How To Trade Bitcoin Volatility - MOVE, BVOL, Futures & Options Tutorial This video is a tutorial for all traders wanting to trade Bitcoin volatility products on FTX.

Flag Counter