Twitter sentiment analysis for Bitcoin price prediction

I built this tool crypto360.io because I was tired of going through all Bitcoin news sites. I listened to feedback and looking to see if people would actually use this daily. (Sentimental analysis, Social trends, Real-time coin tracker, twitter/Reddit feed, Charts,etc.) - Desktop Only

submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Investing News Morning Roundup – July 16, 2020

Investing News Morning Roundup – July 16, 2020
Markets are trading with some risk-off sentiment in the wake of Chinses GDP data showing just 3.2% growth (annualized) in the second quarter. While better than the 6.8% contraction in the prior quarter, it failed to excite. Daily new record virus cases in the US is also weighing on sentiment.
Twitter suffers massive security breach
Twitter (TWTR) suffered the worst security breach in its 14-year existence. Hackers were able to hijack a number of accounts of very prominent people including Barack Obama, Bill Gates, Elon Musk, Jeff Bezos and others. The hackers specifically focused on verified badge accounts in their attempt to trick people into sending them bitcoins. Most concerning, Twitter said it detected a "coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools." Twitter said it is investigating. At the end of the day CEO Jack Dorsey tweeted, "Tough day for us at Twitter. We all feel terrible this happened."
EU anti-trust officials investigating tech companies use of personal data
Anti-trust officials from the EU, fresh off their loss in the Apple tax case, now are opening an investigation into the “Internet of things” system of internet-connected devices. EU Competition Commissioner Margrethe Vestager said the investigation will look at how machines like voice assistants and fitness trackers use personal data collected when those devices are being used. Vestager explained the need for the new investigation, saying “Access to large amounts of user data appears to be the key for success in this sector, so we have to make sure that market players are not using their control over such data to distort competition, or otherwise close off these markets for competitors.” She said officials will request data from over 400 companies with its first report expect in late 2021. Apple’s (AAPL) Siri and Amazon’s (AMZN) Alexa are expected to come under intense scrutiny as part of the investigation, with Vestager commenting that use of these devices may limit the options a user is presented with as compared to the same user entering a store.
Dell confirms it is studying spinoff of VMWare stake
Dell (DELL) confirmed it is studying a range of options to spinoff its 81% stake in VMWare (VMW). Dell said any action would not happen until at least September 2021 for tax reasons and any action would qualify as federal income tax-free. In the event of a spin-off, Dell would first formalize commercial arrangements between the 2 companies that are mutually beneficial. These are research, services and intellectual property arrangements. Dell ultimately is seeking to unlock value for investors. Dell said it may, in the end, do nothing.
American Airlines joins the massive layoff club
American Airlines (AAL) informed 25,000 of its employees that they face the potential of being laid off as demand for air travel remains tepid. The recent surge in Covid-19 infections around the US has dented the return to travel that was starting to be seen. American joins United Airlines (UAL) and Delta Airlines (DAL) in telling employees that once federal aid ends on October 1st, their job is in jeopardy. In a letter to employees, American management said it expects to have 20,000 more employees than it needs later in the year, prompting the letter. American has already lowered its headcount by 5,000 but needs to shed many more employees.
Walmart and Kroger now require masks in all US stores
Walmart (WMT) and Kroger (KR) both are requiring customers in all their US stores to wear face masks while shopping. Both companies said they took the move to protect customers and employees as the virus surge across the US. Between the 2 companies, they operate 8,000 stores in the US. The companies join a list of large US companies instituting the same mask requirements in the absence of national regulations.
submitted by 2112trader to PersonalInvesting [link] [comments]

ARK. Here's what's it's all about, what's been going on, and what's coming. [Explain Like I'm Busy]

Dude, it said explain like I'm busy I'm not going to read all this

No problem. Check out these hand-picked relevant ARK Crypto Podcast episodes. Learn while you listen, drive to work or home, cook a steak, give your dog a bath, etc.
If you have decided to read all this, thanks, keep reading for a concise breakdown!

So what's the current big thing going on with ARK right NOW?

ARK.io has recently announced on both its blog and its Twitter that ARK Core v2.6 is coming to Mainnet February 11th. The iteration of 2.6 may sound anticlimactic, but it's far from that. Core v2.6 is the biggest upgrade to date- even bigger than the total Core overhaul performed for v2.0, deployed late 2018.
The new version brings new transaction types to the ARK Public Network, including types that will play a role in creating an ecosystem of linked chains. This ecosystem of linked chains will have the ARK Public Network in the center of the action, storing chain details and allowing for chain discovery.
These new transaction types include:
Multipayments — sending to multiple ARK addresses, while just initiating one transaction, saves time and cost
Multisignatures — you can now get all of the benefits of multisignatures where more than one user can propose or spend funds depending on the predefined terms (eg. 2 out of 3 users needed to successfully send tokens, vote, …)
IPFS — register IPFS compliant hashes on the ARK blockchain within Desktop Wallet.
Business & Bridgechain registrations — you can now register your business and bridgechain on the blockchain and soon, you will be able to get verified via our Marketplace to get access to some exciting new features.
Delegate resignation — delegates who don’t want to be voted for anymore can now opt-out of this by simply initiating delegate resignation.
Additionally, the Core v2.6 improves security against double-spend attacks by implementing nonces. Also, massive enhancements were made to the GTI or Generic Transaction Interface, a critical tool for developers who wish to develop decentralized applications.

What is ARK's unique approach to current issues plaguing the blockchain industry?

ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. In the current hype-driven blockchain landscape, ARK acts as a beacon for individuals, groups, and enterprises seeking to apply blockchain technology to both reach their individual goals and affect change in their local community. ARK’s uniquely simple technology stack allows almost anyone to create and deploy standalone blockchains for any use case with an intuitive graphical user interface and experience. These newly created blockchains also known as bridgechains will have the ability to interoperate through ARK SmartBridge Technology. ARK is also reinventing smart contracts with ARK Logic, a collection of tools including custom transaction types, templates, and plugins. ARK Logic brings security, adaptability, and scalability to decentralized computing workflows. Most importantly, the ARK Ecosystem fosters a growing international community of developers, node operators, blockchains, businesses, and enthusiasts who collectively breathe life into this disruptive technology. Get into the interactive whitepaper here.

Tell me about the ARK Public Network

Ok, no problem. Since coming online on March 21, 2017, the APN has operated as a P2P cryptocurrency with fast block times of 8 seconds and low dynamic fees (near a penny and somewhat novel for a DPoS blockchain). However, the end goal of the APN far exceeds that of just a cryptocurrency that is faster and cheaper to use than Bitcoin. I'll explain further in a minute.
The network, as mentioned, is set up as Delegated Proof-of-Stake. This means forging delegates are deemed worthy to secure the chain and add blocks to it by the holders of the ARK token, which vote for delegates using their ARK as vote weight. ARK remains in users' control at all times, and the top 51 delegates in vote weight enter forging status. The network awards each delegate 2 ARK per block (~12,705 ARK/mo) for services rendered. This continues ad infinitum resulting in a declining inflation rate each year (relative to total supply). When users add or remove ARK from a voting wallet address, vote weight adjusts automatically and they don't need to vote again. Voting continues even if user's wallet is offline.
The main uses of ARK as the cryptoasset of the ARK Public Network besides being a P2P cryptocurrency include:
If you're interested in more details about APN uses, check this direct link to that section of whitepaper.

Is team good?

Yes, team good. Team very good. General sentiment among ARK team members is that ARK is a dream project to work on, and this motivates them to do great work on a consistent basis as the ARK technology stack progresses. Very recently, ARK hired an additional half dozen people in various departments, including marketing department. This brings ARK team total to over three dozen experts. The ARK business entity is also well funded with around 10 years of budget. The ARK business entity spends funds in a very sensible manner compared to some other projects who spend with insufficient foresight or discretion.
Members of the board are thoughtful and deliberate, and the CEO FX Thoorens has been hard at work putting a spotlight on ARK, showing an 'intermeshing' of ARK with the global regulatory landscape in regards to crypto. Recently, ARK became a founding member of ADAN, a professional association based in France created to help structure and develop the digital assets industry. Other members include Consensys France and Ledger. ADAN will consult with public authorities, industry leaders and private bodies to promote the use of digital assets and all activities in this sector. This includes exchange platforms, brokers, hardware, protocols, decentralized applications and blockchain technology platforms. Hear FX Thoorens talk more about this in this podcast episode.
The ARK business entity is located in France, but the ARK team is distributed across 10+ countries and multiple continents.

What's going to happen?

Cool stuff. Organizations and open source projects have been stumbling across ARK and really like what they see. Multiple projects are working with ARK technology and are at various stages of development, but since you're busy, I'll highlight the project nOS which recently launched their public testnet and uses ARK technology for their blockchain. nOS also has great things to say about ARK that you can hear in this podcast episode or watch in this video.
We believe that as more businesses, organizations, and open source projects start looking around for blockchain solutions, they will also enjoy ARK's simplicity, flexibility, and feature set. Our powerful technology stack is backed up by a recently upgraded documentation hub for developers.
The product we have that makes it very easy for projects to join the ARK Ecosystem is called the ARK Deployer, which you can learn about in this two minute video. It allows developers from all walks of life to create, customize and launch a standalone blockchain in three simple steps. In the near future, what's going to happen is a big improvement to the Deployer. The ARK Deployer will get an upgraded and more powerful user interface that also facilitates chain management post-launch, as well as interface directly with cloud providers like Digital Ocean to launch genesis node and peers in background. This would allow for a massive leap forward in our vision of 'Point. Click. Blockchain.'
ARK.io is also working on a Marketplace for developers, where custom plugins and tools developed by both ARK.io as well as third parties can be acquired for assembling blockchains much easier. Imagine a wordpress-type environment where you can create a super-powerful and customized blockchain by connecting Legos together. In the same way that early World Wide Web needed WordPress/Squarespace style tools to bring the technology to every business or organization, we believe that this need will be out there for blockchain technology as this new decade progresses.
There is more cool stuff that is going to happen, but I'll wrap it up there for now.

After reading all this stuff, what is it you want me to do?

Well, not make any financial decisions, because that is not the purpose of this information. However, as a developer, there's a lot of interesting things you should know and may want to consider doing. The ARK technology stack uses TypeScript and other JS-style frameworks, so if you know those, you should get excited.
Here's some additional less 'developery' stuff you can do:
Thanks for coming along for the ride of this post. ARK has been out here, it's out here, and it's going to continue to be out here, doing its part to make sure everybody knows that blockchains are, in fact, a thing.
submitted by doubled1c3 to ArkEcosystem [link] [comments]

Glaring Downside Risks Make Bitcoin Correction Likely Despite “Buy the Dip” Sentiment (current BTC/USD price is $7,064.34)

Latest Bitcoin News:
Glaring Downside Risks Make Bitcoin Correction Likely Despite “Buy the Dip” Sentiment
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

Streamr Community Survey Results

https://preview.redd.it/yhtbxppp9aj41.png?width=4000&format=png&auto=webp&s=ec05fb5230689ff8364a8bbde0d481bef8a6e83b
Inspired by the Community Fund, Streamr recently conducted a survey to better understand the community and gain insights into the effectiveness of Streamr messaging.
Below is a summary of the most insightful answers and Streamr’s response (qualitative answers have been summarised by theme and incorporated into the charts).

1. When and how did you first learn about Streamr?


https://preview.redd.it/fzqfmica8aj41.png?width=3224&format=png&auto=webp&s=10595dfeb00d322fcfff71c75fa44fd15540eaa3
Exchanges and token searching are the leading ways in which the Streamr community discovered the project. Social media follows in second. This might indicate that those with an interest in token trading comprise the majority of respondents.
Social media use and word of mouth also show their influence, which falls in line with Streamr marketing intelligence.
The prominence of the Bitfinex exchange and ICO suggest that many respondents have been following the project from its early days.

2. What first attracted you to the Streamr project?


https://preview.redd.it/aznxxgld8aj41.png?width=3224&format=png&auto=webp&s=7cae2065a6772becf5b5acd45cf1fd010ff0048b
Many respondents indicated that the Streamr tech stack and goal drew their interest to the project, with a particular emphasis on data monetisation and individual ownership.
This emphasis is not surprising because much of Streamr’s recent messaging has focused on the upcoming Data Unions framework and data monetisation holds the most day-to-day use potential for non-devs.
“The concept of decentralizing and monetising data.” “Giving people back control of their data sounded like a worthy project and the IoT examples sounded like ideal application of blockchain technology.”
The Network, Marketplace, and decentralization of the data economy also came through in the answers.
“It is interesting how Streamr wants to build a decentralized data network based on a blockchain other than Bitcoin. Something scalable that allows connection to IoT devices.” “Decentralized IoT and the idea of a data marketplace where buyers and sellers meet and establish a price for possibly huge amounts of data.”

3. Which tool/development area are you most interested in?


https://preview.redd.it/luygx7cp8aj41.png?width=3224&format=png&auto=webp&s=be4a99995bc2f540edb2cc7ad88aa8ac1305cddc
The popularity of Data Unions, followed closely by the popularity of the Marketplace, reinforce the sentiment that emerged in answers to question two; the Streamr community is captured by the idea of selling their data.
The Network falls slightly behind, despite being arguably the central element of the project. This might be expected due to its highly technical nature and the recent focus on Data Unions.

4. On which channels do you engage with Streamr content or the community?


https://preview.redd.it/5op2fw73aaj41.png?width=3224&format=png&auto=webp&s=293cdcc283f7028f6263a53ccd1b2c84cc208768
No surprises that Telegram, Twitter, and Reddit continue to drive the community engagement. This may highlight that respondents here are primarily of a non-technical background, with only a handful visiting the Community Dev Forum.

5. What do you currently like most about the project?


https://preview.redd.it/fge20bnr8aj41.png?width=3224&format=png&auto=webp&s=d6b40bb450e728b873200653f782b44d6d2dd1c5
The results here were harder to pin down to distinct themes, with Swash taking a narrow lead, followed by Streamr team (thanks!), and enthusiasm for the project’s tech goal of making real-time data more open and tradeable.
“Swash… All the potential DApps that can be built on Streamr… And taking back control of our data.”
The potential of the Streamr stack to act as a platform for others to build on, a platform for existing projects to integrate with, and a tool for a more fluid data economy also came across.
“Swash! Because it is very pragmatic and actually produces the data in decentralized environment. […] At the moment, the most difficult part [in a] data economy is ‘having meta data’ because no one shares. Swash and similar DApps produce this for Streamr.” “The idea of revolutionising the data economy… And the good community.”

6. Apart from the token price, what do you dislike or what would you like to see the project do differently?


https://preview.redd.it/0urbj40w8aj41.png?width=3224&format=png&auto=webp&s=871958c3277bdcb4d073af5b186075d7252a7f73
It’s clear from these results, and other discussion in the community, that three key areas of uncertainty come forward:
  1. Tokenomics/token functionality understanding
“It’s a bit disheartening to see that token economics is talked about probably once or twice a year (when prompted by community members pushing for updates on it).” “Staking the token as part of the network. Its the only reason a lot of people were interested originally. Please don’t push it back further. Streamr should also be prepared to talk about the token — it feels like Streamr always has to be forced to mention it.” “Tokeneconomics. Now you know who I am. 😁”
It’s true that despite various discussions in the community, direct comms on how the token’s utility has progressed since the whitepaper is lacking. This is largely because the token’s function is still developing, and won’t take full form until the later stages of the Network are rolled out.
The token is currently used as a means of payment on the Marketplace and for individuals to earn DATA by contributing to Data Unions. Still to come are functionalities around token stake checking and incentive mechanisms enabling node rewards.
Proposed solution: A blog from Henri and the team on some of these plans as they take shape could address some of the uncertainty. Keep an eye out for an announcement on tokenomics in the coming weeks.
2. Project direction/partnerships info
“A little bit more of a plan to understand future partnerships and developments. Something that should be easy to understand for the Average Joe. I think it will reach more potential investors.” “More internal development communication should be public for Streamr to be a decentralized project, otherwise it’s a company and its followers.” “Improve transparency. I fully understand that ICO investors are not shareholders, but it’s often very hard to get a sense of what you’re working on and with who, and why. Things get announced, but little is known about your mission or business goals.” “Proper financial, personnel and visions report. Quarterly please. This is something that brings certainty to the project, as the community will know how things are going in the grand scheme.”
Giving granular updates on the project’s direction (beyond tech updates) or the status of partnerships, while desirable for the community, is not always possible or profitable for the project. This is due to NDAs, coordination between multiple external parties, shifting priorities, value considerations on timing and announcement strategies — plus many more case-by-case factors.
Proposed solution: Streamr will produce a yearly report outlining the achievements, challenges, goals ahead with a breakdown and comments from each project team, and a high level overview on finances. This would also add value for potential partners and less active followers to get an official insight into the project’s status.
3. Marketing
“Lack of awareness of the project. Recent community products [Data Unions] marketing is good, but it was about 1 to 1.5 years of nothing prior to that.” “There could be more articles just applying Streamr Core to interesting things, interacting with smart contracts etc. I feel we get one integration every 1.5/2 months, but sometimes simpler is better.” “Communicate the vision and the market you’re addressing in a more boastful way.” “More applications for making data something tangible that you show like a footprint to exemplify to no-coiners how much value the average person generates.”
Desire comes through for increased communication from the project, focused on how to apply the Streamr tech and attract a broader audience. The comms team face a continual (and interesting) challenge to strike the right balance between updating followers, attracting devs to build and use Streamr tools, communicating the project’s goals, and generating user awareness for products still in production.
Proposed solution: A comms shift towards adoption and attracting Data Union users outside the current technical and web3 sphere is on the horizon, which will address some of these suggestions.
Further examples of Core in action, perhaps with more accessible canvas templates as starting points, is another possibility in the future.

7. How would you describe Streamr to a stranger?


https://preview.redd.it/3qqpjj6y8aj41.png?width=3224&format=png&auto=webp&s=ce3d9f7157ac403cb5b73f29b2c9352a5bfe9427
It’s great to see so many of you on-message, which is encouraging from a marketing perspective, and it’s also great to understand which elements of the project you put forward independently. As we have also seen in earlier responses, there is a preference for the upcoming Data Unions feature, which was actually added to the Marketplace design after the Streamr project was founded.
Here are a few of our favourite responses:
“An open and permissionless network for the data economy, connecting producers to buyers, not owned by a centralized authority.” “A real-time P2P data network where each participant can control and manage data they produce. Data integrity, authenticity and security is ensured by the blockchain.” “Real-time data layenetwork and marketplace.” “A platform where you can sell and buy data in real time.” “A toolkit for constructing decentralized data streams which buyers and sellers trade in a marketplace.”

8. Where are you located?


https://preview.redd.it/citnndp09aj41.png?width=3224&format=png&auto=webp&s=d586e42d5086df6282f6b4796eb741db235a1127
The most active community members are based in Europe. Other social media analytics show a more balanced follower distribution.

Geographic sample of 5,000 Twitter followers from Followerwonk
9. What’s your professional background (student, developer, designer) and do you have a skill or area of expertise you would like to volunteer to support the project?

https://preview.redd.it/n7ak6wgg9aj41.png?width=3224&format=png&auto=webp&s=ba11d45823de976e0f86da806bbb2875bd9b357a
Developers take the lead by profession, which is understandable because many of the current tools and comms are aimed at those from a technical background. It was nice to see such a broad spectrum of career paths represented, drawn by the goal of a more open real-time data economy.
Thank you to those who offered to contribute their skills. We will be in touch should we require any assistance.
And thank you to all who took the time to complete the survey. Your feedback and support go a long way towards helping Streamr reach its goals.
If you’re not already a part of Streamr’s most popular social channel, what are you waiting for? Please join the community on Telegram to discuss the results, and keep an eye out across all of Streamr’s social media for updates on the proposed solutions and more.
See the original post on Medium
submitted by thamilton5 to streamr [link] [comments]

Bitcoin Jumps Alongside Gold on Fiscal Stimulus Sentiment (current BTC/USD price is $8,837.61)

Latest Bitcoin News:
Bitcoin Jumps Alongside Gold on Fiscal Stimulus Sentiment
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Komodo's 2.0 Infographic Contest: 5,000 KMD Grand Prize!

Komodo's 2.0 Infographic Contest: 5,000 KMD Grand Prize!

https://preview.redd.it/0yq7rwnkjdq11.png?width=1500&format=png&auto=webp&s=950dd49d7e1f7f1e421f7074bd030aec064e6ac7
A total prize pool of 7,000 KMD in our infographic contest
Calling all creatives to take part in our infographic contest and compete for a prize of 7,000 KMD. The winning infographic will explain the architecture of Komodo Platform’s technology. Winners will be those who are able to communicate our architecture and tech visually. This contest will run primarily on Reddit, with the exception of resources being posted to Medium and a master twitter thread for submissions on Twitter. You'll find links at the bottom of this post.

Prizes for winning infographics.

Are you a creative designer? Here's what you can win…
  1. A grand prize of 5,000 KMD
  2. Two runner-up prizes of 500 KMD each
  3. Two third-place prizes of 250 KMD each

Prizes for sharing and giving feedback!

Not a designer? That's OK. You can still participate and win! We'll award five lucky winners 100 KMD each for sharing and promoting the contest. Winners will be picked in a raffle. If you'd like to take part click here https://gleam.io/MwMtO/komodos-20-infographic-contest-5000-kmd-grand-prize and share this post with your friends.

Your Goals

  • Create a high-quality infographic that illustrates the genesis of our platform, the working tech that has been created and how Komodo has been built differently, and deliberately, from the very beginning to ensure security, scalability and interoperability. This is why we refer to the architecture, because Komodo was designed to overcome common problems like congestion, governance and attacks that other platforms did not foresee or prevent, from the beginning. This is Komodo DNA.
  • Share your submission far and wide and encourage your friends and followers to vote for you.
  • Encourage feedback, ask questions and make your infographic the best that it can be.

Our Criteria to Judge

Please note that upvotes and shares are not the only criteria we'll use to judge winners. While useful, we will value creativity, good questions and discussion on Reddit highly. When sharing your posts you will score more highly if people comment, provide feedback and are engaged.
  • How well the infographic conveys our working tech, it's core concepts and plans to build on top of it.
  • How well the infographic illustrates our story, purpose and conveys our tech so that it's easy to understand.
  • Constructive discussion, questions and feedback on Reddit that lead to improvement.
  • Sentiment and comments generated across all our social media. This will not include vanity metrics like likes or shares.
  • Upvotes on Reddit for the author's submission post ONLY. All votes will be counted (i.e. doesn't matter which week they were made).
  • Retweets of the submission in our master thread ONLY. Include your handle and a cover image in your submission. This means if you promote yourself on Twitter you ought to promote the tweet with your work in it.

How do you win?

You may submit up to two infographics. By submitting an infographic, you understand Komodo may post and use your submissions on our digital channels during and after the contest. Each infographic must have it's own post.
  • Create a post on Komodo's subreddit using the 'infographic contest' flair.
  • Add the infographic image into the Reddit post.
  • Include your Twitter handle.
  • Include a social media friendly cover image for us to use when we tweet your submission out.
  • Post a link to your submission post here in the comments for all to see.

Contest Timeline Guide (these dates indicative and are subject to change).

  • 7th September. Announcement. If you're reading this on Reddit before the big announcement then well done! You have two extra days before this is announced on Friday.
  • 10th - 21st September. Research and Questions. We will promote the contest, invite questions and requests for resources, in the comments of this master Reddit post (because this means all information and good questions will be visible to all participants).
  • 22nd September. Draft Submissions. Creatives to submit their draft infographics on Reddit. All submissions need to have their own post and then be linked to in the comments of this master post. This is important to remember!
  • 24th - 30th September. Feedback. A period of one week will be devoted to promoting the submissions and asking the community and team to give you feedback.
  • 1st October. Final Submissions.
  • 2nd - 8th October. Voting. A week of promoting your work and at the end we'll count votes, consider feedback and pick our winners.
  • 15th October. Winners Declared. The final decision by judges. Votes and community feedback counts towards judging but do not have final say.

Resources

If you need help please post in this thread, or email [[email protected]](mailto:[email protected]) with ‘Infographic Contest’ in the subject line.
  1. A list of resources for the Komodo infographic contest including tools to create infographics.
  2. Komodo Platform: Redefining The Architecture Of Blockchain Platforms
  3. A bullet point study aid to help you understand the history of Komodo’s architecture.
  4. Logo Pack https://komodoplatform.com/wp-content/uploads/2018/03/Komodo-Logo-Pack.zip
  5. Mylo's notes on Software & Platform Architecture for Designers in the Infographic Contest
  6. Mylo's Conceptual Model of Architecture
  7. Video: A brief history of our working tech and an animated timeline of the Komodo Platform.
  8. Video: Komodo Atomic Swaps Explained.
Also please let us know if you are, or you know, a good GUI developer because we'd love to hear from them. Ask them to DM ca333#0118 or SHossain#8093 on Discord.

Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.

25/09/18 - First Round of Feedback

Infographics should use graphical design elements to visually represent the Komodo Architecture Story found here: https://komodoplatform.com/komodo-platform-a-brief-overview/ included in our ‘required reading’. There’s also a bullet point aid: https://medium.com/@benohanlon/bullet-point-aid-to-help-you-the-history-of-komodos-architecture-dced35b29965 you may find useful.
  • We want to stress that the infographic ought to focus on the Architecture story. In the first round we've found many have focused on the five pillars which is a part of it but not the focus.
  • Copy should be short and concise and not dominate the infographic. The idea is to simplify the story and not to copy and paste directly from the story.
  • Colour Palette - avoid heavy usage of the old KMD green and yellow-orange. Would prefer usage of the interim KMD colour palette.
  • Recommended fonts: Montseratt, Roboto, Open Sans, Helvetica, or Arial.
  • Graphical - Imagery should complement the associated copy. Diagrams are encouraged in place of simple icons to explain more complex technology concepts.
  • Interim KMD colour palette
Interim KMD Colour Palette
If you’ve not been included in the first round it’s because the submission hadn’t been made when the team reviewed. Don’t worry though because we’re organising hangouts and further feedback to help.
  • #001 Infographic Link // Reddit Post Link by thesudio. There’s a lot of good points made, however, these would work better if there is a clear narrative and flow to the information being presented. Otherwise, it can be overwhelming and confusing to the reader. The #1 objective is to visually depict the architecture story and how KMD is redefining blockchain platform architecture.
  • #002 Infographic Link // Reddit Post Link by thesudio. We like that there is a clear structure and clear messaging aligned to each of the 5 pillars. However, the infographic should be focused on telling the architecture story vs the pillars.
  • #003 Infographic Link // Reddit Post Link by VolsenVols. Love how you’ve incorporated our existing graphic design elements into the infographic. This is heading in the right direction and the level of copy and content are well balanced. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
  • #004 Infographic Link // Reddit Post Link by dexter_laabo. Needs to tell the architecture story. This looks more like it took information from our current website. “Anonymous” is not a key aspect of our technology that we’re focusing on.
  • #005 Infographic Link // Reddit Post Link by savandra. The visuals are strong but the narrative could be stronger. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
  • #006 Infographic Link // Reddit Post Link by VolsenVols. Team prefers the other submission style in entry #003.
  • #007 Infographic Link // Reddit Post Link by cryptol1. Doesn’t depict the architecture narrative. Inaccurately describes cross-chain tech as “proprietary”. Simplification has the wrong messaging associated, should be white-label focused. This is considered more of a graphics versus an infographic. Needs to be more comprehensive.
  • #008 Infographic Link // Reddit Post Link by pacosenda. We like the unique design style and approach taken. Doesn’t follow the architecture narrative. Should be expanded out as it is a bit short on content with no clear flow or narrative.
  • #009 Infographic Link // Reddit Post Link by jeanetteLine. Great level of detail and thought on the layout and content. Doesn’t, however, cover the architecture story. Would be preferred if the design direction reflects interim colour and style vs. legacy KMD. The roadmap should be avoided. Looks like they borrowed more from the website than the guidelines.
  • #010 Infographic Link // Reddit Post Link by Meyse. Very creative way to explain and layout the content. This could be expanded out more to encompass the entire architecture story. Cross-chain verifications/smart contracts, blockchain bridging need to be incorporated in.
  • #011 Infographic Link // Reddit Post Link by Brenny431. Follows the 5 pillars versus the architecture story. Would prefer stronger visuals and design elements.
  • #012 Infographic Link // Reddit Post Link by ProofDraw. Design elements are good but need to follow architecture story versus 5 pillars.
  • #013 Infographic Link // Reddit Post Link by sayonara_girl. Needs to follow the architecture story.
  • #014 Infographic Link // Reddit Post Link by Limiter02. Good thought has gone into the copy, however, there’s way too much of it. Would prefer stronger visuals and utilizing a more visual storytelling approach. Doesn’t follow the architecture story. Remove the lizard.
  • #015 Infographic Link // Reddit Post Link by piptothemoon. Great thought into visually representing key points. Needs to be expanded out to incorporate the architecture story, but this is heading in the right direction from a visual storytelling POV.
  • #016 Infographic Link // Reddit Post Link by thecryptofoundation. Love the timeline approach, and mostly followed the guidelines and architecture story. Also, like the incorporation of accomplishments at the end. Would like to get the stock imagery used to reflect our interim colour palette. Not all visuals match what is being represented in the copy.
  • #017 Infographic Link // Reddit Post Link by jsteneros. As discussed in the Zoom call, this graphic is really solid but a little heavy on the copy. Would be good to see more visualizations of the info. This graphic hits on some of the important messages (e.g. Komodo is built differently from other blockchain platforms and solves many of the issues that first-gen platforms are struggling with) but it would be great if there was more information about Komodo’s architecture and how Komodo is different from other platforms.
  • #018 Infographic Link // Reddit Post Link by gravigocrypto. This one was also discussed in the Zoom call. Outstanding visuals and overall design. The info follows the architecture story well but could be stronger if the 3 layers of Komodo’s architecture were tied together into one, coherent visual. It’s a challenging task but that’s part of the contest : )
  • #019 Infographic Link // Reddit Post Link by PacoSenda. This is a really creative infographic, which is great! However, we’d really like to see the visuals a bit more in line with fonts and color palette described above in the “First Round of Feedback” section. Also, as with the feedback for many of the infographic submissions, sticking to the Komodo architecture story would be best.
  • #020 Infographic Link // Reddit Post Link by emmanmalaman. The visuals are pretty cool but this one misses most of our core messaging. It would be much stronger if it followed the architecture story and touched on the info provided in this post. There’s definitely potential here but it needs some work.
  • #021 Infographic Link // Reddit Post Link by immimidada. The colors and visuals here are spot-on. It’s also really great that it sets up the problem and then presents the Komodo solution. However, the problem and solution aren’t defined exactly the way we’d like. Check out the architecture narrative to learn more, and try to follow that story a bit more closely.
  • #022 Infographic Link // Reddit Post Link by mohitgfx3. This one is a bit heavy on the KMD logos. We’re really hoping to see a visualization of Komodo’s infrastructure architecture. As with the feedback for many of the infographics, it would be best to re-read Komodo’s architecture story and try to stick to that as much as possible. Using images from the current website is also not a great approach, as we’re preparing to launch a new site in the coming months.
  • #023 Infographic Link // Reddit Post Link by u/sayonara_girl. Some of the visuals are cool! It’s missing the narrative we’re looking for. In general, less copy and more visual storytelling would improve this graphic a lot. We’d like to see a smooth, linear flow of information. Take another look at the architecture story and try to follow that narrative.
  • #024 Infographic Link // Reddit Post Link by brunopugens. This one follows the narrative well! But it’s a little heavy on the copy. It would be much stronger if the architecture was displayed visually, rather than explained with text. Also, the design is cool but it’s difficult to read b/c the perspective of the text is skewed. It’s a really cool idea but might be better to put the text flat for the sake of readability and clarity.

We hosted a round of live feedback sessions via Zoom. The recording is here:

https://soundcloud.com/blockchainists/zoom-call-first-round-of-feedback-for-komodos-infographic-contest#t=3:50

Timeline

The first block in the KMD blockchain was mined just under two years ago, on September 13, 2016 to 9:04 PM. Since then, Komodo has demonstrated a commitment to innovation and established a history of execution.
  • February 21, 2016 — The vision for Komodo Platform is born with jl777’s Declaration of Independence.
  • September 13, 2016 — The first block in the KMD chain is mined.
  • October 15, 2016 — Komodo’s initial coin offering (ICO) is launched.
  • November 20, 2016 — Komodo’s ICO comes to a close with a total of 2,639 BTC raised.
  • January 2017 — The Komodo Mainnet is launched, complete with independent assetchains and delayed Proof of Work security.
  • January 31, 2017 — The KMD coins purchased in the ICO are issued.
  • March 2017 — Komodo’s development team develops one of the first atomic swap protocols.
  • July 2017 — Thousands of atomic swaps are made in a public, observable setting.
  • August 2017 — Private, zero-knowledge trades made possible with Jumblr, Komodo’s native shuffler.
  • October 2017 — Komodo develops a way to make atomic swaps in SPV Mode (“Lite Mode”), thus eliminating the need for traders to download entire blockchains to do atomic swaps.
  • November 2017 — First GUI for Komodo’s atomic-swap-powered decentralized exchange (DEX) is released, making atomic swap trading more accessible than ever before.
  • January 2018 — The mobile version of Agama wallet is released.
  • February 2018 — A public stress test allows 13,900 atomic swaps in a 48 hour period.
  • March 2018Komodo bridges the gap between Bitcoin-protocol-based coins and Ethereum-based ERC-20 tokens, providing support for 95% of coins and tokens in existence.
  • March 2018 — Komodo holds its second annual Notary Node Elections.
  • May 2018 — The world’s first decentralized ICO is held on Komodo Platform.
  • June 2018 — The alpha release of HyperDEX, a new GUI for Komodo’s decentralized exchange, is launched.
  • July 2018 — Komodo enters a partnership with Netcoins, making KMD coins available for purchase with fiat currencies at over 21,000 locations across three continents.
  • July 2018 — Komodo announces the 5 Pillars of Blockchain technology and begins introducing some Komodo 2.0 technology features, like Federated Multi-Chain Syncing and Cross-Chain Smart Contracts.
  • August 2018 — Komodo takes two big steps towards mass adoption, announces a collaboration with Ideas By Nature, an industry-leading blockchain agency, and releases a full briefing on the development on UTXO-based smart contracts.

Achievements

  • Cryptomiso.com is a website that ranks 866 different blockchain projects according to the Github commit history of that project’s most popular repo. Komodo is ranked #1 overall for Github commits over the last 12 months.
  • China's Ministry Research Initiative regularly ranks Komodo in the top 10.
  • Binance CEO highlights Komodo (see this Five Bullet Friday edition for more info).

If you would like to update your post, please edit and add to the post so people can see the different iterations. Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.

submitted by benohanlon to komodoplatform [link] [comments]

We belong at #6! Time to turn this this boat around!

tl;dr hodl your tacos tightly, also we need to stop the obvious negativity and take positive action to turn market sentiment around and find better ways of pressuring the foundation to fulfill their ICO promises.
Here is my long winded, but hopefully inspirational rant on why Tezos is the chain to hodl atm.
OK Tacos, let me kick off by saying this; Tezos is, as far as I can tell the most advanced blockchain out there. My reasoning is simple, we might not have shards, we might not have ZK-SNARKS, we might not have Coda protocol ZK-SNARK roll ups, we might not have one of two dozen features de jure but we have one thing that essentially no other blockchain has; we can upgrade and pay for the upgrades! This feature alone gives Tezos something nothing else has, the capacity to catch up to any feature.

I develop Solidity code on Ethereum full time and let me tell you, it's no walk in the park. Solidity is essentially based off of C and has many of the exact same idiosyncrasies. It is a real ramp to get going on and it is an incredibly intimidating job to reach security confidence with it. Furthermore there are just obvious pain points in Ethereum that weaken it incredibly to competition. Simple things like revert messages that should display when an error occurs is not easily accessible, there isn't even a debugger! Ethereum is NOT unassailable! The Ethereum foundation, bless their rainbow hearts, have not been focusing on what they should! They have not built tools for developers as they claim, Web3 in all it's flavours (except Elm) is very hard to grok. Tezos has a tonne of money and a process of solving all these pain points in an intelligent fashion.
Furthermore, it doesn't look like we have much in the way of competition. Cardano looks like the closest to a working system but it isn't as far as we are. Others to watch out for are RChain and Casper Labs, but both of those lack an onchain upgrade mechanism, Rchain is also more of a mess than we ever were during the early days. RChain and Casper Labs both bring significant throughput improvements and baked in sharding mechanisms, let's hope they get those out so we can copy them and vote them in as upgrades! Let me say that again, unlike the empty promises around Bitcoin in the early days that they can simply fold in any chain improvement, we can actually accomplish this through a reliable mechanism.

So now for some straight talk; We need to stop with the toxicity; we can't have newbs land here or /tezos and see us scoring own goals! Let's focus on the stuff we have going right for us! Let's invite our friends, let's tell them about baking, about programmatic upgrades, about formally verifiable code! If we have ideas, let's form small groups and push for foundation funding. That's another thing I don't want us to forget about; the foundation has a large pool of money to fund projects. Let's stop saying ignorant self trolling nonsense like "it's only for friends and family". If we see nepotism malfeasance, let's call it out but let's stop this never ending self disqualification we have going.
On the Foundation; they have made promises, specifically wrt the Mars shot, that in 2017 no one honestly believed would ever have to be realised. Some of those have to do with generating hype. I don't quite have an answer here as they seem to be hiding behind "let the tech speak for itself" and "that's not our mandate" but we need to keep keeping them accountable for that. But please let's try to do it with the attitude that even if they don't, we the believers in the tech will find another way to make it happen!
On the topic of hype; I think there's a lot we can do.
  1. We can meme fun things here; this is literally the whole reason /ethtrader has always been such a fun sub. If we all post just one fun and upbeat thing here and on twitter a week we will see a shift in sentiment and then price.
  2. We can stop the never ending complaining, I get it, go look at my history, I've down my fair share of B-ing and M-ing but enough is enough. This thing will never succeed if it doesn't have a community around it!
If you have to rain on parade, at least try to inject some wit in your sarcasm ;-)
Edits: PS with "we belong at #6" I mean that in my esteem we are, at worst, the 6th most useful project in production as things stand now. If the upgrade mechanism yields the compound progress I suspect we will see, I think we could argue that we are #1 in two or three years!
submitted by sjalq to tezostrader [link] [comments]

List of some of the best Crypto Teachers/Influencers and Crypto exchanges/crypto trading tools for beginners

First of all, congrats, to be a part of the Bitcoin/Blockchain growth story. You are one of the early adopters in this space and hopefully, you will make the best out of it.
The first thing to do is to make your mentors and follow them to get to know about the industry insights, who will always motivate you and prevent you from being scammed.
Some of the mentors to follow on Twitter-
  1. Andreas M. Antonopoulos - He is one of the first Bitcoin educators. In 2012 Antonopoulos became enamored with Bitcoin. He eventually abandoned his job as a freelance consultant and started speaking at conferences about bitcoin, consulting for startups, and writing articles free of charge.
  2. Saifedean Ammous- is an economist and author focusing on bitcoin, who authored the first academic book on the economics of bitcoin, The Bitcoin Standard: The Decentralized Alternative to Central Banking, published by Wiley in 2018
After deciding the mentors and taking advice from them by following them, create an account on some good crypto trading exchanges just to know how an exchange works like what are the functioning/ how orders are placed, etc.
List of some of the best crypto trading exchanges-
  1. Binance - It is the largest crypto exchange in the world as per the trading volumes. User Interface is also very good. Recently they also announced their margin trading feature. They have a mobile app also available.
  2. Bittrex - Its US-based exchange and it is operated by 3 security engineers from Amazon, founded in 2014. They don't have a mobile app for now.
  3. Coinbase - It was founded in 2012 and they have crypto to fiat pairs available in 32 countries you can buy cryptocurrencies through your bank account.
Before going to trade with real money, I would recommend you to do some research, how crypto market works. According to the best of my understanding, you should apply some strategies, follow news/sentiments, charts, patterns of the coin.
Some important tools/websites that can help you to build your strategies and gather all the possible information about the market-
  1. Coingecko - Here you will find all the information of any coin like market cap, prices, dominance, social accounts, explorer at one place so that you can make informed decisions.
  2. Trading View- It's an advanced Financial visualization platform where you can find any past chart with indicators to apply the best possible strategy, also you can take ideas from the leaders at the trading view.
  3. SmartBotCoin - It's an automated tool that gathers all the information like news and sentiments through AI/ML at a single place and automates the process of backtesting, that can be helpful in making informed trading decisions.
Also, before going to trade with real money - you should have a solid trading plan that not only constitutes trading knowledge but also how you control your emotions, gaining confidence and how you manages your finances and risk.
Best of luck!
submitted by Cresource_ to CryptoCurrency [link] [comments]

Weekly Update: Welcome $INE to ParJar, 130k tips in 24 hours, XIO Startups Round I, Constellation mainnet... – 22 Nov - 28 Nov'19

Weekly Update: Welcome $INE to ParJar, 130k tips in 24 hours, XIO Startups Round I, Constellation mainnet... – 22 Nov - 28 Nov'19
Hi everyone! Here’s your week at Parachute + partners (22 Nov - 28 Nov'19):

In this week’s Parena, Light's Nervous Nightingale took home the grand prize of 25k $PAR. Here’s Cap and Ice at a Chainlink Offchain Protocol event to spread the word on ParJar. Benjamin hosted a trivia in TTR based on the 3rd edition of his "Foundations of Fantom" series. Chris will be hosting a Thanksgiving Fantasy Football contest next week with a 100k $PAR pot. Hot damn! This week’s Two-for-Tuesday by Gian had the theme: units of time. Cool! TTR embarked on a crazy tipping adventure that could have broken Telegram. With 150k $PAR on the line, it’s amazing how robustly ParJar performed amidst this madness. By the end of the day, they reached 130k tips. Amazeballs! Charlotte’s Math trivia was fun as always. In the latest #PFFL update shared by Andy, the folks who are into the playoffs are Hang, Clinton, Alexis, Andy and Chris. Nilz, Ken, Kamo, Connor and Cap will be clashing for the remaining playoff spot. In the #FPL update for Game Week 13 shared by LordHades, LH is still leading the table with NovelCloud and Alexis following closely behind. Doc Vic (from Cuba) hosted another Champions League wager in TTR this week. $INE, the native token of IntelliShare project, was added to ParJar this week. Welcome! For more on what’s in store for ParJar, make sure to read Cap’s biweekly digestive.
Lolarious stuff from Tito. Haha!
aXpire’s Bilr intro video explains how the platform works. The latest updates from the project can be seen here. This week’s $AXPR burn saw 20k tokens sent to the genesis address. CEO Gary Markham will be speaking at a Hedge Fund Association event on Digital Assets on the 11th of December in NYC. The new website is out as well. Few weeks back, 2gether CEO Ramón Ferraz attended a Cecabank event on Securities as a speaker which was covered by the news outlet Expansión. Here's the full article. And thanks guys for the shoutout to my Hackernoon article (which I wrote with my co-author Rohit) on 5 Must Have Crypto Asset Management Tools. Founding Partner Luis Estrada travelled to the Fintech Innovation Summit 2019 to talk all things crypto and blockchain. The first group of potential XIO incubatees were revealed this week. Both are familiar names for Parachuters. They are Uptrennd and Opacity. Voting will begin on the 6th of December. Learn more about Round One from Zachary’s explainer video and email. An early sentiment poll of $1UP vs $OPQ was also put up. This led to an interesting consideration: should all nominated startups be stakeable instead of making it a competition. Did you know the USD value of total $BOMB tokens burned till date was ~144k. That is insane! The first $XIO liquidity pool on Uniswap was also started this week. Watch the explainer video to see how it works. Looks like Shingo from Ethos will be dipping his feet in the pool too. This is essentially what Zachary refers to as Proof-of-Liquidity. In a bit of a sobering news, Wysker filed for bankruptcy last week. Running a startup is hard. Best wishes from the Parachute crew on your next journey. As a Black Friday Surprise, referral earnings on Birdchain will be more over this weekend. For other updates, watch the video by CEO Joao Martins.
The $XIO liquidity pool on Uniswap is a pretty ingenious solution for low marketcap projects
Few weeks back, we had shared that Fantom was hosting a blockchain challenge at the AfricArena 2019 Summit with XAR Network. Here’s a summary from the contest. Congratulations to HouseAfrica. The BUIDL contest announced few weeks back was expanded to increase the prize pool and include developers working on the Cosmos stack as well. Click here for the latest technical update. The Afghan Ministry of Health will be using Fantom's public chain to fight the menace of counterfeit drugs and for other public health initiatives. Read more about it here. The news was covered by Coinspeaker, CryptoDiffer, Gagarin News, ICO Analytics and Upblock. Upblock’s review report on the project (along with an $FTM giveway) was also published this week. Anybody still unclear with what Fantom does should definitely see this video made by Blockcove and read the Fantom Vision by CMO Michael Chen. In light of Uptrennd’s nomination to the XIO Incubator Round I, founder Jeff Kirdeikis hosted an AMA. Original Content is always appreciated on the platform and the video guide explains how to create one. When you rank up on the platform, your points get locked. 30% of all those locked up points are burned each month to increase scarcity. The 2020 roadmap looks exciting! An Opacity Economic Advisory Board will be set up soon to explore optimisation of $OPQ tokenomics. Read more about it here. The Hydro crew travelled to a FinTech Friday event hosted by Barclays in NYC this week. Check out the latest Hydro Labs dev update here. The project is one of the semi-finalists at MassChallenge FinTech to be held in December. Good Luck! PayTrie is the latest dApp to join the Hydro dApp store as a 3rd party partner. For the latest update on the store, click here.
Potluck at Hydro HQ on Thanksgiving
As part of Silent Notary’s new marketing push, the first advertising campaign kick started on masternodes.online and foundico.com. And another feature on The Bitcoin News. Don’t forget to make a note of the updates in $SNTR Telegram channels. As mentioned last week, Sentivate crew sat down for an AMA with The Gem Hunters this week. Here’s the transcript. P.S. It includes the first glimpse of Artifacts as promised. Click here and here for the first glimpses of the Mycro Hunter app. OST is looking for a Senior Product Manager to join their crew. Apply if you’re up for it. SelfKey fans, make sure to vote for your favourite dashboard setup on the platform. The team, travelled to the Asia Cryptocurrency Investment Forum in Bangkok this week. Hope you had an opportunity to say Hi if you were around. The Constellation mainnet, Hypergraph, will launch soon. But what happens to your ERC20 $DAG tokens? Fret not. The team will put out detailed instructions for the swap to mainnet. Here's an article and video to start with. VP Finance Mateo Gold goes into more details of the swap. New to Constellation? Watch this community-made video that explains what the project is all about. Like Fantom, Upblock also published a detailed review report on Constellation. Their AMA with Chainlink was this week. Next week’s Arena Match Raffle is sponsored by Space Misfits.
Winner of the next Arena Match Raffle will take home The Behemoth Blueprint worth ~USD 300
Catch up on the latest on District0x from the District Weekly. The District Registry was deployed to mainnet and has been running without hiccups. Read more about it in the Dev Update. The Nasdaq Composite was added to Pynk’s price prediction platform this week. Congratulations to Van P for winning the first Shuffle Raffle built by Trooper George. Harmony’s BEP2-ERC20 bridge now works both ways. The results of the 3 month survey from MBA researchers of UW Foster School exploring market readiness of Harmony are out. They indicate that the Credit Unions, Trade Finance and Mobile Data industries are ripe for disruption by Harmony. Go get’em! Harmony's Pangaea, an experimental game to interact with Harmony, development is progressing as scheduled. Harmony is now integrated with the IncognitoChain project which allows cryptocurrencies to be transacted privately using sidechains. Even those cryptos which are not primarily built as privacy coins. Noice! Click here to find out how to transact $ONE tokens privately. CEO Stephen Tse’s yearly review of updates will be a lifesaver for anyone who’s missed all Harmony news so far.

And with that, it’s a wrap. See you again soon. Cheers!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Weekly Update: Launch of BOMBX, Parachute + BOMBX partnership, Crypto Lifestyle Interview, AXPR on Binance Dex... – 12 Jul - 18 Jul'19

Weekly Update: Launch of BOMBX, Parachute + BOMBX partnership, Crypto Lifestyle Interview, AXPR on Binance Dex... – 12 Jul - 18 Jul'19
Hiya folks! This was one of the most eventful weeks in recent Parachute history. Strap onto your seatbelts. Here we go!

Cap announced the start of a new journey with BOMB’s latest venture, BOMBX (more on that later). In short, new groups will get to explore ParJar, new tokens will be added and a ton of new communities will get to experience Parachute in all its glory. Plus, ParJar will add the Binance chain to its list of supported chains. BEP2 tokens, here we come! Cap’s interview with The Crypto Lifestyle was this week as well. Have a look! PAR got listed on MetaMorphPro through a Twitter vote. This week we added a new token to ParJar: SNTR (Silent Notary). Read more about the project here. Don’t forget Cap’s reminder: when you join a new partner project channel, read up on them, join to learn about the project, be a part of their community. We want ParJar to be used as a tool for that community. Hence, try not to tip other coins/tokens there (including PAR).
Derjenige is a master of woodwork. Check out how he makes PAR coasters
Ian hosted an art trivia in the Tiproom. 50k PAR given away. Noice! In the Big Chili Race, Jason is still ahead of the competition at 47 cm. Just 3 more centimeters to win 400k PAR. If you’ve been meaning to use the Parachute sticker set on Telegram but couldn’t find it, click here. Cryptonoob has been hard at work designing UX concepts for the Parachute app. This week, he interviewed Parachuters to gauge user sentiment. Chris announced the start of a British Open Pick ‘Em Tournament with a prize pot of 100k PAR. Say what! Jason’s flash game for 65k PAR to find the “weirdest product for sale on the internet” saw some super wacky items being posted. Evan, Alexis and CF picked the craziest ones. Pika, Nilzinho, Richi and Airdrop won honourable mentions. Lmao! Roberto was kind enough to translate the ParJar guide to Spanish.
Big Chili Race participants. L to R: Abhijoy (8th), Tony (2nd), Jason (1st), Richi (5th)
BOMB announced the launch of an exploratory incubator on the Binance Chain called BOMBX. As Zachary explained during the livestream of the launch, while BOMB signifies destruction, BOMBX signifies creation. All BOMB token holders will receive BOMBX tokens (XIO) in 1:25 ratio. Find out more from Dash’s article linked above. Check this tweet thread for the TLDR. If you plan to watch the full announcement video, check out the index to skip to the sections of your interest. This infographic should help explain the incubator ecosystem being planned. There was also a giveaway for the top lessons shared by entrepreneurs from the BOMB community. As announced in the last update, BOMB was listed on Hotbit this week. Benjamin’s latest report on tokenomics got published. And as promised, the token statistics dashboard went live this week. Opacity is also one of the partners of BOMBX. As the explained in their article, Opacity will be the preferred storage provider for startups incubated by BOMBX. Opacity’s whitepaper is also now available with an Opacity storage handle for downloading and reading.
BOMBX Partners
This week’s Parachute + Uptrennd brainstorm session focused on Technical Analysis. Uptrennd founder Jeff sat down with Enjin CTO Witek Radomski to talk about the Efinity scaling solution, ERC-1155 marketplace and other topics. Membership on Uptrennd has been growing steadily. This called for a celebratory giveaway with egamers.io. Plus, Idex listing of 1UP is expected next week. Another public voting for a free detailed review of a project by the Uptrennd team started this week. aXpire’s AXPR token was listed on Binance Dex. Woot woot! Like last week, the weekly aXpire burn event was for 20k AXPR. Reasons for the double burn to be released in next update. There’s also a new dashboard to track all the token burns now. Checked out Clinton’s cool aXpire mug yet? Do it! And finally, catch up on the weekly updates at aXpire and the crypto space from this video. 2gether won the second prize on Pitch Day at the Barcelona Trading Conference. Congratulations!
AXPR Burn dashboard (as on 28-Jul-19)
Fantom appointed their consultant Bariq Sekandari as Director of BD and Listings this week. Bariq has been the driving force behind the deluge of FTM listings on exchanges in the last few weeks. The project also entered into a partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group to join hands in the Dubai smart city project. This news was covered by The Merkle, Coin Spectator and The Daily Chain. In this week’s technical article, the Sfxdx team writes about ChainWitness consensus algorithm. If you’ve missed the July updates of Fantom, fret not. CMO Michael Chen has covered it all in this post. Fantom also joined the Government Blockchain Association (GBA) this week along with several key figures from Fantom being added to the GBA Consultant Directory. Core dev Andre Cronje will be speaking at CFN Network’s “Future of Blockchain and Bitcoin” event at London in September. Click here for deets. The infogif contest winner was declared. THORChain announced a partnership with Fantom to allow BEP2 token swaps at market rates. Benjamin Cowen’s first FTM deep dive was released. Neat! Plus, Chico Crypto, That Martini Guy, Crypto Zombie and Bloxlive featured the project in their videos this week.
Fantom sets up its footing in Dubai
Hydro and its molecule solution got featured in World Blockchain Forum’s latest Medium article. Hydro announced the start of its article contest and winner of the video contest. Click here and here for the latest updates on all the moving parts of Hydro. Switch and SwitchDex were covered by BitcoinNews, The Merkle, Coinspeaker, NullTx, Incrypts, Altcoin Sara and Cryptopedic. ESH got listed on AltMarkets with a BTC pairing. Ahead of the start to the SMS Beta Testing phase, Birdchain announced social media competition. 50k BIRD up for grabs! Marketeers, have a read of their article on the efficacy of Pay-per-click campaigns. The latest Bounty0x bi-weekly update is available here. We have covered most of the news items in past updates. Catch up on District0x news from the weekly update post. All the pending questions from last week’s ETHOS AMA were answered this week in another AMA with founder Shingo and Voyager CMO Steve Capone. Following a system maintenance, Update 2.0 for the Universal Wallet went out this week. Upgrades include faster transactions, fee improvement and listing of BCH. Remember Horizon State’s nomination to the Wellington Gold Awards? They have started introducing the nominees recently and featured Horizon State this week. The project also got nominated for a Blockies Award by Blockchain Australia. Woot! And last but definitely not the least, Horizon State is now conducting a vote for The Opportunities Party in New Zealand. Check it out here.
Cap’s beer haul from the Parachute Beer Exchange. Courtesy: Thane
And with that, it’s a wrap for this week at Parachute and partners. See you soon with another weekly update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

25 Tools and Resources for Crypto Investors: Guide to how to create a winning strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
This is going to be Part 1 and will deal with research resources, risk and returns. In Part 2 I'll post a systematic approach to valuation and picking individual assets with derived price targets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. Its not because we are seeing any mass increase in adoption, if anything adoption among eCommerce sites is decreasing. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage of previous price action. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization to think about:
  • Currency
  • General Purpose Platform
  • Advertising
  • Crowdfunding Platform
  • Lending Platform
  • Privacy
  • Distributed Computing/Storage
  • Prediction Markets
  • IOT (Internet of Things)
  • Asset Management
  • Content Creation
  • Exchange Platform
I generally like to simplify these down to these 7 segments:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month). Buffet calls this "circle of competence", he invests in sectors he understands and avoids those he doesn't like tech. I think doing the same thing in crypto is a wise move.
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoCurrency [link] [comments]

How Twitter helps cryptocurrency trading

The social network Twitter has long been considered a key place for discussion of cryptocurrency topics both among experts and among ordinary cryptocurrency market players. Moreover, based on the mood of messages on Twitter, you can build a trading strategy that allows you to effectively earn on cryptocurrencies.
So, two companies – the eToro trading platform and the TIE analytic company – linked trading with Twitter analytics, resulting in the powerful TheTIE-LongOnly CopyPortfolio tool. How the new tool works, what role Twitter plays for the cryptocurrency industry, and what other ways traders have an analysis of the cryptocurrency community’s moods, we understand in detail the material.


A cryptocurrency portfolio that depends on tweets

Those who manage the cryptocurrency portfolio have the opportunity to put into practice what many had previously suspected: Twitter has become not only a storehouse of information and analytics for the crypto community, but also a pulse that cannot but correlate with what is happening with cryptocurrency prices.
EToro and TIE have launched TheTIE-LongOnly CopyPortfolio cryptocurrency portfolio for all types of investors. This tool is managed by eToro and is based on Twitter posts. This is especially interesting because, as stated in eToro, “unlike traditional assets, cryptocurrencies do not have fundamental factors – they do not have a stream of income, dividends or an indicator of debt burden.”
The minimum threshold for using heTIE-LongOnly CopyPortfolio is an investment of $ 2,000. At the moment, the initial assets in the portfolio include the following assets:


The fact that almost half of the portfolio is occupied by DASH suggests that the maximum high volume of positive tweets was observed on this altcoin in early October. At the same time, the composition of the portfolio is reviewed monthly, automatically and without human intervention, and eight more cryptocurrencies can be included in the portfolio – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, NEO, Stellar, Zcash and Cardano (ADA).
The main criterion for the revision is the dynamics of sentiments on Twitter: if it shows an increase in positive moods on one of the coins, then it is included in the portfolio, and the other cryptocurrency, losing optimism on Twitter, may disappear altogether. The share of a digital asset is also determined solely on the basis of sentiments expressed in cryptocurrency tweets.

Twitter post analysis technique

Obviously, when analyzing the information flow on Twitter, messages must be carefully filtered using Artificial Intelligence (AI) and word processing using Natural Language Processing and messages from various scammers and bots. There are also about 80 popular words in the cryptosphere that are actively used, but have several interpretations. So, for example, the name of the DASH altcoin is similar to the pronunciation of the special Dash browser API.
As a result, companies have developed 30 different metrics that measure a particular tweet. TIE co-founder Joshua Frank noted that if there are a lot of tweets from Twitter accounts in a certain period of time, in which messages usually rarely appear, then we can talk about a custom campaign to promote some kind of cryptocurrency, and such tweets are not included in the analysis .
Of the more than 850 million tweets published daily, about 50,000 posts are about cryptocurrencies, which are grouped by certain types of digital assets. It should be borne in mind that half of them are messages about bitcoin. At the same time, TheTIE-LongOnly CopyPortfolio filters out more than 90% of tweets, which are an obsessive promotion of any cryptocurrencies, or scam projects, as well as message bots.
There is also a certain pattern in the crypto community, according to which the adherents of a certain asset often write (and almost always positively) about their token. Accordingly, for the analysis of moods, it is not the volume of such tweets in relation to the total number of messages about other digital assets that is used, but the change in moods relative to some cryptocurrency in dynamics over the past seven days.
The analysis method was developed for seven years by Social Market Analytics (SMA), a co-owner of TIE. The corporation has compiled a dictionary with 100,000 linguistic units, and based on the analysis of the content of tweets that were passed through the cull filter, Twitter messages are rated based on the Raw Sentiment Score system.
This process takes place almost in real time: only 300 milliseconds pass between the time a tweet is posted on a social network and the end of its analysis.

New tool shows excellent results

This tool has already been tested by TIE for a limited number of private clients, as well as hedge funds, but now thanks to eToro it has become available to the general public. Testing of the algorithm began in October 2017 and showed that for every dollar invested, the investor received a net income (i.e. minus commissions) of 213.7%. The return on invested funds in bitcoin over the same time turned out to be noticeably more modest – 41.1%.
At the same time, retrospective dynamics, for example, for the current year, shows that such a portfolio in January “lost weight” by 17%, and in February, on the contrary, rose sharply to 410%, once again showing that cryptocurrency trading remains a highly risky type of trading operations, especially at short time distances. It is no coincidence that eToro and TIE emphasize that they have a portfolio that focuses on a long-term strategy for working in the cryptocurrency market.

Research on the correlation of Twitter sentiment and cryptocurrency market

Of course, studying the dynamics of moods on Twitter can be built not only on the SMA technique. Research data can also be found on other sites, for example, on the sites Cryptoswarmanalytics.com and Bitinfocharts.com. However, the fact that crypto traders should study the mood changes on Twitter, indicates a number of studies.
So, scientists at Stanford University, Stuart Colianni, Stephanie Rosales and Michael Signorotti decided to test the hypothesis that tweets can correlate not only with changes in stock market indices, but also with a decrease or decrease in the price of bitcoin. It turned out that the accuracy of predicting the dynamics of the price of bitcoin by the clock in this case is 59%.
A group of scientists from a number of scientific schools in the United States also thought about the impact of social media on changing the price of bitcoin. As a result of the study, they came to the conclusion that social media is an important indicator of bitcoin profitability in the future. Meanwhile, experts from Sweden, Linus Roxberg and Simon Shadman, pay attention to the fact that when analyzing the moods on social networks, it should be borne in mind that most of the cryptocurrency trading takes place in Asian countries, which means that it is worth giving more weight to social media messages. this region.
At the same time, a study conducted by another Swedish scientist, Evita Stenquist and Jacob Lenne, rightly indicates that one of the key factors in the accuracy of predictive patterns in the behavior of bitcoin prices is an analysis of the relevance of tweets that fall into the forecast. At the same time, their test model showed high accuracy in predicting the behavior of the price of bitcoin depending on the mood of messages on Twitter – 83% of the forecasts were correct. And across the cryptocurrency market, the test model worked with a slightly lower probability of a successful forecast – 79%.
All this suggests that difficulties in building accurate predictive models arise even when analyzing the oldest cryptocurrency – bitcoin, and when you turn on various other cryptocurrencies, they can increase. In addition, along with an increase in the flow of funds from institutional investors, the correlation of tweets and the dynamics of the cryptocurrency market may weaken.
But for now, one can agree with what eToro experts say:
“People’s moods are the most important driver for cryptocurrency price movements.”
Meanwhile, there is a nuance in using the assessment of such sentiments on Twitter: despite the system of rejecting irrelevant tweets, the head of marketing at Rice University Utpal Dolakia fears that Twitter messages can be used quite easily by traders to “raise prices” of cryptocurrencies.

Google Trends and Bitcoin

We cannot but pay attention to the indicators of the frequency of requests for a particular cryptocurrency in Google. For example, the lack of bitcoin in the new eToro and TIE product looks logical, given the fact that recently Google Trends shows a low level of requests for the word “bitcoin”. However, here traders need to consider two nuances:
  1. First of all, you need to remember that the cost of altcoins is moving significantly in the same direction as the price of bitcoin, which means that even if you do not include the first cryptocurrency in the cryptocurrency portfolio, you still need to make a forecast of its value.
  2. Secondly, the dynamics of Google Trends shows that while on June 26, for the first time in a year and a half, the price of bitcoin reached $ 13,000, this day turned out to be the most record one in terms of the number of requests to Google for the word “bitcoin”. However, an increase in the number of such requests could be observed as early as June 8.

Index of fear and greed

In addition to the presented portfolio with built-in tweet analysis tools, as well as Google Trends, in your investment strategies you can focus on the cryptocurrency indicator of the fear / greed index (Crypto Fear & Greed Index). When this index shows a high level of “fear”, this means that there is an opportunity to enter the cryptocurrency market. If “greed” dominates, then the market is likely to go down. Of course, this is a common tool for an investor, without advice for buying or selling a particular cryptocurrency. But given that with the growth of the cryptocurrency market, the cost of bitcoin also goes up, this indicator can be used as one of the tools for building an investment strategy based on the oldest cryptocurrency.
It is curious that the “fear / greed” indicator relies only on moods on social media for 15%, as it also has other interesting components, namely:

Significance of the Bitcointalk and Reddit Platforms

It is worth noting that, in addition to Twitter, there are other social platforms where there is an active discussion of cryptocurrency topics, in particular, Bitcointalk and Reddit. Despite being inferior to Twitter in influencing the mood of the crypto community, the correlation of messages on these platforms would also be worth analyzing. Attempts to do this have already been made by Augmento experts, who noted that FOMO (fear of missed opportunities) is most pronounced on Twitter and the Bitcointalk forum, but to a lesser extent on the Reddit website. Moreover, the rise in the cost of bitcoin in the first half of this year, analysts associated with an unusually large manifestation of FOMO on Bitcointalk.

The main conclusion from the discussion of cryptocurrencies

The study of what they wrote in social media and in the media, including classic ones, about cryptocurrencies was devoted to a large-scale study conducted by Comparitech and covering the period from January 2017 to July 2019. The main conclusion that can be drawn from this analysis is that at all sites where they talk about cryptocurrencies, most of the messages and articles carry a positive tone.
And this allows us to make the following important conclusion: a consensus has already been formed in the world that cryptocurrencies are a phenomenon that will develop and become one of the main factors shaping the future of mankind. This means that in the long run, those associated with this market are doomed to success.
submitted by btcxlab to algotrading [link] [comments]

Crypto Investing Guide: Useful resources and tools, and how to create an investment strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
Many people entered recently at a time when the market was rewarding the very worst type of investment behavior. Unfortunately there aren't many guides and a lot of people end up looking at things like Twitter or the trending Youtube crypto videos, which is dominated by "How to make $1,00,000 by daytrading crypto" and influencers like CryptoNick.
So I'll try to put together a guide from what I've learned and some tips, on how to invest in this asset class. This is going to be Part 1, in another post later I'll post a systematic approach to valuation and picking individual assets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. Its not because we are seeing any mass increase in adoption or actual widespread utility with cryptocurrency. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.
How to set a realistic ROI target
How do I set my own personal return target?
Basically I aim to achieve a portfolio return of roughly 385% annually (3.85X increase per year) or about 11.89% monthly return when compounded. How did I come up with that target? I base it on the average compounded annual growth return (CAGR) over the last 3 years on the entire market:
Year Total Crypto Market Cap
Jan 1, 2014: $10.73 billion
Jan 1, 2017: $615 billion
Compounded annual growth return (CAGR): (615/10.73)1/3 = 385%
My personal strategy is to sell my portfolio every December then buy back into the market at around the beginning of February and I intend to hold on average for 3 years, so this works for me but you may choose to do it a different way for your own reasons. I think this is a good average to aim for as a general guideline because it includes both the good years (2017) and the bad (2014). Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio. If you want to try for a higher CAGR than about 385% then you will likely need to go into more highly speculative picks. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable.
As the recent January dip showed while the core cryptos like Bitcoin and Ethereum would dip an X percentage, the altcoins would often drop double or triple that amount. Its a very fragile market, and the type of dumb behavior that people were engaging in that was profitable in a bull market (chasing pumps, going all in on a microcap shillcoin, having an attention span of a squirrel...etc) will lead to consequences. Just like they jumped on the crypto bandwagon without thinking about risk adjusted returns, they will just as quickly jump on whatever bandwagon will be used to blame for the deflation of the bubble, whether the blame is assigned to Wall Steet and Bitcoin futures or Asians or some government.
Nobody who pumped money into garbage without any use case or utility will accept that they themselves and their own unreasonable expectations for returns were the reason for the gross mispricing of most cryptocurrencies.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month).
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoMarkets [link] [comments]

Trying to keep myself away from FOMO-ing into every bull trap, maybe helpful for others

Sup,
after FOMO-ing into some recent bull traps repeatedly in January I started to gather information all around the crypto scene and built some tools out of it.
First of all, I started to conduct weekly surveys on StrawPoll for an overall sentiment of crypto investors. The idea behind those polls was that when everybody is bullish on Bitcoin and expects the market to rise, most of the participants are already invested and there is less money available to bring the price to a new level (of course a number of around 1,000-2,000 voters is marginal compared to the whole market participants, but I'm expecting to grow these numbers). On the other hand, if people expect the market be bearish, I'm concluding that many people are waiting on the sidelines to find a perfect timing to enter the market again. Thus, the market has potential to do the opposite and will rise again.
In addition to that, I'm crunching the usual Reddit/Twitter Sentiment numbers about positive/negative headlines into a "Fear" or "Greed" influence by the news or media sites.
Also, panic-selling drops or FOMO-caused jumps will be analyzed and added to the formula.
An example image of the outcome of my calculations on imgur is here: https://i.imgur.com/OcAps8a.png
All in all, it helps me to stop placing random buy orders in bullish trends just to be disappointed about the next drop. I'm happy to hear some of your ideas for enhancements or tips to make it even better. Cheers!
TL;DR: All information I'm gathering is resulting in a Crypto Fear & Greed Index (https://alternative.me/crypto/fear-and-greed-index/). Details below.
submitted by grex__ to Bitcoin [link] [comments]

Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears

Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears


Fears of a U.S. recession have resurfaced over the last two days and the resulting risk aversion is bringing a boost to gold. For bitcoin, though, it’s a different story.
The U.S. Institute of Supply Management said Tuesday its manufacturing index fell to a 10-year low of 47.8 percent last month from 49.1 percent in August. A below-50 reading indicates contraction in manufacturing activity.
The gloomy data suggests a boosted risk of a recession in 2020, as seen in the chart below tweeted by popular analyst Holger Zschaepitz.

  • The probability of the U.S. economy falling into a recession next year is now greater than 40 percent.
  • The Treasury yield curve (U.S. bonds) is pricing in a 60 percent chance of recession, according to the JPMorgan data.
The threat of a recession has sent global equities lower. Notably, the Dow Jones Industrial Average plummeted more than 450 points in day two of a sell-off.
Meanwhile, gold has risen from $1,460 to $1,500 per ounce in the last 48 hours and is now looking to extend gains. The yellow metal, a classic safe haven asset, is clearly benefiting from the recession concerns and the resulting risk aversion.
Bitcoin, however, has been largely trapped in a $8,200–$8,500 range since Tuesday. In fact, the top cryptocurrency’s bounce from recent lows near $7,700 has run out of steam near the 200-day moving average (MA) resistance at $8,483 over the last 48 hours.
The lack of demand for bitcoin as a safe haven asset amid the economic worries appears to contradict the argument often put forward by many observers that the cryptocurrency is digital gold.
Many investors also consider BTC as a store of value and a hedge against the aggressive expansionary monetary policies adopted by the major central banks. The odds of Federal Reserve delivering 2019’s third interest rate cut in October have gone up from 40 to 64 percent over the last two days, according to CME’s FedWatch tool.
Even so, BTC is struggling to find bids. In fact, the cryptocurrency fell from $10,000 to $8,000 in September despite the European Central Bank’s decision to cut rates by 10 basis points to -0.50 percent.
These factors suggest BTC is yet to take over the role of a classic safe haven and remains a largely uncorrelated asset.
The situation may change in the future, though, if traditional investor participation in the cryptocurrency market increases. After all, BTC seems to have all the properties of haven assets. For instance, it is not linked to government currencies and is deflationary in nature, which gives it an innate value, like rare metals, as noted by Reuters.
As for the next 24 hours, the probability of BTC falling below $8,000 is high, as per the technical charts.

Daily and 4-hour charts


On Tuesday, bitcoin created a doji candle — a sign of indecision — at the 200-day moving average, aborting the corrective bounce from recent lows near $7,700.
A convincing move above the 200-day MA, currently at $8,483, would invite stronger buying pressure, as discussed earlier this week.
A break above the key average looks unlikely, however, as the 4-hour chart (above right) is reporting a failed double bottom breakout — Tuesday’s move above the trendline was short-lived. The failed breakout indicates the sentiment is still quite bearish and validates the price-negative readings on the longer duration indicators.
The 4-hour chart relative strength index has fallen back below 50, indicating bearish conditions. As a result, a fall back to levels below $8,000 looks likely.
If the 200-day MA is breached, a quick move to$8,900 could be seen, as the daily chart MACD histogram is producing higher lows — a sign of weakening bearish momentum.
Overall, the outlook will remain bearish as long as prices are trading below $9,097.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Bitcoin image via CoinDesk Archives; charts by Trading View
submitted by GTE_IO to u/GTE_IO [link] [comments]

BITCOIN Sentiment TOO BEARISH? One Final DUMP Possible Before MASSIVE BTC RALLY!? Cryptocurrency Social Sentiment BNC Market Hack - Sentiment All Important In Crypto Markets Bitcoin Market Sentiment BTC Price Reading Bitcoin Sentiment  Long vs Short Positions - YouTube

Bitcoin Twitter Sentiment Analysis. Program that analyzes sentiment of recent tweets related to Bitcoin and provides recommendation suitable to Bitcoin extremist's point of view. This is not a financial advice or financial advise generating program. :) It utilizes vader sentiment analysis tool, tweepy api and a FUD wordlist prepared from past few years of experience in the cryptoo market ... Twitter or rather Twitter sentiment analysis can potentially act as an instrument to be able to determine trade patterns and Bitcoin price prediction. This social media platform could thereby provide information indicative of users’ emotions and feelings. Yet, the question remains: How could prices be predicted in this manner? Speaking in terms of investment, irrespective of whether it’s ... Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels - its highest in three years - triggered by the cryptocurrency's Positive investor sentiment about bitcoin (BTC ... Positive investor sentiment about bitcoin on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows.According to crypto data company The Tie, the 30-day average daily sentiment score is at an all-time high since 2017.. The “score” typically measures the difference between positive and negative BTC ... Today the Fear & Greed index on crypto is neutral, indicating that Bitcoin sentiment is perhaps not that positive, despite the good news on BTC. Although BTC's price is rising and the predictions of large traders are positive, the Fear & Greed index does not reflect this data. Buy crypto; Blockchain. All; Regulation; Security ; Events; Interview. 21 heads: Brock Pierce featured in a new NFT ...

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BITCOIN Sentiment TOO BEARISH? One Final DUMP Possible Before MASSIVE BTC RALLY!?

The first video in my sentiment reading series. This video covers how to analyze long vs short margin positions using two rules. The 60%/40% rule and the pos... #Bitcoin sentiment is extremely bearish right now. Maybe a little too much so? One final shakeout possible before massive $BTC rally, why #BTC will never hit... Social Sentiment can be a phenomenal method in predicting coin reversals and in determining the amount of public interest over time in a cryptocurrency. There are 5 online tools (all free) that I ... SentiTweet is a sentiment analysis tool for identifying the sentiment of the tweets as positive, negative and neutral.SentiTweet comes to rescue to find the sentiment of a single tweet or a set of ... In this episode of the Market Hack, BNC market's analyst Aditya Das talks about the importance of social sentiment in relation to crypto prices - and introduces BNC's weekly Bitcoin Twitter ...

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