On this weeks episode of The Cryptoverse livestream we'll be doing Q&A, price movements, technical analysis and catching up on all the news.
This gives me an opportunity to empty out my news pool of items that I didn't get time to cover this week.
Links to all the stories covered on this stream are available here:
https://docs.google.com/spreadsheets/d/1x68J356IHL7AVCtWWmyjmJmcdxHSwb4ePNhZsolktR8/edit?usp=sharing
▶️ DTube
▶️ IPFS
Great show; you have a good handle on presentation technology; and... first time I am aware of Blocktivity - a new way of thinking about block chains!
I commented and upvoted on your steemit post about the live stream. In case you are only accepting crypto questions, here is a second question I would like to ask:
I know you like STEEM and EOS. Can you explain how EOS is better than Steem if Steemit Inc is able to implement smt's to Steem successfully?
Or, do SMTs level up steem to the same level as EOS? If not, can you give a layman's explanation of how EOS is better than Steem? To me, $10+ EOS at this point is just too hard to chew!
Thanks!!!
... - @em3
That question requires an answer that is far too long for the comments section.
Yes, it was meant to be one for your livestream. Thanks!!
Hope you may take it up!!
Peace
So...I was expecting this was for today....but since you LiveStreamed earlier... I think your YouTube got setup wrong for another Livestream today(Friday USA), not Feb 2nd like the title actually says.
About 10 of us were in the LiveChat waiting.... But we talked sense that it must be a glitch. So.. Next week then!! 8-D
what's the word on the street? what do you think about the coincheck hack?
I am all for a competition. Hopefully we see the same trend stock brokers followed. Trading fees fell from $25/ trade to $4.95 per trade. If we can get lower fees to enter the market, everyone benefits.
https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/
Thanks very good post !!!!
Awesome Work!
Keep it up!!! @fztbyt
Ha, ha, ha!
Nice post. We wish it will be good for all.
Do you think businesses will move over to EOS from Ether when it's launched. Would it be a easy for them to do so? Thanks!
I think many will and will see it as well worth the effort.
we hope for much news on bitcoin recap and also hope value of steem should keep up on the high side
This is nice, i watch this
I think DTube is going to rock the world. It will be perfect compititive on youtube. What do you think? @marketingmonk
Thanks for the update. I enjoy this new format of the live stream on Friday, (even though I was sleeping during the live feed and listened later.)
From what I understand EOS is much more limited than the Ethereum network? Can you explain a different point of view?
I wouldn't trust Weiss, wreaks of the same old banking crony parasites. You would be better at doing your own ratings! I’d give more credence to those than Weiss. Re the futures, that lovely play thing of the bankers that saw massive shorts placed on American Airlines stock days before 9/11; nothing fishy going on there! Future contracts; Yes, originally these were designed to reduce exposure to commodity price volatility for producers and consumers, but today it’s largely just an outlet of speculation for Traders. Traders that have no interest in taking actual delivery of the commodity in question. Re bitcoin futures, the 'rigging', is based on them being invested in BTC themselves, or colluding with other BTC investors. To be honest no one in the financial world participates in this unless they know that it is rigged, because the risk is too great otherwise. If they short BTC in the futures, then the cash settlement means that they have the right to buy Bitcoin at the lower price at a future date; being cash settled, they are just given the difference in Fiat, no BTC is traded re the contract, which is often the case anyway in futures. (But) from what I gather, the thing is that the movement is (leveraged) for instance they get $5 for every 1$ movement! Now you can see why damaging the value of your own bitcoin is worth it, when you get 5X leverage on the loss. Then if you're a sicko you can use those profits from market rigging to buy up more BTC off of the people who have lost hope because the price has fallen significantly. The more they have and the less the others have, and we're talking big numbers and market share, the less liquid the market is, and the thinner it trades, meaning the whales can buy up, or sell off the order book on multiple exchanges even easier. Typically, by dumping a load of BTC on market order, or a silly low-priced limit order (they do this with gold all the time). The thinner it trades the easier it is to cause a flash crash. Which is great for them, because it takes less BTC to initially jerk the market in one direction, the rest is done by real investors reacting emotionally to the sudden price change (and/or; perhaps a flurry of negative news in the MSM, hmmm). If you're really evil, at the bottom they guess where peoples' stop losses are, such as 5-10% below big evens or long-term chart trend lines and manipulate the market to cause a dipping wick to trigger their stops, and relieve them of their BTC. The hole in my knowledge is where the fiat comes from to pay out the futures investors at the clearing house, maybe someone can help? I'm guessing it's from suckers who get cleaned out 5x betting the wrong way because they don't have the inside knowledge. Or it's the same people, robbing Peter to pay Paul. Which wouldn't matter when you can buy up more BTC on the dip, and repeat. But basically, its Wall Street corruption, and one of the biggest pump and dumps of recent time (not saying they won’t pump it up again). The futures were beginning to be put in place back in May/June (it takes time to set this stuff up) Look at the Bitcoin Chart! What really bothers me is that some outspoken Bitcoin proponents, were instrumental in setting up the Futures by liaising with the banks, under the guise that it legitimises Bitcoin. Really!? Do me a favour! That stinks to high heaven, if they are as intelligent as the appear, then they must have known what this meant.
I was told to check your page out and get some Crypto-knowledge. So my question is, how do a Token without a project backing it up like steem stay so long i.e can steem stay up for like 7,8 years?
What is going on with SearchTrade? I know you recommend them before.
Your post is awesome,thanks for this.
My word! That was an education indeed! Thanks a gazillion for the information about Weiss Ratings! Good to be aware that their information isn't the holy grail and could be misleading.
The Bitconnect issue was a huge downer for many indeed. I would have loved to leave a tip too but still growing...I most definitely will in d near future.
Cheers!
How btc price could be manipulated by future settlement (CFDs)
Hi Chris,
I like your podcast a lot and am currently listening to this episode. Since you mentioned you didn’t quite get your head around the above mentioned topic yet, here is what I recon:
They buy/bought a btc-future that will settle at or about at the market level of btc at which they buy. They buy when btc is/was at a high price (say 19,000 USD/ settle also 19,000). At the same time the buy a lot of btc at that same price. Then they wait. When the end of the future nears they throw all their btc at the market in order to put pressure on the price. Even better at an opportunity when FUD Drive the price down already. The may loose some money on the btc they bought (but only a little since they still sell at say 15-16,000 USD). By driving the market down, nervous retail investors may/will follow. Stop-orders will follow. The price goes down and down to let’s say 9,200/10,250. If they timed it right, that is when the futures settle - and they get the differnce of the market price to the promised price (9,500 vs 19,000 USD- so they make about 9,800 USD for each CFD). Profit is 9,800. - maybe 3,500 ( which thy lost in selling the btc they bought for flooding the market) = 6,500 USD per CFD ...