I'm going to this Applications in Blockchain for Enterprises event tomorrow and was wondering if yall had any good reads on why only bitcoin will win. I actually fall in the camp that Bitcoin is the only effective use case for blockchain, but I want to be better read on the subject so i can come prepared to crack some proverbial skulls tomorrow.
Thursday, August 15, 2019
[Daily Discussion] Friday, August 16, 2019
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Bovada to electrum?
Couple questions here.
I am trying to withdrawal 400 usd from bovada via bitcoin to coinbase. This is my first withdrawal.
I've heard you can't just send it straight to coinbase because of the risk of your account getting shut down and was told to send it to Electrum and then send it to coinbase. The only problem is, is that it's saying that my bitcoin address is invalid when it comes to my electrum wallet, but it will take my coinbase address. If I just send the 400 to coinbase will I really be at high risk to have my account banned? And in the event it is banned, will I lose my money? Electrum just does not seem to work and I'm wondering if 400 is enough to warrant attention from coinbase. Thank you!
[Daily Discussion] Friday, August 16, 2019
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[Daily Discussion] Friday, August 16, 2019
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[Daily Discussion] Friday, August 16, 2019
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- Altcoins Discussion: Altcoin Discussion
[Altcoin Discussion] Friday, August 16, 2019
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- 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.
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Texas Blockchain Summit at UT Austin September 14th
If you're local to Austin or interested in traveling, I'd like to welcome you to the Texas Blockchain Summit on September 14th hosted by Texas Blockchain. The event will be in the Engineering and Education Research Center. Tickets are $100 and food is provided. There will be research that has been done on Bitcoin at UT presented at the summit as well.
You can learn more about the Summit and Texas Blockchain at www.txblockchain.org/summit
[Daily Discussion] Friday, August 16, 2019
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[Daily Discussion] Friday, August 16, 2019
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[Daily Discussion] Friday, August 16, 2019
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Uproar IPTV - Focusing on Canadian and US Channels - Packages starting at $10cad - NOW HAVE UPTO 4 MAG DEVICES CONCURRENTLY FOR THE SAME PRICES - Firestick APPROVED - FREE TRIALS
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Uproar Channel List - https://drive.google.com/folderview?id=1VqeU05LPSexOoLJcCxDt0hoX1bgvnRMe
Both M3u and Mag devices can NOW have upto 4 concurrent connections.
We will provide you will all the connection details, apps and guides to get you going.
We don't offer VOD or catchup but we do have 24/7 channels.
Prices are quoted in Canadian dollars. (C=Connections)
1 Month Packages - 1C = $10, 2C = $14, 3C = $17, 4C = $21
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Payment Options......
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- Bitcoin (btc)
- PayPal (must use Friends and Family option).
Trials do not contain WWE Network and ppv events
PM me you won't be disappointed.
Uproar IPTV - Focusing on Canadian and US Channels - Packages starting at $10cad - NOW HAVE UPTO 4 MAG DEVICES CONCURRENTLY FOR THE SAME PRICES - Firestick APPROVED - FREE TRIALS
Welcome to Uproar IPTV where quality and customer service are our #1 priority. We focus on US and Canadian content.
Uproar Channel List - https://drive.google.com/folderview?id=1VqeU05LPSexOoLJcCxDt0hoX1bgvnRMe
Both M3u and Mag devices can NOW have upto 4 concurrent connections.
We will provide you will all the connection details, apps and guides to get you going.
We don't offer VOD or catchup but we do have 24/7 channels.
Prices are quoted in Canadian dollars. (C=Connections)
1 Month Packages - 1C = $10, 2C = $14, 3C = $17, 4C = $21
3 Month Packages - 1C = $20, 2C = $28, 3C = $34, 4C = $42
6 Month Packages - 1C = $30, 2C = $46, 3C = $54, 4C = $74
12 Month Packages - 1C = $50, 2C = $82, 3C = $98, 4C = $138
Payment Options......
- e Transfer
- Bitcoin (btc)
- PayPal (must use Friends and Family option).
Trials do not contain WWE Network and ppv events
PM me you won't be disappointed.
Bitcoin SV Crypto Channel - Daily Update / News / CSW / Events
https://www.youtube.com/watch?v=k7XzmDWvdVg
[Daily Discussion] Friday, August 16, 2019
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[Daily Discussion] Thursday, August 15, 2019
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[Daily Discussion] Thursday, August 15, 2019
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Telegram (GRAM) Token Sale on Tokenomy Launchpad!
https://i.redd.it/qv0gpr7omkg31.png
Back in 2018, Telegram, the popular messaging company raised a record-high $1.7 billion, through a token sale that was limited to private investors.
We are happy to announce that Tokenomy is partnering with Gram Asia to bring the exclusive GRAM token sale to you on Tokenomy Launchpad!
Details Of GRAM’s Token Sale
Token: GRAM
- Token Price:
* 1 GRAM = 4 USDT
* 1 GRAM = 56 IDK (or 53 IDK when you purchase 50 GRAM or more using IDK) - Accepted Funding Tokens: USDT & IDK
- Minimum Purchase: 1 GRAM
- Period: 19 August 3 PM (GMT+8) — 30 August 2019 3 PM (GMT+8)
Token Delivery
Following the GRAM token sale, GRAM tokens will be delivered in four equal-sized tranches over an 18-month period as shown below:
**Please note that delivery date may be changed, subject to TON mainnet launch
Trade the future claims of GRAM Tokens — fGRAM Tokens
Starting from 2 September 2019, Tokenomy users will be able to trade the future claims of GRAM Tokens, called fGRAM, on Tokenomy Exchange.
For every GRAM token purchased during the GRAM Token Sale on Tokenomy Launchpad, Tokenomy will automatically credit one corresponding fGRAM token to the purchaser’s Tokenomy account.
Please note that fGRAM tokens are only tradable on Tokenomy Exchange and cannot be withdrawn until the actual GRAM tokens are delivered.
Stay tuned for more info!
What is Telegram Open Network (TON) and GRAM?
Last year, Telegram announced the upcoming launch of its Blockchain Platform, Telegram Open Network (TON) and its cryptocurrency, GRAM. Launching TON and GRAM will allow Telegram to expand its offerings as a messenger platform to include a payment system.
The primary objective of TON is to create a blockchain platform that can process a high throughput of a million transactions per second, unlike Bitcoin and Ethereum. What this means is that TON’s users will enjoy fast payment transaction speed, just as quickly as Visa or MasterCard. To ensure secure payments, TON will also adopt the Proof-of-Stake consensus algorithm.
Through the TON platform, a Light Wallet will be built in Telegram. Telegram users will be able to pay for applications services (TON Services) with cryptocurrency GRAM.
Telegram currently has over a 200 million active user-base which forms a solid foundation to help drive the mass adoption of GRAM. (Read the TON whitepaper)
TON Blockchain is expected to launch on October 31, 2019.
To purchase GRAM, simply
1. Register for a Tokenomy Account on Tokenomy Launchpad
2. Complete your user verification on Tokenomy (read)
3. Purchase GRAM here!
Don’t miss out on this opportunity to be part of this exclusive token sale! Head over to Tokenomy Launchpad to find out more about Telegram’s GRAM Token Sale!
Thank you,
Tokenomy Team
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[Daily Discussion] Thursday, August 15, 2019
Thread topics include, but are not limited to:
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[Daily Discussion] Thursday, August 15, 2019
Thread topics include, but are not limited to:
- General discussion related to the day's events
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Thread guidelines:
- Be excellent to each other.
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Best place to buy BTC for US customers (Except Coinbase)
Hi Crypto fam!
I want to make a step by step guide for friends how to buy Bitcoin, most are based in US.
What are the best and most solid places to get BTC without KYC and it needa to be easy and smooth, except Coinbase.
Question is about buying BTC with USD.
- Low fees
- Solid/Trusted place
- Easy to use
- Please link to terms on which countries can use if possible
Thank you so much Cryto Fam!
Doing my part in adoption.
Best regards, Ceko
BTC Futures
- Bitcoin Futures
- What are derivatives?
- Options: Call and put, short and long, and leverage
- What are Bitcoin futures contracts?
- Current situation in crypto derivatives
- How to trade Bitcoin futures
- Short and long
- Margin
- Conclusion
Have you heard of Crypto Futures? Have you heard of Bitcoin(BTC) Futures? You know CME Group’s adding them and this is positive news, but do you really know what derivatives are, how can you trade them, and where can you learn more about futures trading? Here’s your first part of Bitcoin Futures guide to get you started.
Bitcoin Futures
Bitcoin and other cryptocurrencies have evolved from a playful experiment among technical experts to an established and growing branch of the global financial industry. This means that the times in which cryptocurrency traders and investors only concerned themselves with straightforward buying and selling are over. Derivatives are now entering the picture.
What are derivatives?
Think of a derivative as a bet between two parties about the development of an underlying asset. These instruments are derived from the value of the underlying asset, having no value of their own. Hence the name “derivative.”
In traditional financial markets, derivatives are used as speculation objects as well as insurance against losses. T
The latter is known as hedging. One popular variety of derivatives used for hedging are called futures. A future is a contract between two parties in which one party agrees to pay the other a predetermined amount of money for an underlying asset at a specific point in time.
For example, let us assume that the underlying assets are pork bellies:
Trader A is a producer of pork bellies. In order to insure herself against a price drop in pork bellies in the future, she enters a futures contract with Trader B. Trader B uses these pork bellies to manufacture sliced breakfast bacon. Thus, he is not worried that prices might fall in the future – his worry is that prices will go up. Both traders agree that Trader A will sell a metric ton of pork bellies for 1,000 USD 3 months from now. This increases security for both of their businesses. Because a futures contract is a binding contract between two parties, neither party can drop out of the contract: Even if the price for pork bellies is 1,200 USD at the time of execution, trader A is still contractually obliged to sell for 1,000 USD.
Options: Call and put, short and long, and leverage
Traders A and B in the previous example are hedgers. However, futures contracts, once they exist, can also be bought and sold in their own right. This is where futures get interesting for speculators. Say that Speculator X believes the price of a ton of pork belly will rise to 1,200 USD in 3 months’ time, so buying the futures contract at 1,000 USD is a good deal. He can then sell the contract to bacon producers who want to buy pork bellies at 1,000 USD. The option to buy at a specified price in the future is known as a call option. The price of call options rise when traders assume that the price of the underlying asset will rise.
However, Speculator Y may think that pork belly prices will drop to 800 USD per ton. For her, having the option of selling pork bellies for 1000 USD in the future is highly attractive. Such options to sell are known as put options. The price of put options rise when traders expect the prices to fall of an underlying asset.
The positions of Speculators X and Y are known as the long and short respectively: You assume a long position towards the underlying asset when you speculate the rising prices of an asset, and a short position when you speculate on falling prices (also known as “going long” and “going short”).
By now you may ask yourself, “If I think that the price of an asset is going to rise, why should I buy a call option and not the asset itself?” The answer is this: Options give you leverage. That means that with a limited amount of capital, you can profit much more by buying options than assets – but also lose much more. This is because a small difference in the price of the underlying asset immediately leads to a substantial change in the price of the derivative.
For example, when pork belly prices rise from 1,000 USD to 1,100 USD (an increase of 10%), call options for 1,000 USD suddenly become much more valuable – their prices may rise from 10.5 USD to 105 USD. Thus, if you have invested all of your capital in pork bellies, you will win 10% – if you have invested in pork belly call options, you will pocket a 1,000% profit.
These numbers are just approximate examples. The exact price of an option depends on the following factors:
The current price of the underlying asset.
The so-called intrinsic value of the option, which is simply the difference between the current market price of the asset and the predetermined price in the option (1100 USD – 1000 USD = 100 USD in this example).
The remaining time until the expiration of the option.
The volatility of the underlying asset.
As for why you should buy a put option instead of the asset itself, the answer is simple. By buying the asset itself, you can never profit from falling prices. With put options you can, simply because their value rises as the price of the underlying stock is falling. In addition to this feature, they offer the same kind of potential for leverage that calls options do, as described above. The price of put options is calculated in a similar manner, but with the important difference being that the intrinsic value is calculated as a predetermined price of the option minus the current market price of the asset – not the other way round as is the case for call options.
It is important to note, however, that leverage means that your potential losses may also be much higher. If pork belly prices fall, call options lose value in a much higher proportion than the pork bellies themselves. In the above example, if the price of pork bellies falls from 1,000 to 900 USD (by 10%), the price of call options may fall from 10.5 USD to almost zero, resulting in a near-total loss of your funds instead of a small loss of just 10%.
What are Bitcoin futures contracts?
A Bitcoin futures contract is exactly what you would expect from the example above, replacing pork bellies with Bitcoin. It is a contract that enables you to buy Bitcoin at a predetermined price at a specific point in the future. For example, if today’s Bitcoin price is 8,000 USD per BTC and you expect it to rise to 10,000 USD per BTC in 4 weeks, then entering a contract which allows you to buy Bitcoin at 9,000 USD in 4 weeks is highly attractive.
Thus, Bitcoin futures are an up and coming class in the emerging crypto derivatives market.
Current situation in crypto derivatives
Just like cryptocurrencies themselves, crypto derivatives have been adopted enthusiastically by the crypto community, and have been traded in an unregulated manner at first, and have even been used as a way to avoid the increasingly heavy regulation in the traditional financial sector.
And just like cryptocurrencies, they soon saw the first backlash from governments and authorities – take for example the Chinese cryptocurrency ban.
Crypto derivatives were naturally discovered as an interesting addition to cryptocurrency exchanges first – probably as individual contracts between interested investors on these exchanges. Nowadays, there are already a couple of exchanges that offer crypto derivatives trading as a standard feature: JEX is one of the current market leader, according to The Merkle News; others are BitMEX, OKEX, Crypto Facilities, Coinpit, and Deribit, as well as LedgerX (the first regulated cryptocurrency exchange in the US).
The most common way to trade in Bitcoin and other cryptocurrency derivatives today is through contract-for-difference (CFD) contracts. These CFD contracts are usually traded over the counter (OTC), meaning that they are not traded on exchanges but directly between participants. Due to the high volatility (exceeding 1.5-2x std from the mean) most of the OTC platforms do not provide leverage on bitcoin and other cryptos CFDs.
How to trade Bitcoin futures
As described above, you can assume one of two positions in regards to trading in futures and other derivatives: Long and short. When you follow a long strategy, you speculate on prices of the underlying asset going up. With a short strategy, you speculate on prices going down.
Short and long
If you are “going long” on Bitcoin, you assume that Bitcoin prices will go up. And if you expect Bitcoin prices to go up, you are interested in buying call options – options that enable you to buy Bitcoin at a predetermined price in the future.
For example, if the current Bitcoin price is 5,000 USD and you expect it to rise to 8,000 USD 6 months from now, you would certainly pay good money for a call option that allows you to purchase Bitcoin for 5000 USD in 6 months, when everyone else is buying for 8,000 USD.
In contrast, if you are “going short” on Bitcoin, you assume that Bitcoin prices will fall. Buying put options will enable you to sell Bitcoin at some point in the future at a price that is higher than the future price you expect.
In analogy to the example above, if the current Bitcoin price is 5,000 USD and you expect it to fall to 2,000 USD in 6 months, then put options allowing you to sell Bitcoin for 5,000 USD in 5 months (when everyone else is selling for 2000 USD) are very valuable.
In both of these examples, the options (call option in the first example, put option in the second) have an intrinsic value of 3,000 USD.
Going long is fairly straightforward. It is similar to buying the underlying asset itself, with the only difference being that it enables you to have more leverage.
Both call and put options have, as we have learned above, a certain expiration date. For example, my call option (Bitcoin for 5,000 USD) that I am buying on November 24, 2017, may have a running time of 6 months and thus expire on May 24, 2018. I can sell this option at any time between now and May 24, 2018. But what happens if I don’t sell?
Let’s assume that on the expiration date Bitcoin is worth 8,000 USD. Then my option is very valuable because it enables me to purchase Bitcoin significantly cheaper than the current market price. If this happens, the option is “in the money” – it is valuable.
If, however, Bitcoin is worth just 2,000 USD on May 24, 2018, then my call option for 5,000 USD is worthless. Nobody is interested in exercising this option and purchasing Bitcoin for 5,000 USD when the market price is only 2,000 USD. Thus, my option is “out of the money.”
So, one of two things can happen on the expiration date: If the option is “in the money,” I will receive its value in cash because CME Bitcoin futures are cash-settled. If the option is “out of the money,” it vanishes from my account without bringing me any profit.
However, if the price of the underlying asset is going down, your options usually become worthless before the expiration date. For example, if the Bitcoin price is already at 2,000 USD on May 17, then only the most extraordinary optimists (or “bullish” investors) would buy a 5,000 USD option that expires in just a week.
Everything discussed above is true for put options as well, except that their value development goes in the opposite direction. They become more valuable as the underlying asset price is falling.
Margin
A futures contract, as we have mentioned above, is a contract between two parties who agree to make a transaction of an underlying asset at a specified time in the future.
For example, you can enter a Bitcoin futures contract with Mortimer Duke saying that you will sell him 1 BTC on March 30, 2018, for the price of 5,000 USD per BTC. (In the actual CME futures contracts, the limit for one contract is 5 BTC, but we will stick with 1 BTC now for the purposes of easy explanation.) You enter into this contract on an exchange like CME.
Now, what if the Bitcoin price is rising? For example, if 1 BTC is worth 5,500 USD, you don’t want to fulfill this contract any more and sell cheap for 5,000 USD. In order to still make things fair for both participants, the exchange will make sure that you can sell for the current market price of 5,500 USD if you so wish, but they will compensate your contract partner for this. How? They will take the difference – 500 USD – out of your so-called margin account and give it to Mortimer.
This kind of settlement is not only performed on the fulfilment date of the futures contract, but on every trading day, according to the current price of the asset.
In order to make sure that you actually have money in your margin account to settle the difference with Mortimer every day, you are required to put up an initial margin at the beginning of the contract. A lower sum, the so-called minimum margin or maintenance margin, is also defined by the broker. If the money in your margin account falls from the initial margin to the maintenance margin, it triggers a margin call: The broker requests you to fill up your margin account to at least the initial margin (of course, you may also put up more).
However, if you don’t have the money to fill up the margin account upon margin call, you are in trouble: The broker then has the right to sell your assets (usually at a price that is more unfavourable than if you had waited for a good opportunity yourself). This is why margin calls should be avoided.
Conclusion
As you have known crypto futures very well from the contents above, you should find a place to try protical trading.
If you have a interesting in trading Bitcoin, Ethereum, EOS or other cryptocurrency futures in a professional exchange, JEX Exchange would be a good choice.
It’s the leading Bitcoin futures & options trading exchange in the world.
It's official website is as follows www.jex.com
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