BTCUSD — Bitcoin Chart and Price — TradingView

Chart: When Bankers took control of the Dollar vs When Bankers got control of Bitcoin. History Repeating

Chart: When Bankers took control of the Dollar vs When Bankers got control of Bitcoin. History Repeating submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BTC/USD vs LTC/BTC chart. I guess the dollar is crashing even harder against Litecoin the Bitcoin. (r/BitcoinMarkets x-post)

BTC/USD vs LTC/BTC chart. I guess the dollar is crashing even harder against Litecoin the Bitcoin. (BitcoinMarkets x-post) submitted by _CapR_ to CryptoMarkets [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Why Bitcoin is Superior to Gold

There is a constant war being fought between goldbugs, like Peter Schiff, and Bitcoin enthusiasts so I decided to make an outline, with links, comparing and contrasting gold and Bitcoin. I made this in November of 2019 (thus the information therein is based on figures from that time) but, being scatter brained, neglected to post this for the Bitcoin community to see. The yardsticks I used to compare the two assets included the following: shipping/transactions costs, storage costs, censorship factor, settlement time, stock to flow, blockchain vs clearing house, validation, etc. I will also touch on Roosevelt's gold confiscation executive order in 1933, transporting gold during the Spanish Civil War in 1936, and the hypothetical cost for Venezuela to repatriate its gold more recently.
I will provide a brief summary first then follow that with the outline I made. This information can be used as a tool for the Bitcoin community to combat some of the silly rhetoric coming from goldbugs such as Peter Schiff and James Rickards. I would like to make it clear, however, that I am not against gold and think that it performed its role as money very well in a technologically inferior era, namely Victorian times but I think Bitcoin performs the functions of money better than gold does in the current environment.
I have been looking to make a contribution to the Bitcoin community and I hope this is a useful and educational tool for everyone who reads this.
Summary:
Shipping/transaction costs: 100 ounces of gold could be shipped for 315 dollars; the comparable dollar value in Bitcoin could be sent for 35 dollars using a non-segwit address. Using historical precendent, it would cost an estimated $32,997,989 to transport $1 billion in gold using the 3.3% fee that the Soviets charged the Spaniards in 1936; a $1 billion Bitcoin transaction moved for $690 last year by comparison. Please note that the only historic example we can provide for moving enormous sums of gold was when the government of Spain transported gold to Moscow during the Spanish Civil War in 1936. More information on this topic will be found in the notes section.
Storage costs: 100 ounces of gold would require $451 per year to custody while the equivalent value of Bitcoin in dollar terms could be stored for the cost of a Ledger Nano S, $59.99. $1 billion USD value of gold would cost $2,900,000 per year while an Armory set up that is more secure would run you the cost of a laptop, $200-300.
Censorship factor: Gold must pass through a 3rd party whenever it is shipped, whether for a transaction or for personal transportation. Gold will typically have to be declared and a customs duty may be imposed when crossing international borders. The key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult. $46,000 of gold was seized in India despite the smugglers hiding it in their rectums.
Settlement time: Shipping gold based on 100 ounces takes anywhere from 3-10 days while Bitcoin transactions clear in roughly 10 minutes depending on network congestion and fee size.
Historic confiscation: Franklin Roosevelt confiscated and debased the paper value of gold in 1933 with Executive Order 6102. Since gold is physical in nature and value dense, it is often stored in custodial vaults like banks and so forth which act as a honeypot for rapacious governments.
Stock to flow: Plan B's stock to flow model has become a favorite on twitter. Stock to flow measures the relationship between the total stock of an asset against the amount that is produced in a given year. Currently gold still has the highest value at 62 while Bitcoin sits at 50 in 2nd place. Bitcoin will overtake gold in 2024 after the next halving.
Blockchain vs clearing house: gold payments historically passed through a 3rd party (clearinghouse) in order to be validated while Bitcoin transactions can be self validated through the use of a node.
Key Takeaway from above- Bitcoin is vastly superior to gold in terms of cost, speed, and censorship resistance. One could theoretically carry around an enormous sum of Bitcoin on a cold card while the equivalent dollar value of gold would require a wheelbarrow...and create an enormous target on the back of the transporter. With the exception of the stock to flow ratio (which will flip in Bitcoin's favor soon), Bitcoin is superior to gold by all metrics covered.
Notes:
Shipping/transaction costs
Gold
100 oz = 155,500. 45 x 7 = $315 to ship 100 oz gold.
https://seekingalpha.com/instablog/839735-katchum/2547831-how-much-does-it-cost-to-ship-silver-and-gold
https://www.coininvest.com/en/shipping-prices/
211 tonnes Venezuela; 3.3% of $10.5 billion = 346,478,880 or 32,997,989/billion usd
http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/ (counter party risk; maduro; quotes from article)
Bitcoin
18 bitcoin equivalent value; 35 USD with legacy address
https://blockexplorer.com/
https://bitcoinfees.info/
1 billion; $690 dollars
https://arstechnica.com/tech-policy/2019/09/someone-moved-1-billion-in-a-single-bitcoin-transaction/
Storage costs
Gold
.29% annually; https://sdbullion.com/gold-silver-storage
100 oz – $451/year
$1 billion USD value – $2,900,000/year
Bitcoin
Ledger Nano S - $59.00 (for less bitcoin)
https://shop.ledger.com/products/ledger-nano-s/transparent?flow_country=USA&gclid=EAIaIQobChMI3ILV5O-Z5wIVTtbACh1zTAwqEAQYASABEgJ5SPD_BwE
Armory - $200-300 cost of laptop for setup
https://www.bitcoinarmory.com/
Censorship factor (must pass through 3rd party)
Varies by country
Gold will typically have to be declared and a customs duty may be imposed
Key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult
$46,000 seized in India
https://www.foxnews.com/travel/indian-airport-stops-29-passengers-smuggling-gold-in-their-rectums
Settlement time
Gold
For 100 oz transaction by USPS 3-10 days (must pass through 3rd party)
Bitcoin
Roughly 10 minutes to be included in next block
Historic confiscation-roosevelt 1933
Executive Order 6102 (forced spending, fed could ban cash, go through and get quotes)
https://en.wikipedia.org/wiki/Executive_Order_6102
“The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse”
Stock to flow; https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 (explain what it is and use charts in article)
Gold; SF of 62
Bitcoin; SF of 25 but will double to 50 after May (and to 100 in four years)
Blockchain vs clearing house
Transactions can be validated by running a full node vs. third party settlement
Validation
Gold; https://www.goldismoney2.com/threads/cost-to-assay.6732/
(Read some responses)
Bitcoin
Cost of electricity to run a full node
Breaking down Venezuela conundrum; http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/
“The last (and only) known case of this kind of quantity of gold being transported across state lines took place almost exactly 75 years ago, in 1936, when the government of Spain removed 560 tons of gold from Madrid to Moscow as the armies of Francisco Franco approached. Most of the gold was exchanged for Russian weaponry, with the Soviet Union keeping 2.1% of the funds in the form of commissions and brokerage, and an additional 1.2% in the form of transport, deposit, melting, and refining expenses.”
“Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated. “It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.”
“So maybe Chávez intends to take matters into his own hands, and just sail the booty back to Venezuela on one of his own naval ships. Again, the theft risk is obvious — seamen can be greedy too — and this time there would be no insurance. Chávez is pretty crazy, but I don’t think he’d risk $12 billion that way.”
“Which leaves one final alternative. Gold is fungible, and people are actually willing to pay a premium to buy gold which is sitting in the Bank of England’s ultra-secure vaults. So why bother transporting that gold at all? Venezuela could enter into an intercontinental repo transaction, where it sells its gold in the Bank of England to some counterparty, and then promises to buy it all back at a modest discount, on condition that it’s physically delivered to the Venezuelan central bank in Caracas. It would then be up to the counterparty to work out how to get 211 tons of gold to Caracas by a certain date. That gold could be sourced anywhere in the world, and transported in any conceivable manner — being much less predictable and transparent, those shipments would also be much harder to hijack. How much of a discount would a counterparty require to enter into this kind of transaction? Much more than 3.3%, is my guess. And again, it’s not entirely clear who would even be willing to entertain the idea. Glencore, perhaps?”
“But here’s one last idea: why doesn’t Chávez crowdsource the problem? He could simply open a gold window at the Banco Central de Venezuela, where anybody at all could deliver standard gold bars. In return, the central bank would transfer to that person an equal number of gold bars in the custody of the Bank of England, plus a modest bounty of say 2% — that’s over $15,000 per 400-ounce bar, at current rates. It would take a little while, but eventually the gold would start trickling in: if you’re willing to pay a constant premium of 2% over the market price for a good, you can be sure that the good in question will ultimately find its way to your door. And the 2% cost of acquiring all that gold would surely be much lower than the cost of insuring and shipping it from England. It would be an elegant market-based solution to an artificial and ideologically-driven problem; I daresay Chávez might even chuckle at the irony of it. He’d just need to watch out for a rise in Andean banditry, as thieves tried to steal the bars on their disparate journeys into Venezuela.”
submitted by cornish_roots to Bitcoin [link] [comments]

Prepping for a Financial crisis / hyperinflation.

So what can we do about it? Any ideas are welcome.
It has a lot of "what if's"... It depends how tax and law play out with it.Historically speaking:
  1. -I stock bulk diesel for my cars while following historical averages to buy cheap.
  2. -Rotating food stock
  3. -Extra maintenance items, including the big things like a roof on your home if its coming time. Not joking I have a spare water heater and backup heating options, along with minor parts and filters to fix them. Same with cars and engines, (spark plugs, filters (all different filters), oil, cheap sensors that usually go bad and are only 4-10$ each, 1-2 extra alternator per vehicle, belts, mowing belts, bearings, grease, ... and I've literally had to use everything on that list and reorder.)
  1. -Security, Locks, Alarms, Cameras, people steal.
  2. A deep freezer for instance can stock food you use and buy on sale.
  3. Solar energy and solar heating supplements energy you use anyways
  4. Rainwater can be collected and used rather than buying from a source.
  5. A cooking gadget vs eating out.
  6. Tools and learning to fix things vs hire.
  7. House insulation.-Better insulative windows, and sealing.
  8. Geo-Thermal
  9. Gardening
  10. Bidet on toilet (lol serious though...)
  11. Backup power
  12. Your education can be a huge one, not just for prepping but also in your work.
  13. Things that prevent rot, fire, flood / humidity, or failure. Humidity is a silent killer to many preps. (water sump pumps, dehumidifiers, leak prevention, fire extinguishers / sprinklers, )
submitted by AntiSonOfBitchamajig to preppers [link] [comments]

What will undoubtedly happen from a macroeconomic (big picture) perspective... idiots

OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That's a lot of printing, you idiots probably expect inflation. Wrong, step away from the US and look at what other countries are doing, the ECB (European Central Bank) and BOJ (Bank of Japan) are having to print trillions of dollars worth of EURO and YEN to keep their economies going, along with every other country getting pounded. Not only that, but since the US dollar makes up 70% of global transactions, in liquidity terms, trillions worth of euro and yen is MUCH MUCH more than any amount Jpow feels like printing, there's no way our printing could offset what the rest of the world is doing, so inflation isn't coming. If you want proof, just look at the euro/usd (going lower) and literally ANY emerging market currency is getting absolutely clapped vs the dollar.

Furthermore, not only is US corporate debt at an all time high, but emerging markets, the eurozone, and asia has borrowed more dollars than ever before at any point in history, basically everyone around the world's debt is denominated in US DOLLARS. So what's about to happen? It's already happening, demand for US dollars is going up because everyone around the world wants to borrow more to offset cash flow concerns and pay off existing debts, which will cause the dollar to increase in value. What happens when the whole world has debt in dollars and the dollar goes up in value? DEBT BECOMES MORE EXPENSIVE. This is DEFLATION, and in particular and even more terrifying DEBT DEFLATION, a phrase that would make Jpow absolutely shit himself (and he knows its coming). This has already started before the whole beervirus nonsense, look at Venezuela and Zimbabwe, they had too much dollar debt, no one wanted to lend to them anymore and whoops, their currency is worthless now. It's going to be like a game of musical chairs for people trying to get access to dollars, starting with emerging markets and eventually moving into the more developed economies. The result: massive corporate bankruptcies, countries defaulting on debt (devaluing their currencies) and eventually a deleveraging of massive proportions. This WILL occur and no amount of printing can stop it, it's already too far gone.

It doesn't matter what the stock market does, other markets around the world will be fucked, honestly it might cause the market to go up because of all the money fleeing other countries trying to find a safe place to live. Here are the plays assholes. TLT will go up because no matter what Jpow says, he doesn't control the fed funds rate, the market does, and US treasury bond yields have already priced in bonds going negative. CPI shows that we may see up to -3% inflation (3% deflation), meaning at .25% fed funds rate, the REAL rate is 3.25%, that is the worst thing possible during a deleveraging because it makes it harder to stimulate the economy, the fed has no choice, rates MUST go lower. Rates go lower, bond prices go up, TLT 12/18 $205c. Remember how I said scared foreign money will want to find a nice safe place to go when we go into the biggest debt crisis the world has seen in over 300 years? GLD 12/18 $240c. Finally, the dollar will rise in value as well so UUP 12/18 $28c.

As far the actual market, we hit a high of SPY 339.08 in February, fell to a low of 218.26 by mid March, and have since then retraced EXACTLY to the 61.8% Fibonacci retracement level at 290, and started to bounce lower from there. I'm no technical analyst, but I do know history. During the greatest crashes in stock market history, 1929, 2001, 2008, the Nikkei in 1989 (Japan) this exact same thing happened, market got scared and fell to lows, then smoked that good hopium for a few weeks or month to retrace between 50% and 61.8% back to previews highs, then absolutely fell off a cliff. If you don't believe me, go look at the charts. Now, I'm personally not going to be betting on the US market falling because of the fact that its just straight up not reflecting reality and there are much better ways to trade on what's occurring (see trades above), but I PROMISE, that we will not be seeing new highs at any point any time soon.

TLDR; The world is going to shit due to the dollars over-dominance of the world market, we will soon see the worst deleveraging in human history, and may very well have to come up with a new fiat money system (probably not bitcoin, but it wouldn't hurt to have some). TLT 12/18 $205c, GLD 12/18 $240c, and UUP 12/18 $28c. If you wanna be an autist and buy weeklys, I can't help you, but I basically just gave you the next big short, so you're welcome.

DISCLAIMER: I didn't say what price to buy at for a reason, timing is extremely important for trades like this, so don't FOMO in and overpay, you will get clapped.
submitted by Rezuwrecked_ to wallstreetbets [link] [comments]

Some Basics Of Bitcoin

For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its introduction in early 2009. It has risen steadily since and has hovered around $4000 per Bitcoin recently. So regarding Bitcoin value or the Bitcoin rate this is a most remarkable appreciation of value and has created many, many millionaires over the last eight years.
The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in its purchase along with other Asian countries. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in that country. That action drove the value of Bitcoin down for a short time but it soon surged back and is now close to its previous value.
The Bitcoin history chart is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be "virtual gold" and released the first Bitcoin software in early 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold had to have a finite supply. So in creating it they capped the supply at 21 million Bitcoin.
Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, government decides when and where to print and distribute it. With Bitcoin, "miners" use special software to solve complex mathematical problems and are issued a certain number of Bitcoin in return.
A question that then arises is, is Bitcoin mining worth it. The answer is NO for the average person. It takes very sophisticated knowledge and a powerful computer system and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in past years.
Many wonder, who accepts Bitcoin? This question gets asked in various ways, what are stores that accept bitcoin, what are websites that accept bitcoins, what are some retailers that accept bitcoin, what are some places that accept bitcoin and where can I spend bitcoin.
More and more companies are beginning to see the value of accepting cryptocurrencies as a valid payment option. Some major companies that do are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others.Two major holdouts at this time are Walmart and Amazon.
Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many wonder at the question of Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity but still ranks far behind Bitcoin in usage, acceptance and value.
A question that often comes up often relates to Bitcoin scam. This author has a friend who made a purchase from a company that promised 1-2% growth per day. The company website listed no contact information and after a couple months the website simply vanished one day and my friend lost all the money he had invested which was several thousand dollars.
One has to know how to buy Bitcoins, how to purchase Bitcoin or how to buy Bitcoin with credit card in order to get started. Coinbase is a very popular site to do this. Their fee is 3.75% and the buying limit is $10,000 per day. This would probably be the easiest way to buy bitcoins.
Others would like to buy Bitcoin with debit card. Coinbase also provides this service and has clear step by step instructions on how to proceed with either your debit or credit card.
There are those who would like to buy Bitcoin instantly. This can be done at Paxful, Inc. and can be done through W. Union or any credit/debit card.
Other common questions that come up are what is the best way to buy Bitcoins, the best way to get bitcoins or where to buy bitcoins online. The easiest way is probably to purchase it through a digital asset exchange like the previously mentioned Coinbase. Opening an account with them is painless and once you link your bank account with them you can buy and sell Bitcoin quite easily. This is quite likely also the best place to buy Bitcoins.
One must know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store a collection of Bitcoin privacy keys. Typically it is encrypted with a password or otherwise protected from unauthorized access.
There are several types of digital wallets to choose from. A web wallet allows you to send, receive and store Bitcoin though your web browser. Another type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets which are designed for use by a mobile device.
A question that occasionally comes up is that of Bitcoin stock or how to buy Bitcoin stock. By far the most common way to proceed in this area is to buy Bitcoin directly and not its stock.
There is one entity called Bitcoin Investment trust which is an investment fund that is designed to track the market flow of Bitcoin. Some analysts however are calling this a risky way to become involved in this marketplace.
The Bitcoin exchange rate USD is a closely watched benchmark both on a daily basis and long term over the last 8 years since its introduction to the world's financial marketplace. A popular company to receive the most current rate in Bitcoin valuation is XE. They show Bitcoin to USD valuation and also the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin to USD chart. If you ask, "How much is one Bitcoin?" you will always know from their continuously updated charts.
Similar questions that come up in this area relate to the bitcoin rate history, the bitcoin price chart live, the bitcoin to dollar exchange rate, the bitcoin dollar chart and the bitcoin 5 year chart. The previously mentioned website, xe, is also a good source for answers to these questions.
Regarding Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that enables you to do this. WikiHow is another company that will take you through this process.
submitted by shomesrobery to BestBitcoinCasinosa [link] [comments]

Gold new High

For Trading JULY 28th
DKNG FALTERS
“NEW ALL-TIME HIGH FOR GOLD”
BITCOIN RALLIES
Today’s market got off to a mixed start NASDAQ higher and a somewhat subdued start for the DJIA and S&P-500, but the others caught up quickly and all rallied into the close with the DJIA +114.88 (.43%), NASDAQ +173.09 (1.67%), S&P 500 +23.78 (.74%), the Russell +17.10 (1.17%) and the DJ Transports +87.30 (.90%). Market internals continued positive with both NYSE and NASDAQ 1.5:1 higher although volume was down. DJIA was 17 up and 13 down with no major movers but AAPL adding 60 DP’s and BA losing 25. Durable goods gained 7.3% vs. 6.4 expected and that gave the market some solid underpinnings. Commodities were all higher as the U.S. Dollar continues to fall. While I think that we may get a reflex rally shortly, commodities are still cheaper than stocks.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video https://youtu.be/FDZWwDnw7qM
SECTORS: DraftKings (DKNG) really took it on the chin today as several baseball teams had players that tested positive for COVID-19. This had a snowball effect and caused a total of 5 teams cancelling games and putting into question the viability of continuing sports available for betting. The NFL is also at odds with the NFL Players association over several issues and that would clearly put into question of whether there will be a season for them also. After the deal with the SPAC to bring the company public the stock had a steady rise from the $12.00 level to a high of $44.79, a decline and a pullback and an attempt to move higher that resulted in a lower high (43.75 in June), and another decline back to 27.54 in July and another lower high of 38.84 last week and the possible start of a new decline. While the stock is a favorite of bettors without sports to bet on and the legions of new RobinHood investors, it is still an “unseasoned security” and is subject to erratic swings. It would not surprise me if baseball ends in the short term to see this one back at $24- $25. On the rise today, TSM up 12.7% on speculation that the INTC news of problems with their new chips would cause them to purchase chips from TSM. After close of $67.37 on Thursday, TSM closed up at 73.90 Friday and gapped up today to finish $83.25 +9.35 (12.7%) and is now $84.88 in after hours.
FOOD SUPPLY CHAIN was HIGHER with TSN -.32, BGS +.95, FLO +.13, CPB +.09, CAG +.36, MDLZ +1.08, KHC +.32, CALM +.84, JJSF +1.60, SAFM -1.38, HRL +.28, SJM +.72, PPC -.29, KR +.18 and PBJ $33.31 +.39 (1.19%).
BIOPHARMA was HIGHER with BIIB +15.19, ABBV +.09, REGN +26.06, ISRG +10.02, GILD +1.00, MYL +.26, TEVA +.07, VRTX +5.72, BHC +1.75, INCY +2.67, ICPT +.97, LABU +5.03 and IBB $140.05 +3.64 (2.67%).
CANNABIS: was HIGHER with TLRY +.31, CGC +1.19, CRON +.30, GWPH +2.58, ACB +.17, CURLF +.56, KERN -.05, and MJ $13.29 +.32 (2.47%).
DEFENSE: was LOWER with LMT -4.12, GD -2.17, TXT -.17, NOC -3.70, BWXT -.34, TDY -1.66, RTX -.73 and ITA $161.05 -2.19 (1.34%).
RETAIL: was LOWER with the brands higher and M -.25, JWN -.89, KSS -.86, DDS -1.08, WMT -.03, TGT -.82, TJX -.81, RL +.16, UAA +.22, LULU +10.50, TPR +.38, CPRI -.20, and XRT $46.67 +.51 (1.10%).
FAANG and Big Cap: were HIGHER with GOOGL +26.39, AMZN +49.32, AAPL +10.52, FB +3.79, NFLX +16.65, NVDA +9.97, TSLA +126, BABA +2.49, BIDU -3.17, CMG +14.74, CAT +2.80, MSFT +3.00, BA -3.61, DIS -1.26 and XLK $106.86 +1.66 (1.58%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +1.63, JPM -1.27, BAC -.16, MS +1.14, C -.26, PNC -1.92, AIG -.46, TRV -1.65, AXP +.67, V +2.40, and XLF $24.07 -.20 (.82%).
OIL, $41.60 +.31. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were MIXED with XLE $37.55 +.04 (.11%).
GOLD $1,931.00 +33.50. It was a continuation rally and a new recovery high of $1,897.70. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $2.67.
BITCOIN: closed $10,895 +1,280. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.15 + 1.77 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading July 15th

For Trading JULY 15th
JPM Earnings a Beat But Loan Loss Grows 875%
NASDAQ Still Weaker
MODERNA Publishes Results
Today’s market got off to a soft start and after an initial dip it started up. The exception was the NASDAQ. I went home with a few SMH puts and as that ETF fell quickly, I took a nice gain only to see it reverse and move higher with the rest of the markets. The early excitement with the DJIA futures quickly evaporated and we didn’t do much from 11:00 – 1:00 but then started higher and after a new high of day, +450 or so, we sold off from 3:00 to 3:30 before another rally to new high of day and a close +556.79 (2.13%), NASDAQ +97.74 (.94%), S&P 500 +42.30 (1.34%), the Russell +24.69 (1.76%) and the DJ Transports +159.29 (1.71%). Market internals were about as expected for an up day with the NYSE 2:1 and NASDAQ 5:3 after its lower open and rally. Volume was down slightly lower than yesterday. The DJIA showed all 30 names up with the biggest winner UNH +60DP’s (earning tomorrow morning), HD +55, AAPL and CAT +43, MCD +39, and TRV, MCD, and V all adding 30 DP’s. The strongest sectors were energy, industrials, health care and materials. Weaker were consumer discretionary and financials. The U.S. Dollar continued weak and commodities were generally higher. Economic numbers, CPI was released this morning and came in at + .6% for CPI, up from an expected .5%, and Core CPI was + .2% vs .1% expected. This meant that the numbers showed benign consume inflation, although anyone who shops in a grocery store knows that’s not the case!
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s highly informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/PcshhlWfjIc
SECTORS: JP Morgan (JPM) reported earnings that were a beat on both earnings and revenues, but after the numbers moved the stock up in early extended trading, the market started looking at the fact that JPM increased its Loan Loss provisions increased from $1.2billion to a monstrous $10.5billion, an 875% increase. The stock had traded as high as $102.50 early, a level that it never achieved in the official market session. The stock finished $98.21 +.56 (.57%). Also reporting were WFC with a loss and was $24.25 -1.16 (4.57%), C also a disappointment finishing $50.15 -2.05 (3.93%), TRV a loss but closed $118.55 +4.31 (3.77%). Delta (DAL) reported their biggest loss in history and revenues back at 1980’s levels. It fell to 26.11 -.71 (2.65%). The January high was $62.48. On the good news side, Moderna (MRNA) reported that their trial of its Covid-19 vaccine produced twice the therapeutic response of patients that had actually recovered from the disease. The stock, a star since the government gave them a grant to help with the development of the vaccine has moved from a low around $18.00 to $87.00 in May had finished the day $75.04 +3.26 (4.54%) ran up to a new high of $89.76 and is currently trading $86.38 + 11.34 or an additional 12%.
FOOD SUPPLY CHAIN was HIGHER with TSN +1.16, BGS +.80, FLO +.32, CPB +.83, CAG +1.13, MDLZ +1.20, KHC +1.01, CALM +.15, JJSF +2.19, SAFM +1.24, HRL +1.03, SJM +2.51, and PBJ $16.30 +.06 (.37%).
BIOPHARMA was HIGHER with BIIB +4.75, ABBV +2.89, REGN +27.12, ISRG +15.21, GILD -.18, MYL +.37, TEVA +.13, VRTX +9.01, BHC +.33, INCY +2.46, ICPT +.27, LABU +6.31, and IBB $116.00 +4.75 (3.46%).
CANNABIS: was HIGHER with TLRY +.17, CGC +.15, CRON +.13, GWPH +6.31, ACB -.18, CURLF -.07, KERN -.16, and MJ $13.34 +.14 (1.79%).
DEFENSE: was HIGHER with LMT +3.55, GD +.54, TXT +.78, NOC +4.15, BWXT -.42, TDY +7.52, RTX +2.04, and ITA $159.61 +2.56 (1.63%).
RETAIL: was HIGHER with M +.35, JWN +.05, KSS +.78, DDS +.75, WMT +2.84, TGT +1.77, TJX +.19, RL +2.27, UAA +.08, LULU +5.85, TPR +.10, CPRI +.09, and XRT $43.96 +.86 (2.00%).
FAANG and Big Cap: were HIGHER with GOOGL +15.77, AMZ -16.68, AAPL +8.39, FB +1.85, NFLX -4.00, NVDA +15.11, TSLA +66.84, BABA -1.19, BIDU -1.54, CMG +21.08, CAT +7.74, BA +7.51, DIS +4.88, and XLK $107.56 +1.72 (1.63%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +7.37, JPM +1.45, BAC +.23, MS +.88, C -1.23, PNC +.32, AIG +1.28, TRV +7.13, AXP +2.89, V +5.48, and XLF $23.95 +.39 (1.66%).
OIL, $40.29 +19. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, prices are trying to work higher towards $45.00. We needed a close over the previous high close of $40.83 and while we were there, we sold off to close below that number. The stocks were higher with XLE $37.00 +1.65 (4.67%).
GOLD $1,813.40 -.70. It was a continuation rally and a new recovery high of $1,829.80. I have only the NEM August 65 / 70 spread on in the Gold market while we have been back in the Silver (SLV) calls @ $ .92 from Friday. Silver rallied from a down overnight session and the calls closed $1.28 +.16. We also added a GLD 7/24 170 call position @ $1.22 that finished $1.59 +.20.
BITCOIN: closed $9,310 + 40. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $9.73 + .13 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Gold All Time High!

For Trading JULY 28th
DKNG FALTERS
“NEW ALL-TIME HIGH FOR GOLD”
BITCOIN RALLIES
Our NEM spread is still cruising
Today’s market got off to a mixed start NASDAQ higher and a somewhat subdued start for the DJIA and S&P-500, but the others caught up quickly and all rallied into the close with the DJIA +114.88 (.43%), NASDAQ +173.09 (1.67%), S&P 500 +23.78 (.74%), the Russell +17.10 (1.17%) and the DJ Transports +87.30 (.90%). Market internals continued positive with both NYSE and NASDAQ 1.5:1 higher although volume was down. DJIA was 17 up and 13 down with no major movers but AAPL adding 60 DP’s and BA losing 25. Durable goods gained 7.3% vs. 6.4 expected and that gave the market some solid underpinnings. Commodities were all higher as the U.S. Dollar continues to fall. While I think that we may get a reflex rally shortly, commodities are still cheaper than stocks.
Tonight’s closing comment video https://youtu.be/FDZWwDnw7qM
Our discord channel link is in the video description
SECTORS: DraftKings (DKNG) really took it on the chin today as several baseball teams had players that tested positive for COVID-19. This had a snowball effect and caused a total of 5 teams cancelling games and putting into question the viability of continuing sports available for betting. The NFL is also at odds with the NFL Players association over several issues and that would clearly put into question of whether there will be a season for them also. After the deal with the SPAC to bring the company public the stock had a steady rise from the $12.00 level to a high of $44.79, a decline and a pullback and an attempt to move higher that resulted in a lower high (43.75 in June), and another decline back to 27.54 in July and another lower high of 38.84 last week and the possible start of a new decline. While the stock is a favorite of bettors without sports to bet on and the legions of new RobinHood investors, it is still an “unseasoned security” and is subject to erratic swings. It would not surprise me if baseball ends in the short term to see this one back at $24- $25. On the rise today, TSM up 12.7% on speculation that the INTC news of problems with their new chips would cause them to purchase chips from TSM. After close of $67.37 on Thursday, TSM closed up at 73.90 Friday and gapped up today to finish $83.25 +9.35 (12.7%) and is now $84.88 in after hours.
FOOD SUPPLY CHAIN was HIGHER with TSN -.32, BGS +.95, FLO +.13, CPB +.09, CAG +.36, MDLZ +1.08, KHC +.32, CALM +.84, JJSF +1.60, SAFM -1.38, HRL +.28, SJM +.72, PPC -.29, KR +.18 and PBJ $33.31 +.39 (1.19%).
BIOPHARMA was HIGHER with BIIB +15.19, ABBV +.09, REGN +26.06, ISRG +10.02, GILD +1.00, MYL +.26, TEVA +.07, VRTX +5.72, BHC +1.75, INCY +2.67, ICPT +.97, LABU +5.03 and IBB $140.05 +3.64 (2.67%).
CANNABIS: was HIGHER with TLRY +.31, CGC +1.19, CRON +.30, GWPH +2.58, ACB +.17, CURLF +.56, KERN -.05, and MJ $13.29 +.32 (2.47%).
DEFENSE: was LOWER with LMT -4.12, GD -2.17, TXT -.17, NOC -3.70, BWXT -.34, TDY -1.66, RTX -.73 and ITA $161.05 -2.19 (1.34%).
RETAIL: was LOWER with the brands higher and M -.25, JWN -.89, KSS -.86, DDS -1.08, WMT -.03, TGT -.82, TJX -.81, RL +.16, UAA +.22, LULU +10.50, TPR +.38, CPRI -.20, and XRT $46.67 +.51 (1.10%).
FAANG and Big Cap: were HIGHER with GOOGL +26.39, AMZN +49.32, AAPL +10.52, FB +3.79, NFLX +16.65, NVDA +9.97, TSLA +126, BABA +2.49, BIDU -3.17, CMG +14.74, CAT +2.80, MSFT +3.00, BA -3.61, DIS -1.26 and XLK $106.86 +1.66 (1.58%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +1.63, JPM -1.27, BAC -.16, MS +1.14, C -.26, PNC -1.92, AIG -.46, TRV -1.65, AXP +.67, V +2.40, and XLF $24.07 -.20 (.82%).
OIL, $41.60 +.31. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were MIXED with XLE $37.55 +.04 (.11%).
GOLD $1,931.00 +33.50. It was a continuation rally and a new recovery high of $1,897.70. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $2.67.
BITCOIN: closed $10,895 +1,280. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.15 + 1.77 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading July 15th

JPM Earnings a Beat But Loan Loss Grows 875%
NASDAQ Still Weaker
MODERNA Publishes Results
See Gold to see some our open option positions..
Today’s market got off to a soft start and after an initial dip it started up. The exception was the NASDAQ. I went home with a few SMH puts and as that ETF fell quickly, I took a nice gain only to see it reverse and move higher with the rest of the markets. The early excitement with the DJIA futures quickly evaporated and we didn’t do much from 11:00 – 1:00 but then started higher and after a new high of day, +450 or so, we sold off from 3:00 to 3:30 before another rally to new high of day and a close +556.79 (2.13%), NASDAQ +97.74 (.94%), S&P 500 +42.30 (1.34%), the Russell +24.69 (1.76%) and the DJ Transports +159.29 (1.71%).
Market internals were about as expected for an up day with the NYSE 2:1 and NASDAQ 5:3 after its lower open and rally. Volume was down slightly lower than yesterday. The DJIA showed all 30 names up with the biggest winner UNH +60DP’s (earning tomorrow morning), HD +55, AAPL and CAT +43, MCD +39, and TRV, MCD, and V all adding 30 DP’s. The strongest sectors were energy, industrials, health care and materials. Weaker were consumer discretionary and financials. The U.S. Dollar continued weak and commodities were generally higher. Economic numbers, CPI was released this morning and came in at + .6% for CPI, up from an expected .5%, and Core CPI was + .2% vs .1% expected. This meant that the numbers showed benign consume inflation, although anyone who shops in a grocery store knows that’s not the case!
Tonight’s closing comment video https://youtu.be/PcshhlWfjIc
Our Discord forum link is in the video description..
SECTORS: JP Morgan (JPM) reported earnings that were a beat on both earnings and revenues, but after the numbers moved the stock up in early extended trading, the market started looking at the fact that JPM increased its Loan Loss provisions increased from $1.2billion to a monstrous $10.5billion, an 875% increase. The stock had traded as high as $102.50 early, a level that it never achieved in the official market session. The stock finished $98.21 +.56 (.57%). Also reporting were WFC with a loss and was $24.25 -1.16 (4.57%), C also a disappointment finishing $50.15 -2.05 (3.93%), TRV a loss but closed $118.55 +4.31 (3.77%). Delta (DAL) reported their biggest loss in history and revenues back at 1980’s levels. It fell to 26.11 -.71 (2.65%). The January high was $62.48.
On the good news side, Moderna (MRNA) reported that their trial of its Covid-19 vaccine produced twice the therapeutic response of patients that had actually recovered from the disease. The stock, a star since the government gave them a grant to help with the development of the vaccine has moved from a low around $18.00 to $87.00 in May had finished the day $75.04 +3.26 (4.54%) ran up to a new high of $89.76 and is currently trading $86.38 + 11.34 or an additional 12%.
FOOD SUPPLY CHAIN was HIGHER with TSN +1.16, BGS +.80, FLO +.32, CPB +.83, CAG +1.13, MDLZ +1.20, KHC +1.01, CALM +.15, JJSF +2.19, SAFM +1.24, HRL +1.03, SJM +2.51, and PBJ $16.30 +.06 (.37%).
BIOPHARMA was HIGHER with BIIB +4.75, ABBV +2.89, REGN +27.12, ISRG +15.21, GILD -.18, MYL +.37, TEVA +.13, VRTX +9.01, BHC +.33, INCY +2.46, ICPT +.27, LABU +6.31, and IBB $116.00 +4.75 (3.46%).
CANNABIS: was HIGHER with TLRY +.17, CGC +.15, CRON +.13, GWPH +6.31, ACB -.18, CURLF -.07, KERN -.16, and MJ $13.34 +.14 (1.79%).
DEFENSE: was HIGHER with LMT +3.55, GD +.54, TXT +.78, NOC +4.15, BWXT -.42, TDY +7.52, RTX +2.04, and ITA $159.61 +2.56 (1.63%).
RETAIL: was HIGHER with M +.35, JWN +.05, KSS +.78, DDS +.75, WMT +2.84, TGT +1.77, TJX +.19, RL +2.27, UAA +.08, LULU +5.85, TPR +.10, CPRI +.09, and XRT $43.96 +.86 (2.00%).
FAANG and Big Cap: were HIGHER with GOOGL +15.77, AMZ -16.68, AAPL +8.39, FB +1.85, NFLX -4.00, NVDA +15.11, TSLA +66.84, BABA -1.19, BIDU -1.54, CMG +21.08, CAT +7.74, BA +7.51, DIS +4.88, and XLK $107.56 +1.72 (1.63%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +7.37, JPM +1.45, BAC +.23, MS +.88, C -1.23, PNC +.32, AIG +1.28, TRV +7.13, AXP +2.89, V +5.48, and XLF $23.95 +.39 (1.66%).
OIL, $40.29 +19. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, prices are trying to work higher towards $45.00. We needed a close over the previous high close of $40.83 and while we were there, we sold off to close below that number. The stocks were higher with XLE $37.00 +1.65 (4.67%).
GOLD $1,813.40 -.70. It was a continuation rally and a new recovery high of $1,829.80. I have only the NEM August 65 / 70 spread on in the Gold market while we have been back in the Silver (SLV) calls @ $ .92 from Friday. Silver rallied from a down overnight session and the calls closed $1.28 +.16. We also added a GLD 7/24 170 call position @ $1.22 that finished $1.59 +.20.
BITCOIN: closed $9,310 + 40. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $9.73 + .13 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

Dash Competitive basket index for Monday, 15 June, 2020. Not too bad withing a very tough patch for the Alt coin sector.

Dash Competitive basket index for Monday, 15 June, 2020. Not too bad withing a very tough patch for the Alt coin sector.
The Alt sector was pretty much universally down today. Dash didn’t do too badly overall. Dollar value took a hit at $69.75.

  1. Dash outperformed 8 of the 21 cryptos listed above us on CoinPaprika (38% win rate). The 30 day SMA* is 41%
  2. Dash outperformed 5 of the 10 cryptos ranked below us (50% win rate). The 30 day SMA* is 32%.
  3. In total, Dash outperformed 13 of the top 31 cryptos (42% win rate) on the 7 day time frame. The 30 day SMA* is 38%.
  4. Bitcoin dominance gained 3/10ths at 64.5% That’s the biggest gain in 2 weeks.
  5. 7 of the top 31 cryptos beat Bitcoin (23%) on the 7 day data.
  6. On the 7 day time frame, 2 of the top 32 cryptos (6%) were in the green. Mostly stable coins and exchange tokens.
  7. On the 24 hour time frame, 0 of the top 32 (0%) cryptos were in the green. That’s the first zero I ever recorded since I started tracking this metric March 5.
  8. On the 24 hour time frame, Dash beat 16 of the top 31 cryptos (52%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period compared to the price change of other coins. Don’t invest more in crypto than you can afford to lose.
^ Dash vs the top 31 cryptos in the world. Even though the daily numbers went down (blue line) as predicted, we stayed above the moving average. But the moving average does look like it's getting tired, which is not a good sign.

https://preview.redd.it/hr78kukmp2551.png?width=1216&format=png&auto=webp&s=a3195ac87ff2f7787fe51af768c609f689656c84
The red line is the percentage of the top 32 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 32 Alt Coins that were in the green (price went up) on the 7 day time frame.
Today was down and down hard. I predict up for tomorrow, but how far up??? This is the first actual “0” I recorded on the 24 hour data since early march when I started this metric.

Red line is the percentage of the top 31 cryptos that Dash beat on the 24 hour time frame.
Blue line is the percentage of the top 31 that Dash beat on the 7 day time frame.
Yesterday I predicted this chart would go down, but make a higher low. That’s exactly what it did and it still looks like an uptrend to me. Hey, I just bring the data….the data does what it does.
submitted by solarguy2003 to dashpay [link] [comments]

Gold and Oil Rally

For Trading JUNE 5th
JUST ANOTHER MANIPULATED DAY
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another that looked like it was going to have a nice steady decline into some well establish support and take a rest. Then, with just the last 40 minutes left it managed to move from the low of the day -180 or so it rallied straight up to finish the day +11.93 (.05%). Does the Orange Emperor really think that people don’t realize that the Dow is only 30 heavily weighted stocks that are easily manipulated at whim? Not the NASDAQ -67.10 (.69%) OR THE S&P 500 -10.52 (.34%), nobody really cares about the Russell -.03 (0%), or the Transports, which never made a new high since 2018, +134.48 (1.42%). Market internals were just okay with NYSE 4:1 up and the NAZ just 1:1, although volume was up a bit. As far as the manipulation goes, there were 3 big movers, BA +79 DPs, GS +29 and TRV +24DPs. 8 of 11 S&P sectors were lower with the winner’s financials, Industrials, and materials while the biggest losers were utilities, real estate, health-care and information technology. The DJIA was split 16/14, doesn’t even matter which way (down).
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/Z7KUiEnqLMo
SECTORS: The big news was initial claims up less than expected but still up 1.88million and continuing claims 21,487 vs 20,838. When did it become so “well, it’s not as bad as we thought,” let’s take the NAZ100 to a new high? I mean, the Trade balance was “only up” another $5 billion over last month. On the earnings front we had Smartsheet (SMAR) beat on earnings and revenues but was a touch light on billings for the next Q and they took it down to $47.52 -11.56 (19.6%). Slack (WORK) also beat top and bottom, and gave solid guidance, just not solid enough and they took it to task and sent it from $40.00 to $32.00, pretty harsh, I thought.
On the defensive side, SJM reported too, it too beat but made mention that there might have been some rush buying ahead of the pandemic when PB&J looked like a good idea and sent the stock lower finishing $109.30 -5.29 (4.62%).
And last, I mentioned this in this mornings video, Genius Brands International (GNUS) a firm that produces animated TV for kids has been on a tear. It started in May @ $ .31, by 5/15 it was $1.95 and after a 10 or 11-day consolidation it took off on a 4-day run to 11.73 before closing $6.73 -1.20 after falling to 4.25 during the day.
FOOD SUPPLY: was MIXED with TSN +4.15, BGS +.38, FLO 0.04, CAG -.47, MDLZ -.80, KHC +.29, CALM +.84, JJSF +1.65, SAFM +1.65, LANC +.67, GO -.83, HRL +.06, SJM -5.39, and PBJ $32.41 -.24 (,76%).
BIOPHARMA was LOWER with BIIB -2.95, ABBV +2.11, REGN -5.74, ISRG -8.80, GILD +2.85, MYL +.12, TEVA -.12, VRTX -4.19, BHC +.25, INCY -5.03, ICPY +.33, LABU -2.45, and IBB $131.25 -1.40 (1.06%). CANNABIS: was LOWER with TLRY -.07, CGC +.08, CRON +.27, GWPH -1.23, ACB -.13, PYX -.08, NBEV -.01, CURLF +.01, KERN -.07 and MJ $14.03 -.03 (,21%).
DEFENSE was HIGHER with LMT + 1.85, GD +1.58, TXT +2.23, NOC -.21, BWXT -.85, TDY +7.34, RTX +.06, and ITA $178.80 +3.30 (1.88%).
RETAIL was MIXED with M +.40, JWN +2.07, KSS +1.35, DDS -.50, WMT -1.32, TGT -1.48, TJX -.24, RL +.24, UAA +.20, LULU -6.52, TPR +.72, CPRI +2.23, and XRT $43.32 +.14 (.32%).
FAANG and Big Cap: were LOWER with GOOGL -24.95, AMZN -16.72, AAPL -2.87, FB -3.91, NFLX -7.37, NVDA -.63, TSLA -16.46, BABA -.61, BIDU -3.15, CMG -2.71, CAT +1.87, BA +11.19, DIS +1.51, and XLK $98.90 -.73 (.73%).
FINANCIALS were HIGHER with GS +3.58, JPM +2.20, BAC +1.02, MS +1.77, C +2.47, PNC +3.29, AIG +2.06, TRV +3.53, AXP +1.34, V -3.17, and XLF $25.30 +.54 (2.18%).,
OIL, $37.41 +.12. Oil has managed to trade $37.62 today and has run into the 100-day MA and not even blinked. I will be on watch to get back into the USO puts for a move back to $30-31.00. The stocks were mixed and XLE was $41.74 +.01 (.02%).
METALS, GOLD: $1,1727.40 +22.60. After trading 1761 overnight the gold traded down to 1728 and closed near the lows. The action in the US$ is projecting higher prices for the metals, but it certainly didn’t happen today. Support is just below 1721. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,895 +240. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last night and this morning we traded over $10500 but fell all the way back to the lows. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.70 + .39 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Your heresy shall stay your feet – why you shouldn’t just invest in equities

The most popular approach to reaching FIRE here in Australia seems to be investing solely in equities, either Australian only or with some international shares as well.
It’s a strategy expounded by some of the more prominent bloggers and any questions on Reddit or the like about how to invest to reach FIRE usually get a bunch of responses talking about various equities only portfolios.
Given the great returns that shares have had historically and especially over the last 10 years or so, it’s easy to see why this is a popular strategy. Which is why I wanted to write about how it’s probably not actually going to be the best idea for most people.
Quick disclaimer: As is always the case you should not plan your finances around what some random person on the internet says. Everything which is written here is of a general nature at most and is certainly not specific professional advice for you and you should not be relying on it when making decisions. Whilst every endeavour is made to provide accurate information at the time of writing you should be talking to a licensed professional about any specific areas of your finances, taxes etc. Also, it’s going to be really embarrassing if it all goes pear shaped and you have to explain that it did so because you read about something from a random blogger. Moving on!
I live in Australia, why do I need to invest in equities in other countries?
There are certainly some very good reasons to invest in Australian shares. You don’t have to worry about currency movements as much, there aren’t any annoying forms to have to fill out so that other countries don’t tax you more than they should, you’re supporting Australian companies and workers etc.
There are also a lot of problems with this though. One of the problems that is frequently brought up is that in Australia the 10 biggest companies make up about 40% of the index. The below is from Vanguard’s factsheet for VAS and it shows that the top ten companies make up 42.0% of the ASX 300 as of 31st August.
Which is obviously a pretty big percentage, but isn’t actually that unusual globally as per the below chart. Australia is really around the middle of the pack, although a lot of the countries where the top 10 make up smaller percentages of the index have much bigger markets.
What is more of a problem to my mind at least is that so much of the Australian market is focussed on just two sectors, Financials and Materials.
The Financials sector makes up 31% of the index, and in fact the big 4 banks are about 21% of the entire index. Given that they’re almost entirely domestically focussed with few growth opportunities here and with a very large amount of their earnings coming from residential mortgages in what seems to me to be a very highly valued property market, I’m not super keen on having my money invested only in Australia.
Similarly with Materials making up about 17.5% and most of this being companies that dig stuff out of the ground and export it and are largely reliant on continued good relations with China, it doesn’t strike me as being a great growth sector either.
I could be wrong on all of this of course (and have been wrong about all sorts of investment ideas in the past) but personally I would prefer a bit more in the way of diversification and growth prospects because otherwise you’re essentially taking a bet on housing staying strong and China continuing to buy our resources.
If I look at MSCI World ex-Australia (VGS), Financials and Materials are a much smaller part of the index so by buying international equities I have a lot more diversification and I get exposure to industries which have lower representations in Australia like IT, Health Care and the like and which are probably likely to see more growth in my opinion. Again, I could be wrong about all of this but that’s part of my thinking here.
There is also some diversification benefit from investing in global equities, in that although the Australian sharemarket is likely to closely follow what global markets are doing ie if they go up or down so will the Australian market but the reverse doesn’t necessarily hold true.
So if the Australian share market has a fall due to overinflated property prices for example, stockmarkets areoudn the globe are unlikely to get hit on the back of this. So to me it makes a lot of sense to invest not just in Australian equities but International ones as well.
Why should people invest in anything other than equities?
I mentioned in my post explaining bonds that I actually have about 21% in investments other than equities. That’s a mix of cash, fixed income, REITs, and infrastructure investments.
I also talked about one of my favourite FIRE bloggers the FI Explorer having about 30% of his investments in assets like bonds, gold, and bitcoin as of his last update.
The idea of investing in those other asset classes is that hopefully when equities fall or aren’t doing much, these other assets will go up in value. Historically speaking bonds tend to go up in value when equities are falling significantly. Likewise gold tends to rise when stocks go down. I’m less convinced about Bitcoin as an investment but it’s worked as a hedge so far is my understanding, and it’s not as though it’s me who is invested in it.
As someone who has spent a lot of time studying finance for both formal qualifications and my own enjoyment (yes really) I’m very aware of the fact that equities are a pretty volatile asset class.
I’m not talking about the stupid stuff on the news about billions being wiped off or added on to the value of the sharemarket that the media loves to talk about, that’s irrelevant because what it actually means is the Australian share market went down or up 0.1% or something similar that I don’t care about.
What I do care about are the big falls in the value of the market, and thus my investments. It doesn’t actually make much of a difference to me mathematically at this point in time because I’m still a long way from hitting my FIRE number, in fact it’s actually a net benefit because I can invest at a lower price.
Psychologically though it can make a difference. I talk a lot about the math behind FIRE, but in a lot of ways the behavioural aspects are more important.
I can tell you from experience that it’s not a lot of fun seeing your net worth drop by $100k or more when the market decides to go down by double digit percentages as it did for the last quarter of 2018. As much as you might assume it’s only temporary it doesn’t feel like that at the time and you start wondering if this time is going to be different.
I would say that I’m actually far more relaxed about this stuff than most people because after 20 plus years in finance (mostly in equities/equity linked products) which includes the dot com crash, the GFC, the Greek debt crisis, the taper tantrum and all the other moves up and down over that time period I’ve got a fair idea what it feels like to see my net worth drop and be nervous about the state of the markets and my investments.
Certainly from the number of conversations I’ve had with people who freak out about a 2% drop it seems like I’m a lot calmer about the volatility of shares. Despite that I still want to reduce the chance of big falls in the overall value of my portfolio as much as possible, to have some investments which zig when equities zag so to speak.
Investments like treasury bonds are great for this, because they tend to appreciate in value when the market falls as shown in the graph below taken from this excellent post showing what bonds have done when stocks crashed over the last 30 years or so. The numbers are for the US but would likely be very similar for Oz.
The chart below from this post by one of my favourite finance bloggers (Ben Carlson at a Wealth of Common Sense) shows the performance of stocks and bonds during bear markets over the last 70 years or so, again this is for the US rather than Australia.
The same author wrote this amusing post after Bank of America declared the 60/40 (stocks/bonds) portfolio dead. 60/40 is the rule of thumb asset allocation for US investors, here in Australia your super fund will tell you they’re more like 70/30 even though they’re probably more like 90/10. Again, that’s a post for another time. In any case, as he says in the post a 60/40 portfolio gave you an 8.1% return vs 9.5% for stocks, but had 40% less volatility. I’m happy to trade some return for a lot less volatility.
My point is that although having some money in bonds is not going to be enough to stop the value of my portfolio falling a bit especially given that most of my portfolio is still made up of equities, it will hopefully be enough to stop it from being cut in half as would have been the case for equity only portfolios in the GFC.
So bonds to me are a safety net, both emotionally and financially. Having that safety net in place means that I’m more likely to be able to stay the course. However depending on the timing of any stock (or bond) market crashes they may actually help me reach my goal faster. If there is a big stock market crash right before I would have hit FIRE and bonds haven’t been too much of a drag in performance along the way, then bonds will reduce my losses and help me get to my FIRE number faster than an equity only portfolio will.
What else can you invest in to diversify?
As I mentioned above another asset which can serve well as a diversifier is gold, although personally I don’t like it because even though it has worked historically there is no real reason why it should do so. Warren Buffett has this great quote about gold. “[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” So I don’t invest in gold personally, but if others want to I can see how it makes sense based off what has happened historically.
Similary with Bitcoin which I think of as being even sillier, yes it has worked as a diversifier in the short time it has been around but it has even less utility than gold and basically is worth something only because there are a bunch of people who are willing to keep believing it is worth something. Maybe it’ll keep on working, maybe it won’t, I’m not planning on buying any either way.
As I said above I do have some other investments like property (REITs) and infrastructure as well, I don’t think these are necessarily great for helping me out if the stock market crashes but they may help a little, and in the meantime in years when the stock market goes up but not by much these may well do better for me. In fact over the last 20 years for the US, both bonds and REITs have outperformed stocks.
So maybe I should actually have more money in bonds and REITs than what I currently do!
Does diversification help when you retire?
Dan at Ordinary Dollar has done some great work on optimal asset allocation and longer retirement lengths looking at a mix of Australian and US stocks and bonds.
Combining the findings of the two posts, if you have an 80/20 portfolio you get pretty close to the same probability of a succesful retirement as 100% equities but with a lot less volatility. Sounds like a pretty good deal to me!
It also shows that a 100% allocation to Australian equities (or to US equities for that matter) is not as effective as a more diversfied portfolio, particularly over longer time frames.
The benefits of diversification
What I’m aiming for in my portfolio is a mix of assets that will go well in most circumstances without too much volatilty, and when stock markets crash won’t fall by as much. This will help me out psychologically by having smaller falls in net worth along the way so I don’t panic when markets are falling, and as I’ve said above might well get me to FIRE faster than an all equities portfolio anyway.
It will also help me when I have retired because as it turns out having some diversification actually gives me a higher likelihood of a successful retirement!
Are you all in on equities, or do you have other assets to diversify your portfolio? Has this post changed your mind?
Original post with pretty pictures and graphs here.
submitted by AussieHIFIRE to fiaustralia [link] [comments]

Gold and Oil Rally

For Trading JUNE 5th
JUST ANOTHER MANIPULATED DAY
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another that looked like it was going to have a nice steady decline into some well establish support and take a rest. Then, with just the last 40 minutes left it managed to move from the low of the day -180 or so it rallied straight up to finish the day +11.93 (.05%). Does the Orange Emperor really think that people don’t realize that the Dow is only 30 heavily weighted stocks that are easily manipulated at whim? Not the NASDAQ -67.10 (.69%) OR THE S&P 500 -10.52 (.34%), nobody really cares about the Russell -.03 (0%), or the Transports, which never made a new high since 2018, +134.48 (1.42%). Market internals were just okay with NYSE 4:1 up and the NAZ just 1:1, although volume was up a bit. As far as the manipulation goes, there were 3 big movers, BA +79 DPs, GS +29 and TRV +24DPs. 8 of 11 S&P sectors were lower with the winner’s financials, Industrials, and materials while the biggest losers were utilities, real estate, health-care and information technology. The DJIA was split 16/14, doesn’t even matter which way (down).
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/Z7KUiEnqLMo
SECTORS: The big news was initial claims up less than expected but still up 1.88million and continuing claims 21,487 vs 20,838. When did it become so “well, it’s not as bad as we thought,” let’s take the NAZ100 to a new high? I mean, the Trade balance was “only up” another $5 billion over last month. On the earnings front we had Smartsheet (SMAR) beat on earnings and revenues but was a touch light on billings for the next Q and they took it down to $47.52 -11.56 (19.6%). Slack (WORK) also beat top and bottom, and gave solid guidance, just not solid enough and they took it to task and sent it from $40.00 to $32.00, pretty harsh, I thought.
On the defensive side, SJM reported too, it too beat but made mention that there might have been some rush buying ahead of the pandemic when PB&J looked like a good idea and sent the stock lower finishing $109.30 -5.29 (4.62%).
And last, I mentioned this in this mornings video, Genius Brands International (GNUS) a firm that produces animated TV for kids has been on a tear. It started in May @ $ .31, by 5/15 it was $1.95 and after a 10 or 11-day consolidation it took off on a 4-day run to 11.73 before closing $6.73 -1.20 after falling to 4.25 during the day.
FOOD SUPPLY: was MIXED with TSN +4.15, BGS +.38, FLO 0.04, CAG -.47, MDLZ -.80, KHC +.29, CALM +.84, JJSF +1.65, SAFM +1.65, LANC +.67, GO -.83, HRL +.06, SJM -5.39, and PBJ $32.41 -.24 (,76%).
BIOPHARMA was LOWER with BIIB -2.95, ABBV +2.11, REGN -5.74, ISRG -8.80, GILD +2.85, MYL +.12, TEVA -.12, VRTX -4.19, BHC +.25, INCY -5.03, ICPY +.33, LABU -2.45, and IBB $131.25 -1.40 (1.06%). CANNABIS: was LOWER with TLRY -.07, CGC +.08, CRON +.27, GWPH -1.23, ACB -.13, PYX -.08, NBEV -.01, CURLF +.01, KERN -.07 and MJ $14.03 -.03 (,21%).
DEFENSE was HIGHER with LMT + 1.85, GD +1.58, TXT +2.23, NOC -.21, BWXT -.85, TDY +7.34, RTX +.06, and ITA $178.80 +3.30 (1.88%).
RETAIL was MIXED with M +.40, JWN +2.07, KSS +1.35, DDS -.50, WMT -1.32, TGT -1.48, TJX -.24, RL +.24, UAA +.20, LULU -6.52, TPR +.72, CPRI +2.23, and XRT $43.32 +.14 (.32%).
FAANG and Big Cap: were LOWER with GOOGL -24.95, AMZN -16.72, AAPL -2.87, FB -3.91, NFLX -7.37, NVDA -.63, TSLA -16.46, BABA -.61, BIDU -3.15, CMG -2.71, CAT +1.87, BA +11.19, DIS +1.51, and XLK $98.90 -.73 (.73%).
FINANCIALS were HIGHER with GS +3.58, JPM +2.20, BAC +1.02, MS +1.77, C +2.47, PNC +3.29, AIG +2.06, TRV +3.53, AXP +1.34, V -3.17, and XLF $25.30 +.54 (2.18%).,
OIL, $37.41 +.12. Oil has managed to trade $37.62 today and has run into the 100-day MA and not even blinked. I will be on watch to get back into the USO puts for a move back to $30-31.00. The stocks were mixed and XLE was $41.74 +.01 (.02%).
METALS, GOLD: $1,1727.40 +22.60. After trading 1761 overnight the gold traded down to 1728 and closed near the lows. The action in the US$ is projecting higher prices for the metals, but it certainly didn’t happen today. Support is just below 1721. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,895 +240. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last night and this morning we traded over $10500 but fell all the way back to the lows. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.70 + .39 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

Dash Competitive basket index for Monday, 25 May, 2020. The whole alt sector had a tough week. Dash did a bit better than average and held value pretty well.

Dash Competitive basket index for Monday, 25 May, 2020. The whole alt sector had a tough week. Dash did a bit better than average and held value pretty well.
The alt sector as a whole had a tough day and a tough week. But Dash did a bit better than average. Dollar value at 72.56.

  1. Dash outperformed 13 of the 22 cryptos listed above us on CoinPaprika (59% win rate). The 30 day SMA* is 28%
  2. Dash outperformed 4 of the 10 cryptos ranked below us (40% win rate). The 30 day SMA* is 25%.
  3. In total, Dash outperformed 17 of the top 32 cryptos (53% win rate) on the 7 day time frame. The 30 day SMA* is 27%.
  4. Bitcoin dominance had a big drop, losing 6/10ths to 64.5%
  5. 30 of the top 32 cryptos beat Bitcoin (94%) on the 7 day data.
  6. On the 7 day time frame, 5 of the top 33 cryptos (15%) were in the green.
  7. On the 24 hour time frame, 2 of the top 33 (6%) cryptos were in the green.
  8. On the 24 hour time frame, Dash beat 15 of the top 32 cryptos (47%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. As always, this is not investment advise. Do your own homework. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose.
^ Dash vs the top 32 cryptos in the world. Still looks like an uptrend. If it has any legs at all, the moving average will start turning up now.

https://preview.redd.it/qhlq5k386x051.png?width=1278&format=png&auto=webp&s=038141865e2a01b4c0362595b2bcdd1f0a4f306a
The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame.
Yesterday’s chart was indecisive. Nothing wishy washy about today’s chart. Down, and down hard. Now we wait to see how long everybody continues to lose dollar value.
submitted by solarguy2003 to dashpay [link] [comments]

Dash competitive basket index for Friday, 29 May, 2020. Meh, same as yesterday and that wasn't pretty either. At least the dollar value is stable.

Dash competitive basket index for Friday, 29 May, 2020. Meh, same as yesterday and that wasn't pretty either. At least the dollar value is stable.
Same as yesterday, Dash did poorly from a competitive perspective. Dollar value stable. Alts did pretty good and better than yesterday.

  1. Dash outperformed 3 of the 22 cryptos listed above us on CoinPaprika (14% win rate). The 30 day SMA* is 27%
  2. Dash outperformed 1 of the 10 cryptos ranked below us (10% win rate). The 30 day SMA* is 23%.
  3. In total, Dash outperformed 4 of the top 32 cryptos (13% win rate) on the 7 day time frame. The 30 day SMA* is 26%.
  4. Bitcoin dominance gdropped that 3/10ths it gained yesterday to 65.0%
  5. 13 of the top 32 cryptos beat Bitcoin (41%) on the 7 day data.
  6. On the 7 day time frame, 26 of the top 33 cryptos (79%) were in the green.
  7. On the 24 hour time frame, 27 of the top 33 (82%) cryptos were in the green.
  8. On the 24 hour time frame, Dash beat 2 of the top 32 cryptos (13%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. As always, this is not investment advise. Do your own homework. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose.
^ Dash vs the top 32 cryptos in the world. Still an ugly chart.

https://preview.redd.it/ymrhi2shqp151.png?width=1831&format=png&auto=webp&s=3a15ff235b5b90440101e9ce3a7202bd5183cbd4
The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame.
As I described yesterday, the red line (and the blue line) zoomed back up again today. Alts still enthusiastic.
submitted by solarguy2003 to dashpay [link] [comments]

Bitcoin vs dollar purchasing power cart video

Where can I find the video/gif of the purchasing power of the dollar vs the bitcoin cart?
There is a bomb and then the bitcoin cart that rides the purchasing power chart.
submitted by luc1232 to Bitcoin [link] [comments]

Dash competitive basket index for Sunday, 3 May, 2020. Meet Dash, the new stable coin.

Dash competitive basket index for Sunday, 3 May, 2020. Meet Dash, the new stable coin.
Dash, the new stable coin. A virtual repeat of yesterday. The dollar value of Dash continues to roll along at a solid $82. Dash beat nothing. Alt sector continues to go up, presumable in preparation for the Bitcoin halvening. The 24 hour chart might show an inflection point for Dash/Bitcoin. Dash won't lose forever.

  1. Dash outperformed 0 of the 20 cryptos listed above us on CoinPaprika (0% win rate). The 30 day SMA* is 49%
  2. Dash outperformed 0 of the 10 cryptos ranked below us (0% win rate). The 30 day SMA* is 53%.
  3. In total, Dash outperformed 0 of the top 30 cryptos (0% win rate). The 30 day SMA* is 50%.
  4. Bitcoin dominance picked up 2/10ths to 64.7%
  5. 3 of the top 30 cryptos beat Bitcoin (10%).
  6. On the 7 day time frame, 26 of the top 31 cryptos (84%) were in the green.
  7. On the 24 hour time frame, 19 of the top 31 (61%) cryptos were in the green.
  8. On the 24 hour time frame, Dash beat 7 of the top 29 cryptos (23%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. As always, this is not investment advise. Do your own homework. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose.
^ Dash vs the 20 cryptos listed above us. Another big fat zero. When moon?

^ Dash vs the 10 cryptos listed below us. Zero, nothing, nada, goose egg, bupkis, zilch, zippo.

^ Dash vs the top 30 cryptos in the world. Same same, zip zip.

The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame.
The red line (and the blue line for that matter) is far overdue for a big spike down, but it may have to wait for the Bitcoin excitement to die down.
submitted by solarguy2003 to dashpay [link] [comments]

MKR Holder DAI-gest: Week 17, 2020: Action Required: The State of the Peg

Action Required: The State of the Peg

MKR Holder DAI-gest: Week 17, 2020

Governance Recap April 23, 2020

![Imgur](https://i.imgur.com/Jg3loyp.gifv)
MKR Holder DAI-gest is a weekly Maker governance recap that is written by the community for the community. The best source of Maker Community information is through active participation and engagement. This supplemental publication strives to present all relevant facts and remain free of editorial opinion (Big 3 takeaway excepted). The statements made herein are not the opinions or statements of the Maker Foundation.
DAI-gest is Now Available on Amazon Alexa as a Skill. You can enable it at https://skills-store.amazon.com/deeplink/dp/B087NH82D1?deviceType=app&share&refSuffix=ss_copy for all of your Alexa compatible devices. Then say, "Alexa, Open Maker Governance Digest" and you'll hear the latest issue. Coming soon to Itunes.
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Corrections / Comments / Suggestions / Other: @adrianhacker-pdx in the Official Maker Forums or [email protected]

Big 3 Take-Aways for the Week:

Dispositioned Governance Agenda

New

Moving

Stalled

Completed

DAI Digits

Governance Polls and Executive Votes

Passed on April 20, 2020: Executive Vote Adjust the USDC, Sai and Dai Stability Fees

Passed on April 25, 2020: Executive Vote Lower USDC SF, Lower USDC LR, Whitelist Oracles, Raise Dai DC, Raise GSM Delay, Deactivate MKR Oracle in SCD

All recent polls are closed and represented in the most recent Executive Vote. Further information can be found here.

Governance Hot Topics

State of the Peg

Since the Black Thursday event of March 12, 2020, DAI has consistently been trading above the one Dollar price soft-peg it is supposed to maintain. Sometimes grossly over peg by over ten cents. In recent weeks it has been slowly trending back to a Dollar but has not quite gotten there.
Confidence has not yet fully returned regarding the recent market volatility. Also, people are holding on to stable coins due to market fears. This has caused a serious lack of DAI liquidity, creating high demand, and affecting the peg.
Prices this last week ranged from one to two cents above peg. Paraficapital, a larger corporate Maker holder in the governance community posted their concerns in the forum and related the sentiment of worry in the ecosystem regarding DAI being off the peg. This brought about immediate discussion and action regarding monetary policy and collateral on-boarding. The most recent passed Executive Vote contains monetary policy to make minting DAI more lucrative from USDC. Also, some exciting new collateral types are being considered for use in the MakerDAO platform. More on that next...

WBTC as a new collateral type?

WBTC also is known as wrapped Bitcoin is currently being evaluated by the Maker governance community to be on-boarded as approved vault collateral. Wrapped Bitcoin is Bitcoin that is held by the WBTC DAO and then tokenized 1:1 on the Ethereum (ERC-20) blockchain. Bitcoin on the Ethereum blockchain you ask!? It's already here, you can trade it on the https://Oasis.app .
Many players in the DeFi ecosystem are excited about this step. Bitcoin is the most popular and most valuable cryptocurrency. While there is a small amount of WBTC use on current DeFi platforms, it was stated that people have been waiting for Maker to adopt WBTC as a collateral type. It was also said that using WBTC as ERC-20 collateral is the primary use case for ERC-20 Bitcoin. Forum links are listed below for this subject.

Other Collateral Considerations

In addition to WBTC, LINK is being considered for on-boarding as approved vault collateral as well as additional stable coins such as PAX and TUSD. All of these collateral options are hoped to help bring back sufficient DAI liquidity and help return the DAI price peg to exactly one Dollar. Again, see below for the forum links regarding these new collateral types.

MIPS 0 - 12 Due for Initial Polling; if Passed Moving on to Executive Vote

MIPS 0 through 12 has been a high focus subject in the governance community for the last few weeks. These are the first documents that spell out a governance and collateral on-boarding framework for a self-sufficient DAO. This is the beginning of the two to three-year process of handing full control of MakerDAO to the governance community and dissolving the foundation. The very nice flow chart below shows the two possible scenarios for approval or rejection of these MIPS in the Timing Governance Poll. Forum links can be found below for further information.
![MIP Implementation Timeline](https://i.imgur.com/sny6rOf.png)

SCD Shutdown

Single Collateral DAI shutdown is very close. An Executive Vote for shutting down SCD is supposed to be posted on or shortly after April 24, 2020. There will then be a 3-week delay for shutting down. This will give time for people to close out their vaults, and hopefully drain the migration contract.
Stability fees are going to be set to zero to incentivize the closing of vaults. If you are still holding SAI as of the time it shuts down, you should be able to redeem your SAI for ETH via the migration portal at https://migrate.makerdao.com

Forum Activity and Signaling

MakerDAO Community and Governance/Risk Forums
Trending Issues in the Forum:

Weekly Governance and Risk Meeting

Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC. During the postmortem and corrective action phase of the recent crypto market prices and resulting fiasco there has been a daily call. This is expected to drop to two calls over the next week. Please check the forums for information related to ad-hoc governance and risk calls that may be happening.
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.

Events

submitted by adrianhacker to MakerDAO [link] [comments]

Dash competitive basket index for Monday, 4 May, 2020. More zeros for Dash. Altcoins also corrected as anticipated.

Dash competitive basket index for Monday, 4 May, 2020. More zeros for Dash. Altcoins also corrected as anticipated.
More zeros for Dash on the 7 day time window. Finally started to drop on dollar value as well. But for how long? The whole Alt coin sector had a correction today as anticipated in yesterday's post. See the red line on the bottom chart. Only 1 altcoin in the green on the 24 hour time frame. Dash is starting to show a little life on the 24 hour time frame, beating 43% of the top 30.

  1. Dash outperformed 0 of the 20 cryptos listed above us on CoinPaprika (0% win rate). The 30 day SMA* is 48%
  2. Dash outperformed 0 of the 10 cryptos ranked below us (0% win rate). The 30 day SMA* is 52%.
  3. In total, Dash outperformed 0 of the top 30 cryptos (0% win rate). The 30 day SMA* is 50%.
  4. Bitcoin dominance picked up another 3/10ths to 65.0%
  5. 2 of the top 30 cryptos beat Bitcoin (7%).
  6. On the 7 day time frame, 21 of the top 31 cryptos (68%) were in the green.
  7. On the 24 hour time frame, 1 of the top 31 (3%) cryptos were in the green.
  8. On the 24 hour time frame, Dash beat 13 of the top 29 cryptos (43%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. As always, this is not investment advise. Do your own homework. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose.
^ Dash vs the 20 cryptos listed above us. Yucko.

^ Dash vs the 10 cryptos listed below us. Doesn't take a rocket scientist to interpret this chart.

^ Dash vs the top 30 cryptos in the world. Yes, another zero.

The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame.
Here is the big spike down on the 24 hour data that we anticipated yesterday. Historically, it tends to bounce back up just as hard as it went down, so tune in tomorrow! Anything could happen.
submitted by solarguy2003 to dashpay [link] [comments]

Dash competitive basket index for Saturday, May 2, 2020. I guess Dash is going to correct for a while. Dollar value stable though.

Dash competitive basket index for Saturday, May 2, 2020. I guess Dash is going to correct for a while. Dollar value stable though.
Fine, Dash is going to correct for a while rather than continue the up trend. Dollar value remains stable. And we dropped a rank. Back out of the top 20.

  1. Dash outperformed 0 of the 20 cryptos listed above us on CoinPaprika (0% win rate). The 30 day SMA* is 50%
  2. Dash outperformed 0 of the 10 cryptos ranked below us (0% win rate). The 30 day SMA* is 55%.
  3. In total, Dash outperformed 0 of the top 30 cryptos (0% win rate). The 30 day SMA* is 52%.
  4. Bitcoin dominance gave up 1/10th to 64.5%
  5. 3 of the top 30 cryptos beat Bitcoin (10%). (Hex)
  6. On the 7 day time frame, 26 of the top 31 cryptos (84%) were in the green.
  7. On the 24 hour time frame, 19 of the top 31 (61%) cryptos were in the green.
  8. On the 24 hour time frame, Dash beat 7 of the top 29 cryptos (23%).
    * The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. As always, this is not investment advise. Do your own homework. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose.

^ Dash vs the 20 cryptos listed above us. Can't go down from zero

^ Dash vs the 10 cryptos listed below us. I guess we can't be the 10 below club like a drum forever. Another big fat zero win rate.

The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame.
The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame.
This chart still says the Alt coin sector isn’t done. Dash will join the party sooner or later.

^ Dash vs the top 30 cryptos in the world. Yup, 0+0 is still equal to 0. We beat nobody today.
submitted by solarguy2003 to dashpay [link] [comments]

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