Bitcoin reacts to US stimulus package, new target set for $50,000

The price of Bitcoin remains at record levels. During the year, adoption has been the key factor, but in the short term, Bitcoin’s price action seems to be reacting to two major events with an epicenter in the United States. Both factors could be aligned for the continuation of the bullish trajectory.

Despite its gains, Bitcoin has seen two rejections at the $23,000 mark. According to one trader, high selling pressure above that resistance signals a local top for Bitcoin that could put the cryptocurrency in a consolidation phase. During 2020, Bitcoin has entered similar stages where the price gained momentum, then rose massively and consolidated afterwards. Therefore, the trader does not expect another price discovery until 2021.

Trader Michaël van de Poppe has pointed out that Bitcoin has seen a 500% increase from its March 2020 low. At that time, the start of economic measures by central banks around the world to mitigate the effects of Covid-19 was decided, benefiting assets used as a store of value. Since then, Bitcoin has been the biggest winner in this regard, outperforming gold.

Cryptocurrency Bitcoin and Ethereum Event | ETH news | BTC Price | Crypto Stack - Dicas sobre Bitcoin - mais rápido rápido

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[Daily Discussion] Saturday, December 19, 2020

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] Saturday, December 19, 2020

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

Recent Bitcoin spike correlated to possible hidden developments?

Bitcoin has recently spiked to an all time high and there’s little to no coverage on it. Are people investing their money into Bitcoin for a reason right now?

I’m thinking that if some catastrophic event was about to unfold, wouldn’t it make sense for those aware of these events, or those preparing for it, to invest their money into bitcoin since its decentralized?

Wonder if/when we see an insane surge in Bitcoin anytime soon.

Caught in money mule bitcoin scam and didn’t realise. Should I confess and report scammers and try to clear my name as much as possible or leave it? (sorry for novel style post)

*( I’m in England Sorry it’s so long) Before anything, I don’t need to be mocked I just need advice ?

So basically to start off I could have been a money mule since 2018. But for me, all the snapchat accounts offering me to be a money mule, were like really honest about it. Literally saying ‘ this is a bank scam , you give bank details and xyz’ so obviously since it was so blatant over social media etc I didn’t go forward with it.

I’m quite naive with things and I claim the highest form of disabilty (personal independent payment) but that was too blatant,even for me....

so fast forward August 2020, Another snapchat account well, it was a guy I know but don’t know , he promotes some bitcoin thing, I fell for it since I wanted a cheap practice car at the same but asked him for more details. He just said it’s bitcoin thing, he and his friend studied finance at university and it’s all completely legal. He passed me on to another guy who asked for my account number and sort code. I said to both if it’s some big drop thing leave me out... they said it’s not that and that it’s legal they offered to explain to me in person.

I met them in person in a apartment, I was scared but it was in a nice-ish part of town so half thought nothing can go wrong. I met another guy aswell, all three explained it’s bitcoin, legal and explained how the process goes blah blah.

The guy who asked for my account and sort code was being a bit funny with me, thinking I was recording.... I was getting scared of this point.... they all kind of thought I was police or something, I kinda just wanted to get out so to prove I wasn’t I sent a picture of my ID ( driving license ) to one of them. The guy I originally contacted kinda knew where I live anyway. This is when they all got more suspicious, because the area i’m from is a rough/gangsta area and nearly everyone from my area is basically rough and looks poor&rough, started quizzing me on my voice sounding “ white” ( i’m mixed ). I haven’t actually been involved in fraud before and i’m not rough, it’s just where i live.

Eventually they let me go, tell me to sign up to coinbase and luno, and tell me how much is coming into my account and what cut i’ll be getting. for the first couple of days, nothing got put into my account even though i was told it would be. I got scared something was going to happen. I kept explaining i’m not a spy or whatever. Then finally some money came through £1000 and then around £500. Then Barclays shut my account down and said my account been put in internal review.

The guy who asked me for my account and sort code, later rang me and basically admitted it’s fraud but wants to be my boyfriend???? and basically saying i’m so smooth for someone who lives in my area he doesn’t understand it.

I try to just dodge him but I didn’t know how to not speak to him I’m just scared at this point.

Then got a letter from Barclays saying my account has been shut down.

I had other things to deal with aswell but after a few weeks I decided to just try to claim ignorance and send in a complaint to barclays.

I was basically told by the person handling my complaint that there’s not enough evidence to make barclays change their mind and but that they will try their best.

obviously found out today that didn’t work the only option is the financial ombudsman.

This guy still wants to be my bf but at times he kinda switches up on me thinking i’m going to report him because I don’t act ghetto basically.

I don’t wanna date this guy and to be honest I can’t live with myself dating that sort of guy or taken stolen money in that way myself. I told them both I don’t wanna hurt innocent people but they both said that’s the only way it can work....

I was worried about the CIFAS Marker at first but my main account is still up and running my credit score has gotten higher and i’ve even opened up a starling account. I know there’s still a risk of the marker being put on though.

I know i’ve been very stupid giving my ID, and just falling for it out of weakness. But i don’t know what to do. claiming ignorance to the ombudsman isn’t going to work. Should I just tell the truth to Barclays and confessed I lied and tell the ombudsman and the police and risk these guys coming after me even if I suddenly move to avoid them... if I do this, I plan on mentioning my disability claim (even though it’s irrelevant) ( but to be honest, my disabilty and my learning difficulties isn’t an excuse, I do have learning difficulties and I do struggle in reading situations sometimes) to back up my version of events. Even just to make sure the CIFAS Marker doesn’t get put on?

Or do I just drop it and move on and try and get this guy out of my life if possible?

What you will do if you were me?

I own ~26000 CRO, I've them all in the bitcoin supercharger event

Before the announcement of the new staking requirements my plan was to wait till the end of the supercharger event and than order the jade green card

Now I'm worried, I don't know what to do... yesterday I saw the super bullish AMA and I was excited, now I feel kind of scammed..why not explaining this move on the AMA? I cannot understand if I can trust this company or not...

I'm still on time to sell everything and go the fu*k away from this project (which I believe it could still be super interesting even thought something bad managed) but at the same time I would like to try it out

What you will do if you were me?

°°°°°°°

Maybe it's not the best place to ask this question (I can read a lot of negativities around this sub), but I would like to understand better what could be the reasons why this project is still worth it

I can try with this: - They did this in order to disincentive unstake and selling their CRO after the first 6 months, maybe also due to the BTC fomo.

I know it's not the best way to do it, maybe they thought that by avoiding this and maintain the old tier for old customer (which seems has been ignored by everyone), they thought it was a good move, even though apparently everyone is disappointed and the price is likely to go down in any case

°°°°°°°

Bonus question: What will be a good alternative that will be more profitable? (In terms of benefit/payback with the time)

Cryptocurrency Day Trading Strategies in 2020 - Priming Trade

Day trading cryptocurrencies has become the new buzzword among investors. Many traders have plunged into this new practice. Meanwhile, the concept is still quite recent. So, there is some confusion about cryptocurrency day trading strategies. Which strategy is right for beginners? And what about pro traders? Keep reading to find out all about it!

https://preview.redd.it/061zrxrvv1661.jpg?width=1880&format=pjpg&auto=webp&s=fc85bc70d91467c15328ab31a2b1abcfe8ba3ae5

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Cryptocurrency Day Trading Strategies – The Basics

Are you completely new to the topic of day trading? No worries, we got you covered! Let’s start from the definition.

Trading means buying and selling assets with the aim of making a profit. Institutional trading focuses on stock, shares and currencies. Trading cryptocurrencies means buying and selling digital assets. So, when does trading become cryptocurrency day trading? The key factor is time. So, if an asset trades within one day, it qualifies as day trading.

Are you looking for a more comprehensive introduction into day trading? Head over to our article on Day Trading Cryptocurrency. It covers everything you need to know about the topic.

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Getting Started With Day Trading

Now that you understand trading, let’s get to work! Firstly, you need to pick the assets you are going to trade. For this, you need to understand volatility and liquidity. Let’s break this down.

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Volatility

Volatility is a measure of the dispersion of returns for an asset. In most cases, higher volatility means a higher risk. So, lower volatility usually represents a less riskier asset. In traditional markets, the Volatility Index measures this. As of recent, a volatility index has also become available for Bitcoin. The Bitcoin Volatility Index tracks the volatility of BTC by market cap over time.

Cryptocurrencies are famous for their volatility. BTC has experienced high volatility periods throughout its history. This results from many different factors. For instance, speculation, bad press, adoption rate, perceived value fluctuations and others.

​

Liquidity

Liquidity is a measure of the ease at which an asset can be converted into cash. To clarify, it indicates how quickly an asset can be sold or bought in the market at a price that reflects its value. For example, cash is globally seen as the most liquid asset. You can convert cash into other assets quickly. In the crypto world, liquidity refers to the ease of converting a coin into cash or other assets.

​

How to Pick Crypto for Day Trading?

The key concepts in picking trading pairs are liquidity and volatility. So, it’s time to apply the theory you just learned!

In essence, there are over 3000 coins available. Therefore, a good starting point is the list of top crypto assets. You can narrow your search down by focusing on the top assets. We are talking about Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and others. You can compare the volatility and liquidity of these assets. Depending on your risk appetite, this will help you find the right match. If you are looking for more riskier assets, look for higher volatility. On the other hand, lower volatility will lead you to less riskier assets.

Furthermore, you should also consider market capitalization, trading volume and price. Take this as an opportunity to dive into the crypto world with expert traders in the likes of Burwell Coleman, Vincente Sanz, Bryant Miller, Ethan McKenzie and founder of Priming Trade, Thomas Fuller.

They can also teach you everything you need to know, from bitcoin, copy trading, cryptocurrency, altcoin trading, swing trading, day trading and understanding the daily trading signal, etc…

​

Cryptocurrency Day Trading Strategies – Speculation, Technical Analysis, Copy Trading

Now that you have your trading pairs in place, it’s time to trade! So, what are the cryptocurrency day trading rules? Let’s have a look at three common strategies.

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Speculation

First, let’s focus on speculation. This cryptocurrency day trading strategy is exactly what it sounds like. Speculators focus on outside market influences. They try to find correlations between market events and upcoming crypto price changes. In other words, speculators predict which asset will drop or gain value. Their guess is based on external events.

This method relies heavily on crypto market news. For example, economic developments, hacks and political statements are common triggers for speculators. Speculation requires less technical research than the alternatives. However, this method can sometimes yield unreliable results. This happens because speculation is closely linked to the external environment.

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Technical Analysis

Let’s move on to more quantitative methods. Technical analysis focuses on internal market events. This method involves studying price charts. So, traders analyze the historic price movements of assets. In particular, they mark price upticks and decreases. Ultimately, they make trading decisions based on it.

There are various approaches to chart analysis. Each trader has an individual view. Yet, most of them overlap in predicting major price changes.

Are you wondering about the level of difficulty? Yes, technical analysis does include lots of data. It also demands involvement. Yet, it doesn’t have to be difficult. You can start off by identifying common patterns. Later on, you can move on to more advanced price detection. Remember – practice makes perfect!

​

Mirror Trading

Have you ever heard about copy trading? It is a method that lets beginners partner up with professional traders. Copy trading works with the help of a platform. First, seasoned traders list their strategies on the platform. Secondly, beginner traders choose which portfolio they wish to follow. After signing up to a portfolio, trades are automatically mirrored. In other words, newbie traders can copy the traders of professionals.

Mirror Trading is a great fit for investors with limited time resources. This method lets you skip out on individual research. Also, this method can be a good starting point for beginners. Since very limited knowledge is needed, anyone can start trading via this method. Wondering where to start out with copy trading? With Priming Trade, you are on the right track.

Caught in money mule bitcoin scam ( didn’t realise) should i confess and report to police or leave it ( sorry for Novel Style post)

*( I’m in England. Sorry it’s so long) Before anything, I don’t need to be mocked I just need advice ?

So basically to start off I could have been a money mule since 2018. But for me, all the snapchat accounts offering me to be a money mule, were like really honest about it. Literally saying ‘ this is a bank scam , you give bank details and xyz’ so obviously since it was so blatant over social media etc I didn’t go forward with it.

I’m quite naive with things and I claim the highest form of disabilty (personal independent payment) but that was too blatant,even for me....

so fast forward August 2020, Another snapchat account well, it was a guy I know but don’t know , he promotes some bitcoin thing, I fell for it since I wanted a cheap practice car at the same but asked him for more details. He just said it’s bitcoin thing, he and his friend studied finance at university and it’s all completely legal. He passed me on to another guy who asked for my account number and sort code. I said to both if it’s some big drop thing leave me out... they said it’s not that and that it’s legal they offered to explain to me in person.

I met them in person in a apartment, I was scared but it was in a nice-ish part of town so half thought nothing can go wrong. I met another guy aswell, all three explained it’s bitcoin, legal and explained how the process goes blah blah.

The guy who asked for my account and sort code was being a bit funny with me, thinking I was recording.... I was getting scared of this point.... they all kind of thought I was police or something, I kinda just wanted to get out so to prove I wasn’t I sent a picture of my ID ( driving license ) to one of them. The guy I originally contacted kinda knew where I live anyway. This is when they all got more suspicious, because the area i’m from is a rough/gangsta area and nearly everyone from my area is basically rough and looks poor&rough, started quizzing me on my voice sounding “ white” ( i’m mixed ). I haven’t actually been involved in fraud before and i’m not rough, it’s just where i live.

Eventually they let me go, tell me to sign up to coinbase and luno, and tell me how much is coming into my account and what cut i’ll be getting. for the first couple of days, nothing got put into my account even though i was told it would be. I got scared something was going to happen. I kept explaining i’m not a spy or whatever. Then finally some money came through £1000 and then around £500. Then Barclays shut my account down and said my account been put in internal review.

The guy who asked me for my account and sort code, later rang me and basically admitted it’s fraud but wants to be my boyfriend???? and basically saying i’m so smooth for someone who lives in my area he doesn’t understand it.

I try to just dodge him but I didn’t know how to not speak to him I’m just scared at this point.

Then got a letter from Barclays saying my account has been shut down.

I had other things to deal with aswell but after a few weeks I decided to just try to claim ignorance and send in a complaint to barclays.

I was basically told by the person handling my complaint that there’s not enough evidence to make barclays change their mind and but that they will try their best.

obviously found out today that didn’t work the only option is the financial ombudsman.

This guy still wants to be my bf but at times he kinda switches up on me thinking i’m going to report him because I don’t act ghetto basically.

I don’t wanna date this guy and to be honest I can’t live with myself dating that sort of guy or taken stolen money in that way myself. I told them both I don’t wanna hurt innocent people but they both said that’s the only way it can work....

I was worried about the CIFAS Marker at first but my main account is still up and running my credit score has gotten higher and i’ve even opened up a starling account. I know there’s still a risk of the marker being put on though.

I know i’ve been very stupid giving my ID, and just falling for it out of weakness. But i don’t know what to do. claiming ignorance to the ombudsman isn’t going to work. Should I just tell the truth to Barclays and confessed I lied and tell the ombudsman and the police and risk these guys coming after me even if I suddenly move to avoid them... if I do this, I plan on mentioning my disability claim (even though it’s irrelevant) ( but to be honest, my disabilty and my learning difficulties isn’t an excuse, I do have learning difficulties and I do struggle in reading situations sometimes) to back up my version of events. Even just to make sure the CIFAS Marker doesn’t get put on?

Or do I just drop it and move on and try and get this guy out of my life if possible?

How to become a successful bitcoin trader

Investing in bitcoin is a choice for many people and if you want to grow better in this area, refer to the tip below to become a successful bitcoin trader.

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https://preview.redd.it/vl7ur6n4m0661.jpg?width=1280&format=pjpg&auto=webp&s=712ddc43cea4689c7529404690b6d8a91a1e7689

Bitcoin, an unknown variable in the world of trading that once rocked the currency trading industry when it first appeared in 2009. All traders and investors started to care. to the highly volatile nature of this cryptocurrency.

​

It can be said, also thanks to bitcoin, a new type of transaction emerging and most prominent is cryptocurrency trading, according to Business Matters.

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Gradually, the popularity of bitcoin increased in the community. Even those who have not had financial investment experience want to give it a try. Lots of people venturing into bitcoin are now billionaires.

​

If you also want to be a bitcoin trader you can get started now with the smallest amount of capital. Here are a few tips you can consider before you start investing in bitcoin.

You may not know: bitcoin to paypal

INVESTMENT ONLY SOME SMALL MONEY WHEN BITCOIN TRADING STARTED

Before you start trading, you need to ensure that you are not using all your savings to invest in bitcoin. That is the # 1 rule you need to follow in order to be a successful bitcoin trader because there is no guarantee that you will profit. Almost every bitcoin price prediction is mere speculation.

​

Due to bitcoin's high volatility, investing little money in the beginning is a great strategy for trading. By implementing a strict rule of how much capital you are "willing" to lose, you will also save yourself from unnecessary pressure at the risk of losing money.

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ACCOUNTING OF INTERESTS AND POTENTIAL PROFIT

Tips for becoming a successful bitcoin trader - Photo 1.

Bitcoin traders need to pay attention to many factors when starting their investment process.

As we all know, trading bitcoin is a high-risk investment so it's better to set a potential profit target you think you can earn in addition to the capital limit. as self-specified maximum loss. This way, you can limit yourself from making the wrong decisions when you are having difficulty investing in bitcoin: overbought, sold too quickly or too slowly, etc.

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Having a limit on maximum loss and target profit is also a way to help you keep your mind more stable and clear in all situations.

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FIND ALL TECHNICAL ANALYSIS

New bitcoin traders have two possibilities: being overly anxious or overconfident. You may think that you will make a profit with luck or feel the strategy you use is smart. However, those types of strategies may not be relevant or useful in the long term. If you really want to be a professional and successful bitcoin trader then you have to start looking at the analytical charts to make your investment decision.

​

Technical analysis is the study of chart patterns and movements through which you get an idea and be able to predict the future value of bitcoin. At first you may find that technical analysis is not simple or useful, but if you stick with it and get used to it, you will soon know how effective it will be.

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CONTINUOUSLY UPDATED TO THE EVENTS HAPPENING IN BITCOIN INVESTMENT

Being a bitcoin trader means you need to be kept up to date with every little bit that happens in the market. These little pieces of information will help you make the decisions for your next commercial deal. Once you combine your technical skills with information, your prediction will start to make you profitable.

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Bitcoin is a highly volatile asset, so a small piece of negative information is also at risk. Better yet, make sure to follow all news regarding bitcoin and cryptocurrencies.

What Quadriga Initiative Is Not

What we are doing with Quadriga Initiative hasn't been done before.

Many people have expressed confusion over how the initiative works, or tried to compare it to fundamentally flawed ideas. Below are some of the most common misconceptions. Enjoy!

​

Part of The Bankruptcy

The initiative operates completely separately from the bankruptcy and affected users need to complete a separate free signup to participate. Signup does not affect any bankruptcy claim. We will, however, utilize bankruptcy information to validate losses (ensure that losses are legitimate) with a special claim process in our partner exchange. Our goal is to create a full recovery targeted to legitimate losses from Quadriga.

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A Relaunch of Quadriga

Very early on, ideas were posted surrounding a relaunch of the Quadriga platform. The key advantages of this approach were that it could have been run under the CCAA, saving creditors the $2m bankruptcy cost, and that it likely would have provided faster access for affected users to withdraw what remained of their funds. In addition, a CCAA structure may have provided greater flexibility such as allowing creditors to hold more funds in bitcoin during the process. Ongoing profits from the new platform would be used to pay a recovery of the remaining losses. Such a model was successfully demonstrated in the Bitfinex hacking case (among a few others).

However, it should be noted that this model suffered extreme legal challenges if losses (a clear debt) were to be tokenized as these could be considered a security. While Bitfinex was able to complete this recovery, they did so in a different legal jurisdiction. Canadian securities law would likely not allow such tokens to be publicly tradable. In addition, case studies such as Cryptopia or Bitgrail show that relaunch attempts generally fail where the credibility or integrity of the platform is implicated, and even a renamed platform still suffers reputation damage as a result of Gerald Cotten’s fraudulent actions. This would place a relaunched platform at a significant disadvantage. When Bitfinex was hacked, people still trusted them. Quadriga committed massive fraud, and embezzled funds from thousands of Canadians. The platform had nothing more than a reputation that was completely destroyed.

The recovery token is being launched as a goodwill promotional gesture within a completely separate exchange (our partner exchange) with the key selling point being one of radical transparency being the first in Canada with a full cryptographic Proof of Reserve and regular public third party reporting to prove asset backing, a stark contrast to the deception implicit in Quadriga. Tokens represent losses from Quadriga, and the goal is to recover each and every loss token to products, services, or cash at the full discretion of affected users. All aspects of the recovery are best-effort and not covered by any sort of obligation or guarantee. The recovery will be structured such that all participants benefit from their participation and are incentivized to complete the recovery successfully.

​

An Initial Coin Offering (ICO)

2017 was a big year for Initial Coin Offerings, and we may see a repeat again very soon. However, the general data shows that participating in ICOs very rarely worked out for the investor. In cases where it did, it was often the case that the same coins or tokens could be purchased just months after the ICO for significantly less than investors in the ICO would have paid. A lot of people lost a lot of money.

While TxQuick may need some capital to launch, this is expected to be gained from accredited investors. Quadriga Initiative does not need your funds to start or participate. Participation for affected users consists of a 100% free claim process on the partner exchange. Participation for outsiders is primarily motivated by a desire to save money on products and services, effectively exploiting arbitrage when making purchases.

While the market value may be dynamic, all tokens have a fixed final value of $1. Either our mission is successful, in which case all losses of Quadriga represented in the tokens will be recovered, or our mission fails, in which case the free tokens will cease to have any utility. Over the process of recovery, tokens are generally exchanged for $1 discounts at the full discretion of token holders or to $1 CAD donated through a best-effort redemption. All discounts and redemptions come through partner businesses that participate as a sponsor in the recovery.

​

A Ponzi Scheme

The characteristic features of a ponzi scheme are an upfront investment of capital, no clear value proposition, and unrealistic returns (an impossible promise). By contrast, affected users nor any other participant in Quadriga Initiative are required to provide any capital whatsoever. There is no “investment” necessary. Participation is completely free for affected users, and others who wish to participate primarily buy tokens on an “as-needed” basis.

There is a compelling value proposition for each participant. Primarily, tokens can be exchanged for $1 worth of product or service from the participating businesses. For example, by keeping tokens in your account, you receive a $1 discount from each token as you trade. Other businesses will accept generally a percentage or portion of the purchase/payment price in tokens at face value. Token holders have free choice of using any of the businesses (or none of them), and only exclusive deals count towards the recovery. We have a set of rules for what counts and doesn’t, overseen by affected users.

Recovery is not in any way guaranteed and is being pursued on a best-effort basis. A successful initiative enables an affected user to recover the entirety of their loss, and enables the full recovery of the total loss amount. We’ve found that such is not just possible, but actually realistic on a multi-year time-scale, and for substantially less time and effort than the equivalent market salary. (An average labour market value of 5,000-9,000 man years.)

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"GoFundMe" for Affected Users

The standard model of charity is such that advertisements or events which consist primarily to evoke pity, empathy, guilt, etc… are used to convince the public to make donations. A portion of each donation is then taken to fund the administration of the organization, including running the sometimes expensive advertisements that generated the donations in the first place, and some remainder (sometimes surprisingly little) reaches the actual cause the donor intended. This model can work effectively when there is a massive disparity in the utility which can be gained from the funds. For example, a starving child in a third world country will benefit significantly more from a $10 donation than will a rich millionaire in North America (even if the donor paid $100). While some affected users have been placed in absolutely horrible situations as a result of what happened, because affected users are generally living in Canada (a first world country), such a disparity does not commonly exist among affected users.

In addition, a great deal of empathy and sympathy are required for the model to work. While our market research found that there is demonstrable empathy among a portion (one fifth to one third) of the cryptocurrency community towards Quadriga victims, there appears to be substantially less than would be necessary to fund the massive shortfall caused through Gerald Cotten’s fraudulent actions. Some money was raised for one affected user from a fundraiser “Tong Zhou Recovery GoFundMe”, however many express the strong opinion that affected users should instead take full responsibility for their losses, including many affected users themselves. Even if enough members of the cryptocurrency community feel that a recovery is a worthwhile cause, they have to weigh this against other causes competing for their donation dollars globally. While the idea of righting a wrong is compelling, there are a great many wrongs in the world to be righted. For these reasons we have assessed that a pure donation model would not recover funds at a scale necessary to create a meaningful recovery.

In addition, there is a moral counter-argument. From a purely financial standpoint, such a fundraising model does nothing more than move money around from donors to recipients (and it does so highly inefficiently). By contrast, Quadriga Initiative utilizes businesses in the economy who actively create new value when they produce products and services. The utility of what they produce is higher than the utility of the raw materials/inputs taken to produce it, which is what creates profit. Quadriga Initiative works to capture part of this created value. When token holders make purchases, it creates new economic activity. A comparable charitable model would only serve to transfer losses from affected users to generous members of the community, and do so highly inefficiently.

To help illustrate the difference, we could first consider a model where each affected user would donate $100 to another affected user in a series of large circles. Even though we could have exchanged the full value of the entire loss from a series of such transfers, the reality is that nothing has actually changed. In fact, if there is any cost at all to those transfers, such a model will inevitably only serve to increase the size of the loss. While a charitable model means that the source of those funds is not always affected users, this only means losses move instead to unrelated “generous” donors. While it certainly feels good to know that others care, and it definitely feels better to give money generously than to have it stolen from you, the end financial result is still just an equivalent or larger “hole” than that which originally existed. Anyone who donated money has that much less money, plus the cost of the transaction, and didn’t receive fair value for what they gave.

By contrast, a small business could take that same $100, and use their skills, technology, and processes to produce $140 worth of economic value. Many businesses regularly operate on margins this large (and need to in order to cover fixed costs which apply regardless of sales volume). A generous business can donate the $40 discount, and reinvest the original $100 in a further loop, thus creating a perpetual cycle which ends with the same capital as it started. Or they could donate a $30 discount, and the size of the contribution in each cycle would perpetually increase. (ie. the business can contribute to the recovery and still profit by doing so.) Hopefully, you can see that this model is fundamentally different because each transaction is resulting in a value creation. The losses of Quadriga are recovered by the creation of this new value in a competitive free market.

In addition to being free for businesses to participate in (they can do so with merely providing any sort of exclusive promotional discount), Quadriga Initiative aims to provide a useful service to the participating businesses in the form of increased engagement, an effective price segment, a tool to attract and upsell prospects, etc… Consumers benefit from participation by saving money and businesses benefit by expanding their market share. Every participant has a strong incentive to participate and benefits significantly by doing so.

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Hopefully this helps to illustrate better how the initiative works and maybe it solved some misconceptions you might have had. Please feel free to share your thoughts or post any questions!

The Mr Market metaphor by Benjamin Graham explained in practice

The Mr Market Metaphor At the starting of the classic Intelligent Investor book by Benjamin Graham (who was also Warren Buffett's professor), the author makes a metaphor that is key to understanding the intelligent investor mindset. He makes the following example: you own a piece of a company and everyday there’s a guy that comes to your door called Mr Market. This person is quite bipolar and everyday he gives you a price at which you can buy more shares in the company or sell yours. So how does the Intelligent Investor take advantage of this? Since Mr Market is guided by his mood and not by rationality he’ll offer prices that are far from real value. So one day he’ll feel quite negative and offer you low prices. So what are you going to do? You’re going to take advantage of that moment and buy more from him. Another day he’ll feel excited and he’ll offer very high prices, way higher than actual value. So how does The Intelligent investor take advantage of this situation? He’ll sell to Mr Market and take advantage of the unjustified optimism. This is just a metaphor and its sounds too far from reality but the point that many times events like these happened. I’ll give an example: in 2017 the biotech company Bioptix Inc all of a sudden changed its name into Riot Blockchain in the middle of the cryptocurrencies boom. As soon as this change was made the company's stock grew rapidly from around $4 per share to 25 and even surpassed the $28 dollars benchmark even though it didn’t have anything to do with blockchain, bitcoin etc… This happened because of the hype around the new technology. Some of these things happened even in the early stages of the internet when companies used to put “e-“ at the start of the company’s name or “.com” at the end to see the company’s stock appreciate.

Video credit: https://youtu.be/epPQlluPQcg

Crypto Digest: BTC up to $23.6k, ETH Futures on CME

It’s finally official — Bitcoin has beaten the ATH on all exchanges this week. But are you sure you did not sleep on all the other events the crypto community was discussing? Don’t worry, the ChangeHero team is here to help you catch up with all the cryptocurrency news in our weekly crypto digest!

https://changehero.io/blog/crypto-digest-btc-up-to-23-6k-eth-futures-on-cme/

#CHDigest

https://preview.redd.it/h30wiq5baz561.png?width=719&format=png&auto=webp&s=80be77e34221073416cd75dc70d0d3c2c3669616

Bitpanda Recap

Long time no see! We will recap for you the latest Bitpanda events one last time in 2020.

Today we’re going to start with some news on Pro, where you can currently participate on our Go Turkey! Competition. Until the 21st of December, 2020, you can win up to 90k TRY! More details about the competition can be found here: https://blog.bitpanda.com/bitpanda-pro-announces-turkish-trading-competition-and-turkish-lira-pairs/

We have also launched BTC/GBP and many other crypto-to-fiat trading pairs on Bitpanda Pro. Find out more here: https://blog.bitpanda.com/british-pound-gbp-and-bitcoin-trading-now-on-bitpanda-pro/ We have one more update for our British users. You are now able to deposit and withdraw British Pound Sterling free of charge and faster than ever before via bank transfer using your UK bank account. Find out more here: https://blog.bitpanda.com/introducing-lightning-fast-gbp-deposits-and-withdrawals-for-bitpanda-users-living-in-the-uk/

On the 15th of December Bitpanda celebrated its 6 year anniversary and we decided to throw a BEST trading competition. Participate and win up to 10k BEST: https://blog.bitpanda.com/celebrate-bitpandas-sixth-birthday-with-us-and-win-10-000-best/

We are also proud to let you know that we will fully support Flare Network’s Spark (SPARK) Airdrop on both Bitpanda and Bitpanda Pro. You can find out more here: https://blog.bitpanda.com/bitpanda-will-fully-support-the-xrp-flare-network-and-the-spark-token-airdrop-for-xrp-holders/

Have you already heard that Bitpanda will launch a Technology & Innovation Hub in Krakow, Poland? Moreover, we plan to invest more than €10 million into the Polish market and hire 300 engineers over the next few years. Find out more here: https://blog.bitpanda.com/were-opening-a-new-office-in-krakow-poland-and-will-hire-300-engineers-heres-why/

We are happy to announce that Bitpanda is the first foreign company and the largest registered Digital Asset Service Provider in France that is registered with the Autorité des marché financiers (AMF) so far. Find out more: https://blog.bitpanda.com/bitpanda-receives-amf-registration-and-is-now-regulated-in-france/

And that’s all from our side. Enjoy your holiday and see you with new updates in 2021!

NEW PayDepot - Bitcoin (BTC) ATM at Speed Mart/Exxon - North Carolina

NEW Pay Depot - Bitcoin (BTC) ATM at Speed Mart/Exxon - North Carolina

Check out Speed Mart/Exxon - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.

Bitcoin ATMs at Speed Mart/Exxon - NC LOCATIONS:

1101 M.L.K Jr Ave., Oxford, NC 27565 USA

Google Map Link: https://www.google.com/maps/d/edit?mid=1iT5ZLFCpwLebq-Osfm5YsPUBpwIqKf-9&usp=sharing

​

https://i.redd.it/cvz8nx8q1z561.gif

For Support, You can Email us at [Support@paydepot.com](mailto:Support@paydepot.com)

Price = Current market price

Limit = $800/$3000 Daily

ID: Required for Purchases over $800

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https://twitter.com/ATM_Near_Me
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NEW PayDepot - Litecoin (LTC) ATM at Speed Mart/Exxon - North Carolina

NEW Pay Depot - Bitcoin (BTC) ATM at Speed Mart/Exxon - North Carolina

Check out Speed Mart/Exxon - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.

Bitcoin ATMs at Speed Mart/Exxon - NC LOCATIONS:

1101 M.L.K Jr Ave., Oxford, NC 27565 USA

Google Map Link: https://www.google.com/maps/d/edit?mid=1iT5ZLFCpwLebq-Osfm5YsPUBpwIqKf-9&usp=sharing

https://i.redd.it/dd7xwxt93z561.gif

For Support, You can Email us at [Support@paydepot.com](mailto:Support@paydepot.com)

Price = Current market price

Limit = $800/$3000 Daily

ID: Required for Purchases over $800

-------------------------------------------------------------

FOLLOW US
https://twitter.com/ATM_Near_Me
or
https://www.facebook.com/ATM.Bitcoin

To Get the Latest Location and Promotional Event News
https://paydepot.com/map

NEW PayDepot - Bitcoin Cash (BCH) ATM at Speed Mart/Exxon - North Carolina

NEW Pay Depot - Bitcoin (BTC) ATM at Speed Mart/Exxon - North Carolina

Check out Speed Mart/Exxon - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.

Bitcoin ATMs at Speed Mart/Exxon - NC LOCATIONS:

1101 M.L.K Jr Ave., Oxford, NC 27565 USA

Google Map Link: https://www.google.com/maps/d/edit?mid=1iT5ZLFCpwLebq-Osfm5YsPUBpwIqKf-9&usp=sharing

​

https://i.redd.it/rwmku60t3z561.gif

For Support, You can Email us at [Support@paydepot.com](mailto:Support@paydepot.com)

Price = Current market price

Limit = $800/$3000 Daily

ID: Required for Purchases over $800

-------------------------------------------------------------

FOLLOW US
https://twitter.com/ATM_Near_Me
or
https://www.facebook.com/ATM.Bitcoin

To Get the Latest Location and Promotional Event News
https://paydepot.com/map

Possible to further subdivide Bitcoin?

I’m relatively new to Bitcoin and not well-versed in the technological side. I understand the 21 million cap and why that should remain in place, even if demand increases exponentially. I also know the lowest sub-unit now is the satoshi, worth much less than a penny today. But in the event of mass adoption and runaway increases in Bitcoin’s value in comparison to fiat, would it be one day possible, if needed in the far future, to further break down sats? Like a stock split, it would not devalue the underlying asset, just create a new division to make it more affordable/accessible? Thanks.

The CoinParty hackathon Is Now Hosted on DevPost.com

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https://reddit.com/link/kfm81w/video/0sjihprehy561/player

We want to reach as many talented builders as possible, which is why we have now added the CoinParty hackathon to the DevPost.com platform. This will bring the hackathon to a much wider audience and expose Bitcoin Cash to many new builders!

Devpost.com is a platform for hosting in-person and online hackathons. It already has a large user base of talented people who want to get involved in exciting events like CoinParty.

We won’t just be using DevPost to promote CoinParty, we will also be using it as a place to host and organise it. Teams will be able get the information they need, and submit their projects there. This will also be the place where the judges will cast their votes (except for the Block Party prize). Thanks to Devpost, all this information and activity will now be managed in one place.

If you want to help Bitcoin Cash reach more people and expand the ecosystem please make sure you share coinparty.devpost.com and coinparty.org everywhere you can.

Also, if you are a developer or any other kind of builder make sure you sign up now at coinparty.devpost.com and come join our slack to get the party started!

Bitcoin has crossed the mark of $20K, leading Ethereum, Ripple XRP and other altcoins

https://preview.redd.it/sq95u3gwwx561.jpg?width=1640&format=pjpg&auto=webp&s=6db39c82e9bd9fbfb0ef7430ec9ca70f466221ad

Apparently, the long-awaited by the whole crypto community event has happened. Bitcoin repeated the record high of 2017, and again reached the value of $20K. At the moment, it seems that BTC can no longer be stopped

​

Read completely - https://decimal.news/bitcoin-has-crossed-the-mark-of-20k-leading-ethereum-ripple-xrp-and-other-altcoins/

True Flip Casino 30 No Deposit Free Spins Bonus Code

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True Flip Casino Review & Free Bonuses

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What upcoming dates may effect Bitcoin's price?

Historic data and how Bitcoin has performed in the past is no indicator of the future, but I figure there's no harm in talking about how some events in the next few months may affect the bitcoin price. (and perhaps be ready to buy a bit more if we do see a dip)

Christmas and New Years:

Could we see it go down? If there's no-one in the greyscale office to push that big buy button on a daily basis, the incredible levels of demand we've seen lately may drop off.

Could we see it go up? It is bonus season afterall and the bankers might wanna treat themselves.

Will Brexit influence the price? (January 1st the UK could leave without a deal) The UK has a pretty big economy and leaving the EU is stupid- could the UK economy tanking lead to people rushing to 'safe havens'

Chinese New Years:

The chinese new year (Friday 12th February in 2021) does seem to have effected the price historically, with a slow dip in January followed by a sharp increase around the Chinese new year- will we see a pattern like this in 2021? Potentially, would it make sense to have a bit of money lying around to buy some bitcoin in the couple of weeks beforehand?

Financial New Year:

It's the financial new year in April- I was going to go with the theory that Bitcoin will go down, but apparently historically it has gone up in April and tends to finish the month with a gain.

My take-away:

I got no idea what bitcoins gonna do in the future. I'm not gonna pretend I do. The limited amount of lazy research I just did encourages me to HODL through January (even if it does start going down like a slow puncture). Depending on January performance maybe use some of my January pay packet to buy a little more before the Chinese New Year.

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What do you think will happen?

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The Bitcoin 21 Million Cap Argument.

We have all seen recently the critics of the mechanism that keeps Bitcoins supply at no more than 21 million coins, let’s not complicate this debate by adding in lost or hacked coins let’s just stick with 21 million.

We all know in theory that cap could be raised if all miners agreed to that increase and there may be certain circumstances that could make that kind of increase move plausible.

Now personally I believe the argument about the cap increase is scraping the bottom of the barrel as most critics are running out of arguments against Bitcoin as an investment.

The big question and one I cannot answer as I do not have a computer science degree is whether the community could eliminate this cap argument via an upgrade to the protocol.

I image a mechanism that could be built in that if anyone did try and vote or implement a cap increase would or could trigger a destruction of the chain, kind of like a suicide button which would literally destroy Bitcoin and everything that existed.

Of course this would be an extreme event and with it being triggered automatically in that event wouldn’t that be enough to prove that no way ever would there be any supply increases in the future.

Or for conversations sake has anyone else pondered this issue as it seems to be being used more and more by none believers.

Thoughts please.

CYBERSECURITY CASE - FINANCE & BANKING SECTOR

InfoperceptBriefings :

We, Infopercept, are a leading Managed Security Services Provider. We advise our clients regarding measures to beef up their cybersecurity. Cybersecurity crisis management and quick incident response are some of the key areas addressed by us.

We have created a case study to understand how breaches occur, how the incident response teams respond, and the associated remedial actions are taken. The case study is based on real events. But due to the sensitive nature of the event, names have been concealed and certain facts pertaining to the company have been fictionalized.

1. BACKGROUND
   A financial company dealing in banking services and credit card businesses is headquartered in the Middle East with many branches spread across several cities. There were talks of a mega-merger. On a Wednesday afternoon, just before a 3 day weekend, the CIO received a ransom email from an unknown entity, stating that they knew about the merger plans and also had personal data of more than 2 lac customers.
   As a sample, the private details of five hundred customers were enclosed within the ransom email as "proof". The threat: Unless a major ransom was paid in Bitcoin they might leak the merger plans and sell the client info. Along with a Legal company, Infopercept, as a Managed Security Services Provider, was also appointed to manage and advise on the incident response. We commenced work right away, power-assisted by the expert competent teams, to assess and measure the volatility of the threat.
2. FIRST RESPONSE:
   Our “Security Optimization Centre” was set up as a primary step to validate the threat. We found a discussion on a hacker website, within the darknet, that talked about the availability of personal information of 2 lac account holders of our client. Additionally, personal details of 500 customers were also provided as proof.
   “To catch a thief you must think like a thief.” is an age-old saying.
   The RED TEAM of Infopercept works on the aforementioned proverb. Although simple in nature, it is the core strategy of Infopercept. This is implemented as soon as the security audit is completed.
   The RED TEAM MEMBERS are our Ethical Hacking Consultants; experts, who test various aspects of an organization’s network in the interest of identifying and resolving vulnerabilities.
   Our team plunged into action, and within a few hours, they were able to record and safeguard the relevant server logs. A big crisis was averted and further damage prevented, as the malware was identified and neutralized immediately which was still active on our client's network.
   Even as these activities were occurring, all other communicating channels were simultaneously secured which were used between the customer, the advocates, and the forensic analysts.
   After a thorough analysis of the sample data that was compromised, we concluded that it was indeed the client data that was compromised and security was breached.
   On further analysis of the server log noise, we figured out that in reality personal data records of 500 employees were only missing and the rest of the data was safe. This also led us to doubt if the hackers had any reliable information about the merger.
3. REPORTING AND COMMUNICATIONS :
   Even as the cyber team was securing the network, another team began work on drafting and implementing guidelines for various other communications and reports that were to be generated. Immediate action was taken regarding communicating to the relevant authorities, the affected 500 customers, other staff members, etc.
   It had become clear that apart from the data of the 500 customers, the hackers didn’t have any other data or information regarding the upcoming merger. Thus with consensus from the company, the legal team, and us, it was mutually decided not to pay the ransom.
   But action had to be taken regarding the leaked data. As it contained the customer’s name, contact details, email addresses, etc., it was decided to inform them of the breach and caution them against falling prey to fraudulent emails or calls. The customer care executives too were informed and were prepared to handle queries pertaining to the same.
   A press conference was called and relevant details were given out. The concerned authorities such as the monetary authority and the administrative authority were briefed within 24 hours of the receipt of the ransom email. This was done even before the customers were informed about the breach.
   We wanted to ensure that the line of communication was transparent right from the beginning till the end of the investigation. This was done so that the legal team, the security team members, and the government authorities were all on the same page and there was no miscommunication.
   We further reiterated that from then on, there will be a sharing of information among the involved parties with regular updates. We advised the customers to strengthen their online security, be alert to any unusual activity, and inform the security team in case of any suspicion.
4. FURTHER INVESTIGATION & INQUIRIES
   Listed below are the findings of our investigation and also solutions to queries raised to us.
   

• Modus operandi by hackers:
  The CEO of our client company used to travel a lot. He was also part of many CSR (Corporate Social Responsibility) activities and initiatives. An Executive Assistant (EA) was assigned to take care of all communication through emails. Like on any regular day the EA received an email requesting sponsorship with the applicant’s profile attached. The unsuspecting EA downloaded the attachment leading to the entry of the malware into the system and putting the whole network at risk.
• Non-deployment of IT staff 24x 7 :
  Even though important security measures were in place such as antivirus and firewalls which delayed the breach, it wasn’t sufficient to stop the hack. As the attack was intelligently planned on the weekend, the log alerts went unnoticed and there was no one to take action.
• Lacking Competent Technical Resources:
  Given the size of the large corporation, the resources allocated to take care of security were proportionally very less. This was a glaring loophole in the entire security framework.
• Security Audit:
  It was also learned that there was no one looking into the security audit of the firm which is essential to remain on top of the game. So the first thing we suggested and implemented was putting in a team to do regular audits and all other compliances.
• Benefits of Security Audit:
  We reiterated to the client the importance of having a regular security audit. The main benefit being identifying vulnerabilities or gaps in the system and rectifying them before any untoward incident occurs.
• Outsourcing of WEB PORTAL & Applications:
  The design and implementation of the website of the customer were given to a third party. Naturally, it gave rise to security concerns but we allayed their fears.
• Loopholes in Cyber Security:
  In spite of using a number of cybersecurity measures to take care of the websites, applications, and their external network, three glaring vulnerabilities were spotted by our team and brought to the notice of the company.
• WEAK ENCRYPTED INTERNET TRAFFIC:
  The most shocking observation we found was the lack of use of HTTPS (which is the encrypted internet traffic) at a login form in the website. This glaring error made the network vulnerable and easy for hackers to get access to the customer's usernames and passwords when they would log in on this vulnerable page. This way our clients’ customers' accounts may have been compromised. The customers were bank account holders, credit card holders of our client, and those accounts were at big risk of being compromised.
• A bridge between our CLIENT and the AMALGAMATOR:
  As the incident was out in the open, everyone including the buyers who were part of the merger had become aware of the security breach. Although a lot of damage control had been done, still it was necessary to convince the buyers of a secure network. Thus the client requested us to play the role of “Security Advisor”.
  We represented the client and did a presentation in front of the board members of the buyers and their cybersecurity team to show the security of the infrastructure. We explained in detail the reason for the hack, the lapses, and the remedial action taken by us. Once they saw the security measures taken up by us they were reassured and convinced and gave the green signal to proceed with the merger.

1. SOLUTIONS AND CYBERSECURITY IMPLEMENTATION:
   

• Security Audit:
  Upon auditing the security network, 300 odd lapses were found and corrective actions are taken.
• Training of the resources:
  Our team shadowed the client's IT Team, trained them, and kept up the training for a period of 90 days.
• OPTIMIZATION taken as an Approach:
  The first step taken by us was that of Optimization. We optimized the client’s resources and tools within the allocated budget and were able to produce top of the line security of their infrastructure.
• Technology Optimization Centre :
  A Technology Optimizations Centre (TOC) was set up for the client. As the client was in the banking sector, the PCI DSS (Payment Card Industry Data Security Standard) was set up to take care of the transactions. A 90-day trial run was done and all activities were mapped.
• Compliances:
  Compliance certifications were done as per the required norms of SAMA (Saudi Arabian Monetary Authority) regularization. This was well appreciated by the client as this determines their credibility and provides grounds for continued licensing by the SAMA.
• Reengineering of the Processes and systems:
  All the IT processes and systems were reengineered in chronological order. This streamlined the operations and brought much relief to the clients. They were now able to focus on their core business by leaving the security management to Infopercept. From time to time the management sought reviews from us as well as their IT team.
• Tools used for Cyber Security:
  As per the requirement of the client, we implemented a DARK WEB as the most reliable tool to secure the online transactions being done by customers of our client.
  Various techniques of Infopercept were implemented such as Deception technology for advanced attack detection. Moving Target Defense (MTD) was brought into action to control the changes across the multiple system dimensions. This was done to make it complicated for the attackers to hack the network, stall their attack, and buy time to stop them from causing major damage.

FINAL RESULTS:

After the great job is done by Infopercept’s RED TEAM, BLUE TEAM, GREEN TEAM, PURPLE TEAM, and PINK TEAM for 180 days, our clients were extremely satisfied with the result. We were asked to look after their security systems for a year and set up their SOC, TOC, and COC centers for a year. We further advised them to be alert to any suspicious activity and report at once to our security team. We also taught them the remedial actions to be taken in case of a future attack. As part of strengthening their network, we asked them to segregate their activities related to their daily dealings from the network that deals with the storage of sensitive data and information pertaining to their customers. We also worked closely with them in reframing their cybersecurity policies and procedures and increasing awareness among their employees.