Saturday, February 2, 2019

[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

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  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

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[uncensored-r/BitcoinMarkets] [Daily Discussion] Sunday, February 03, 2019

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ BitcoinMarkets/comments/amm3xk

The original post's content was as follows:


Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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02-03 03:52 - 'ZILLA crypto app expanding into events after Apple approval' (micky.com.au) by /u/MICKYNewsOz removed from /r/Bitcoin within 0-8min


Jack Dorsey: Bitcoin-Friendly Cash App is Now 2nd Most Popular Apple Application (current BTC/USD price is $3501.71503179)

Latest Bitcoin News:

Jack Dorsey: Bitcoin-Friendly Cash App is Now 2nd Most Popular Apple Application

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
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Will Bitcoin Reach $4,000 in February 2019 or Will BTC Price Just Keep Falling? - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/will-bitcoin-reach-4000-in-february-2019-or-will-btc-price-just-keep-falling/

[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Sunday, February 03, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Binance CEO Lauds Jack Dorseys Pro Bitcoin Comments On Joe Rogan (current BTC/USD price is $3488.10467128)

Latest Bitcoin News:

Binance CEO Lauds Jack Dorseys Pro Bitcoin Comments On Joe Rogan

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/sudden-spike-in-bitcoins-volume-on-localbitcoins-in-venezuela-is-the-highest-ever/

[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


National Debt Rises to $21.9 Trillion with Govt. Shutdown, Can Bitcoin Be an Option to Burst the Bubble? - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/national-debt-rises-to-21-9-trillion-with-govt-shutdown-can-bitcoin-be-an-option-to-burst-the-bubble/

Mastering Grid Trading - Tips and tricks, how to evaluate

There are many things to keep in mind to maximise profits of grid trading.

Since newcomers will have a hard time learning all these themselves, i thought it might be a good idea to share some knowledge, earned by using grid trading over months on multiple pairs.

So here are my "Pro-Tips":

-If you cancel and remake your grid, when price pumps/dumps out of grid range > you make some loss which you dont see. (Keep that in mind)

-always try to use a price range that which will hold for a while

-making profitable short time grids and cancelling+remaking them hourly/daily is a bad strategy, even though it always shows you good % grid profit.

-to evaluate if a grid is good, you need to look at more than just the grid profit. For example: if the price when you started the grid is ~ the same as the current price AND your grid made 5% it is a "good" grid (it really made 5%) If the current price is 20% higher than the startprice of your grid, and your grid made 10% it would have been better to just do 1 limit sell order > not so good grid.

-when ppl post their grid profits and you think of also creating a bot for that pair check the following: -did their pair just pump for more than the grid profit they posted? (Most of times a Bad idea to recreate)

-did their grid run for a while or was it created a few hours ago (long time grids which have been running succesful for days/weeks, have more success when being recreated, than a short time grid which already "had its time")

-did their pair go up and down a few times while the bot was running, or did it run steadily in one direction. (Grid trading profits from the ups and downs in the market, if the pair didnt do that its almost always better to use other strategys)

-only invest and run grid bots on pairs, on which you think BOTH sides of the pair have a future. Regardless how your grid goes, you will always sit on one of the 2! (Ex. dont invest in trx/eth if you think either trx OR eth will be dead in 2 years)

Personal tip (some might disagree with): Dont run grid bots with stablecoins. When a huge bullrun comes and all cryptos rise 50%-100% any grid against a stablecoin will lose out on a lot profit. If the same happens on a pair against bitcoin, it wont be that huge. (Ex. Trx/btc or trx/usdt. Trx goes up 100% while btc goes up 50%. Your grid range will be left and you only have usdt or btc now, but you still have the 50% increase if you choose trx/btc over trx/usdt.

Feel free to add more useful things, you discovered, when doing grid trading in the comments Would be nice if we have like a starter guide for beginners in the end :D

(Please only share general information and tips, not recommending x/y pair or smt like that).



Despite Market Struggles, Crypto-Concierge Service The White Company Reels in $250 Million in Sales - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/despite-market-struggles-crypto-concierge-service-the-white-company-reels-in-250-million-in-sales/

Institutions Made Millions By Short Selling Bitcoin In 2018 Via Genesis Capital Insights Report - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/institutions-made-millions-by-short-selling-bitcoin-in-2018-via-genesis-capital-insights-report/

Australian Agency, AUSTRAC, Registers 246 Bitcoin Exchange Platforms To Curb Terrorism Financing - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/australian-agency-austrac-registers-246-bitcoin-exchange-platforms-to-curb-terrorism-financing/

Crypto Market 2019 Trends: Security Tokens, Coin Privacy, BTC Lightning Network and Scaling - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/crypto-market-2019-trends-security-tokens-coin-privacy-btc-lightning-network-and-scaling/

CipherTrace Shows Staggering 2018 Crypto Market Analysis on Thefts and Scams Nearing $2 Billion World-Wide - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/ciphertrace-shows-staggering-2018-crypto-market-analysis-on-thefts-and-scams-nearing-2-billion-world-wide/

Drones are insects

Let us look into the future and try to present some developments in the field of AI and IOT in a realistic concept. Some technologies may not be so mature yet, but when they are, you need to know what to expect. In the represented construct, there are many approaches and fields where you can take the leading role. Nevertheless, most important are the approaches to further development and generation of new ideas that prepare you for the future in the field of IOT. As so often, let us look at nature and imagine the drone equipped with AI as an insect. An independent, self-determining unit that contains the indirect (like a virus) characteristics of a living being:

  • Motion
  • Reproduction
  • Self-optimization / further development
  • Self-preservation
  • Responding to the changing environment
    There will be many drones, as in nature, optimized for the respective task. I will discuss an example of a flying drone that can transport parcels and works as a delivery drone. Or rather, who earns his money transporting goods from A to B. Many other designs would also be conceivable, such as cleaning drones for the streets, windows, facades, autonomous taxis, ...
    Drone's characteristics:
  • Independent unit that has self-preservation as its goal.
  • Like all living beings, the drone needs energy to keep it alive/active. This energy is not available free, so the drone needs the money. The drone is aware of that.
  • Further, the drone knows that it needs repair and protection from the environment.
  • With plenty of resources (money), the drone can afford extra features: further development and reproduction.
  • The drone earns money by providing the services (in this case transport).
  • The drone actively searches for a task. The tasks are offered by "Flowers". As in nature, the bee finds the task (distribution of pollen) in flowers and is paid for it with sugar (energy).
  • The drone decides whether the task can be completed based on several factors. (weather conditions, energy supply sufficient for the task, weight and dimensions of the goods to be transported, payment). * If the drone decides to accept the task, the further procedure is planned (route from A to B, a stopover for loading the batteries, possible repair).
  • Outside working hours (time during which the task is completed), the drone independently decides where the batteries are to be charged (fully automatic charging station), which accommodation is to be used (drone hotel - fully automatic accommodation of the drone), whether and which repairs are necessary (fully automatic repair station), whether the drone wants to tune itself (tuning station) or reproduce (reproduction station). The drone spends the money it earns.
    Now we have a possible representation of what constitutes the drone and what is important to the drone.

    The following points are described in more detail, here are the fields where XXXX can participate and advance as a pioneer:

  • "Flower"

  • Money

  • Charging station

  • Hotel

  • Repair station

  • Tuning station

  • Reproduction station

    "Flower"
    Blume is a station operated by private individuals or companies that contains the infrastructure that enables them to take on tasks and pay for them. In this case it is a landing site for the drone with a package and a connection for data exchange (payment, detailed task description). How does the drone find a task or flower? Two ways are possible, both have advantages and disadvantages and both can be used simultaneously.

  • Autarkic

  • Natural (if the drone does not have access to the Internet or any other network).

  • Networked (drone can access global network)

    Autarkic
    In order to find a task, the drone goes on the search for a suitable flower. The flower in turn tries to attract the drone by sending a beacon with a short signal describing the task, position and payment within a radius of several kilometers. Signal is visible to all drones in the area. Once the drone has received the signal, it decides whether the task is feasible or not. If the drone decides to accept the task, it moves to the coordinates described in Signal. If several drones decide to do this task, the one who is first at the flower will do the task. Here a competition develops; the faster drone will prevail with the time. After landing on the flower, the drone is automatically connected to the flower's network, where the data exchange necessary for the task and payment takes place. After the payment (in full or in instalments) has been made and confirmed, the package will be accepted. The drone is on its way to point B. At point B, the parcel is unloaded and the remaining amount is paid. The drone docks at the network connection of station B and a handover protocol is generated. This log is stored in a database (block chain) and serves as the basis for evaluating this drone. Based on this evaluation, the flower may refuse to perform the task of a particular drone in the future.

    Networked
    If the drone has access to the Internet or a network specially developed for this purpose, a suitable task can be taken from a task hub.

    Task hub
    Here the tasks of flowers and services of drones are offered globally. (If the drone has been properly tuned up, the delivery can take place over several kilometers). If several drones decide on a task, an auction starts. The drones undercut each other in price and delivery time. The winner can go on his way. If the drone is always online, the flower can track and evaluate the drone's arrival and delivery itself. If the drone has overestimated the delivery time in the quotation, this deviation is written into the drone evaluation. Next time, this drone may be denied surrender. In the end, the drone that can realistically assess the situation will survive. The task hub handles the payment and transmission of important data. For example, no mains connection is required for flowers as soon as the drone is connected to the mains wirelessly. And the station/airfield can be made easier. The result is a competition among the flowers and drones. Supply and demand regulate the balance. If there are few drones and many flowers available, the flowers will outbid each other with more pay per task. If there are many drones and few tasks available, the drones will undercut each other in price. It is now difficult to estimate whether the drones AI will develop the ability to dump the price. If the drone does not take into account the cost of any maintenance/repair, this drone will self-destruct in the long run. At the end, a balance will be reached where the number of drones (see reproduction) and the prices will adapt to the respective location.

    Money
    Money is the lubricant that keeps the whole ecosystem going. The drone behaves like a typical consumer - earning and spending money. It is not classic money, but means of payment / token / credit, which are accepted by all parties involved as means of payment. To keep it understandable, I will keep calling it money. Here the block chain plays a central role. The block chain is a distributed database that can only be filled (changes or deletions are not possible). Each participant has a copy of the database and can write any values into this database. Now there are many independent block chains, which mainly contain the transactions (address A transfers sum X to address B) e.g. Bitcoin. The selection of the suitable block chain is quite small, which would be suitable for the IOT applications. Classic block chain is too bulky and sluggish. The IOTA block chain approach is the more appropriate one. Also because here the transaction fees cost nothing (except energy for the calculation of the 2 previous transitions) and thus the smallest sums can be transferred (e.g. for 10 minutes loading at the charging station). The IOTA does not have the classic block chain structure, but a tangle. To keep it understandable, I will call it block chain in a more abstract way. The drone should be able to accept and make payment, and thus always transports its wallet with it. A connection to the Internet and electricity is required to process the transactions. In a self-sufficient procedure, i.e. if no Internet access is available, the transactions are carried out at the respective stations, using the Internet access of the stations (docking, transfer/receive, undocking). The recipient's data is required for the transfer. These are transmitted by the recipient after the specific request. This is a critical point in communication. If the data is transmitted wirelessly, someone can cheer on a wrong wallet address. For security reasons, an advance transaction can be carried out here. After confirmation of receipt by the recipient, the remaining amount will be transferred. In case when the drone pays someone for the services, the drone calculates the transactions itself, the recipient confirms the received transaction. In case, the drone receives the payment (paid by the flower), the flower calculates the transaction and the drone confirms the payment. With a networked approach, the task hub makes payment after confirmation has been received from all parties involved. For the safe handling of the payment and completion of the task, the concept "prepayment" can be changed to concept "partial payment". Here it must be shown, which concept becomes the common one.

    Charging station
    The charging station is a landing site where the drone can charge itself fully automatically and pay for this process. Private persons or companies can operate charging stations. As a self-sufficient solution for attracting the drone, the charging station must identify itself by emitting a beacon with signal (type of charging station, coordinates, and costs) similar to the flower. The charging station already occupied by the drone no longer sends a signal and is therefore not visible to the other drone. Of course, the drone can store the stations with it so that they can be included in route planning. As a networked solution, there could also be centralized platforms, similar to the task hub that bring the drones together with charging stations. The drone can then book the station and report to the station that it is on its way to the charging station. To be recharged, the drone pays money. Payment can be made before or after recharging. These two payment methods have some disadvantages. For example, if the drone has to fly away quickly. Therefore the approach with step-by-step payment (e.g. every 10 minutes) is more appropriate. Like the charging station, as well as the drone, the ratings can be left in the block chain.

    Hotel / Accommodation for the drones
    As is usual in nature, the drone can only be active in certain weather conditions. For some time the drone has to stay in a hotel/accommodation. Private persons or companies can operate hotel. A hotel is a place where the drone can automatically mature or leave. Accommodation is paid according to the length of stay (e.g. every 30 minutes). In order to avoid damage to the drone, some values, such as humidity and temperature, must be maintained. The drone can measure these values regularly in the accommodation and, in the event of deviations from the norm, can create and publish a negative rating. The drone as well as the hotel can write the rating into the block chain. In order to avoid the situation in which the drone cannot pay for accommodation, it is apparently necessary for the drone to show a certain amount so that it can be accommodated in a hotel.

    Repair station
    The drone constantly checks that all systems are functioning properly. If the deviations occur, the drone will select a suitable repair station and land there. Here, as with Hotel and Flower, the beacons are also used and/or the special platform (such as task hub) that mediates the opposite sides. An evaluation system is also used here. The repair station is a fully automatic diagnostic and repair system. If the drone lands on the platform, a link is established between the two, and the drone is sending the error report to the station. The platform then carries out its own diagnosis of the drone and evaluates the condition. If repair is needed, a price suggestion is made to the drone. If the drone opts for repair, the modules are replaced automatically. If the repair is very extensive and the drone has enough money, the main module (brain + wallet) is transplanted into the new body. It is important to design the drone so that each module can be replaced independently. The installed modules are written into the block chain in conjunction with the drone number to ensure that the modules are of the appropriate quality, i.e. new. Another advantage is that the longevity and failure probability of the respective module can be determined for all drones. And the evaluation of the individual manufacturers of the modules.

    Tuning station If the drone has earned a certain amount of money, it can make the decision to modernize individual modules. Drone is aware of the advantages of tuning. The price list of modules is available in network, so the drone knows if the available money is sufficient. If the drone wants to change to the next drone size, only the main module is replanted into the new body. The location of the tuning station and the evaluation is carried out by the beacon and block chain, as with the repair station.
    As with the repair station, the following steps are performed:

  • Drone lands

  • Link with station is established

  • Drone transmits the data with the wish to exchange one or more modules.

  • Drone shows that the required sum of money is available.

  • Tuning Station diagnosing the drone.

  • At this point, the tuning station can grant a discount.

  • If everything is in order, the tuning station carries out an automatic module change.

  • The drone tests the modules for normal functionality.

  • Station is running its own diagnostic on the drone and reporting.

  • The drone transmits the agreed sum.

  • The drone and station write and publish the ratings.

  • Drone is docking.

    The individual stations can also be combined so that the drone can receive a wide range of services in one place. The approach of private individuals is very important here for competition, broad acceptance and widespread distribution. The possibility to earn a little money with your own electricity is very lucrative. All you have to do is position a standardized charging station on the roof and the money flows.

    Reproduction - the Darwinian Approach
    If the drone has accumulated enough money, it can decide to reproduce. To do this, the drone must visit a special station where the data transfer will take place. The production of new drone takes over the normal factories. The manufacturing process is conventional. People can also put the drone together here. It is important that the AI of exactly this drone is duplicated and imported into new drone. The drone also gets an initial sum of money so it does not start with 0. The drone will be deployed in the same area as the mother drone. This is important because the drone is optimized for the conditions at this location. Therefore, the successful, or better said, richest drone, or better said AI, can reproduce further. Natural selection also plays an important role. If the AI is unable to assess the environmental conditions, they will be destroyed by wind and rain. If the AI cannot calculate correctly and accept the cheap orders, the drone will have no money for the repair and will be unable to retire and reproduce. If the drone is too slow, the others will be faster at the flower and take the order. If many drones are needed and accordingly a lot of money is offered for their performance, the drones will reproduce more and thus react to the changes. If there are only a few orders and many drones, the drones will no longer have any money to keep themselves alive. Due to the lack of predatory pressure, there is no procedure to reduce the number of drones. Therefore, it is also necessary to program in a death (battery empty --> death). The unloaded drones are recycled and separated into individual modules. The AI in the main module will be deleted.

    Necessary developments

  • Legislation is not yet ready, liability issue still unresolved.

  • Insurance for the drones (anything that has money can be insured).

  • Silent flying

  • AI is not ready yet

    What can you do?
    The construct I have presented represents a possible further development of the existing technologies. The same or similar approaches are actively pursued in many research and development departments. I cannot promise that this variant is inevitable, but man will be able to derive great benefit from these insects. Just like the bees, we need such helpers who, with appropriate miniaturization, can also take over the tasks of the bees.
    What can you do now to remain a pioneer?

  • Development of standardized stations (flower, charging station, repair station, tuning station, hotel).

  • Development of the task lift and other platforms that the drones can access.

  • Development of drones and individual modules

  • Development of beacons - Development of the AI

  • Development of communication interfaces

    More ideas

  • If I want my windows cleaned from the street side, I position a beacon on the windows, define the task in the beacon (clean this window) and pay and the passing drone will do it automatically and get the pay.

  • Same with the lawn drone.

  • An app for the delivery drone. I standing on the street and would like to hand over a small parcel to another person immediately. So I put the parcel on the street, take a photo of this parcel from above in the special app, specify the weight of the parcel and the recipient. After the receiver has confirmed that he is waiting for the parcel, the passing drone will grab the parcel and transport it to the receiver. In order to reduce misuse, the recipient does not have to leave a certain radius (the location of the recipient is determined by the app). If the recipient has disappeared, the parcel is delivered to the next Pack station. The sender will be informed and can pick up the parcel himself. The app pays for the drone. Such an immediate delivery is certainly very convenient.

  • Just like the drones in the wild, they can also be domesticated, e.g. for home or factory use. Here the same beacons can be taken, only the task to which the drone reacts will be different, so that no one from outside can lure the drone away.


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Bitcoin Oil Announces Planned Bitcoin Fork Featuring PoS and Other Key Bitcoin Improvements (current BTC/USD price is $3488.29852468)

Latest Bitcoin News:

Bitcoin Oil Announces Planned Bitcoin Fork Featuring PoS and Other Key Bitcoin Improvements

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Bitcoin [BTC] creates new record; continues downward spiral for the sixth consecutive month (current BTC/USD price is $3481.48571024)

Latest Bitcoin News:

Bitcoin [BTC] creates new record; continues downward spiral for the sixth consecutive month

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Pantera Capital CEO Explains Why Crypto Fundamentals Made a Difference in This Crypto Winter - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/pantera-capital-ceo-explains-why-crypto-fundamentals-made-a-difference-in-this-crypto-winter/

[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Challenges for Bitcoin and Altcoins 2019-2020

https://i.redd.it/18601bhs97e21.jpg

The year 2018 has come to an end, and analytical structures are starting to build their forecasts, trying to predict what challenges the leading coins of the cryptocurrency market can face. Expert estimates vary, but most of them agree that difficult times for bitcoins and leading altcoins can be. According to the conducted research, the next two years may become the most critical for currencies. Already, there is a steady downward trend in Bitcoin transfers by several tens of thousands. The volume of dollars that are transmitted through the blockchain has dropped to several hundred million dollars, then, at the beginning of the year it was more than three billion. Analysts are afraid of that in the next two years the volume of transactions may fall to critical values.

In this case, it will cause a sharp drop in demand for cryptocurrencies themselves and a decrease in their total capitalization to the minimum values. Therefore, optimistic statements by a number of traders that bitcoin and alt-coin will increase in value several times may turn out to be groundless.

Another challenge that leading coins will have to face is the increasing attacks of fraudsters on cryptocurrency exchanges. Until now, many of them do not have effective protection against hacking, especially in Asia, where the greatest number of attacks is recorded. As a result, users lose tens of millions dollars and begin to doubt whether it makes sense to work on the crypto market. In the event of a massive attack on leading crypto exchanges, bitcoins and altcoins, they can be in a very vulnerable position. Because of the panic, investors will begin to get rid of them, and they will return to their original state. Bitcoin and altcoins will be of interest only to gamers and those who use them for the Darknet network.

The threat is also the fact that it is Darknet that is beginning to capture an increasing number of the network segment, where cryptocurrencies are an ideal means for secret transfers. If regulators find this unacceptable, then the most severe measures can be taken to regulate the entire cryptocurrency market and then the coins will lose their attractiveness in the eyes of the participants and their capitalization will drop sharply.

As a result, it can be said perhaps Bitcoin and Altcoin will be able to survive all the challenges that await them in the near future, but one thing is clear, the crypto market will be completely different than we know it now.


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Vechain Tax difficulties

I posted this in a daily a couple days ago, but I think it deserves its own thread. I am talking about USA taxes hear in particular, but it should apply to some other countries as well.

I used bitcoin.tax last year to do my crypto taxes and it was quite easy however this year I am not sure I will be able to do so due to these three tax issues with Vechain.

  1. Ven to Vet swap. Hopefully this doesn't count as a taxable event, but I also don't know how to input it into bitcoin.tax

  2. Thor accumulation. This is taxed as normal income, not capital gains. I am not sure how to value the Thor. Do you average the cost monthly? Before OceanX the cost was only based on LBank and for the first month LBank had crazy prices because you couldn't deposit. I don't want Thor income to be taxed at like 3 cents per during that first month because I would lose more money than all my Thor is worth. Especially considering there was no actual way to sell, so is an asset really worth something if you can't actually sell it?

  3. OceanX currently does not display trade history before 1/1/2019 so I don't know how to record my transactions from OceanX.

Does anyone have any thoughts on how to deal with these?


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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Casa Launches A Browser Extension For Its Lightning Bitcoin Node, Works On Chrome And Firefox - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/casa-launches-a-browser-extension-for-its-lightning-bitcoin-node-works-on-chrome-and-firefox/

FANTASY COIN

https://i.redd.it/7dsnu9fyg6e21.png

INTRODUCTION

Cryptocurrency is essentially digital money traded from one person to another through the use of pseudonyms. There are no intermediaries like banks, no governmental oversight or authority, and no fees. The “crypto” in cryptocurrency refers to the use of cryptography to ensure the security and privacy of every transaction.

New coins are created through a technique called mining. The process requires powerful computers that solve complex math problems. Each problem should take about 10 minutes to solve, and results in the creation of a predetermined number of coins. The total number of coins that can be created is fixed — there’s a limit of 21 million bitcoins that can be created. The number of coins rewarded for solving each problem dwindles as time goes on.

Bitcoin is believed to have been created in 2009 by Satoshi Nakamoto, an enigmatic figure who has so far proven all but impossible to definitively identify. By using cryptography to control the creation and tracking of a digital currency, Nakamoto took that power away from central authorities like governments.

Bitcoin was the first and most famous digital currency, but you can choose from more than 1,500, including ether, litecoin and even cryptokitties. For awhile, you saw these currencies only in the darkest corners of the internet, where people used them for all sorts of questionable, even illegal, activities. Drug dealers liked them because they made transactions all but invisible, and trolls at the Kremlin-backed Internet Research Agency used bitcoin to finance their campaign to influence the 2016 election.

That started to change in 2014, when Overstock became the first major US retailer to accept bitcoin. Companies like Expedia and Microsoft followed suit.

One of the biggest misconceptions about cryptocurrencies is that you need thousands of dollars to invest. It’s an easy assumption to make, especially in the case of bitcoin, which stayed under $1,000 from about 2010 to 2017. But then it took off, surpassing thousand-dollar milestones at a pace that seemed quicker than you could refresh your phone.

The staggering value is off-putting to many. But unlike most stocks, you can buy a fraction of a bitcoin so you don’t need thousands to get into the crypto game.

As more technological advancements are uncovered, FXXX was created to disrupt issues of monetization faced by virtual reality, #fxxxcoin holders can enjoy contents posted other users in virtual reality and in return incentivize owners with FXXX.

OVERVIEW

FANTASY is a platform that allows users buy a virtual real estate inside a functional red light district (virtual reality), this invention was created to give users that exciting feeling they always dream of inside their minds. The thing is they need to have enough #fxxx coins to explore every theme, street & window on the platform else their access will be denied.

https://i.redd.it/egwod8w4h6e21.png

#fantasy is backed by its own digital asset broken into 19 different themed sectors, users can pick fantasies best suitable for them and imagine themselves inside of them. They can step out of the red light window and become stars they’ve always dreamed to be. The more #fxxx coins owned the more exploration on this unique virtual reality escapade.

THE LIST OF EROTIC DREAMS OFFERED BY FANTASY

  1. Riot Kitty - Central Hub
  2. Dude Sweet - Beach Boys
  3. Booty Sector - Hip hop and Booty
  4. Disci Plinarian - Fetish
  5. Snowbirds - Snow Time
  6. City Boys - Suits and Stubble
  7. Bad Boys - Always in Trouble
  8. DJ - Shag an Idol
  9. Lovers Guide - How To!
  10. Sex Toys - Use it on me!
  11. Toy Boys - All male review
  12. Silicon Alley - I have Boobs Now
  13. Strut - Rock Stars Can Walk On Me
  14. Cherry Bomb - Gay District
  15. Femme - Girls Only
  16. Soi Cowgirl (Colony on Mars Moon)
  17. Shinjuku (Colony Mars Moon) - Anime
  18. Fast Car - Take Me For a Ride
  19. Voyeurs - I like to be watched

with each sector delivering its own type of erotic imaginations. Everyone is invited to step in and experience those desires they’ve been longing for letting go of whatever they’re going through. Viewers can receive #fxxx as an incentive for watching sexual content made available by brands.

FANTASY COIN (FXXX) & WALLET USE CASES

FXXX is the acronym of FANTASY COIN, and it will be the standard cryptocurrency used for making payments for services rendered on FXXX Network, after Initial Coin Offering no FXXX coin will ever be created, minted or mined. FXXX will fuel the development of the network and also provide fast, secure, transparent, efficient transactions on the network.

FXXX was created to disrupt issues of monetization faced by virtual reality, #fxxxcoin holders can enjoy contents posted other users in virtual reality and in return incentivize owners with FXXX. Frequent users of the platform will be able to earn enough for themselves and they will have unrestricted access to premium subscriptions.

FXXX wallet was integrated with the blockchain technology, #fxxx wallet has the functionality to power real-life merchandise purchase. Users can access the platform without the need to purchase ethereum first that is to say both masters of the blockchain technology have a chance. Tokens can exchange tokens smoothly with its decentralized exchange technology.

COIN ECONOMICS

COIN NAME: FANTASY COIN

TICKER: FXXX

NETWORK: ERC-20 COMPATIBLE

TOTAL SUPPLY: 5 BILLION FXXX

PRICE: $0.10c

HARD CAP: 10 MILLION USD

TOKEN ALLOCATION

ADVISORY BOARD: 5%

TEAM: 15%

CONTRACTORS: 10%

USER GROWTH POOL: 10%

CROWDSALE DISTRIBUTION: 60%

FUNDS DISTRIBUTION

CONTIGENCY: 5%

ADMINISTRATON: 10%

CONTRACTORS: 15%

CONTENT ACQUISITION: 20%

MARKETING: 20%

AR/VR PLATFORM: 30%

FOR MORE INFORMATION AND INVESTOR RESOURCE:

Website: https://www.fxxx.io/?utm_source=Bounty0x

Whitepaper: https://static1.squarespace.com/static/5b18b3bda2772ce12cb7d821/t/5b763ae56d2a730418610371/1534475009281/FANTASY+FXXX+White+Paper.pdf

Facebook: https://fb.me/FXXXcoin

Telegram: https://t.me/FXXXCoin

Linkedin: https://linkedin.com/company/fxxxcoin

Twitter: https://twitter.com/FXXXcoin

PUBLISHER

Bounty0x Username: idrixoxo



[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Latest Update: Example of Trendscore and latest progress

It's been two weeks since I last updated you all about the progress for CoinQuanta.com. I had a tragic event in the family that took me out of work for a week, but I am continuing to make good progress in rest of the time. My biggest focus is on having a tight feature set, usability and deployment to Amazon cloud on multiple servers. All of them have their own challenges!

Trend Score vs Raw Performance

The screenshot below (from the latest working version, not a mock) shows an example of the new TrendScore metric. It captures recent and consistent trends quite nicely! You can see the difference in the performance vs trendscore of the two coins below. With this metric, it becomes really easy to find trending investments over any time frame and dig in for more info within the same results screen.

The main highlight is that CoinQuanta can automatically compare them for all cryptos and automatically surface trends to the top. You can further personalize the results any way you like, including safety insights, time horizons, marketcap etc.

More details here in this blog post.

https://i.redd.it/ayqx5yfme6e21.png

Comparison of Your coins with Bitcoin and all the other coins

The main feature of Coinquanta is to be able to compare your own coins vs hundreds of other coins to find exciting opportunities. I will post a screenshot in a separate post. This has progressed nicely and close to being done!

Other things I am working on:

  • Fixing lots of bugs!
  • Adding some documentation and tips in the interface to help everyone appreciate and use the different quant insights well.
  • Cloud deployment stuff to make sure it can work correctly/not fail and handle many users.

At this pace, I hope to be able to have it in your hands by mid February. Feel free to post any questions!


r/Bitcoin recap - January 2019

Hi Bitcoiners!

I’m back with the 25th monthly Bitcoin news recap.

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

You can see recaps of the previous months on Bitcoinsnippets.com

A recap of Bitcoin in January 2019

Adoption * The number of daily bitcoin transactions has been increasing rapidly again (10 Jan) * Bitcoin ads in Tokyo (11 Jan) * A fish-market in San Diego accepting bitcoin (12 Jan) * A discussion on handing out bitcoin at work (14 Jan) * Bitcoin transactions have increased by 50% over 6 months, with fees at a 2 year low (16 Jan) * LocalBitcoins has more volume than the Venezuelan stock market (16 Jan) * A popular content creator deletes his Patreon account and starts accepting bitcoin (16 Jan) * Buying bitcoin at one of 20k coinstar machines (17 Jan) * A story from a European teacher working in China using bitcoin to send money home (22 Jan) * Germany has 1/5th of the world’s Bitcoin nodes (23 Jan) * SatoshiLabs’ Lightning Node routes over 1 btc in transactions in one day (27 Jan) * Someone in Cambodia uses the Lightning Network and Bitrefill to pay their $1 weekly phone bill (30 Jan) * The Lightning Network reaches 600 btc in capacity (30 Jan)

Development * A special thank you to all the Bitcoin Core contributors in 2018 (1 Jan) * A discussion on the need for a lightning network stress test (6 Jan) * New Lightning apps made at the Seoul Bitcoin Lightning Hackathon (7 Jan) * Wasabi wallet can now mix large amounts faster (12 Jan) * Bitcoin Core developer Adam Gibson talks about fungibility, privacy and coinjoin (16 Jan) * A new Bitcoin developers school is launched in Switzerland (28 Jan)

Security * Bitcoin’s immune system (2 Jan) * A discussion on the importance of running full nodes after an attack on another cryptocurrency (8 Jan) * Google Play store requires Samourai Wallet to disable some of its security features (8 Jan) * The Kraken exchange CEO warns users to not store coins on an exchange if you’re not actively trading (16 Jan) * LocalBitcoins.com is compromised (26 Jan)

Mining * Bitmain lost 28% of its bitcoin mining market share in 6 months (2 Jan) * An analysis of a strange nonce pattern in Bitcoin since block 400k (7 Jan) * Bitcoin mining becomes more decentralized as Bitmain loses dominance (18 Jan)

Business * Overstock becomes the first major US company to pay taxes in bitcoin (4 Jan) * Gemini exchange promises it will start using SegWit, Bech32 addresses and transaction batching by the end of Q1 2019 (7 Jan) * Gab emails its 850k users about its switch to Bitcoin (9 Jan) * Bitrefill launches a Lightning channel opening service (9 Jan) * Jihan Wu is stepping down from his role as CEO of Bitmain according to an insider leak (10 Jan) * Bitcoin crowdfunding powered by BTCPay (10 Jan) * Bitmain shuts down its btc.com office (14 Jan) * One of the biggest banks in the Netherlands launches a bitcoin wallet (23 Jan) * A ‘leaked’ photo shows that the Samsung Galaxy 10 has a cryptocurrency wallet (24 Jan) * Data collection by bitcoin businesses (29 Jan) * Fidelity will launch its bitcoin custody service in March (30 Jan) * Paxful a P2P bitcoin marketplace, launches its second school in Rwanda (31 Jan) * The QuadrigaCX exchange goes bankrupt after losing access to its cold wallets (31 Jan)

Research * Data on the Proof of Keys event over the last 9 years (2 Jan) * 50% of the bitcoin supply hasn’t moved in a year (10 Jan) * A rebuttal to the reports of Bitcoin’s environmental damage (31 Jan)

Education * Bitcoin’s first block was mined 6 days after its genesis block (10 Jan) * TIME on why Bitcoin matters for freedom (24 Jan) * A simple explainer video of the Lightning Network (27 Jan)

Regulation & Politics * Coinbase bans Gab.com and its founder (5 Jan) * Some Yellow Vests in France are calling on their supporters to withdraw their money from the banks (8 Jan) * Wyoming introduces bill offering cryptocurrencies legal clarity (19 Jan) * The government of Zimbabwe shuts down the Internet country-wide and hurts its economy (21 Jan) * Venezuela’s new interim president is pro-bitcoin (25 Jan) * Iran lifts its Bitcoin ban (29 Jan)

Archeology (Financial Incumbents) * The European Central Bank has printed €2.85T since 2015 to help sustain the EU economy (4 Jan) * Some of the Yellow Vests in France are calling upon supporters to withdraw money from the banks (8 Jan) * EU fines Mastercard for €570M for high fees (22 Jan)

Price & Trading * Don’t look at ATHs, look at yearly lows (3 Jan) * Whenever you doubt your investing decisions, remember this guy (4 Jan) * Someone creates an open-source terminal dashboard for automated trading and charting (15 Jan)

Fun & Other * Someone put 5% of their paycheck into bitcoin for 3 years (1 Jan) * Bitcoin featured in The Times newspaper on its 10th anniversary (2 Jan) * Bitcoin was launched 10 years ago (3 Jan) * A “How to use bitcoin anonymously” article gets banned on Medium (5 Jan) * A street art treasure hunt in Paris with a Bitcoin puzzle (7 Jan) * An AMA with the co-founder of Wasabi Wallet (7 Jan) * People are trying to encourage others to quit smoking and acquire bitcoin with those savings (8 Jan) * 10 years since Hal Finney’s “Running Bitcoin” tweet (9 Jan) * Gab calls bitcoin “free speech money” (9 Jan) * Nick Szabo on Central Banks, gold and bitcoin (11 Jan) * A discussion on the public perception of ‘hodl’ (12 Jan) * A Twitch streamer receives 20 bitcoin in donations (13 Jan) * The Paris bitcoin puzzle was solved (14 Jan) * An AMA by Blockstream (16 Jan) * The challenges of launching a new cryptocurrency with Proof-of-Work today (16 Jan) * A bitcoin logo on a football team’s shirts in Israel (21 Jan) * Buckminster Fuller on an energy-value system in 1981 (22 Jan) * Someone started anonymously broadcasting messages over Blockstream’s satellites (24 Jan) * Bitcoin is inspiring a new generation of investors (28 Jan) * A story from someone who lost ~$2M USD in btc (29 Jan) * A discussion on tokenization in stock and bonds trading (31 Jan)


SovereignWallet Crypto Company Announces Its New “Fastest-Transfer-In-The-World” Service - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/sovereignwallet-crypto-company-announces-its-new-fastest-transfer-in-the-world-service/

Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO (current BTC/USD price is $3486.83605128)

Latest Bitcoin News:

Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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Nasdaq Head Explains Why Institutions Are Still Holding Back On Bitcoin (current BTC/USD price is $3485.7343078)

Latest Bitcoin News:

Nasdaq Head Explains Why Institutions Are Still Holding Back On Bitcoin

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
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Other ways to interact:


[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Saturday, February 02, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


/r/Monero Weekly Discussion – February 02, 2019 - Use this thread for general chatter, basic questions, and if you're new to Monero

Index

  1. General questions
  2. Wallet: CLI & GUI
  3. Wallet: Ledger
  4. Nodes

1. General questions

Where can I download the Monero wallet?

There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. All wallets listed below are open source. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files.


Desktop wallets

Wallet Device Description Download link
"Official" GUI / CLI Windows, Mac OS X, Linux The default implementation that is maintained by the core team. Use this one to run a full node and obtain maximum privacy.Has Ledger (hardware wallet) integration. Current version: 0.13.0.4 / 0.13.0.4. GetMonero.org
MyMonero Windows, Mac OS X, Linux MyMonero is a lightweight wallet, which means you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. They also have web-based and iOS versions. Linux / Mac OS / Windows

Mobile wallets

Wallet Device Description Download link
Monerujo Android Popular Android lightweight wallet that has very cool features, like integration with xmr.to which lets you send payments in BTC using your XMR. It also has Ledger (hardware wallet) integration. Website: https://www.monerujo.io/. Google Play / F-Droid / GitHub
MyMonero iOS iOS version of the MyMonero wallet. All versions have interoperability. App Store
Cake Wallet iOS Popular iOS lightweight wallet that has integration with MorphToken, which means you can instantly exchange your XMR to other coins and tokens. Website: https://cakewallet.io/ App Store
X Wallet iOS Another iOS lightweight wallet. Website: https://xwallet.tech/ App Store
Edge Wallet Android / iOS This is a multi-assets wallet, meaning you can store Monero, Bitcoin, Ethereum and other tokens in one single app. https://edge.app/ ⚠️ Relatively new - use with caution! ⚠️ Google Play / App Store

Web-based wallets

Wallet Description Link
MyMonero Web version of the MyMonero wallet. All versions have interoperability. Web
XMRWallet Web wallet with TOR support. ⚠️ Relatively new - use with caution! ⚠️ Web / Onion URL

How long does it take for my balance to unlock?

Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.

How can I prove that I sent a payment?

The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).

How do I buy Monero (XMR) with Bitcoin (BTC)?

There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.

How do I buy Monero (XMR) with fiat?

  • Kraken (USD and EUR): old-school, decent exchange. They might require your documents for verification and approval of your account.
  • LocalMonero: peer-to-peer exchange. They have pretty much everything as a payment method and they support hundreds of fiat options.

How do I mine Monero? And other mining questions.

The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit r/MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.


2. Wallet: CLI & GUI

Why I can't see my balance? Where is my XMR?

Before any action there are two things to check:

  1. Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
  2. Is your wallet fully synchronized? If it isn't, wait the sync to complete.

Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.

You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.

If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.

How do I upgrade my wallet to the newest version?

This question is beautifully answered on StackExchange.

Why does it take so long to sync the wallet [for the first time]?

You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.

Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).

I don't want to download the blockchain, how can I skip that?

The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.

Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.

How do I restore my wallet from the mnemonic seed or from the keys?

To restore your wallet with the 25 word mnemonic seed, please see this guide.

To restore your wallet with your keys, please see this guide.


3. Wallet: Ledger

How do I generate a Ledger Monero Wallet with the GUI or CLI?

This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.


4. Nodes

How can my local node become a public remote node?

If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".

How can I connect my node via Tor?

This question is beautifully answered on StackExchange.



Cashing out PayPal

There are countless ways of cashing out PayPal, I’m going to list the most popular and effective ones:

1) PayPal Business Debit Card: The Holy Grail of PayPal Cashing out, this is hand down the best way of cashing out PayPal funds. You can simply make a PayPal receiving account and ship the debit card, make the receiving account extremely strong or you can make a long term cashout account that is linked to the debit card and pass the funds of the receiving accounts to the cashout accounts, if you extremely paranoid and want the cashout to never die, you can use upwork.com for fully clearing the funds.

2)  Bank Drop: you can simply attach a bank drop to the receiving account and withdraw to money from there, this is another good way of cashing out the funds, the real problem comes when we have to cash out , that will be discussed later.

3)  Bitcoin Prepaid Cards: you can attach a cryptopay.me or e-coin.io prepaid card to an European account ( USA accounts are not allowed to do so) and withdraw the PayPal funds to the Prepaid Card, you can then unload the funds from the card to a BTC wallet.

4)  Buying Physical Items: you can buy Physical items with PayPal and ship them to a Physical drop then sell the item on classified ads.

5)  Buying Digital Items: you can buy Digital Items such as Gift Cards, and then convert them into BTC from sites like: localbitcoins.com, paxful.com etc. be aware its not that easy to cashout hat nowadays.


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Our Price $10

Buy it Now: http://satoshibox.com/pr6bvh4quhg5wrs3zjac7ijz

I'll show you here a technique that I personally used and that works since early 2018. Because this guide is intended for noobs in first place, I'll explain this method for getting to two days payout on Stripe and make at least $3k-$5k per setup. You will receive here not only information on how to setup, but most important, why do it like I sayit and not any other way.



How to buy from us?

It is completely Safe and Easy to buy from us.

When clicking the link you go to Satoshibox: an Old and Reliable Platform for Selling Digital Content for Bitcoin. (Guarantee that you will receive what you are paying for).

It's all done in 2 Simple Steps:

1 - You click on the button ¨buy for $10¨ and choose which crypto you want to pay with: Bitcoin, Litecoin, Bitcoin Cash, Monero, Dash, Dogecoin and ethereum!

2 - They will show you on screen an address to deposit the coins. As soon as you deposit it the Download will be automatically released.

E-mail: [mrgwydion@protonmail.com](mailto:mrgwydion@protonmail.com)

Wickr: gwydion

Jabber: [MrGwydion@jabb3r.de](mailto:MrGwydion@jabb3r.de)