So this week has probably been one of the most bullish weeks in recent times for crypto — both established and small cap coins.submitted by lewjc to CryptoMarkets [link] [comments]
Starting with a quick market overview:
Many established coins (Top 100) making huge moves in the last month alone:
Some cryptos have seen major technical price breakthroughs at key levels:
>> Ethereum breaking out of a price range after 2 years!
>> Bitcoin breaking out of a downward diagonal trend line, firmly placing itself outside of the previous downtrend.
Exchanges seeing huge rises in traffic — hitting 12-month highs:
Binance hitting a over 200,000 daily users & 1.2 million daily page views.
chart from livecoinwatch.com
Also, Binance recently hitting a 12-month trading volume high of $5.7bn, today recording a daily vol. of $5.6bn. Same goes with other exchanges like Coinbase, Kraken, + others, who have all seen a rise a traffic and overall daily trading volume.
Google Trends showing worldwide interest in cryptocurrency is at a 12-month high:
chart from Google Trends
And the overall vibe on all crypto subreddits just spells a lot of excitement and activity.
Overall sentiment (from my observations) being very bullish overall, both for established and small cap coins. It definitely seems like we're at the launchpad stage of a bull run.
Question: Where are we going to go from here? Will we soon see 2017-like parabolic rallies? Pullbacks before more uptrends?
(charts used from livecoinwatch.com and Google Trends)
Table 1: Days LeadOut of 1334 days in the analysis, Bitmex futures leads the discovery in 571 days or nearly 43% of the duration. Bitfinex leads for 501 days. Bitfinex's high number is due to its extreme dominance in the early days.
Table 2: Correlation between the close price and Exchange's dominance indexBinance, Huobi, CME, and OkCoin had the most significant correlation with the close price. Bitmex, Coinbase, Bitfinex, and Bitstamp's dominance were negatively correlated. This was very interesting. To know more, I captured a yearwise correlation.
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?submitted by mickhagen to genesisblockhq [link] [comments]
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
BinanceThe most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Can they create a cohesive & united product experience?
Binance WeaknessesBinance is strong, but they do have a few major weaknesses that could slow them down.
Binance Wrap UpI don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
CoinbaseThe crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.
Coinbase StrengthsLet’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
Coinbase WeaknessesLet’s now look at some things that could hold them back.
Coinbase Wrap UpAt Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.
Honorable MentionsOther US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.
Wrap UpCoinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
Other Ways to Consume Today's Episode:
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
|Bank Transfer||Credit / Debit card||Cash|
|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.|
|Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin||For when you need to get your game on|
|Microsoft||Xbox games, phone apps and software|
|Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay||Retail shopping with millions of results|
|ShakePay||Generate one time use Visa cards in seconds|
|NewEgg and Dell||For all your electronics needs|
|Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2||Bill payment|
|Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins||Takeout delivered to your door!|
|Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats||For when you need to get away|
|BoltVM, BitHost||VPS service|
|Cryptostorm, Mullvad, and PIA||VPN services|
|Namecheap, Porkbun||For new domain name registration|
|Stampnik and GetUSPS||Discounted USPS Priority, Express, First-Class mail postage|
|Reddit Gold||Premium membership which can be gifted to others|
|WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project||Freelancing|
|OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market||Marketplaces|
|Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW||Video Streaming|
|Bitasker, BitforTip, WillPayCoin||Tasks|
|Supload.com, SatoshiBox, JoyStream, File Army||File/Image Sharing|
|CoinAd, A-ads, Coinzilla.io||Advertising|
|Lightning Network, Amiko Pay, and Strawpay||Payment channels for network scaling|
|Blockstream and Drivechain||Sidechains|
|21, Inc.||Open source library for the machine payable web|
|ShapeShift.io||Trade between bitcoins and altcoins easily|
|Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain||Financial asset platforms|
|Hivemind and Augur||Prediction markets|
|Mediachain||Decentralized media library|
|Tierion and Factom||Records & Titles on the blockchain|
|BitMarkets, DropZone, Beaver and Open Bazaar||Decentralized markets|
|Samourai and Dark Wallet - abandoned||Privacy-enhancing wallets|
|JoinMarket||CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)|
|Coinffeine and Bitsquare||Decentralized bitcoin exchanges|
|Keybase and Bitrated||Identity & Reputation management|
|Bitmesh and Telehash||Mesh networking|
|JoyStream||BitTorrent client with paid seeding|
|MORPHiS||Decentralized, encrypted internet|
|Storj and Sia||Decentralized file storage|
|Streamium and Faradam||Pay in real time for on-demand services|
|Abra||Global P2P money transmitter network|
|bitSIM||PIN secure hardware token between SIM & Phone|
|Identifi||Decentralized address book w/ ratings system|
|Coinometrics||Institutional-level Bitcoin Data & Research|
|Blocktrail and BitGo||Multisig bitcoin API|
|Insight||Open source blockchain API|
|Leet||Kill your friends and take their money ;)|
|millibitcoin||mBTC||1,000 per bitcoin||SI unit for milli i.e. millilitre (mL) or millimetre (mm)|
|microbitcoin||μBTC||1,000,000 per bitcoin||SI unit for micro i.e microlitre (μL) or micrometre (μm)|
|bit||bit||1,000,000 per bitcoin||Colloquial "slang" term for microbitcoin|
|satoshi||sat||100,000,000 per bitcoin||Smallest unit in bitcoin, named after the inventor|
|Exchange||Batching Status||Segwit (p2sh)||Send to bech32|
|SegWit Enabled Wallets||Wallet Type|
|Ledger Nano S||Hardware|
|bc1.... (Segwit)||No (no support for them yet)|
|3... address (Segwit)||to…|
|bc1.... (Segwit)||No (no support for them yet)|
|bc1... address (Segwit)||to…|
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."Monero provides Fungibility and Privacy in a Cashless World
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
"Monero is a really good one. Monero is an incredible currency, it's completely private."There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."Setting up a wallet can still be time consuming
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topicssubmitted by jakkkmotivator to thecryptobasic [link] [comments]
3commas crypto trading bot review 2020
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.
Crypto trading botCrypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.
3Commas pricingThe below image shows the 3Commas pricing in detail
3Commas crypto trading bot feature
How to use 3commas crypto trading botGet started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.
Sign up here
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below
3commas bot review 2020
3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.
How safe is 3Commas?It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.
Is 3Commas for beginners?The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.
ConclusionMost Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
|Exchange||Segwit Status||Batching Status|
|SegWit Enabled Wallets||Wallet Type|
|Ledger Nano S||Hardware|
Der Bitcoin - Euro Chart zeigt die Entwicklung des Bitcoin - Euro in grafischer Form und erlaubt somit einen schnellen Überblick über Kursverlauf, Höchst- und Tiefststände. Price Bitcoin Today shows the most accurate live prices, charts and market rates from trusted top crypto exchanges globally. Price Bitcoin Today have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs. The website provides a list of cryptocurrency and blockchain related events, valid and authentic list of cryptocurrency wallets and Bitcoin ... BTC/USD Kraken price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Bitcoin SV Cardano EOS Monero Crypto.com Coin Tron Stellar Lumens Tezos NEO UNUS SED LEO Cosmos NEM Iota VeChain THETA Dash ZCash Ethereum Classic ... Kraken is more than just a Bitcoin trading platform. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto. New! Fund and Trade SNX, BAL, KSM and CRV. Learn more. Important: Trading and Staking for Polkadot is now live. DOT tokens are re-denominated 100:1 (New DOT). Learn more. New! Fund and Trade Augur (REPv2). Learn more. New! Fund and Trade ... Bitcoin USD price, real-time (live) charts, bitcoin news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more.
[index]          
Bitcoin Technical Analysis & Bitcoin News Today: Is there a stock market crash coming? I'll go through the news about the financial crisis. Also, I'll use technical analysis on the Bitcoin price ... Testing a recent client build in Windows8. homepage: https://www.cortex7.net BITCOIN NEXT MOVE, we are getting close to a major decision point for BTC, what are the target areas to watch? lets take a look and let me know what you thing in the comment section below, thanks ... Could we see another massive dump in the coming weeks? lets take a look at BITCOIN LITECOIN and ETHEREUM CHARTS and see what we can expect, Don't forget to LIKE, SUBSCRIBE, COMMENT and SHARE the ... MASSIVE BITCOIN MOVE TODAY OR TOMORROW?!? BTC CHARTS Crypto price prediction, analysis,news, trading BTC CHARTS Crypto price prediction, analysis,news, trading Crypto Savy