Bitcoin pulse, guides and news: 06/25/19

Tuesday, June 25, 2019

Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!

http://blog.btcpeek.com/2019/06/26/bitcoin-what-is-it-your-definitive-guide-to-bitcoin-wealth-4/

How to Launch a Security Token: The Complete Guide - Bitcoin Market Journal

https://www.bitcoinmarketjournal.com/how-to-launch-a-security-token/

[Daily Discussion] Wednesday, June 26, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Bigger than anyone expected. History rhymes but doesn’t repeat.

Bitcoin has broken an important historic pattern by breaking the bear trend with a rally well above 50% of the previous all time high. The historic patterns might not be a guide here on out.

I believe the entrance of institutional wealth en mass that began with Fidelity’s custody platform will add great sophistication to the market than the traders making predictions based on historic patterns.

THE SUPER WAR: (MCU 2019) Avengers vs. (FOX 2018) X-Force

The year is now 2035 and the world has finally set in peace, after an event that brought a lot of people back to live including Iron Man. However recently there has been some disturbance with Tony, and no it is not about Peter’s skills going off the charts, he has been talking a lot about this group named “X-Force” and dislikes the fact that they work in dirty ways, he has been expressing to Steve that they should talk to these people or shut them down completely, Steve agrees as this could help their Bitcoin founding and the possibility of discovering some dark secrets, Tony insists to inform the others for a huge mission. The Avenger start contacting their friends to back them up.

Meanwhile back in the new “X-Force” trailer park, which Wade and Piotr managed to establish before they can get enough funds for a mansion with the team growing each year, all X-Force members live their lives doing wet works that no other person would do, Russell has finally been trained, Vanessa got married to Wade but decided to finally mutate her cells giving her mutant powers and Nathan regretting his decision to save Wade. The team get a message from an unknown source telling them to face the consequences:

X-Force… Your ability to have freedom has to end, surrender now or we will intercept, Avengers will end your misconduct

Wade gets pissed off at this, Vanessa and Piotr try to calm him down but he decides to pay these “Avengers” a visit, however Piotr thinks that fighting them will not solve anything but he won’t listen, so he replies:

Why don’t we settle this like men? Meet us at that Illuminati military place

Avengers head to the location, all geared up and ready for combat, same with X-Force.

TEAMS consist of:

Avengers:

Iron Man
Captain America
Winter Soldier
Captain Marvel
War Machine
Black Widow
Ant-Man
Dr. Strange
Scarlet Witch
Nebula
Falcon
Black Panther -Thor
Vision
Spider-Man
Hawkeye
Okoye
Professor Hulk

X-Force:

Deadpool
Cable
Colossus
Negasonic Teenage Warhead
X-23
Lady Luck
Yukio
Copycat
Firefist
Angel Dust
Bedlam
Shatterstar
Zeitgeist
Vanisher
Marrow
Bob Agent of X-Force
Peter W.
Juggernaut

ROUND 1:

All out fight, no holding back.

ROUND 2:

Professor Hulk makes it to the combat zone and joins the fight with the Avengers.
Juggernaut was contacted earlier by his friend Russell and gives X-Force a hand.

RULES:

All characters have their current abilities and gear except for HAXS.
Everyone is in character.
Avengers are from Endgame.
X-Force are from Deadpool 1/2.
Dr. Strange can’t reverse time.
Thor has Mjolnir
Giant Man can only get as big as Civil War.
Winter Soldier has his metal arm.
Firefist has combat training, so does X-23.
Copycat has her comic book abilities but in live action form.
Both teams start 80 feet apart.
Win by death or KO.

LOCATION:

Area 51

FIGHT!!!

[Daily Discussion] Wednesday, June 26, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

[Daily Discussion] Wednesday, June 26, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays
Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Wednesday, June 26, 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.

Other ways to interact:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
Prior Altcoin Discussion: Altcoin Discussion

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

Mihaill Kudryashev, a Front-end engineer at PLATINUM ENGINEERING, wrote this article while seeking to raise awareness about USDQ, a stablecoin his team is helping to develop. Among the biggest benefits, USDQ brings full decentralization and predictive capabilities. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under Q DAO governance. Slowly learning more about blockchains, Mihail has been effective in transforming vague ideas into effective front-end solutions with strong UI/UX. Within his team, he’s helped many crypto startups to make their voice heard throughout the emerging global crypto community. In this article, Mihail looks into the key benefits that users win from using USDQ.

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. It's backed by Bitcoin (another top 10 cryptocurrencies will be added in future). The elegant system places all transactions on the blockchain and empower users to execute cross-border and disintermediated transactions at any time and from any place. It's pegged to the value of USD, i.e. 1 USDQ always equals 1 USD. The ecosystem's design borrows heavily from fractional banking systems. In the nutshell, USDQ is a customer-facing stablecoin and Q DAO is an internal "operational" coin; together they help create a stabilized safe haven for anybody who's looking to hedge against rampant volatility of crypto markets.

Introduction to Q DAO and USDQ

There's a number of factors that prevent mass adoption of cryptocurrencies. The biggest factor among this is high volatility, seen in crypto. Bitcoin, the oldest and most popular coin, has been fluctuating with prices oscillating between 20,000 and 3,500 in just one year of 2018. No potential adopters, be it merchants or individuals, would be happy with suffering huge losses that such drastic changes can entail. And it's this high volatility that USDQ is set to address, bringing stability and convenience.

Tether (USDT) is probably the most well-known and widely used stablecoin. However, it has been embroiled in various controversies from the very start with no end to these in sight. Although the system is supposed to assure the 1-to-1 fiat reserves for all Tether units created, the website content has been recently changed to say that the issuer views not only cash in the bank, but also various loans to other companies, as the reserves. Both regulators and crypto enthusiasts have voiced concerns, which might bode ill for Tether in the months to come.

USDQ works differently. Here, the stablecoin is pegged to US Dollar and backed by Bitcoin (+top 10 other cryptocurrencies in future). It's similar to lending operations and fractional banking systems. Overcollateralization is used to mitigate potential unexpected changes in assets prices. The USDQ ecosystem is highly transparent as all of the operations are recorded on the immutable Ethereum blockchain, open to review by anybody and at any time. The smart contracts bring automation to business processes and eliminate the need for middlemen to assure trust and prevent abuse.

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

Q DAO is governance token, entitles holders to participate in voting for new decisions. Importantly, holders are interested seeing Q DAO's prices growing and thus they are incentivized to thoroughly review proposals and deliver the best decisions. In this way, Q DAO imbues higher democracy and decentralization, on which many current crypto projects lag.

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In order to create USDQ, a user needs to transfer Bitcoins into a Collateralized Debt Contract (CDC). This will automatically trigger the smart contract to generate USDQ and send it to the user. In order to change USDQ back into crypto assets, users need to pay back the amount of USDQ they input and the fees, chargeable in Q DAO Tokens. Whenever this is done, USDQ is automatically destroyed and the Collateralized Debt Сontract is closed.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

The main difference between projects like Tether and USDQ is complete transparency and openness in the inner workings of USDQ. All the data is easily accessible on the blockchain and there are no rumors or controversies as to the reserves held by the team, potential conflicts of interest or hidden agendas.

The CDС mechanics ensure that it's impossible to create fake units of USDQ, as smart contract can be activated only after an amount in Bitcoins is input. The development is being done completely transparent. Interested parties can review the smart contract, presented on the website. The audits and peer reviews were carried out to assure the highest quality of smart contract. The website-based scanner enables to track all the data about each and every transaction, including time, amount and collateral size.

In addition, should a "black swan" event occur, i.e. a drastic fall in Bitcoin prices, Q DAO is sold on secondary markets. Bitcoin value is liquidated to make a USDQ buyback procedure, which prevents any losses on the part of the system's users.

Additionally, PLATINUM BLOCKCHAIN ENGINEERING which is helping to develop the ecosystem is working hard to build up long-term partnerships with stakeholders in the crypto industry. The more liaisons the team wins, the better outlook for USDQ will be.

Why do we need stablecoins anyway?

Different assets produce varying levels of volatility in prices, when compared to each other. For instance, the purchasing capacity of US dollar has reduced over time with 1 USD from 1913 equaling 24 USD today (2019). This happens due to inflation 3-10% per year. In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Stablecoins don't attempt to fight inflation. Instead, coins like Tether and USDQ peg themselves to US dollar, bringing relatively higher stability to crypto trading communities. One of the most famous transactions with Bitcoin is when a pizza was bought with Bitcoin back in 2010. At that time, the pizza ended up costing just a couple of bucks, but today it costs millions. Although stablecoins continue to be impacted by inflation and exchange rates that come to them from fiats they peg themselves to, they are nowhere near the mindboggingly high volatility of crypto assets.

One of the major use cases for stablecoins like USDQ is concluding long-term contracts. For instance, when using a popular decentralized platform Augur, users can bet on the price of oil in 5-10 years. The problem is that you won't only have to account for future changes in oil prices, but also for prices in Ethereum or Bitcoin that you use to make the bet. USDQ solves this problem elegantly and without much trouble. Using it, users don't have to consider future changes in Bitcoin prices and they can concentrate on what they've come here for - betting on future events. And they don’t have to worry about technical details as it’s easy to purchase USDQ and use for trader’s purposes.

Betting industry is just one of the many use cases, where USDQ can bring benefits. It can be successfully used for any transactions done across borders and long-term financial contracts. Virtually, USDQ opens up new opportunities any time value is exchanged and volatility has a negative effect.

Bottom Line

USDQ has a high potential to democratise transactions between companies and individuals globally, bringing fast execution and low volatility. The "PLATINUM BLOCKCHAIN ENGINEERING" is working hard to enable and improve various features in order to help USDQ to take leading positions on crypto markets.

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.

USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage.

USDQ brings higher decentralization, driving this important vector in the development of crypto industry.

Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

Taking into account these beneficial features, there's no question that USDQ will become a viable alternative to other fiat-backed cryptocurrencies like TUSD, USDT, GUSD, USDC etc. Competing with other stablecoins, both already operating and just being developed, PLATINUM ENGINEERING will roll out the new features and underlying tech solutions that'll help propel the coin.

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.

PLATINUM ENGINEERING values your opinion and welcomes you to continue the conversation on Telegram or Facebook, where the company’s development team is always ready to help you find solutions to pressing issues. Working on projects like USDQ, Michael has gained an invaluable suite of skills and insights, enabling to roll out high-usability UI/UX with tight deadlines and lack of clear expectations as to user behaviors. The team has successfully produced white-label wallets, stand-alone fundraising platforms, as well as integrated fundraising ecosystems. Any startup looking for a reliable partner to help execute a success-story will win from a free consultation with the PLATINUM ENGINEERING team about potential solutions to their needs and issues.

This overview may not be fully exhaustive and does not assess the viability of any project, nor its team legitimacy. Readers should conduct their own due diligence before using or investing in any of the listed Stablecoins. This article represents the author’s opinions only and should not be considered investment advice. All described functionality in the article is still under development, it can be changed/processed. Please follow the updates.

[Daily Discussion] Wednesday, June 26, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

Introduction to Q DAO and USDQ

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

Why do we need stablecoins anyway?

Bottom Line

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.

USDQ brings higher decentralization, driving this important vector in the development of crypto industry.

Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

Couple of questions

This morning I decided to buy 500 dollars in bitcoin and got 494 worth from the cash app (square cash). Now it’s worth 525. I plan on keeping it there for a long time and don’t plan on selling it anytime soon. Can I just keep it in the app and watch it grow (hopefully) or do I have to put it in my blockchain wallet (don’t want to deal with transaction fees rather just keep it where I bought it). Also in the event I do want to sell could I just transfer it back to fiat money?

If I make or loose money will I have to report it with my tax returns? Or is it to small of an amount for that?

Sorry I’ll admit I’m a newb again. 4 years ago I had 2 bitcoins and sold them when I doubled my money, not going to make that mistake again.

Thanks for any advice!

EcomToken: The Ecom Platform Born To Simplify The Operation With Crypto

Global adoption takes its course and continues to expand a new trend shift. In the age of data, privacy, and other Internet-related issues, we are witnessing a progressive crypto boom during 2019 that focuses on simplifying and expanding ecosystem services and applications. In this line of events, the Ecom platform presents version 4.0 of its wallet.

For those interested in downloading, it can be found in the App Store (iOS), Google Play (Android), and APK File (Android). The wallet is compatible with the storage, reception and sending of contrasted cryptocurrencies and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance token (BNB), 0x (ZRX), Maker (MKR), Basic Attention Token (BAT), Huobi Token (HT) and VeChain (VET).

It also has secure, stable tokens (stablecoins) such as True USD (TUSD) and USD coin (USDC). In addition to offering a range of pairs that will grow progressively, the wallet is compatible with cash withdrawals, receipts, and other functions including exchanging with the ECK token quickly. All complicated operations become waiting-free and straightforward for users, thanks to a system managed by artificial intelligence (AI) and EcomToken’s smart contracts.

Automated technology for fast order management with BotTrader Through the Ecom wallet, the platform can tokenize all products bought and sold in the system; mainly thanks to the exchange pair in its native ECK token. The ECK/BTC swap pair will provide a good part of the liquidity and will activate the artificial intelligence gear that makes quick exchanges happen. This type of automation guided by smart contracts will feed an entire order network that will make the BotTrader service possible.

BotTrader offers an easy way to manage a wide range of orders. From placing a single order to thousands of them; by this, we mean wholesale orders (whether buy orders, sell orders or both). By offering this service, scanning low point purchases on all pre-programmed exchanges are automated. Combined with automatic market scans, BotTrader also scans the upside outlets on those exchanges.

When there is a price difference, the opportunity to arbitrage the price appears, and BotTrader performs thousands of trading orders at both ends with the price difference. Therefore, BotTrader not only facilitates maximizing the profit potential for the users but also has liquidity characteristics for the user’s portfolios.

Virtual and physical cryptographic card By obtaining a reliable and instantaneous liquidity base, the system will support the payment network planned in the technical documentation. On society, we can see how the cash in bills and coins is beginning to be margined. Smart device wallets and personal bank cards capture a large percentage of the total spend on normal operations.

It is for this reason that a system designed to support thousands of operations needs simplification in the use of stored funds. The ecosystem is designed to be able to withdraw funds from the portfolio at any time. Either through withdrawals or payments. When it comes to payments, Ecom’s virtual and physical cryptographic card offers the versatility and convenience of everyday life. Linked to its platform account, it provides the comforts of traditional systems; so the adoption barrier seems to fade over time.

The distribution and technology of the ECK native token The native token of the project is the ECK token, being a utility type token. The platform focuses on trade and therefore will not own a blockchain itself, has been chosen Ethereum, being the most adopted for platforms of its kind. As a utility token under the ERC20 standard, it offers general uses to release every one of the platform’s functions.

For a fair and equitable distribution, a token acquisition plan and percentages assigned to the token sale, reserve, reference program, core team, partners, and advisors have been devised.

The total market offer is 101 million ECK tokens distributed based on the following proportions:

· Tokens are offering — 38%.

· Referral Program — 25

· Reserve — 22%.

· Team, partners, advisors — 15

Allocation of the funds collected in the sale of the token An internal fund allocation plan accompanies the distribution of the tokens described above. This plan is posted both on the website and in the corresponding technical documentation. We proceed to break it down:

· Technological development 15%. Technology, products for the platform, new products, and updates of ecosystem characteristics.

· Commercial development 15%. This is one of the pillars of the project, even more so in the newly created company phase. It is orienting to implement a brand image recognized, respectable, modern, and backed by an active user base and constituting business development by building value-added joint ventures with industry leaders.

· Marketing 10%. Global promotion and orientation of the EcomToken ecosystem. It also ensures visibility in the sector.

· Operations 40%. Active financing of the necessary operations and legal bases, as well as advice, are required to start. The planned robust infrastructure will lay the groundwork for a stable future for the ecosystem in the medium and long term. This ranges from liquidity for automated operations to the maintenance of excellent performance, legal assistance, and customer support.

· Ecosystem development 20%. The secured funds guarantee the complete development of the Ecosystem offer the peace of mind of remaining outside the funds allocated for liquidity and other diverse goals. Therefore, developers and ancillary teams will be able to stay focused on the development and implementation of a seamless global ecosystem.

Can the native ECK token be mined? The issue model of the ECK token is not linked to PoW mining. Instead, Token Holders will be encouraged to maintain them through a daily interest. Platform users can deposit ECK tokens into EcomToken’s portfolio to enjoy the resulting calculated interest regularly. This model promotes the adoption of the token by withdrawing it from the markets to the user’s portfolios. This and other initiatives seek to establish a strong base of users and early holders.

To calculate the daily interest to be received, the value of the conversion to US dollars (USD) will be taken as a reference; that is, the ECK/USD pair will be calculated. According to this exchange rate, the daily interest to be received will be calculated. Note that the reference source for obtaining the price will be taken from the metrics publicly exposed in Coinmarketcap.com.

Partners: ECK Tokens will list on big Exchanges on Coinmarketcap as: Sistemkoin, BTC-Alpha, Bancor, WhiteBit, Probit, Token.Store… Investors and traders can trade ECK when listing

· EcomToken Web — https://ecomtoken.com/

· Telegram — https://t.me/globalecomtoken

· Twitter — https://twitter.com/TokenEcom

· Facebook — https://www.facebook.com/global.ecomtoken

· Youtube- https://www.youtube.com/channel/UCKyjFWsd1VNxZx_wgCO4WzA

BOUNTY : Video Review and make Pictures

Get 5 ECK for make Pictures with Screen ecomtoken website/EcomToken app

Get 8 ECK for make Pictures with your friends (from 3 friends) with screen ecomtoken website/EcomToken app

Get 10 ECK for make Pictures with your friends (from 5 friends) with screen ecomtoken website/EcomToken app

Get 20 ECK for make video review ecomtoken projects (say where are you from, how old are you, and why you interesting in EcomToken

Special: Top 3 awards for the most votes from the organizers:

In Pictures

1 Prize 1: 100 ECK

2 Prize 2: 50 ECK

10 Prize 3: 10 ECK

In Video Review

1 Prize 1: 500 ECK

2 Prize 2: 200 ECK

10 Prize 3: 100 ECK

Please submit your works in the submission form: https://drive.google.com/open?id=1niidisZ2wRMaMZaPtqKNL6N9XyX6NUVSlvagwEUgZgk

Spreadsheet: https://drive.google.com/open?id=1ymfm58X0eiIsljD1duCLSl2KkLMcn0hrlkXPdB8mMNs

Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!

http://blog.btcpeek.com/2019/06/26/bitcoin-what-is-it-your-definitive-guide-to-bitcoin-wealth-3/

Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!

http://blog.btcpeek.com/2019/06/26/bitcoin-what-is-it-your-definitive-guide-to-bitcoin-wealth-3/

Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!

http://blog.btcpeek.com/2019/06/26/bitcoin-what-is-it-your-definitive-guide-to-bitcoin-wealth-3/

Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!

http://blog.btcpeek.com/2019/06/26/bitcoin-what-is-it-your-definitive-guide-to-bitcoin-wealth-3/

What is USDQ and QDAO?(3)

https://docs.google.com/document/d/1Bu25rcftWdFTmzbeci2UHYL3yaH_8sRB_a63vtz0EkA/edit?usp=sharing

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. It's backed by Bitcoin (another top 10 cryptocurrencies will be added in future). The elegant system places all transactions on the blockchain and empower users to execute cross-border and disintermediated transactions at any time and from any place. It's pegged to the value of USD, i.e. 1 USDQ always equals 1 USD. The ecosystem's design borrows heavily from fractional banking systems. In the nutshell, USDQ is a customer-facing stablecoin and Q DAO is an internal "operational" coin; together they help create a stabilized safe haven for anybody who's looking to hedge against rampant volatility of crypto markets.

Introduction to Q DAO and USDQ

The USDQ ecosystem is highly transparent as all of the operations are recorded on the immutable Ethereum blockchain, open to review by anybody and at any time. The smart contracts bring automation to business processes and eliminate the need for middlemen to assure trust and prevent abuse.

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

Why do we need stablecoins anyway?

In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Bottom Line

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.
USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage.
USDQ brings higher decentralization, driving this important vector in the development of crypto industry.
Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.

[Daily Discussion] Wednesday, June 26, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

What is USDQ and QDAO?(3)

https://docs.google.com/document/d/1Bu25rcftWdFTmzbeci2UHYL3yaH_8sRB_a63vtz0EkA/edit?usp=sharing

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

Introduction to Q DAO and USDQ

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

Why do we need stablecoins anyway?

In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Bottom Line

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.
USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage.
USDQ brings higher decentralization, driving this important vector in the development of crypto industry.
Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

Bitcoin Is Going To Zero - Or $100,000

By Avi Gilburt

If you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges.

We suggested then that a third wave would commence, thrusting Bitcoin prices much higher. The only part we got wrong was that our targets were exceeded in the third wave. That happens in strong bull markets. So in May we updated our target for Bitcoin to exceed $10,000 before it completed this rally. But we were 100% right about a bullish 2019 so far.

Now that we are over $10,000 we must provide readers a warning. We have five waves complete off our December low, so a correction should start imminently. While it is still possible Bitcoin can push up as high as $13,000, a correction is overdue. Few are bearish, and suggestions that this parabolic rise have just begun to fill the news.

So, are you ready for $0 Bitcoin? Well, isn’t that what we were hearing from so many back at the end of 2018? And isn’t it amazing that when the calls for Bitcoin blowing up get the loudest, the market finds a bottom? That is just the way markets work. When sentiment becomes too bearish, then there is not likely much downside left, and the market often finds a bottom.

As Alan Greenspan once noted:

It's only when the markets are perceived to have exhausted themselves on the downside that they turn.

But the bears will be given a second chance now. Once this five-wave rally finally completes, we will see a retracement of this rally in a second-wave pullback. This is how it is described in The Elliott Wave Principle:

Second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends. . . At this point, investors are thoroughly convinced that the bear market is back to stay.

So it is likely that those bearish on Bitcoin will tell us once again that Bitcoin is worthless, as it is backed by nothing. They will also remind us that it is the investment fad of millennials and that it will soon fade. Or they will simply call it a scam once again. But we will likely see them reappearing over the next few months.

We don’t know how long this wave two will last. With wave one off the December low now six months into its rise, we could see wave two take anywhere from three to six months. However, we have support currently at roughly $4,300 and we can fine-tune our support once we confirm a top has been struck.

Our assumption is that Bitcoin will hold the support we identify and set us up for the next major rally in the complex. And, yes, we believe that next rally will take us to our ideal target in the $65,000 region. However, based upon the size of this rally off the December lows, I cannot rule out the potential that Bitcoin can extend as high as $100,000 over the coming several years.

So, are you ready for a correction in Bitcoin? Are you ready for renewed calls for $0 Bitcoin across social media? Will you hang on through this wave two, or run for the hills? With Elliott Wave as our guide we are preparing for the next great rally for the crypto market as we look towards 2020-2021.

[Daily Discussion] Wednesday, June 26, 2019

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[Daily Discussion] Tuesday, June 25, 2019

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[Daily Discussion] Tuesday, June 25, 2019

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You're invited to Western Sydney's first ever Crypto Meetup!

Penrith! We're coming for you!

Brought to you by Bitcoin Babe and Downtown Brooklyn - Penrith's only Bitcoin friendly burger bar, will be hosting the very first Western Sydney Crypto Meet up! Enjoy some casual conversation, burgers, and a live Q&A with Guest Trader Cobb!

For more information and to RSVP check out:

Facebook: https://www.facebook.com/events/464708664302341/

Meetup: https://www.meetup.com/Blockchain-Sydney/events/262601366/

Hope to see you there!

[Daily Discussion] Tuesday, June 25, 2019

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Bitcoin surges above $11,000 thanks to Facebook's currency plans

London - Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing stock, foreign exchange and commodity markets and breathing new life into a sector that many had declared moribund.

Bitcoin reached $11,280 at one point after powering through $10,000 for the first time since March last year, propelled by a huge boost from Facebook's unveiling of its own digital unit Libra, analysts said.

"The strong resurgence in the bitcoin price is mainly due to the renewed mainstreaming interest in cryptocurrencies and the technology which underlines them," Naeem Aslam, analyst at trading group ThinkMarkets, said. "Projects like Facebook's Libra have provided much needed tailwind for this space."

The social network plans to launch Libra next year, and plans to back it with a basket of real-world currencies and a consortium of companies including Visa, MasterCard, PayPal and Uber.

- 'Blast from the past' -

Calling bitcoin's rise a "blast from the past", OANDA analyst Craig Erlam said the Facebook cryptocurrency launch seemed to be "legitimising the industry" which had come under scrutiny after the coin fell 80 percent from its peaks.

"Bitcoin is very much back in the headlines, as the cryptocurrency surged through $10,000 for the first time in more than a year and reminded us all of the good old days of late-2017," Erlam said.

Bitcoin has risen about 20 percent this month alone but is still well off record levels near $20,000 seen at the end of 2017.

Expectations that G7 countries will introduce stringent rules concerning investor identities did little to dampen the new-found enthusiasm for bitcoin, noted Gary McFarlane, a cryptocurrency analyst at interactive investor.

But the rally was almost entirely focused on bitcoin with other crypto coins "struggling today", he said.

One factor for bitcoin's success Monday, McFarlane suggested, could be its role as a conduit to effect capital flight by some Chinese investors prompted by the China-US trade war.

- $40,000? $100,000? -

There was now talk, he said, that bitcoin could hit $20,000 again, and even go much beyond, with some punters predicting $40,000 or even $100,000 by the end of the year.

"That might sound fanciful in the extreme but on past form it is a possibility - and so is a crash from wherever any potential new all-time high might form," McFarlane said.

Stock markets were under modest pressure ahead of a crunch meeting between US President Donald Trump and Chinese counterpart Xi Jinping at the weekend summit of 20 major economies.

Markets are waiting to see if Trump and Xi can find a way to get past their trade war when they meet on the sidelines of the event in Japan.

- 'Shift in rhetoric' -

Global equities last week rallied after Trump hailed positive telephone talks between the pair, fuelling hopes of a possible end to their long-running tariffs battle.

"No one thinks the US and China will do a deal in Osaka, but there is some hope that we will have a positive development that marks a shift in the rhetoric and a re-energising of talks following the breakdown in the recent discussions," said Neil Wilson, chief market analyst at Markets.com.

The dollar meanwhile dropped Monday, continuing to face pressure from expectations that the Federal Reserve could lower US interest rates as soon as July as the economy shows signs of softening amid the trade war with China.

"The dovish tilt in the US central bank's outlook was expected but what sent the Dollar tumbling was the fact that most of the US policymakers indicated that one rate decrease would probably not be enough, suggesting the need for continued easing as the economy slows down, said Konstantinos Anthis, head of research at ADSS.

- Key figures around 1540 GMT -

Bitcoin - UP at $10,915.68 from $9,939.81 late on Friday.

Euro/dollar: UP at $1.1392 from $1.1322

Pound/dollar: UP at $1.2728 from $1.2696

Dollar/yen: DOWN at 107.35 yen from 107.60 yen

London - FTSE 100: UP 0.1 percent at 7,416.69 points (close)

Frankfurt - DAX 30: DOWN 0.5 percent at 12,274.57 (close)

Paris - CAC 40: DOWN 0.1 percent at 5,521.71 (close)

EURO STOXX 50: DOWN 0.3 percent at 3,455.57

New York - Dow: UP 0.2 percent to 26,762.22

Tokyo - Nikkei 225: UP 0.1 percent at 21,285.99 (close)

Hong Kong - Hang Seng: UP 0.1 percent at 28,513.00 (close)

Shanghai - Composite: UP 0.2 percent at 3,008.15 (close)

Brent North Sea oil: DOWN 98 cents to $63.47 per barrel

West Texas Intermediate (WTI): DOWN 57 cents to $56.86

[Daily Discussion] Tuesday, June 25, 2019

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[uncensored-r/BitcoinMarkets] [Daily Discussion] Tuesday, June 25, 2019

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Altcoins Discussion: Altcoin Discussion

[Daily Discussion] Tuesday, June 25, 2019

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With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant

Tron (TRX) up 14.7 percent, may flip XLM
A $20 million TRX buyback could stir controversy

Buying back coins or tokens is a great way of supporting prices. Tron could do that. With a stellar dApp ecosystem, TRX investors shall benefit. At the time of press, the coin is 14.7 percent higher from last week’s close.

Tron Price Analysis

Fundamentals

Given the substantial rise of Bitcoin (BTC), altcoins are following suit. Of the many coins that could secure a spot in the top 10, TRX is one. Registering a double-digit expansion in the last week, TRX is one of the top performers.

Behind the resurgence are bullish developments that could form the base of another wave lifting prices towards 10 cents or higher. Boasting a market cap of $2,567 million and changing hands at 3.8 cents at the time of press, TRX bulls are in the driving seat.

From candlestick arrangements and significant events, odds are TRX will likely print a new 2019 high by the close of the year. Behind this optimism is the unconfirmed plans of a $20 million TRX buyback plan.

Breaking

Bittorrent speed beta will launch this week

Tron summit 2020 will be held in Seoul South Korea

Tron will begin a buyback of TRX#Tron #Trx #TronSociety #TronBlocks #BitTorrent

— Dave [Tron-Society] (@redpillblue1) June 25, 2019

Although controversial, moping supply creates room for demand. Therefore, as buyers scramble for the few coins in circulation, the price of the asset digital asset will readjust upwards, rewarding holders.

However, the question now is whether this announcement categorizes the currency as a security. Earlier this year, unsubstantiated rumor had it that the US SEC would bar their citizens from investing.

Deemed as “unregulated security,” the ramification would be dire for TRX should the agency follow through with their threats.

Candlestick Arrangements

As aforementioned, the phenomenal rise of BTC is a trigger of altcoins. The altcoin season may be on. From candlestick arrangement in the daily chart, resistance is at the 4 cents mark. It is capping May 2019 procession while doubling as the first target of previous TRX/USD trade plans.

Since prices are firm above 3.1 cents at the back of high trading volumes, there are two ways of trading this set up. Firstly, aggressive traders can buy the dips with stops at 3.1 cents. Alternatively, conservative traders can wait for better signals. That means any close above 4 cents ought to be with high participation completing the reversal of June 3rd double bar bear reversal pattern. Such a move would effectively reverse losses of June 3rd, re-affirming this overview.

Technical Indicators

In light of the above, June 22nd bull candlestick leads this trade plan. It is extensive and propelling bulls are high trading volumes of 16 million. However, any break out above 4 cents confirming buyers ought to register an uptick in participation preferably exceeding 28 million of June 3rd.

Chartcourtesy of Trading View. Image Courtesy of Shutterstock

The post With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant appeared first on NewsBTC.

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