Sunday, May 30, 2021

Things we should focus on short-term

1) I believe the team needs to hire a few people to help run/moderate the social media accounts.

  • Seeing comments on the official FB, from scammers pretending to be Elongate... stay on the page for 5 hours is wild. This kind of stuff needs to be removed within a timely manner.

I do NOT think that turning off fb comments is the solution... commenting on a post can make it show up on our friends' newsfeed... which will drive additional traffic to the page. Having a solid social media team can really help us stand out from similar Tokens (who simply opted out of allowing comments).

This is also where the community can help too!!!!!!!

If you see a scam comment. Do your part and report them. Don't just ignore it!

2) The official Facebook page only has <9,000 followers.

  • That is over 4 times less than Discord or Instagram
  • over 3 times less than Reddit followers

Please take a few seconds to like the official fb page.

https://www.facebook.com/elongate.cc/

Older generation isn't on tiktok/instagram/Twitter as often as they are on Facebook.

Sure, I'd love to see Targeted social media Ads and all that marketing stuff as well.

But, we don't need to wait for that to happen! Advertising will be much easier for the marketing team if the FB page has 40,000+ followers in 2 months, as opposed to 8,500. As stated earlier...when followers interact with posts, their friends will see some of it....which is free marketing for us.

Also, if you would like to be even more proactive, don't forget to do a daily google/youtube/twitter search on Elongate to help get it Trending.

I promise you that Doge did NOT get to $0.70 overnight. In fact, after the initial "wild" spike from 0.01 to 0.7.... it sat idle for 2 months between 0.035 and 0.055 before it really took off. And that's after YEARS of being out and being pretty trendy...and in the middle of a bullish market.

Everyone wants to ride the hype during massive gains, but reality is... there are time periods of significant dips that all coins you can think of have gone through.

I see comments from people that say were an "early investor in Doge"... at $0.06 cents 😂. It makes me laugh. I got in quite a bit before them, and don't consider myself to be an early investor, at all.

Anyone holding Elongate right now is truly an early investor. Imagine if you bought Doge at the very beginning. That's what we have right now. There will be ups and downs. Let's ride it out. Stop only looking at All Time Highs. Look at Bitcoin's annual lows too!

3) Please, watch the tone of your comments!

I understand that it's frustrating when you invest, and the prices crash. But that is the unfortunate reality of just about every coin out there, right now. It's just the time period.

  • We caught traction around the time of thr mass dump of Doge which plummeted their prices ( and started to bounce back eventually). This created doubt amongst the masses.

-Then the BTC price crashed shortly after, which dragged down everything else.

-Those events caused a panic selling of crypto which contributed to making big dips, massive.... by making people hesitant to buy in, while they panic sold.

Dips happen. In order to bounce back, 3 things need to occur.

I) BTC, along with the crypto market in general needs to settle down.

  • Could be a few more weeks. Could be a few months. Nobody knows for sure. We just know that eventually it will. Nothing increases forever. And nothing decreases forever when it comes to popular coins.

II) New investors need to buy

  • This is why it's important to watch your negativity!!!

    I'm NOT telling you to be happy if you are down at the moment. I'm not telling you to lie that you turned $300 into $1,000.

I'm simply saying that there is a productive way to voice concerns!

(Ex. actual topics where devs ask for feedback, or making a suggestion post that offers novel ideas)

There are ways that are not productive ( Panicking and stressing out others who are already not overly happy about the current market)

There are also COUNTER-productive ways such as going to a post that highlights progress or news... and flooding the comments with negative crap that has already been put out there 100 times today by others.


Picture a scenario:

A person hears about Elongate. They're somewhat familiar with how stocks and crypto work. They understand there are risks. They come to the subreddit to see what the coin is about... and read some of the feedback from holders. And they see nothing but "Marketing... marketing. We need better marketing omg!!"...

Even if they were ready to risk $300 to invest, before... liking the idea of buying cheap during a dip... there's a good chance they're on the edge. And seeing a boatload of negative comments from panicking "holders" could be the thing that deters them and many others.

Will losing 1 person hurt us? No... absolutely not.

But if we lose 500-1,000 potential "newbie" investors like this a month? That's pretty significant. Even if you set the money (they bring into the pot) aside... Each new holder will likely tell 1-2 people. That's huge at such an early stage.


Also, don't forget that the developers are humans too. Hearing words of encouragement and support from the community would most definitely not hinder their performance in the future as long as we also provide them with good, fair/constructive feedback.

III) Holders need to HODL. If you can afford to.

-Let's be real here. Shit happens in life. You might need money really bad... or you might hit your target profit and cash out. I'm not going to hate you, hell... we won't even know who you are.

All I'm saying is... if you legit believe that Elongate can hit 0.001 some day... and can afford to hold with us. I'm not selling a single token anytime this year. Or the next. Or the next. Or the next

P.S. If you click the "social tab" Devs have neatly laid out all of the official social media accounts and provided a list of all the Reddit usernames who are legitimately part of the team (mods).

When in doubt, check the list. Don't fall for scams.


Does not feel right!

Considering everything is joined to the hip of Bitcoin currently, it just does not feel anything like a high was reached for Bitcoin after its 3rd Halving event mid last year.

No crazy peaks into the red bands like 2011, 2013 and 2017, just a prolonged trading band in the 50's region followed by the "dip". Its hard not to visualise a 160K - 190K Bitcoin within 6 months.

But, who the hell knows! If it does, we will be front and center for a crazy last 6 months of 2021!

https://preview.redd.it/qvs36idyud271.png?width=1266&format=png&auto=webp&s=d8ce6be76c123727909716fdffdbef9e8776d4f0

https://preview.redd.it/ktq9f3afwd271.png?width=1439&format=png&auto=webp&s=f48149c89be26d682b26b3d9991bd1472e8365d3


Conflicted about eMax? Here’s my two cents...

Seeing a lot of conflicted people on here and social media platforms so decided I’d give this a post.

First off with this coin I think that it was super unprofessional and they definitely did not give enough notice on the hard fork. It confused a lot of people and I think them having two contracts lost momentum for things. Having been a holder before the fork I can 100% say all the coins bought before the fork were airdropped and 100% converted. I hold in coinbase wallet and used uniswap. There was definitely a reason for the hard fork and that can be researched on your own time.

That said, people calling it a scam. Almost every crypto can be seen as a scam and although many say they have use value rarely any do. Shit some of the coins getting pumped are just value based. Let’s be real, most cryptos are an investment for people to make money on much like the stock market. Personally, I think the idea of trying to merge a meme coin with some utility use value is actually pretty innovative and exciting for the crypto world, like what eMax is trying to accomplish.

Their last AMA was interesting and had some good points. I’ll put a rough summary below. They have enough marketing and credibility to take some of my money. If it goes off awesome, if not we will live another day. Just put what you can afford, FOMO is real and you have to be disciplined when investing. Yes this coin is an investment just like anything else, do your research and come up with a plan of how you will buy and when you will sell.

Side note, it always makes me laugh that people post stuff like this is a rug pull, scam, etc and act like they really care about people losing money. Like are you pro actively seeking out options signals discord’s letting people know that they will probably lose money on these? Are you seeking out scammers that contact by phone / email and take money from old people? I’m still failing to see the point on those types of posts.

Latest AMA summary

Major take always that I got from the devs talking

1) After hard fork- Coin is now a culture coin(not a meme coin) Tmt(floyd mayweathers company) now endorsed emax for all their stores and companies that Floyd own ie his jewelry stores.

2) pushing to turn this coin into a utility coin meaning you can buy anything with this coin using an emax debit card. But right now they are using this coin as an event coin meaning you can use this coin to buy tickets to concerts, raves, ufc fights, etc. but it has to be approved by the event to be able to utilize it.(work in progress)

3) devs said it’s realistic for emax to hit a penny because of the market cap being reached in just two days. The reality of the coin becoming next Bitcoin is real. Emax is the fastest growing crypto in history.

4) emax is now going to be put on major coin markets in the coming weeks. IE binance

5) next week emax will be announced at Bitcoin expo

6) reasons for the 80% dip was because a lot of people became millionaires. Making space for new upcoming millionaires. (On a good note people that held made a lot of coins from just holding)

7) up coming week going to blast emax off with the fight and Bitcoin expo


🔥$MIL🔥 BREAKING NEWS: $MIL purchased the digital ad space for every billboard surrounding the 2021 Bitcoin Convention in Miami, FL on June 4th, 5th and 6th!

This is pretty big news! This is the first in person convention for any crypto since the beginning of the pandemic. There will be a lot of news coverage on it and a lot of big names there! They're hinting that there's a bigger surprise that's coming!

So here's the catalysts for the upcoming 7 days:

-Nascar Driver Keith McGee deploys his social media marketing and conventional media advertisements (Fox, ESPN, ETC)-Deploy advertisements across Miami covering all areas of the 2021 Bitcoin Convention in the 4th, 5th and 6th.-First donation. This solidifies this project. This project is so new they have yet to do their first donation to the heart of a lion foundation for veterans.

-CMC Listing.

-Fox news interview that Keith McGee recorded today airs sometime this week, no later than Tuesday, according to the Devs-Devs said they were invited to the conference and heading down that way. Now why would they go? They accomplished all of this within a week, I'm sure they have something cool coming up. They're tight lipped about it though and only will hint that there's more to come.

This project has the right people making the right moves. They have done this in just a few days, it is insane. Take a look for yourself.

The amount of news, press and events are all happening at once and something tells me they are just getting started.

Website: Https://www.Military.finance

https://preview.redd.it/dfebea1pkd271.jpg?width=1785&format=pjpg&auto=webp&s=3dd21c075bbddc782fd92c72b90b13565bc58274

https://preview.redd.it/b79cp91pkd271.jpg?width=1806&format=pjpg&auto=webp&s=08683ce31e2bdc7bc3180ee761514da41e7020bf

https://preview.redd.it/y21s5khrkd271.jpg?width=905&format=pjpg&auto=webp&s=01cc478c4ad41f3db9c1403232d67f6cfe0ff842

https://preview.redd.it/4b0n6khrkd271.jpg?width=840&format=pjpg&auto=webp&s=3f877fecd94ee8c680d5cbd237ccb308ec24cf84


🔥$MIL🔥 BREAKING NEWS: $MIL purchased the digital ad space for every billboard surrounding the 2021 Bitcoin Convention in Miami, FL on June 4th, 5th and 6th!

This is pretty big news! This is the first in person convention for any crypto since the beginning of the pandemic. There will be a lot of news coverage on it and a lot of big names there! They're hinting that there's a bigger surprise that's coming!

So here's the catalysts for the upcoming 7 days:

-Nascar Driver Keith McGee deploys his social media marketing and conventional media advertisements (Fox, ESPN, ETC)

-Deploy advertisements across Miami covering all areas of the 2021 Bitcoin Convention in the 4th, 5th and 6th.

-First donation. This solidifies this project. This project is so new they have yet to do their first donation to the heart of a lion foundation for veterans.

-CMC Listing.

-Fox news interview that Keith McGee recorded today airs sometime this week, no later than Tuesday, according to the Devs

-Devs said they were invited to the conference and heading down that way. Now why would they go? They accomplished all of this within a week, I'm sure they have something cool coming up. They're tight lipped about it though and only will hint that there's more to come.

This project has the right people making the right moves. They have done this in just a few days, it is insane. Take a look for yourself.

The amount of news, press and events are all happening at once and something tells me they are just getting started.

Website: Https://www.military.finance

https://preview.redd.it/yr98ydczld271.jpg?width=1785&format=pjpg&auto=webp&s=21db2571ef8e3c6bcc28bcec5d57614941c2ec47

https://preview.redd.it/m08qmjczld271.jpg?width=1806&format=pjpg&auto=webp&s=dbfb69157ce6d16b49361a445914f62fee78aa8e

https://preview.redd.it/qx0bpq70md271.jpg?width=692&format=pjpg&auto=webp&s=237857c99a5450ca0d026558c70d1f556cf6b01b

https://preview.redd.it/691uhn70md271.jpg?width=905&format=pjpg&auto=webp&s=a1484206d24f58db530e5810e806f9a6153bd592

https://preview.redd.it/zrrilr70md271.jpg?width=840&format=pjpg&auto=webp&s=3cde7033bdcb3d0bbfac24557d77a1cefd1daf60


🔥$MIL🔥 BREAKING NEWS: $MIL purchased the digital ad space for every billboard surrounding the 2021 Bitcoin Convention in Miami, FL on June 4th, 5th and 6th!

This is pretty big news! This is the first in person convention for any crypto since the beginning of the pandemic. There will be a lot of news coverage on it and a lot of big names there! They're hinting that there's a bigger surprise that's coming!

So here's the catalysts for the upcoming 7 days:

-Nascar Driver Keith McGee deploys his social media marketing and conventional media advertisements (Fox, ESPN, ETC)-Deploy advertisements across Miami covering all areas of the 2021 Bitcoin Convention in the 4th, 5th and 6th.-First donation. This solidifies this project. This project is so new they have yet to do their first donation to the heart of a lion foundation for veterans.

-CMC Listing.

-Fox news interview that Keith McGee recorded today airs sometime this week, no later than Tuesday, according to the Devs-Devs said they were invited to the conference and heading down that way. Now why would they go? They accomplished all of this within a week, I'm sure they have something cool coming up. They're tight lipped about it though and only will hint that there's more to come.

This project has the right people making the right moves. They have done this in just a few days, it is insane. Take a look for yourself.

The amount of news, press and events are all happening at once and something tells me they are just getting started.

Website: Https://www.Military.finance

https://preview.redd.it/d9ellzscmd271.jpg?width=1785&format=pjpg&auto=webp&s=7b503917a68ffacbed2114ec92b25145dcea9ca3

https://preview.redd.it/r5ml11tcmd271.jpg?width=1806&format=pjpg&auto=webp&s=2b35ff4477a319af20118df70366d89de43e84ca

https://preview.redd.it/l7936lmdmd271.jpg?width=692&format=pjpg&auto=webp&s=f7f1ca3b11c9a614775faf086ada8b20534e3aef

https://preview.redd.it/vkf34omdmd271.jpg?width=905&format=pjpg&auto=webp&s=9c694d626f4f3b97b1e82984e9b093226ca7f530

https://preview.redd.it/kebzpmmdmd271.jpg?width=840&format=pjpg&auto=webp&s=b699ab4c5502e9288eb6d77bb5ddaeb5e1ee208b


🔥$MIL🔥 BREAKING NEWS: $MIL purchased the digital ad space for every billboard surrounding the 2021 Bitcoin Convention in Miami, FL on June 4th, 5th and 6th!

This is pretty big news! This is the first in person convention for any crypto since the beginning of the pandemic. There will be a lot of news coverage on it and a lot of big names there! They're hinting that there's a bigger surprise that's coming!

So here's the catalysts for the upcoming 7 days:

-Nascar Driver Keith McGee deploys his social media marketing and conventional media advertisements (Fox, ESPN, ETC)
-Deploy advertisements across Miami covering all areas of the 2021 Bitcoin Convention in the 4th, 5th and 6th.

-First donation. This solidifies this project. This project is so new they have yet to do their first donation to the heart of a lion foundation for veterans.

-CMC Listing.

-Fox news interview that Keith McGee recorded today airs sometime this week, no later than Tuesday, according to the Devs
-Devs said they were invited to the conference and heading down that way. Now why would they go? They accomplished all of this within a week, I'm sure they have something cool coming up. They're tight lipped about it though and only will hint that there's more to come.

This project has the right people making the right moves. They have done this in just a few days, it is insane. Take a look for yourself.

The amount of news, press and events are all happening at once and something tells me they are just getting started.

https://preview.redd.it/cuubs3nmmd271.jpg?width=1785&format=pjpg&auto=webp&s=5dbbab67d6c01c3080ad10d8dd805f6fa0d87eff

https://preview.redd.it/gdmss5nmmd271.jpg?width=1806&format=pjpg&auto=webp&s=550d23afdac861076a412cde18e97f79d1b4962a

https://preview.redd.it/jdsfmojnmd271.jpg?width=692&format=pjpg&auto=webp&s=36ac9118017b0a9f55f876a995a96475bdfa9969

https://preview.redd.it/ibzrn8knmd271.jpg?width=905&format=pjpg&auto=webp&s=3e0ef5344f4feae373ddea26d1169e1f1e71ccaf

https://preview.redd.it/7karrsjnmd271.jpg?width=840&format=pjpg&auto=webp&s=4990e5e174b23f9b5f4128f3ec307c83b0f80046


$Mil🔥 Breaking News: $Mil purchased the digital ad space for every billboard surrounding the 2021 Bitcoin Convention in Miami, FL on June 4th, 5th and 6th!

This is pretty big news! This is the first in person convention for any crypto since the beginning of the pandemic. There will be a lot of news coverage on it and a lot of big names there! They're hinting that there's a bigger surprise that's coming!

So here's the catalysts for the upcoming 7 days:

-Nascar Driver Keith McGee deploys his social media marketing and conventional media advertisements (Fox, ESPN, ETC)

-Deploy advertisements across Miami covering all areas of the 2021 Bitcoin Convention in the 4th, 5th and 6th.

-First donation. This solidifies this project. This project is so new they have yet to do their first donation to the heart of a lion foundation for veterans.

-CMC Listing.

-Fox news interview that Keith McGee recorded today airs sometime this week, no later than Tuesday, according to the Devs

-Devs said they were invited to the conference and heading down that way. Now why would they go? They accomplished all of this within a week, I'm sure they have something cool coming up. They're tight lipped about it though and only will hint that there's more to come.

This project has the right people making the right moves. They have done this in just a few days, it is insane. Take a look for yourself.

The amount of news, press and events are all happening at once and something tells me they are just getting started.

Website: Military.finance


JaneChang Diary:531

Recently, the stock market has been agitated.

It is not obvious to me, because I am mainly fixed investment, and half of my

positions are cross-border ETFs, and the RMB has been increasing in value, which is

equal to

My assets are shrinking.

Therefore, even though A shares have risen sharply recently, my overall earnings

have not changed much.

Is the continuous appreciation of the renminbi good or bad?

If you buy a car, it must be a good thing.

It means that imported cars are getting cheaper and cheaper. If it can be exchanged

for dollars one to one, then?

All Bentley Ferraris have become SO EASY!

As soon as the Chinese go abroad, any car is cheap. The price of Chinese cars is

also one of the best in the world. Simple conversion, no difference

Most are about three times the US price equivalent to RMB.

When I went to England, I met a fellow from Huang Mao. His dad works in Shandong and

my mother works in Beijing. His dad is already very good.

Yes, he told me that as far as his father’s family is concerned, it’s very poor,

and their family has businesses in Australia and Africa.

He used to work in a ministry, which didn't feel interesting. He went to study

again. I am older than them and can play again, so it hits him off.

How does he pass the boring time?

In the study abroad forum, doing black rental is to pick up and drop off the airport

and be the second landlord.

He bought a Range Rover, a second-hand one, for 20,000 pounds. He told me that there

are many luxury cars in the circle of classmates, because when everyone comes,

I think the cars here are too cheap.

For example, if you go to study in the UK, you don’t know anyone and don’t know

where to live.

Just contact him.

I wonder if Huang Mao knew him because of this?

At that time, he told me that the car could not be shipped back, and it was on the

right-hand drive, otherwise it would be given to you.

After I returned to China, there were fewer contacts.

Only QQ, no WeChat. After the 18th National Congress of the Communist Party of China

began to fight corruption, a colleague of his dad was investigated. It was a local

sensation at the time.

I asked, are you okay?

He said, it's okay, everything is fine.

Later, I lost contact, and I don’t know if he returned to China later...

I asked Huang Mao, Huang Mao said that she had no contact with these people after

she went to the Netherlands. According to Huang Mao told me, these sons are the

owners of black renters.

If it’s the first time to pick up girls, the younger sister came to the UK for the

first time, and she would know such a big brother and live in their house.

Come and go, we are together.

I think he is an exception.

Because he has the realm that Qianfan has skipped, and this can be felt, we drink

together, clubbing together, chatting together, his focus is based

This is not on women.

Unfortunately, no follow-up contact.

The more wealthy children come from, the stronger the earning ability, as if they

are born with genes. In 2008, there was a time when Teacher Wang signed a contract

in Yancheng.

At that time, I was living in Shanghai. Teacher Wang asked me to follow her

daughter. Her daughter worked for a World Bank and returned from the UK.

Graduated from a prestigious school.

She was a second landlord when she was studying in the UK, and she was able to

support her studies. It seemed that there was about 15,000 US dollars left in a

year.

How to promote?

It is the Study Abroad Forum.

At that time, the articles I wrote were mainly on the Internet, and the president

did not approve it very much, because the Internet is a new thing and he treated me

The change of opinion was due to the fact that he listened to Mr. Wang’s daughter

about his promotion of renting a house through the forum. He patted his thigh and

exclaimed.

Wow, it turns out that the Internet is so magical.

Damn it, it's already 2008.

He is still alive in primitive society!

However, as far as the entire publishing industry is concerned, they are also

avant-garde. Except for computer teaching materials, the publishing industry did not

touch each other at all at that time.

On the subject of networking, are the big discussions about Jack Ma a genius or a

liar?

Interesting?

Is RMB appreciation a good thing?

I don’t understand, but it’s definitely not a good thing. Just look at the Trump

era. Trump has been pressing for the appreciation of the renminbi.

But we just don't.

I was thinking that perhaps the biggest drawback of RMB appreciation is that Chinese

goods have become luxury goods.

Foreigners can't afford it.

that……

We have completely opened the inner loop!

For foreign trade, it is necessary to ensure the devaluation of the renminbi,

otherwise foreign trade will be completely dead.

I don’t understand these complicated concepts, but I understand the balance between

yin and yang.

After a little research, he believes that the renminbi will fluctuate between 6 and

7, and it is impossible to unilaterally trend, unless foreign trade is no longer

needed, and it is completely closed.

Locking the country will have a high probability of opening and closing in the

future.

Last time, President Pine’s advice to me was: cherish everyone’s 50,000 US dollars

foreign exchange quota. This is a reasonable and legal exchange channel.

People use it all.

Don't really think that the renminbi is continuing to appreciate, would you try to

liberalize foreign exchange control?

The money ran away in an instant.

The real estate was blood drawn in an instant.

I didn't listen to him...

As soon as the stock market was restless, all of them were restless. Among the three

groups of us, Niu Ge and Song Xun talked a lot. We talked about trends, policies,

and talks.

In the future, talk about life.

President Pine was close to me, two blocks away, and he came with the dog.

Yesterday, it came again.

I said, if you take a cut of the picture, if the stock returns, I will use it to

install B.

He said, good.

I said, at this moment, I sent it while it was hot, otherwise others would think I

was transferred to others.

He said, good.

His income in the last five months is 300,000 U.S. dollars. I wrote this paragraph

with the picture: My father’s demolition funds let me buy stocks.

He ridiculed me a few days ago. Don’t lose money. Actually, I haven’t read it

since I bought it. I just looked at it and it earned more than 300,000 US dollars

this year.

Yes, after posting to Moments, I asked President Song: Do you see any loopholes?

He said that there is no big problem. If someone who is familiar with you thinks

that there is a loophole, it means that your positions are all individual stocks and

you don't want to buy individual stocks.

I said, it doesn't matter, I was rounded up earlier, and I said it was a stock that

I bought.

He said, that's fine.

I said, you will regularly take screenshots for me in the future, otherwise I will

not be able to continue to install them.

He said, you need to find me at any time.

I asked, how did your writer lover think of being a director.

He said, don't talk nonsense, just friends.

I said, she doesn't have that talent.

He said that for the tasks arranged above, officials are going to set up a vibrato

to record the events of Yimeng people.

I said, then she will become Luyu.

He said, on the way back, I told her that I think JaneChang’s words are reasonable

and should be avoided as much as possible.

Interviews with calligraphers, entrepreneurs, writers...

I said, don't sing hymns.

He said that it’s impossible for people who stay in the system for a long time not

to sing. It’s just such a creative mode, the path depends on you, and you have

never been to work.

, You have tried it, it is definitely not the way it is written today.

I asked, who is in charge of ETFs now?

He said, your sister-in-law.

I asked, she understands?

He said, she knows a dick.

I said, that's a dick who understands you.

He said, I wrote the execution plan, she strictly implemented it, and her execution

ability is first-class.

I asked, how is the record?

He said that in the past five years, not a year has been a loss.

I said, I think my sister-in-law walks the dog very professionally.

He said that I kissed a dog more than me. The last dog was raised for 12 years, and

then he died of euthanasia. My mother-in-law died and she did not cry so sad.

Raised this.

I said, seeking truth from facts, you objectively evaluate, do you think I have

talent for stock trading?

He said, you can’t talk about talent, your income, your focus, your personality,

and the overall factors. They are very Buddhist and don’t pay attention to the rise

and fall.

, So you can execute it in an orderly manner. Your sister-in-law is a hard-core fan

of yours and often excerpts. She said, JaneChang’s fixed vote

, In another ten years, absolutely incredible, you did not calculate, ten years

later, how much principal investment?

I said, about 3.93 million US dollars.

He said that doubling is 7.86 million U.S. dollars.

I said that doubling in ten years is more conservative. I comfort myself so much.

Although it is quite boring now, it is equivalent to

Every year, God sends me 393,000 US dollars.

He said, if you do this, you can hold it.

I said that 80% of the time is spent on boil, and 20% of the time is spent on

rising.

He said, I admire Buffett very much. When it grows to 50 years, no one in the world

can compare his average rate of return. He is truly

Our long-term strategy is too short-sighted.

I said, the greater the person, the longer-term view, for example, one country, two

systems, the same for 50 years.

He said that now everyone scolds Buffett because there are too many followers of

Bitcoin. Just like you said, it has become a religion.

Fett is short on Bitcoin, let’s put it this way, China is a country with foreign

exchange control, and Bitcoin is equivalent to an ant colony. If you want to keep

the embankment of a thousand miles away

, Then there will definitely be antholes. Two points. First, all mining machines in

China will be gradually banned, and the Internet will not be allowed to intervene.

Allow power access. Second, all transfers in and out of related bank cards related

to virtual currency trading platforms will be blocked.

I said, what Niu Ge said is that you must follow the trend when making investments.

What the country does not allow is retrograde. It looks great, rebellious, and

handsome.

What a silly dick!

He said that there is no room for real estate to rise. If the opportunity is right,

the unused houses can be sold and put into the stock market.

I said, you are also a believer, the key is that you still born dryly.

He said, that's why I said there is no chance. At least Shandong has no source of

upward momentum. As for the first-tier cities, we don't comment on it.

I asked, what do you think about stocks?

He said, I wrote a handy sign yesterday and sent it to the group. You may not have

seen it. I will look for you.

It’s this passage: The existence of the stock market is almost to find people’s

weaknesses, people’s dishonesty, pretentiousness, impatience, and

Confusing characteristics. If you do not have a rational and honest attitude towards

life, you will be influenced by the financial market at some point in your

investment career.

destroy. Financial markets are almost designed to cover your weaknesses.

I said, my daughter-in-law has gone crazy again recently, looking for people

everywhere to buy a Shenzhen account.

He asked, still not resolved?

I said, no, I went on a business trip recently and went to test the welding

certificate.

He said, let her go out to college or something.

I said, she was shy, I took her to our alma mater, she was only at the door, afraid.

He said, that more...

I said, I recently asked me to help buy an account, where can I buy it? I offered a

reward of 1 million and no one answered it. Weiwei found one and asked for a price.

200,000, but the minimum requirement listed is a full-time specialist. Now my

daughter-in-law is discussing with me about a fake divorce, saying that it is about

200,000 to find someone

Master's marriage can settle down in the past.

He said, she can be confused about this matter, but you absolutely can't.

I said, I know.

He said, in case you really have a little achievement in the future, it is a great

shame that your own woman will fake marriage with someone in order to settle in

Shenzhen.

Later, when you were a civil servant, you were also unqualified in the political

review. You didn’t plan to live in Shenzhen. She was just for investment and

nothing.

Significance, you are right, you should have reported to Shen Fang Li.

I said, I haven't gone yet, but I was rushed to report.

He said that these people have no bottom line.

I said, XX mentioned Deputy C. When it was publicized, it was reported by someone.

It was almost just right. You said it was a big problem.

? No, it doesn't involve economic issues, or the relationship between men and women,

that is, children's college entrance examination immigration.

He said that it was his colleague who reported it, and I know both of them.

I said that once a woman is brainwashed, it is terrible.

He said, I'm telling you that there is a problem with your approach, and you should

try hard to get her to die. The loss is a mess, and people are collecting debts

everywhere.

It's honest the first time, every time you block it, this is not appropriate,

otherwise? When you are gone, she and your son are gone, and you can get a penny

No, it's all other people's. There was a construction company in XX town. The owner

’s surname was Huang. Your brother should have the impression that he died for five

or six years.

, Their family is relatively strong. It has not been three years since Boss Huang

died, making the old lady a mess. It was not a deliberate defeat.

It is all kinds of investments.

I asked, are there no children?

He said that his son works in Shanghai, and he is very Buddhist.

I said, let me find a place to study, and if this goes on, sooner or later, my

family will be defeated.

He said that Shandong people are different from people in first-tier cities. They

are still conservative, or even bounded conservative, but they have no principled

errors.

People who don’t usually get divorced. If a man is a little bit stubborn, he will

definitely be welded to death in theory. You can count the local companies that have

done well

, Is there a divorced one? There are not many in Shandong. Being right does not mean

that the relationship is good, but it must be retained, because this is also a male

The image of a person, so don’t mess around. Brother Niu and I also talked about

this topic last time, that is, the principled issue must be stuck, don’t

It doesn’t matter how people encourage you or how to encourage her. You have to

keep your traditional and pedantic principles. After all, she is your baby’s

mother.

mom.

I said, I understand, the leaders instilled similar views to me every day, saying

that some people had good official careers, and once they got divorced, they voted

down.

He said, I believe you are smart enough to solve these problems.

I said, she just has no focus, so she always stares at the liar.

He said, remember that family finance must be managed by the wisest person, whether

it is buying a house or buying stocks. There is no market.

The market says that it is a steady profit, but can you make a profit if you buy a

house in Shenzhen? Is the global hot money stupid? Why not swarm them?

I said, I can’t convince her. My sister-in-law at least listens to you. She doesn’

t listen to me. The more uneducated, the more stubborn and self-confident, every

day.

To give me the importance of popular science debt, we must borrow future money to

invest in current assets.

He said, I also wrote a note and shared it with you.

The content is as follows: You must not borrow money for investment issues, and you

must not use short money for long periods of time.

I said that compared with the stock market, people still recognize real estate more.

He said that it is right, because real estate will not at least make the people lose

money, but if they enter the stock market, 90% of people will lose their pants.

Yes, because the stock market is used to capture the weaknesses of human nature. As

long as you have weaknesses, you can kill you, not that we have no weaknesses, we

There are also, but in the process of daily competition, we continue to make up for

it, and there are fewer and fewer loopholes in this area. If it is wise enough,

Should enter the stock market, this is the real capital market. If you live a stable

life, you should enter the real estate market. In the long term, you should own the

real estate market.

There must be a cost to produce. The reason why the speculation is so hot now is

because the cost of holding is basically close to zero.

I said, it's all the Lord of the Rings.

He said, you are lucky, making money is nothing, talent is the real gift from

heaven, so cherish your talents, just

Just like the last time Teacher Hu said about you, if a genius boy always wants to

make money, he has actually ruined his talent.

I said, so I need to write some works while I still have enough energy.

At noon, the two of us went to the Internet celebrity restaurant. We didn’t order

food, we only had a set meal. The core was Buddha jumping over the wall. I

interviewed the boss before and asked him

How is the customer feedback?

He said that the feedback was good, but he felt that the price might be slightly

more expensive.

This, I think it’s nothing. Expensive is the customer’s problem, not the boss’s

problem. As long as the food is delicious and the environment is good, I think

expensive is right, you

Looking for cheap ones, there are everywhere in the market. Why should you come

here?

For high-end restaurants, I personally understand this.

First, the overall environment must be good.

What does the big environment include? The area where the restaurant is located.

The most suitable place to open a luxury restaurant is a large shopping mall, not a

pedestrian street or a snack street. I mean the restaurant category, not the big

shopping mall.

restaurant.

Second, there should be fewer dishes.

The portion should be smaller, and the category should be smaller.

You have everything...

Third, the decibel should be small.

Music, guest voices.

This is a college question. When I go out to eat locally, I usually suggest to lower

the volume. The volume is usually controlled by the waiter.

The waiters listened to the stereo as a stereo, and all we needed was background

music, so they listened just right, we just listened

Too noisy.

Nine out of ten are like this.

What does the guest's voice depend on?

First, the layout of the dining table.

Second, the guest's choice.

Really high-end restaurants are rarely noisy, because the quality of the guests is

also high. If you open a high-end restaurant in a small place, you must abandon the

greasy

Men and women, who are in their 40s and driving a car under US$30,000, must actively

abandon them. If you tolerate them, you will reject high-end customers.

.

In terms of eating, in addition to the local bosses, it is the young people who are

really willing to pay for the food.

Especially young lady.

The dishes are served, one by one, N is too much, the portion is still too big,

neither of us big men can eat it, even if there is a woman there

.

Also, does the family raise pigs?

It's all pork.

When leaving, the boss asked: How?

I said, very good.

After getting in the car, President Song asked me: How does it feel?

I said, the boss said that he is committed to building the most expensive restaurant

in the local area, and I feel worthy of the commitment.

He said that people from rural areas who want to go to cities do not have to wear

lipstick and stockings, wash their clothes and brush their teeth.

Very good, matching is the biggest learning.

I said, so I always think that our restaurant is really good, and we just cook

home-cooked dishes. Do you think the dishes, tables, and chairs are high-end?

It's not high-end, but it definitely tastes good, don't you say the dishes are

fancy? Not fancy, but delicious, just like my dad in a woolen trench coat

City, just right.

He said that the guests decide the height of the restaurant.

I said, I very much agree.

He said that the most viable restaurants in third- and fourth-tier cities must be

meat-themed. It may not be so tall, but it must be meaty.

Eat, cost-effective, donkey meat, beef, lamb, chicken, duck and goose.

I said, no matter how delicious the restaurant is, it is enough to eat for a month.

He asked, have you eaten enough yourself?

I said, I haven’t been there for almost a month. Don’t talk about me. My brother’

s dogs have eaten enough. My sister-in-law said that the chicken that I packed back

is not good for dogs.

have eaten.

He asked, what happened to his loan?

I said that what the bank said was that it could be approved immediately after

crossing the bridge, but he did not dare to cross the bridge. He felt that my

brother’s case was still

Inconclusive, it is easy to be risky. In the past, bridge funds were used to pit

customers with banks. Later, banks also occasionally killed bridge funds, so

Now the bridge funds are also afraid of the bank’s routines themselves. The credit

officer said it’s okay. You can put it on the table. He dare not. The credit

officer knows my brother.

The case has been qualitative, the problem is not big, but the people who crossed

the bridge don’t know, anyway, my brother ordered me back this year, and then we

went to Weihai

A woman over there helped to pad it. That name can scare you to death. His hometown

is Heze. Let’s say we need a police car to drive.

Tao...

He said, I know that these people are big scammers, who specialize in making large

loans and receive a direct commission.

I say yes.

He said, it’s all about people in Beijing, they usually come, so I’ll give you

some prestige first, such as calling out the top leader so that you can see her.

It's awesome, and it's going to scream, lose your temper, and a group of people

can't hold back.

I said, really.

He said that they are all scripts. There are scammers in every circle, but no circle

has more scammers than the financial circle, because everyone is

Liar, it depends on who can eat.

I said that at the time she wanted us to transfer loans to Weihai Bank. The interest

was very low and the amount was doubled, but she had to take a commission of 10

points.

It is to directly seal the loan here and stop the loan. My brother thinks that 10

points is too exaggerated. In addition, he thinks that crossing the land is too

dangerous and easy to be hacked.

After being black, I refused and only did the bridge business.

He asked, is the charge high?

I said, not high, she may firmly believe that we will find her a loan, but she did

open my eyes to see a different world, I

I know she is a liar, but I don't know how she lied to those big people, really

listen to her.

He said, just as Brother Niu told you, you haven't seen the chapter of your

neighborhood committee, have you? The bank has never seen it either.

I said, my brother listened to me, don’t mix with small property rights

development, it’s a big one. He basically filled it in all these years, because the

shed

The redevelopment of the residential area itself is a big pit. It is entirely a

policy dividend. If you say stop and stop, I also invested 2 million yuan with

sister X. Now the project

It's stagnated, but I can't lose my money.

He said that investment must be formal.

I said, my brother, like my daughter-in-law, suffered an illiterate loss, and his

family is even more exotic. My sister-in-law is an accountant, in charge of money,

and in charge of the company.

Money, take care of my brother’s money. My sister-in-law may not finish the first

year of junior high school. If my brother is in accordance with my sister-in-law’s

thinking, 8 million can’t be beaten.

Live, let’s go through regular channels, confess our guilt, go to talk, and we’ll

get one million, just check in regularly. Look at Wang Lin.

Afterwards, his daughter-in-law asked the police to accompany the police to sleep,

asking for money. This was a woman’s brain. I told my sister-in-law that this

If you believe me, don't worry about it. Can I not worry about my brother? Those

people are all lying to you, no matter what role they are

Sex, what kind of position, there is no truth, just for your money and for your

people.

He said that his hair is long and his knowledge is short.

I said, therefore, my dad is very wise. My dad said that he doesn’t care about

everything in the family and leave it to me, because I read the most, my dad

I also said that he has many ideas that conflict with me, but I prevail.

He asked, in which month will it be liberated?

I said, mid-June.

He said, it was not a few days.

I said, I have accepted it now. Some time ago, our brothers drank a drink. I told

him that in today’s era, anyone,

Unless you are the absolute leader, no one will decide to help you solve practical

problems, especially the negative ones. If you say promote, then

There is a probability, because the whole body is affected now, the coverage is too

wide, and it is a lifetime responsibility system, no one wants to take it

The job is to change your 5,000 US dollars, 6,000 US dollars, so the starting point

for doing anything, you must first understand what the rules are, and you meet the

rules.

Under the premise of the rule, for example, three to eight years, then can it be

three or eight? For example, it can be lighter, can it be lighter or heavier?

? This is okay. As for it to be erased for you? Your starting point is wrong.

He said, it's already very good.

I said, his life is also very good, the Xicheng construction site died, this

construction site has nothing to do with us, we are the foundation, it is the third

phase, dead

This is the second phase. It is used to keep warm materials. If it falls, the family

members will make trouble. Then the young lawyer suggested that the subordinates

should be stabilized.

The application for bail pending trial is the only special case. It is not our

special case, but there are indeed regulations in this area.

It can only be encountered, not planned, it is purely God’s will, and then we are

here to go through the procedures, all of them are formal, and then we submit it

again, this

Just get my brother out, otherwise? It is almost impossible to come out. Why are

many miners caught and released? It happened during custody

Mine disaster.

He said that you can write in a few years.

I said, this is what made me determined to manage a real estate project on my own,

because dealing with people is so fun, it’s all words.

Actor, you have to listen to unspoken words, you think I will manage a real estate

project by myself, cover 400 chapters, how many interesting things should happen.

He asked, have you collected everything you sent out?

I said, I’m looking for all women, because women will tell me the truth, men tell

me all lies, because women are thinking about talking to me.

My feelings, men are thinking about business, and then they all returned. During

this period, I was very anxious. I went to Niu and asked some people if I could do

it.

What should I do? Brother Niu asked me, the person you particularly hate took 50,000

yuan to come to you, are you more disgusting with him or? I understand in seconds,

So I don’t listen to what anyone says anymore. I give it all. Anyone, as long as it

’s alive and normal, when someone gives him a gift.

, Will change the attitude towards the giver, even if he does not want it, it will

also change.

He said, don't send yourself in.

I said, I have a count.

He said, your brother has been honest since then.

I said, no, it’s even more powerful. Several departments have changed their

positions. He invited him for a while and said that a few people went to Qingdao to

take a bath that day.

On the way here, he bowed his head in the service area and bowed his head to the

brother. He just drank too much, because he knew what was going on.

And he is more unscrupulous and understands the rules of the game better.

He said that if you are a fully formal real estate company, you will enter at any

time. This is a matter of probability.

I said, my brother now understands this sentence, which is just three words, and put

it on.

He said, it is better to do nothing and only speculate in stocks.

I said, the teacher who took me to make a decision, she said so, what kind of

career? The best companies have gone public, what houses will they build? yield

Someone can just cover it for us!

He said, when you are engaged in development, I will be a consultant for you.

I said, it is convenient to catch together.

He said that, in fact, it is fully compliant and does not cost much at all. It is

just that compliance requires ultra-high tax planning, and it needs to be regulated

from a strategic point of view.

Planning instead of planning from a tactical perspective.

I said, now I just think about it. When I start to do it, I will record the daily

progress in a diary, which is called "My local production".

The Boss’ Day.

He said that live-streamed literature.

I said yes.

It reminds me that a few years ago, I signed a book of Mao Dun Literature Award. It

was an official novel. The author had served as a vice governor, and it happened

that a big BOSS arrived.

I read the book in the bookstore and saw this book. He said he knew the author.

I asked, how deep is the writing?

He said, ice cream on the iceberg.

Even the tip of the iceberg is not counted as a real thing, it is impossible to

write it.

Real estate is a good entry point, power, money, and color.

Ha, I don’t know if there are any beauties who took the initiative to give in after

my local production boss? !


“Thank you for your hard work this month” — KOK Shopping Mall Event

“Thank you for your hard work this month” — KOK Shopping Mall Event

https://kokfoundation01.medium.com/thank-you-for-your-hard-work-this-month-kok-shopping-mall-event-48dcc25e14ab

#KOK #KOK_Play #KOK_Token #KOK_Coin #ZBG #Bithumb_Global #Blockchain #ERC20 #Bitcoin #Cryptocurrency #Digital_contents_platform #decentralization


Catching Media Trends

I’ve mentioned this a few times recently but it’s a good thread topic. I was asked where a good source for market news is and my response was Twitter (FinTwit) The speed in which one can be informed before traditional outlasts is amazing. Without fail, I would read a relevant piece of information or see a breaking story and it was always 2 days or more later that the story showed up in the news feeds.

This two day period is my focal point. In this time I believe the orchestrators of media outlets are crafting news to fit certain criteria they are requested to adhere to. This will always vary based on desire, market sentiment, and later, regulation.

Take our most recent “pricepocolypse” ; it was nothing short of surgical the way story’s seemed to appear and fit directly where a blow must land for effect. The domino cliche applies as typically whatever Catalyst was responsible for a price drop precipitates the next and so on.

A few things to remember; media outlets (I’d argue in general but let’s keep it to the digital market) don’t actually care about facts; that is to say they speculate and guess as does anyone reporting on potential future events. What they DO care about is narrative; “how does this price move fit into the picture we’ve been painting?” This is natural and acceptable until the narrative becomes inorganic (manipulated or forced).

Ways to pick up on trends vary from person to person and some are better than others. I think simplicity is important so well start with repetition. If you start to see multiple outlets using similar phrases or repeating information it’s worth researching the repeated info separately; don’t just take the article word for it. Especially if the information is question is a prediction.

How about quotations? This is probably the biggest generator of crafted narratives. People who’ve built their lives of fiat always have a lot to say about markets and because their “towers” are so tall and built with “success” people tend to want to be told by them “what’s over the horizon?” This sets the stage for manipulation and one only need to look at the likes of JP Morgan and Goldman (ball)Sachs who’s management LOVES to give the media something to mass produce. Especially after the blunder at the beginning of the year; the price of bitcoin was starting to move up and one fiat genius revealed his firm’s intent to bitcoin. He then gave a reasonable guess at a price of 400k or so (eoy). This drove demand before they had even made their entry. Watching the price of their coming investment sky rocket they opened the playbook and ran the ol’ reverse FUD. And it worked. After this I’ve seen it every month. “Long term potential still high but massive drop on the sort horizon” and with the fear spreading and their coins safe and secure they begin to buy up all the scared, surrendered coin.

This isn’t conspiracy or mental gymnastics. One of the repeated themes this run is the vast amount of dip buying by the very players that make exacerbating statements.

This isn’t new AT ALL. But, this IS also the first rodeo for a lot of retail investors; the EXACT demographic that a fear shakeout has an effect on.

Let’s hash this out and dissect the info: come at me! Please remember the difference between learning and arguing is civility.


Froth and Bubble. May NW update +$610,855

Life is mostly froth and bubble,
Two things stand like stone.
Kindness in another's trouble,
Courage in your own.

- Adam Lindsay Gordon

This is my 3rd update.
First is here – second is here.

Warning that this will be a long one. If you don’t like reading about crypto then here’s your fair warning to leave.

Some major changes in May – I was planning to cash out some ether from July but did mention last time that “If things get extra frothy..” I would sell. Well I’m sure many people try to avoid hearing about cryptocurrency but you would have had to try extra hard this month. Despite the large falls in prices this wasn’t the catalyst for my decision – as it turns out the price correction and my sell decision just happened to bump into each other.

Why did I sell? I think the main reason I was holding was the tax benefits of selling next year, especially the medicare levy surcharge – but at 1.5% this started to seem insignificant given the % changes happening on a daily/hourly/15min interval. Bitcoin had definitely lost some steam and from previous experience I felt a pullback was coming for ether.

My wife and I had a discussion about when/why to cash out – last time I cashed out (2017) it was because the cashed out amount meant we could buy a house that fit our forever home requirements while still having some ether remaining. Because it was for a goal and the goal was achieved, even though it would have meant more money selling later it didn’t really matter psychologically. The goal this time was enough to both retire living a ‘normal’ lifestyle. Normal to us (we think) is about 70k/year. This amount means we’re not splashing cash willy-nilly, buying the top range everything, new car every 5 years, dinner out every night, cleaner, holiday home, all the gadgets – but enough that we can live fulfilling lives without worrying about every expenditure.

So we decided once ether hit the point where after-tax we would have enough money invested to meet this requirement, while still holding some ether if the price continued to appreciate, and enough cash to cover upcoming large expenses, we would meet our goal and should sell.

This goal amount was 2M (1.8M in equities, 200k cash) which meant ether would need to be about $3900/eth (USD – equal to about $5000/ethAUD). I also wanted to wait until my previous purchase had been at least a year.

So on the 12th May these conditions were met and I was ready to sell, I was busy that day and didn’t want to rush the process so I decided I’d sell the next day – I had an appointment in the morning but would be home by about 9am and had cleared my schedule. The 13th became easily one of the top 5 stressful days of my life. (skip to the next ---- part if you don't want to read about this)

----

I get home around 9am and the price is $4200USD/eth. It’s not at its all-time high ($4379 on binance, $4362 on CMC) which was only the day before but comfortably above the goal of $3900. Now I need to do a number of things to cash out – at this point my ether is locked in a CDP – a kind of smart contract where I used the ether to get a loan in DAI (a stablecoin) and used the DAI to buy more ether (technically wETH or wrapped ether). Unwinding this would take a little while and I needed to use my hardware wallet to do it. I usually use my hardware wallet in conjunction with metamask (a browser extension) – any transaction I have to physically approve on the hardware wallet so it’s quite safe. At times there can be slight issues when interacting with smart contracts but usually it’s fine. I start the process and within 15min the price has dropped over $140/eth (so for the amount I want to cash out this is about 75kAUD) I can’t connect to the smart contract and another 15 mins passes – down another 130k WTF?! It’s now below the goal cash out amount and rapidly falling – the day before I had spoken with BTCMarkets about arranging an OTC trade so I could sell a large amount at once (there would be some liquidity/slippage issues trying to sell 1.5-2M + their usual cash out amount is 50k/day and I didn’t want to be transferring funds out every day for over a month).

Around 10AM it had fallen below $3500/eth – so about $750/eth in an hour or nearly 400k less for me than when I opened my laptop. The thought did cross my mind that I was just a puppet in some cosmic absurdity; I was in an almost dreamlike state where the closer I got to my goal the more pushback the dream reality threw at me. I didn’t want to sell below my goal, but then again only a couple of months ago my goal had been a price above $2688AUD so the thought that by the end of the day this could also fail and the uncertainty of what was causing such rapid price changes (even for crypto this was eventful) I still wanted to cash out when I could. I just wanted it done.

I was finally able to access and close my CDP - transferred my ether to my BTC Markets wallet, contacted their OTC team (via email - they have no support number) and told them I was ready to trade ASAP (they told me the day prior they would provide a quote when ready which would be valid for 2 minutes or so). Something about the speed at which I wanted this done and the amount it was for obviously spooked them because suddenly they wanted more information. Can you provide another photo of your ID back and front … then Can you provide us more information about the source of these funds?

As you can imagine the delay was killing me – 1 hour in my world could cost me another $400,000 – or in FIRE terms $16,000 a year forever. It would be another FOUR HOURS before it was sorted. I couldn’t eat, every minute felt like 10, the OTC market was only open until 4pm so after a couple of hours I thought fuck it - better transfer to a different exchange and sell there instead – but their limits to transfer out for crypto was like 100k/day so I was fucked. At 15:53 the email came through that my account was fine and I could trade – here was the number of my personal contact who I could call between 8am-4pm .. I didn’t even finish reading the email I was dialling the number. Miraculously by this point it had gone back up to about $4000USD/eth – so in some ways I was lucky it wasn’t sorted sooner, or hadn’t been processed straight away. The guy introduces himself and talks a bit about the process – I’m not really listening as I’m watching the charts in real-time literally calculating the change every 5 seconds – from what I had researched in Australia the spread for an OTC transfer at that amount was between 0.5-2.5%. The guy was like so if you want I can send you a quote now or we can wait until 9am tomorrow – I can’t even imagine the awful, sleepless night I would have had if I decided to wait. It’s one thing to hold, I’ve been holding these coins for 5 years and prices swing all the time, but it’s another thing entirely when you have decided you want to sell and the price is moving and there are external forces preventing you from selling. So they sent me a quote via email that was valid for 2 mins - the price at the time in AUD was about $5200 and they said they could do it for $5100/eth so I said LOCK IT IN EDDIE! (actually I said - “Hi Marc I'm happy with that price $5100/eth”)

Phew!

For reference I was selling 300eth so it was a $1,530,000 trade. I won’t get into it but the other 106weth I wanted to sell it was actually easier/more cost efficient to sell it for DAI so at the same time I sent my ether to BTCM I had converted the weth to DAI and had it sitting in my Coinjar account. As DAI is a stablecoin it doesn’t fluctuate so I locked in my capital gains basically at the point I swapped it which was something like $3786USD/eth then over the next week or so sold the DAI for AUD and transferred it 100k at a time to my bank account. All in all I started with 506eth and a 20,000DAI debt and got $2,046,916 in my bank account and have (about) 100eth remaining – along the way were some fees and transfer costs – this day was particularly high to trade and I used extra gas to speed up the transfers and make sure they’d go through. Turns out the event that triggered the price fall at exactly the time I was trying to sell was Elon Musk’s tweet about Tesla no longer accepting Bitcoin.

Now I’m not sure how to feel about BTC Markets. I’m probably only fine with it all now because in the end the trade came through at an okay time for me – had it been the next morning at 9am the price would have been a lot worse. I should also point out I used them to cash out over 1M in 2017 and my bank account details hadn’t changed, my personal address had, but even the wallet address was the same, so I should be seen as a pretty low risk customer. That said it took like 2 months for my wife to get her super paid into our SMSF so getting it sorted on the same day is probably relatively normal – I’m sure it was also an unusually busy day for them. The funds were available to transfer out into my bank account the next day too – the whole amount at once- so there was no faffing about there.

----

Now that we’ve reached our goal we are both going to retire. I’m already on leave and I’m going to use up my LSL before quitting (should last until November I’m not entirely sure right now). My wife has already given notice. Ideally she’d work a couple of extra months into the next financial year for the tax benefits but knowing she doesn’t have to work she’s mentally checked out so I don’t blame her. She's also more likely to be able to return to work if circumstances force it as she's generally more skilled, capable and personable than I am. I’m expecting the tax to be about 500k – I’m going to sell all my shares that are at a loss before the end of the year so exact tax isn’t certain yet – I figure the loss is best used now rather than in the future, plus it will give me the opportunity to start my retirement with a simpler longer-term portfolio. I have thought about having this in a trust setup but running the numbers I’m not convinced the extra administration is worth it.

As I enter my May details into my spreadsheet the ether price is $2378 ($3104 AUD) so in this limited sense I timed it well but by July I may be wishing I waited – but I met my goal so for me the time was right to sell.

In non-crypto updates my shares decreased by $26,643, Super is up $6,163, and PPoR is up $28,000. Total NW is $4,522,932 but again this is before tax and the big house stuff coming up soon.

I didn’t expect my FIRE journey to reach this point so soon and so suddenly – there’s certainly some jubilation but also much apprehension, like any new life stage I suppose.

Step by step

up a summer mountain -

suddenly: the sea. - Issa


A deep delve into Overline, an ultra lowcap 'DeFi' coin, and its potential to become the moonshot cryptocurrency of 2021. I felt like this when Eth was $7.

The case for truly decentralized Defi

Bitcoin was created as hard, censorship resistant, digital money that you cannot debase, confiscate or control. Decentralization is the key feature that conveys these properties to Bitcoin, without it Bitcoin would be much easier to control. Bitcoin was a one time freak out experiment that succeeded. Even though a lot of others tried to emulate or fix it, to this day no other crypto has outperformed bitcoin consistently in the long run. Bitcoin tackled a fundamental problem, went straight for the heart, and solved it without leaving any loose ends.  

One issue has plagued bitcoiners ever since though, that of custodianship. As bitcoin gained traction, and demand for trading soared, the only way to trade bitcoin was through 3rd parties that matched buyers and sellers. These 3rd parties were custodians. So while bitcoin removed trust from currency, because of bitcoin's censorship resistance and unconfiscatable nature, trust became a big factor when trading it. In other words, we have had hard peer to peer money but no protocol to allow peer to peer trade.

A solution for peer to peer trade has been desperately missing. A lot of nefarious actors have been taking advantage of this loophole. For example ecommerce as we know it cannot work through bitcoin because sellers are incentivized to take the money and run without ever delivering any goods or services. Others have tried to fill this need in traditional ways, such as by building reputable businesses that one can trust. Relying on custodians however distorts market dynamics, even when the custodian doesn't take our money and run, they have access to a lot of our information. Custodianship leads to centralized hubs that see the market at bird's eye view because of the high amount of information they process from all the market participants that use them. This huge amount of data pertaining the financial decisions of smaller market participants can be used by these custodians or sold to major players that then use it to profit by exploiting this excessive asymmetry of information. We saw this with Robinhood earlier this year, and we see it in crypto exchanges all the time.

Market Misallocation in Defi Today

DeFi is that branch of fintech that aims to solve this by bringing to the masses protocols that tap on the demand for peer to peer trade. Today DeFi protocols rely on the so called validators. Validators are centralized hubs whose duty is to verify information of all sorts to then release or freeze funds. For example, Alice bets with Bob that tomorrow it will rain in Washington DC. To allow Bob and Alice to place the bet trustlessly, DeFis today ask Alice and Bob to send the money to a validator. The validator is supposed to monitor the outcome of the event in question, if it rains then the validator sends both Alice's and Bob's money to Alice, because Alice won the bet. If it doesn't rain then it sends the money to Bob. What if the validator cheats? To become a validator one must stake collateral, which means the collateral is frozen for a period of time that varies from a few weeks to several months. All defis today tackle this problem more or less in the same way, if it rains but the validator scams Alice and sends her money to Bob then the validator's collateral is confiscated. However, if the amount at stake is much higher than the collateral or if the value of the collateral suddenly drops a lot in a short period of time (because the price of the currency drops), then validators have no incentive to conduct their function and could turn into nefarious players, just like a bank, exchange or any other mediator in traditional finance could if they get hacked or take excessive risks. In other words validators are custodians, one needs to trust a validator. 99.9% of defis today use validators, and sell them as trustless.

Since Satoshi gifted us trustless money, a solution for trustless trading has been sorely missing. In the current crypto bull market, all the protocols that try to solve this have resorted to this validator model. However validators are custodians and trust is required when picking a validator. In fact you will find a lot of reputable validator lists online for any defi coin out there, which contradicts the very notion of defi. The multi billion dollar DeFi sector today consists only of protocols that are simply taking advantage of impulsive and uninformed market participants.

Overline Protocol

Even though some might see current DeFi protocols as grifters, we've to acknowledge them at least one merit. For one they have increased awareness for the need for trustless trading, and secondly have shown how much money a working defi protocol could be worth today. The current DeFi market cap is $87.1bn, just from protocols that use validators. A protocol capable of delivering peer to peer trade would be worth much more. Does such protocol exist? Yes, it exists, it is called Overline. Overline replaces validators with a network of miners, this means that we don't have to look for reputable validators anymore. All we have to do is use a specific blockchain, the Overline blockchain, whose miners are rewarded for monitoring other blockchains. On Overline miners have to prove cryptographically that they are monitoring the most recent states of these blockchains. Cryptographically means that if numbers don't add up then the transaction doesn't go through. Nobody, like a validator, can act as if something that didn't happen happened.

To get a feel of what trustless means, let's see how a trade happens on Overline:

  1. Alice wants to buy $500 worth of ETH with BTC. So she publishes an order on Overline's Interchange. When she does this she specifies price, how long she wants her trade to stay in the books, her OL collateral address, and settlement window. OL is Overline's native token, to be able to transact on Overline you need to have OL to put up as collateral. Once Alice posts the trade, the Overline chain automatically locks her OL collateral. This means that as long as her trade stays in the books she cannot spend her OL.
  2. Now that Alice's trade is included in the Interchange books, Alice has to wait for a taker. Let's call him Bob. So Bob is browsing the Interchange books and decides to take Alice's trade specifying his own sending (ETH) and receiving address (BTC). From the moment Bob takes the order, Overline automatically locks his collateral OL (equal to $500).
  3. Once the order is taken Overline miners watch for transactions of a particular size to arrive on the relevant addresses on each side. Then depending on what events they have observed at the end of the settlement window the collateralized OL will either be moved to an unlockable state, or be transferred to the ownership of a counterparty. If Bob tries to scam Alice and does not deliver the ETH in the address specified by Alice, then his $500 worth of collateral is sent to Alice. In the end Alice doesn't lose any money either way.

This is DeFi. Alice didn't have to trust anyone, she posts a trade, waits for it to be taken, and walks away with her ETH. She doesn't have to trust a validator, because miners have to prove cryptographically through proof of distance that they are watching the most recent blocks of ETH and BTC before mining the next OL block. If a miner tries to cheat then other miners will reject his OL block as invalid and the block of another miner that sends the correct proof of distance will be accepted. It doesn't matter who the miner is, the network will not update its state unless a miner can show suitable proof of work. In all this, Alice doesn't have to show her ID to anyone like Binance, Coinbase Pro, or Robinhood. She doesn't even have to share any info about herself with Bob, and she doesn't even care who Bob is. Last but not least, nobody can stop Alice from posting a trade. She needs an internet connection to do it, but even if she doesn't have an internet connection she can still post a trade through radio waves. Overline is the only blockchain out there where you can send and receive money offline. Why? It is so by design because the internet can be censored, servers can be tracked, miners can be shut down. Like the Chinese shutdown of Bitcoin is showing. This protocol is even more unstoppable than Bitcoin.

Why Emb is the play

There are many ways to take advantage of a market inefficiency. One way could be to short DeFi now, that's one way to play it. For those long/holding defi coins it could be good to take profit. Yet I believe that carefully retreating in Emblems, the utility coin of Overline, is the smartest move at this time. I will explain why below:

Tokenomics

The entire Overline network has only 2 tokens, OL (the native token) and Emblems (ERC-20 token). The maximum supply of OL is 9.8bn, with only 0.44% of it having been mined so far. The maximum supply of Emblems is 300 million, but 100 million are in circulation right now. 200m are locked (100m by BSI and 100m by the team).

The prime function of Emblems is that of boosting the block reward of miners and also that of increasing a block's tx capacity. For Emblems to boost the block reward a miner needs to be owning at least 6500 Emblems. Without Emblems the block reward is 2 OL. On emb.overline.network you can find a calculator that will show how the amount of Emblems in your mining address will boost your block reward. For example, 13000 Emblems will boost block reward to 9 OL/block. 26k EMB will boost it to 15 OL per block. 52k EMB will boost block reward to 25 OL per block. Notice how stacking Emblems in the same miner address is less convenient than spreading them among different miners. An implication here is that the emission rate of OL will increase much faster as mining gets more decentralized. A more decentralized mining means that real adoption is happening since more and more independent miners are getting involved. Another implication is that excessive centralization will get less and less cost effective with time.

So it should be clear now why by looking at tokenomics Emblems are primed to the prime beneficiaries if Overline succeeds as a protocol, and they will likely outperform OL. As demand for OL increases, demand for Emblems should increased even faster as miners compete to accumulate as much of it as possible.

Overline adoption drivers and EMB price catalysts

Good tech and good tokenomics are not enough for a token/tech to perform and get adopted. Figuring out the real potential of Overline in this sense is the most difficult part, because despite the fact that there has been a lot of development, there has been very little communication with the public. In crypto normally we see the opposite, very little development, and a lot of materials explaining the ins and outs of the tech.

This may seem like a weakness, but if you think carefully then it becomes clear this actually a big strength. The reason why crypto projects normally make a lot of noise before even starting to develop is that they need funding, money from the public. In fact even a lot of DeFi tokens today exist only as narratives, and aside from the inferior tech, I can't find even a single one that is even remotely as advanced as Overline in development.

The explanation for this is that Overline's funding doesn't come from the public or from retail investors, it comes from bigger funds and it must have been secured in these years. Here are some cues about where their funding could be coming from, and what type of players are involved with it:

  1. In the Forbes acquisition talks news last month, it came out that The Borderless Services [$700m] bid has a debt financing commitment from private equity firm Ares Management Corp. Borderless Services (BSI), as stated on their website, is the lead maintainer of the open source blockchain Overline Network. So BSI is Overline, and it is receiving funding from Ares Capital, a fund with $207bn AUM. As a reminder, BSI's bid was the highest bid on Forbes' desk and talks should be finalized next month.
  2. The Chairman of Overline is Todd Morley, who is cofounder of Guggenheim partners that has $315bn AUM. He is also founder of Y2X, a blockchain centered merchant bank, and Block Collider (former name of Overline was Block Collider) is listed as one of their investments in the about page. Today BSI/Overline has bid for Forbes, Todd Morley seems to have a history with Forbes.
  3. Donald Trump Jr joined Overline Media Partners last winter. Kimberly Guilfoyle is CSO at OMP according to the same article. In Kimberly Guilfoyle's words a new industry is being birthed.
  4. This week it was revealed the Overline-JDS joint venture over the tokenization of its $3.6bn real estate portfolio included the $1.4bn 111 West 57th Street (the tallest residential building in the world). By tokenizing real estate it means that it can be traded anonymously and in a peer to peer fashion directly on Overline via Interchange. This implies that in the future anything will be tradeable on Interchange. We could tokenize our home and post a trade on the Interchange to sell it.
  5. Overline has developed technology like Verified Viewer technology, where a political figure can display a QR code during an event & everyone viewing it can scan the qr code to claim some digital tokens that will prove viewership. These in turn can be used for other things such as polling. This can be a famous political figure, or it can be any content creator. The incentive system will ensure that content creators, reporters, and the viewers themselves have as much or more power than the TV station itself. This implies also a media arm to Overline, although there is very little information on this side of the project if there are any plans to build a social media network or something else like Youtube and so on.

Considering the players involved the most likely explanation for the cryptic communication are NDAs. Todd Morley's appearance on Bloomberg this week however might be a signal that this project is starting to slowly go public and might be consumer ready.

Risks

This is an extremely disruptive technology, that will probably expand well beyond crypto and disrupt communication just as much as financial services. In February the Overline co-founder Patrick McConlogue was on Fox News explaining how the Robinhood debacle proves why defi is desperately needed, or small retail traders will always be front run by bigger players. Considering the disruption this will bring the obvious risk here is a backlash from the establishment. However, Overline also has a lot of establishment/successful figures in it. Todd Morley, Ares Mgmt, Donald Trump Jr. I believe Overline gained traction among big funds during the last years of the Trump presidency, when the limits of centralized media hubs and centralized finance became clear. Censorship of users for their political beliefs on social media and payment platforms like Paypal and Stripe must have made it clear to some people in the establishment that the free flow of information is at risk and this can back fire even on them.

Speculation/Rumours

  1. Late last month a pitch was leaked that valued Trump's brand at $15b. Considering some of the tech that Overline has already made public, its profound censorship resistant nature, the fact that Donald Trump Jr joined OMP, there are rumors that Trump's alternative to the current media and financial establishment will be based on Overline. Trump is scheduled to resume his MAGA rallies in June. Considering the timing of Todd Morley's Bloomberg appearance, I don't think the idea is that far fetched. For now though we have to wait and see.
  2. Today Paolo Ardoino (CTO of Bitfinex) tweeted by the end of 2021, few teams I'm working with, will deliver the first products and infrastructure for a new private, unstoppable and free web and services. It will be about peers being peers and freedom. No strings attached. Considering that USDT is one of the 6 currencies connected to the Interchange there were rumors that he might be referring to Overline as it is the only blockchain out there that can also work offline and it was designed in this way exactly to be unstoppable.
  3. The Overline Team is famous for their cryptic messages. This is done imo because of the NDAs. This week they posted a tweet that also implied 2021 would be an important year 1215 1776 1844 1969 2021

This is the full picture on Overline and Emb. At the time of writing the price of one EMB is 21.6 cents, for a market cap of $20m. Considering the current DeFi market cap, the Overline adoption drivers and the tokenomics of EMB my price target for EMB EOY is $50-$100 which would place it at $10bn market cap.

Disclosure: I have a position in EMB


Bitcoin bulls love Mondays, and given this weekend's events, we're shaping up for a green candle tomorrow. As for the rest of the week—Will the bears or the bulls win?

https://learn.equos.io/news/daily-btc-analysis-133

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