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What is the difference between a stop, and a stop limit ...
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A random guide for scalping - Part V - Understanding Intraday Liquidity
Hi there guys, Welcome back to my weekly rants. Decided to add some info that should be pretty useful to your daily trading, thanks to the comments of u/Neokill1 and u/indridcold91. If you have not read the rest of the series, I recommend you take your time and read those before continuing with this piece (check my user activity and scroll down...) This rant is based on this little comment I posted on the last post: Price moves because of the imbalance between buying and selling. This happens all the time. Price move where liquidity is, and that seeking of liquidity makes the price to go up and down. Why price extends on a particular direction? Because longer term players decide it. So the idea behind what I'm writing about is to follow that longer-term trend, taking advantage of a counter-trend wave that is looking for intra-day liquidity. If I'm bullish on the week, I want to pair my buying with intra-day selling. Because I expect longer-term traders to push price by buying massively. And instead of riding a big wave, I want to ride that push and get out before it retraces. And also answers to this: why for example would it make sense to draw support/resistance lines on a EUUSD chart? Why would anyone "support" the price of a spread?What are you predicting to happen by drawing those lines, that someone will exchange their currency there simply because it's the same price they exchanged it for in the past and that number is special to them? A good question that deserves an answer That question is a pretty good one, and one any trader worth of that name should ask himself why. Why price reacts the way it does? Why price behaves in predetermined ways? Why if I draw a line or area on specific candle places, I expect the price to react? And the answer is simple and at the same time kinda complicated and fascinating. Why price rallies and rallies andd rallies and then suddenly it stops at a point ,and reverses? . The answer is , because there are sellers at that point. There is liquidity there. There is people at that point that decided it was worth to sell enough to reverse that rally. All the market does is to put together buyers and sellers. If you want to buy something at some price, someone must agree with you. If no ones agrees, then you will have to offer more. When buyers and sellers agree on similar terms, price is stable. Buying and selling happens on a tight range, because both consider that particular price range worth. But then, perhaps, someone wants to buy big. And there are not enough sellers. This big boy will dry the available liquidity , and it is hungry for more. So price will move from a balanced state to an imbalanced state. This imbalance in volume between buyers and sellers will cause the price to move up, taking all available liquidity till the monster is satiated. Then the exhaustion of bids, or buying, will cause the price to reverse to a point where buying interest is back. The same applies for selling activity. The main take away you should get from this is simply that the market keeps moving from balance to imbalance to balance to imbalance all the time. And the points where the big bois deploy this activity of buying , of selling, of protecting levels, of slowly entering the markets, are mostly predetermined. Surprised? Most of the institutional activity happens at : 00 ,20, 50 and 80 levels. So why drawing a line makes sense? It makes sense because when price stalls at some point, is because sellers or buyers stepped in and stopped the movement. Its a level where something interesting is happening. It's a level where liquidity was present, and the question is, what is going to happen the next time price touches the area? Is someone stepping in to buy or sell at this point? Or perharps the first touch dried the liquidity, and there is nothing preventing price from going up again?? Lets see a real example of a trade I took today on GBPUSD, where I analyze step by step the balance and imbalance of the market liquidity in real time at those levels. The only way to see this is usingfutures. Because forex is a decentralized market and blah blah blah, and futures are centralized so you can see the volume, the limit orders through the DOM and blah blah blah.... So first things first, read well this articule : https://optimusfutures.com/tradeblog/archives/order-flow-trading Understand well what is said there. Take it easy. Take your time. And then come back to me. If you have followed my work, you know how I like to ride the market. I want a retracement on the most liquid moment in the market - the NY-London Overlap, and I need a daily BIAS on the pair. For today, I'm bullish on the GBPUSD. So lets check the pics. https://imgur.com/a/kgev9lT The areas you see marked on the 30 min charts are based on the price relationships that happened last Friday. As you can see, those areas are always in a place where price stalled, retraced, pushed through,came back to the area and reacted in some way. Are those black magic? Why price reacts so smoothly today on them? Ah you Criptochihuahua, this is 20/20 insight, you are lying.... Those points are marked before today's open, simply because of the price relationship I described earlier. And if you remember the earlier rant, price stalls in there because sellers or buyers were present. So I would expect that the levels are still interesting, and we should be watching carefully how price reacts in real time. Now, today I got at 1.2680 and got out at 1.2725. Let's check the 2nd pic, keep following the narrative with your own charts. What you are seeing is the first touch at the big figure with the total volume chart, and the bid/ask order flow chart. You can see how the price is pulled toward that level through the exhaustion of offers being filled. You can see how exactly they are depleted at 15:51. Why? Because at the next min, you can see how there are no offers being filled, compared to the bids. Remember, when offers are getting filled , price pulls up. When the bids are predominantly being filled, price is pulled down. And also take a look on the volume. This is key. If an imbalance is to happen, is because there should be a huge difference between bids and asks. Good volume on such a level, good sign. Price hugging the level without good volume, the level will most likely be broken. Look at the next pic. See the price behavior in combination with the volume? Price is hugging the level on low volume. Great signal. That means the level is not that greatly defended, at this point. What are we looking for? We are looking for the bids to be exhausted at our next level with a good volume reaction. Watch what happens. Next pic is our retracement , and we are watching carefully. And look at that beauty. Do you see the volume? Do you see the bids exhaustion? Do you see how the market orders are getting absorbed by the limit orders at that point? Someone does not want the price to go down. Price jumps as a result. It does not huge the level. Do you see? I'm all in, I want to take part of this trade. But wait, there is more.... look at the next pic, because you yet have another opportunity to get into this train.... at 17:23.. Even a bigger reaction, while on the other side.... we got more hugging... No more pics for today. You see what happens next. The level gets broken and price rallies to take the previous day high. Trade was a success. So I hope this added some value, and explained why drawing lines is useful, and how levels are indeed defended. P.S - I lied: Extra Pic, you got a VWAP chart with Standard Deviations. You can see how the pullback nicely fits in our long framework as well and adds confluence to the trade. Research about this :)
u/OK-Face made a post with some questions about limits and stop orders. I started to write up a big comment but then figured I’d just create an “Orders 101” post in case other newbies might find it useful. If you don’t like massive walls of text, now is the time to leave! The very basics First you need to know a little about forex market makers. A market maker publishes two prices: the bid price (lower) and the ask price (higher). The market maker will sell you units of a currency pair at the higher ask price, and will buy units of a currency pair back from you at the lower bid price. They make money by buying units at the bid from one user and selling those units at the ask to another user, pocketing the difference. The difference between the bid and the ask is called the spread. A narrow spread is good for users. If you buy at the ask (or sell at the bid) you only need the bid (ask) to move upwards (downwards) a little bit before you can sell (buy) back to the market maker to close the position for a profit. The spread will vary over time; the market maker wants to keep it narrow to compete for customers but wide enough to ensure they make money even when the market moves unexpectedly. When the market is stable the spread will be narrow; when the market is volatile the spread will be wide. When someone refers to the price of a currency pair you can usually infer which price (the bid or the ask) they are referring to from the context. If they’re talking about going long (buying) then they are probably referencing the ask. If they are talking about going short (selling) then they are probably referencing the bid. Broker software usually allows you to plot both at the same time, which visualizes not only the prices by the spread (and thus the market maker’s measure of volatility). The “market price” or “mark” is the midpoint between the bid and ask. It’s sometimes used when charting prices, since it smoothes out changes in the spread. The details of where the bid and ask prices come from, how they differ between market makers and from inter-bank rates, and how they are related to but very different from bid/ask spreads on exchange-traded instruments like stocks are all well beyond the scope of this post. (But you should learn it eventually!) Opening and closing a position First, burn it into your brain that a long position is opened by buying from the market maker at the ask and closed by selling back to the market maker at the bid, while a short position is opened by selling to the market maker at the bid and closed by buying back from the market maker at the ask. (Really a short position is a loan from the market maker that you can satisfy with units of currency pairs bought back from them at a later time. But whatever.) When you open a new position you use one of two types of orders: a market order or a limit order. A market order tells the market maker to fill your order as soon as your order gets to the front of the queue, no matter what the price is. If it’s a market buy to go long on a pair then the order will be filled at the ask price. If it’s a market sell to go short on a pair then the order will be filled at the bid price. The time it takes your order to get to the front of the queue is usually less than a second, but the price could change pretty dramatically in that second. A market order says “I don’t care what happens to the price between now and then, just fill my order as quickly as possible.” A limit order goes through the order queue too, but when it reaches the front it tells the market maker to wait to fill your order until an acceptable (to you) price is available. If it’s a limit buy to go long on a pair then you specify the maximum ask price you are willing to pay. If it’s a limit sell to go short on a pair then you specify the minimum bid price you are willing to accept. If the price is already acceptable then the order is filled immediately just like a market order, otherwise it waits until it’s filled or canceled. When you close a position you can also choose a market order or a limit order. If you have a long position then you can either submit a market sell order or a limit sell order to sell back your units at the bid. If you have a short position then you can either submit a market buy order or a limit buy order to buy back the units you shorted at the ask. These orders work just like orders to open a position, but instead of creating a new position they cancel out your existing position. (Hopefully leaving you with a profit.) It is possible to submit offsetting orders that don’t actually cancel out one another! For example, a market maker may allow you to submit a market buy order to go long one lot of EUUSD and then separately submit a market sell order to go short one lot of EUUSD, and track those two positions separately rather than cancel them out. For this reason an order used to close out a position is sometimes clarified as “to close”, as in “market sell to close”. Most users will close positions by right-clicking the position in their broker’s GUI and click “close” (or something similar); this will automatically submit a market order (buy or sell) to close. Submitting a limit order to close may take more clicks. Conditional orders to close When you create an order you can attach conditional orders to close that are only submitted if the bid or ask price moves past a trigger price. You specify the trigger price and the type of order to be submitted when the trigger hits: market or limit. There are four possible combinations, but only three are commonly used. A conditional market order to close a losing position is called a stop-loss order. A conditional limit order to close a losing position is called a stop-limit order. A conditional market order to close a winning position doesn’t have a name and isn’t commonly used. A conditional limit order to close a winning position is called a take-profit order. Generally the trigger price is compared to the price (bid or ask) that will be used to close the position. For example, a long position is closed by selling at the bid, so the trigger price for a stop-loss on a long position will be compared to the bid. Some market makers will allow you to get fancy and decide which price your trigger is compared to, which may be useful if, for example, your strategy is entirely based on the ask price but you want to use a conditional order to close a long position without worrying about the spread. Let’s look at the three common conditional orders to close, from simplest to confusing. Stop-loss orders A stop-loss order is a conditional market order to close a losing position. The trigger price is set on the losing side of the position. When the bid/ask price passes the trigger price, a new market order is created to close the position. Like any market order, it is filled at whatever the bid/ask price is when the order makes it to the front of the queue. For a long position the trigger price is less than the original ask price at which the currency pair was bought. A long position is closed by selling at the bid, so the trigger price is usually compared to the bid. When the bid price falls down to the trigger price a new market sell (to close) order is submitted. When it reaches the front of the queue it’s filled at the current bid, offsetting the position. For a short position the trigger price is greater than the original bid price at which the currency pair was sold short. A short position is closed by buying at the ask, so the trigger price is usually compared to the ask. When the ask price rises up to the trigger price a new market buy (to close) order is submitted. When it reaches the front of the queue it’s filled at the current ask, offsetting the position. Stop-loss orders are used as a last resort: “If my losses get too big close the position as fast as possible, even if that means closing at a less advantageous price.” It’s not uncommon for the bid/ask price to shoot past the trigger price so quickly that the price at which the position closes is quite a bit worse than the trigger price. On the other hand, it’s also not uncommon for the price to just barely touch the trigger price (triggering the placement of the market order to close) and bounce back, so that the price at which the position closes is better than the target price. (This latter scenario can sometimes make people wonder why the position was closed, since it may appear that the price never reached the trigger.) Take-profit orders A take-profit order is a conditional limit order to close a winning position. The trigger price is set on the winning side of the position. When the bid/ask price passes the trigger price, a new limit order is created to close the position. Like any limit order, it is only filled when the bid/ask price is better for the customer than the specified limit price. The limit price for a take-profit order is usually the same as the trigger price. (Some market makers may allow it to be different.) For a long position the trigger (and limit) price is greater than the original ask price at which the currency pair was bought. A long position is closed by selling at the bid, so the trigger price is usually compared to the bid. When the bid price rises up to the trigger price a new limit buy (to close) order is submitted. When it reaches the front of the queue it waits until the current bid is at least equal to the limit price, then it fills and offsets the position. For a short position the trigger (and limit) price is less than the original bid price at which the currency pair was sold short. A short position is closed by buying at the ask, so the trigger price is usually compared to the ask. When the ask price falls down to the trigger price a new limit sell (to close) order is submitted. When it reaches the front of the queue it waits until the current ask is at most equal to the limit price, then it fills and offsets the position. Since the limit price is usually set equal to the trigger price, and since the bid/ask price doesn’t usually reverse within the short time while the new order (to close) moves through the queue, a take-profit order usually closes almost immediately after being triggered, at a price at or very slightly above the triggelimit price. However it is possible that the bid/ask price just touched the trigger price and immediately reverses, leaving the limit order (to close) pending on the queue until the price moves favorably again. Stop-limit orders Finally we come to the confusing one. A stop-limit order is a conditional limit order to close a losing position. The trigger price is set on the losing side of the position. When the bid/ask price passes the trigger price, a new limit order is created to close the position. Like any limit order, it is only filled when the bid/ask price is better for the customer than the specified limit price. Unlike a take-profit order, the limit price for a stop-limit order is usually not the same as the trigger price. For a long position the trigger (and limit) price is less than the original ask price at which the currency pair was bought. A long position is closed by selling at the bid, so the trigger price is usually compared to the bid. When the bid price falls down to the trigger price a new limit sell (to close) order is submitted. When it reaches the front of the queue it waits until the current bid is at least equal to the limit price, then it fills and offsets the position. For a short position the trigger (and limit) price is greater than the original bid price at which the currency pair was sold short. A short position is closed by buying at the ask, so the trigger price is usually compared to the ask. When the ask price rises up to the trigger price a new limit buy (to close) order is submitted. When it reaches the front of the queue it waits until the current ask is at most equal to the limit price, then it fills and offsets the position. On first blush this appears to be the opposite of a take-profit order, but it behaves quite differently. Take a long position for example, and consider what happens when the bid price moves quickly down past the trigger and continues to fall. The limit sell order (to close) is submitted but suppose the limit is set close to the trigger price. Since the bid is still falling it’s on the wrong side of the limit price (for the customer) so the limit order won’t fill. A stop-limit order says “If I’m losing money and the price moves to X, try to close my position, but don’t accept anything too much worse than X.” Because a rapid price movement may pass both the trigger and the limit, the limit needs to be set carefully to give a little “breathing room” for the limit in case of rapid price movement. Stop-limit orders require careful calculation of triggers and limits to fix risk, or you can end up closing a position early, too late, or not at all! Final thoughts I hope you learned something! At the very least, I hope some newbies see that setting stop-losses, stop-limits, and take-profits involves a lot more math and understanding of the mechanics of the market than thinking “this looks like a good place to limit my losses” and clicking the mouse. Corrections are highly appreciated! I intentionally glossed over a ton of details but if in doing so I omitted something important please let me know!
Sharing my build and overclocking experience. i7 8700k, GTX 1080, 16GB RAM, 500GB SSD. 110k build.
TL;DR Specifications CPU: i7 8700k, running at all core OC of 5Ghz at 1.35V, 26k\* GPU: EVGA GTX 1080 iCX, running at 2100Mhz core OC, 25k\* RAM: 16 GB 16CL 3000 memory. Running XMP profile, 7k\* Mobo: MSI z370, 11k CPU cooler: Coolermaster ma620P, 4k Storage: Samsung 860 EVO 500 GB sata SSD, 4.3k\* Case: Cooler master MB500, 5k PSU: Antec 650W semi modular, 4.5k Monitor: LG 24 inch 144hz panel. 20.5k PRICE: 25k\(gpu) + 40k\**(cpu, ram, ssd) + 45k(monitor, case, psu, mb, cooler)= Rs. 1,10,000 *bought from USA during black friday sale. Photo: https://imgur.com/nGue1GI STORY So my parents had recently bought a new flat and we were thinking of moving there. I always wanted a desktop PC in my room but because of the current room's small size and the fact that I had to share it with my brother I was not able to do that. In the new place, I would have my own room so the dream of building a PC which seemed distant before now was a real possibility and it made me really excited. I had been using an HP omen 2017 with a GTX 1050 for gaming previously but I really wanted to experience 1080p 144hz gaming, especially games like PUBG. So I began my research on the hardware and started making a PC part list. THE GPU STORY: Meanwhile, a really good friend of mine was on a trip to the USA and told me that he was buying a second-hand GTX 1080 for himself. I seized this opportunity to convince my friend to help me out and arrange another second-hand GTX 1080 for me as well. He finally pulled it through and got me the first piece of my computer. This costed me around 25k as after the conversion charges and all. He got it for $350. Got an iCX model for me and ACX 3.0 model for himself. The pair together looked so cool. Gotta admit, the Americans really keep their tech clean. https://imgur.com/pvQYyA3 Comparing this to the prices in India just reminded me how sweet the deal was. Though checking prices for other PC parts got my josh to a stop. Though it was high again when I got to know that another friend doing his MS from the US was soon going to come to India on vacations. So back to the PC partpicker website we were. and the research took a full swing. THE CPU STORY: As my primary use of the desktop was gaming (and maybe streaming later), I started with an i5 8600k processor but quickly changed it to R7 2700 as it came with a stock cooler and paste. In an attempt to save money on an already expensive build. I was saving at least 12k on CPU, ram, and motherboard by sourcing them from America. The rates here are pathetic. Soon we got the news that the 9th gen processors would soon be releasing but seeing intel's stocks history, we decided not to wait for them. The 9900K had launched but it was really out of the budget. Watching reviews from the tech Jesus from GamersNexus it was clear that i5 was shitty when it came to streaming and gaming. and an R7 2700 needed around 1.4V to get a 4.2Ghz all core OC stable which could get us within 10 percent of the 8700k. I later decided to change the CPU to the x version of 2700 because of the beefy stock cooler and better binning which i thought would let me reach 4.2 all core OC without a problem with a price increase of just $50 that is around 3.5k. Chose an ASUS x470 motherboard to go along with this as it has a 6 phase VRM which we heard is really important when overclocking an 8 core 16 thread processor like the 2700X. I later read that the OC on 2700x did not improve gaming performance by much as the XFR was doing its thing really well. So, I thought of saving some cash on the motherboard by pairing it with an MSI B450 motherboard. This was also considering the weather conditions in India might not have allowed me to keep my 8 core CPU running OC 4.2 on all cores.Then came the black Friday idea and rates. This brought back the i7 8700k back to the equation again. This was because i was thinking of getting a 144hz panel and higher frame rates were easier on an i7 with a decent OC. Plus I really wanted to experiment with overclocking for fun. The 8700K was also suggested for gaming in many end of the year CPU reviews like LTTs and GamersNexus. The 8700K provided best streamer side fps while shelling out good viewer side performance for realistic encoding bitrates. And I felt I would not really utilize the 8 core 16 threads advantages on my desktop. Set a budget of $650 for the CPU, RAM, and SSD as their sizes were small and my friend could easily get those in his luggage. the final run: Shifted a lot between the 2700x and the 8700k but went for the 8700k in the end for OC adventure, better gaming, and streaming(streamer side fps) performance, and better resale value. The decision was easier as I was getting it for 25k rather than the 40k price point in India. I got the processor for $340. Linus also had recommended the 8700k when it came to price to performance numbers. The ratio bettered when the black Friday sale rates were applied to them. Saved some money on the ram as well, going with a 16GB 3000mHz kit (got it for $100 on the sale) rather than something more which is essential for Ryzen. So, finally bought CPU: i7 8700K $360 RAM: 16GB 3000mHz Ram $100 SSD: 2.5" 860 EVO 500GB SSD $65 total: around 40,000 INR for CPU, RAM, and SSD. (Exchange rate was 73.23, used a FOREX card to place the orders) BACK TO BASICS: NEHRU PLACE No Indian build is complete without travel to the hardware paradise known as Nehru place. MOTHERBOARD: MSI z3700- 11K Der8auer suggested the MSI z370 board as it is cheap and can overclock decently. Went with this, no fight here. CPU COOLER: Coolermaster ma620P- 4k a very beefy cooler. A cooler enough to cool down a 5Ghz OC on an i7 8700K without needing to void the warranty on the chip to change the IHS thermal paste. High on LTT forum's tier wise list for CPU coolers. Almost among the best when it comes to price to performance ratio of air coolers in India. Hyper 212 EVO would not have been able to cool 5Ghz OC down. MONITOR: Went with an LG 24GM79G 144hz 1080p monitor. -20.5K The cheapest and most color accurate TN panel with the best contrast ratios and brightness levels. PSU and CASE: Coolermaster MB500 for case.- 5k A good budget case with 3 stock RGB fans and dust filters. Antec 650w PSU- 4.5k Semi modular. Who needs modular? hehe. Side photo: https://imgur.com/pgcTumV OC ADVENTURE: This was the thing that was the most exciting and fun aspect of this build. After getting the bios, the drivers and the windows update, we got to work. I will be sharing snips of my trials of various settings that I experimented with and just mention the most stable settings here. The settings that I have it running now with absolutely zero problems. I hope this data helps. CPU and RAM: https://imgur.com/ygc2Y2U stable at 5,000mhz all core boost at 1.35V. LLC level 4 with prime95 stable. Max temps reaching around 85 degrees and max power consumption around 160W. AVX offset off. Memory OC, unfortunately, didn't work and I didn't wish to spend a ton of time messing with the timings and the sub timings of the RAM as it would not have lead to a noticeable change in gaming performance. First, I was not trying for small ftts to be stable in prime95 but due to games like PUBG crashing in the middle of matches, I had to increase my voltages to gain the 5Ghz OC that I wanted. note- the performance measurements are not linear as there were some windows updates with patches that decreased the CPU performance by a bit. The temps were recorded while cinebench was rendering. Used Intel burn test for the first pass and the second pass was the prime95 small ffts test. I think I was lucky with this chip and I think I can achieve an easy stable 5.1 if I delid it. GPU: https://imgur.com/FYQlpMW MSI afterburner was used. Final OC was a manual curve modifier with freqs at max voltage reaching 2100 mhz on the core. The power consumption was 220W peak with max temps reaching only a meager 70 degrees in the uniengine heaven bench. power limit was set to 120% and voltage increased to the max. the fans autoed around 55 and the card didn't sound to be that loud. Achieved a score of 3800 on uniengine ultra default settings. COLOR: monitor color settings if anyone is interested. Found it extremely hard to find good color settings on this panel. https://imgur.com/eULWElE B means brightness, C contrast, G gamma. on the right are the monitor color settings with contrast and brightness set to 100. Lessons learned: Using this system has been really fun. I won my first PUBG solo game on this system. I am really glad that I got to build this system, but there are some learning takeaways and personal suggestions that I would like to share with you guys.
The difference between 120hz and 144hz is hardly noticeable. So, a R5 2600 would have been enough to be really honest. I am talking about the perceptual difference and not the difference that the FPS numbers show on the screen. Please save some money and go for a cheaper CPU.
Colors on a TN panel are actually quite disheartening and only go for such a panel if you will mostly play competitive games on your system.
Do not go for an x series CPU if you want to go with AMD. Overclocking is very simple and you can save money by just investing very little time and energy. I did not believe that when I was buying the components but I sure believe it now.
Prime95 small ffts stability is not essential. Intel burn test imo is enough for stability testing the CPU. If the intel burn test passes, then most likely you would not encounter any stability issues.
GTX 2060 is a solid deal for the price. It has comparable performance to the 1080 when OCed with extra features like ray tracing and DLSS.
SSD is essential and I am doing fine with a 500GB SSD as my only drive. You really do not need a lot of space if you just want to game. If you are editing photos or videos then its another thing. I also mostly play one game (offline story sort) at a time so space is not much of an issue.
If you have space, do not buy a gaming laptop. Go for a medium budget gaming desktop (maybe mATX or miniITX form factor), buy a second cheap laptop (only if you really need it) with a small processor which would inevitably mean a long battery life and put an SSD on the laptop. You will be sorted.
Offtopic but- underclock your laptop cpu and gpu using ThrottleStop and Afterburner to increase performance and battery life.
Credits: u/warriorpush for getting the GPU and for picking up parts and building the system along with me I would love to answer questions and listen to suggestions. Please feel free to ask as many questions as possible. Also, DM me if anyone needs help with their build or is shy to ask here.
Hi all! Recently we had a bunch of great questions that were asked in the Reddit, right over here: https://www.reddit.com/genesisvision/comments/bbtolk/straight_questions_to_the_gv_team_ten_so_fa We took some time to prepare a reply and here it is! Hello. I am Ruslan Kamenskiy, the person responsible for the GV products in our team. Thank you for the many questions. I will try to answer them as fully as possible, but before answering, I would like to make a small introduction so that members of the community understand more why things are happening anyway. - Development of any project is always a series of trade-offs. Resources are always limited and the need to choose where to send them is always present. Our task is to distribute our resources optimally considering short-term missions and long-term objectives. - We have a very active and large community. It consists of many different representatives. Everyone has their own needs, expectations, problems and pains. And often in some decisions, you need to look for a middle ground, and you can not please everyone. Investors want maximum security, minimum commissions and maximum profits. Managers want huge investments, minimum responsibility and maximum opportunities. Brokers and exchanges want maximum trading volumes from us. And many requirements of different market participants contradict each other. Therefore, we must always look for optimal solutions. - As I said, we have a vast and active community. And as a result, we have a tremendous amount of feedback and suggestions. Every day they come to us from all channels (feedback portal, social networks, Reddit, support mail, and even private messages in telegram). Right now in our task tracker in backlog 160 feedbacks are hanging for implementation. We appreciate the feedback of our users, but unfortunately, due to limited resources, we cannot implement everything at the same time, so we prioritise requests and suggestions. It is excruciating for us to receive messages from our users stating "I suggested this a month ago, but this has not been implemented yet," but we hope for understanding. We are trying. - Investors want the maximum possible profit with minimal risk. But this is impossible. If we go the route of the maximum of investors' safety (for example, we prohibit trading with leverage, we make maximum stop-outs, etc.), this will minimise the potential investor's profit and make the platform uninteresting for managers. We try to find the right balance between protecting investors from rogue managers and allowing investors to make informed on their decisions based on the analytical tools we provide to create transparency in the managers’ trading strategies. However, we do not believe that restricting managers too much is the best path forward for the ecosystem. We view our job as creating a fully transparent system that allows participants to make highly educated decisions => it is then up to them to take ownership of said decision. - Almost every day we get the questions "When exactly this will be." We have internal deadlines for the implementation of various functions, but to make public statements about the exact date of the implementation of some functionality is not always the best idea, because there are many factors affecting the real state of affairs. And the delay, even for a couple of hours, is always perceived by the community as extremely negative. But we do not refuse to share information about our current work and immediate plans. Why do you allow numerous programs by the same manager? Do you intend to curtail it to a limited number? If yes, how many? When will you implement? Allowing managers to have several programs is necessary for the following reasons:
A trader may have several different trading strategies.
A trader can trade in different markets/exchanges.
A manager's account can not only represent a single person but a whole fund with many traders.
All information on the number and performance of all programs is public and available to investors. Do you intend to pose restrictions on entry and success fees to prevent exploitative fees? If yes, what restrictions and when will you implement? Restrictions on maximum fees are already present. At the same time, this information is available in the program details, which allows the investor to evaluate all the sizes of the commissions before making a decision on investing. Additionally, in order to avoid exploitative fees, the entry fee is charged only for programs that have reached level 3. All this together provides, in our opinion, a fairly transparent system of commissions, in which the investor has all the necessary information to make an educated decision. However, if you have any specific constructive suggestions for improving the system, we are always happy to listen and take them into account. Do you intend to start adopting some form of intervention when a trader goes on downward money losing spiral? Some form of trading floor manager action after x% losses? If yes, how and when? If not, why not? We have introduced the Stop-out functionality, just designed to limit the loss of investors. This is an industry standard solution that helps solve the problem described. Do you intend to impose a cool-down time limit or even fee increase limit to prevent managers to close a program and immediately reopen another one? If yes, what/when will you implement? Managers close and open new programs for various reasons, which is a normal workflow, and we do not want to artificially limit them in this. At the same time, information about the number of manager’s programs, as well as their performance, is public and available to investors for analysis. This information, in our opinion, should be sufficient to determine how honest a particular manager acts. Do you intend to implement some form of deletion? In which way? When? The level system is currently being analyzed and re-thought. At the same time, our community takes an active part in this process. Actual information can be obtained in our telegram (work on this is going right now). Do you intend to return entree fees when a program that is announced for a period of X days terminates the program before the end of the period? When? Entry fee is charged starting from 3rd level programs. This means that this is not a new program, but already having a certain history of successful trading. However, your proposal is absolutely reasonable, and in some situations, returning an entry fee may be a fair decision. We are currently working on this issue and are considering how to improve the current situation. Do you intend to implement a policy so that entry fees only vest if the manager makes more profit, net of success fees, than what was charged in the entry fee? When? If you think about it, then this is quite a delicate issue, and we cannot count everything only by profit. I will give a specific example - in the first case, the investor invests 1 BTC in the Forex program, according to the results of the period, the manager does not show a substantial profit (say, he does not cover the entry fee minus the success fee), but during this time the whole crypto market has fallen by 50% (and we all know that this happens). Formally, the conditions for obtaining the entry fee you described are not met, but the manager has helped the investor save (and even multiply) his BTC holdings. Here’s another situation - the investor invests the same 1 BTC in the ETH program, the manager shows a profit sufficient to pay the entry fee according to your policy, but due to a significant drop in the cost of the ETH, the investor is still in the red. So who of these managers really deserves the entry fee? We believe both. Entry Fee is available to programs only from level 3, which means that the manager has successful trading experience, although even with many programs this value is set to zero. A performance-based fee is a success fee, and the entry fee, taking into account all factors, is wiser to leave unconditional, in order to observe the interests of all categories of users. Do you intend to review the way the GVT token is used in the platform to actually create demand for the token? What are the ideas that you have recently been discussing? When are any of those ideas likely to be implemented? Yes, we are constantly working on this issue. Some ideas have been described in recent blog posts (GVT burning, profit distribution in GVT, payment of a subscription for copying in GVT) Nowadays, while the platform have programs with not too much capital, the amount of GVT required to get a discount does not make economic sense. Would you consider a temporary reduction in the number of GVT one needs to hold to get discounts on fees, in the same vein that Binance had very friendly reduced fees in its first year? We have a discount for GVT holders selling on GM in the same way asBinance has discounts for holding BNB on their exchange. And you need to understand that Binance had very friendly fees during a completely different state of the crypto market. The capitalization of all cryptocurrency grew and was much easier to keep them low then it is now. But we are working in this direction. We already know you are planning a new level system. What are some additional concrete investor protection actions the GV team plans to implement? When can we expect them to be implemented? The system of levels is now being revised with the participation of the community. Actual information can be obtained in our telegram (i.e., work on this is underway right now) Will you rethink the functionality and design of the reinvestment toggle, and add clear labels so that users do not have their money tied up in funds that they do not wish to invest in? If yes, when? The reinvest button has already been renamed to “Reinvest profit” for better understanding. When and how will the UI be revamped (The dashboard, so it is clearer how investments are performing; More filters; Display of overall manager performance across all their programs)? Regarding the question “how”, I can not answer shortly. For the answer, you would need to write a whole article, but you can be sure that we are constantly working on improving the UI based on your feedback. If you have been following the development of the platform for a long time, you might notice that with each major update, the UI changes significantly. This is due to the fact that Genesis Vision is a complex system with a lot of information, so it is often possible to find the right balance between informational content and convenience only through trial and error and only with the active participation of product users. Will there be a way to withdraw everything at the next ending of a period? When/how are you going to implement this? Yes, it is already being worked on, but we cannot point to an exact date at the moment. Could you study a way to enable investors to withdraw invested money before the end of the reporting period, in particular if there is money not currently allocated to a trade? What is your thinking about alternative ways to implement this? This issue is not so obvious. If you withdraw funds during the trading period, this can disrupt the manager's trading strategy. Even if these funds are now free, they can be used to maintain margins when trading with leverage. And if you take the money, then Margin Call will happen (and then Stop out) and all investors will lose money, because funds are not enough to maintain the position.
I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland. I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported. Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/ Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects. ----------------------------------------------------------------------- Jan-4, 2018 Hey all! I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉 Some history before I head into the future. I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history. In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever. On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015. In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought. The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
Investors buy because the price is less than the value they see in the investment. Speculators buy because they think that someone will pay more in the future than they are paying now.
Investors trade on information (The white paper was really well-written, had a clear technical advantage over other alternatives, and addresses a need that I can understand and value.) Speculators trade on sentiment. (Buy the rumor! Sell the news!)
Investors usually look at the investment and themselves and can describe why they purchase in those terms (ABC-Coin provides (service) that isn’t addressed yet and matches (requirements) for an investment.) Speculators usually describe why they bought something in terms of how other people think (I think that other people think that the price will rise, so I want to get ahead of that.)
Investors don’t necessarily check the price every day. The can, and very often I do, but it isn’t required because fundamentals don’t often change on a dime. Speculators need to be glued to a price feed, because sentiment very often changes on a dime.
Investors like ideas, people, business plans, and market opportunities. Good ones are like Spock. Speculators like trends. They are tribal.
Investors have a longer time horizon than speculators. In cryptoland, the notion of a “longer” time horizon is still laughably small (months) compared to traditional markets, but it certainly isn’t weeks or days or hours, which is whre speculators often live.
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8. I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market. But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money. When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it. Looking forward to this year, I am positioning myself as follows:
ETH will still be my core holding. It is the “deepest in the stack” crypto investment that I have. “Deep in the stack” is a programming term that gets at the idea that most software is built on other software. If you just think about your notebook, you have your OS, and programs run on that. But even inside the OS there is a stack. The bottom of your stack is the kernel, and on top of that are the drivers, protocols, and other layers that allow the programs to talk to the OS, the hard drive, the screen, the mouse, your printer, etc. You can change your mouse or printer easily. Changing things deeper in the stack becomes harder and harder. ETH is deep in the crypto stack, so is very hard to dislodge – Around 60 of the top 100 cryptocurrencies by market cap run on top of Ethereum, so getting rid of Ethereum is something that would take a long time to do.
DNT, QTUM, ZRX, and OMG are all, to varying degrees, “deep in the stack” tokens that, once established, will be very hard to dislodge.
That said, I am peeling away some of my holdings into USD right now, because big changes are afoot and they are going to cause market disruptions. I’m going to come right out and admit that this is speculative, but I’m also going to back it up with some non-speculative facts.
The SEC has been sending out hundreds of subpoenas to cryptocurrency organizations over the past 3-4 months. These subpoenas are simply asking for information and nobody has been charged with any crimes or misdoings, but it is clear that the SEC is getting together information so that they can begin to regulate cryptoland. When that happens, other countries will follow, and that means:
Some tokens will be deemed outright scams and people will be prosecuted.
Some tokens will be deemed securities and will be regulated.
Some tokens will not be deemed scams or securities and will continue as they have.
Looking at this, it is clear to me that the tokens that escape prosecution and regulation should do better, but the short-term impact will be brutal and ugly. It would not surprise me at all to see a 50% drop in overall market cap within Q1-Q2, with Q1 being more likely.
Cryptoland has always been a bit nuts, but it is more nuts now than I have ever seen it. Back in 2011-2014 it was a freaks-n-geeks show where people were all about the technology and I would sit around for a 3-day weekend installing a *nix VM on my Windows machine so that I could compile the most recent source and run a CUDA SHA-256 routine rather than thrash my CPU. If that doesn’t make sense to you, you wouldn’t have even thought about being involved.
Now, people see Bitcoin advertisements in their Facebook feed and think “I gotta get on the BTC train!” before going to Coinbase and buying some with a credit card. They don’t know anything about crypto, and they are getting eaten alive – It is no coincidence that BTC peaked after the Thanksgiving holidays when people sat around the table and Janice got Uncle Mike and Cousin Bob all excited as she talked about going to Cancun for Christmas because of her crypto winnings. Huge amounts of fiat got transferred from newbies to BTC whales during this period, and once the whales were done, BTC had dropped from $20,000 to $12,000. It’s now back at $15,000, but for people who bought at a higher level, this sucks. As a result many have moved from BTC to ETH, with the single biggest money flow in crypto in December being the BTC à ETH flow. As a result, it’s no coincidence that ETH is at all-time highs now. The thing is, though, that even most people that moved from BTC to ETH really have no idea what they are doing. They are acting on buzzwords and emotion. They are speculators and are going to get crushed.
The stock market is quite high right now, but people are starting to worry that it is too high and that we are going to enter into a period of inflation again. This has caused gold to go up a lot the last quarter and is likely also responsible a bit for the rise in cryptos. If this view is correct, then cryptos stay stronger than if that pressure wasn’t there. If wrong, then cryptos will swing down as money exits cryptoland for more traditional markets.
I am spending most of my time and money on the arbitrage effort. The nice thing about arbitrage is that it works as the markets go up, and it works as the markets go down. When markets are too volatile, however, arbitrage can get very messy and dangerous, with each trade generating a loss instead of a profit, so I am working right now to tune the algorithms to take into account rate-of-change and add in some circuit breaker triggers. Once this is done I will expand those operations.
I am getting much more serious about systems security.
I have a Nano Ledger and recommend that anyone with >$1000 of crypto have one. The Trezor is also supposed to be good, but I haven’t used it.
I will set up a dedicated *nix notebook that is used for nothing except my crypto work. All it takes is one keylogger to get on your PC/Mac and your crypto is gone. What is on your Nano Ledger will be OK, but they will sweep out your exchange account or Coinbase account faster than you can type. A standard Linux installation with Chrome and nothing else is as about as secure as you can get in the civilian world.
If you don’t use LastPass or a similar password manager yet, you need to do that. Your password to LastPass should be at least 16 characters long and should not have a recognizable English word in it. If you think that “Iluvu4evah” is a secure password, you’re wrong.
Hackers know that “4”=”for” and “u”=”you”. Writing a script to substitute those in is trivial if they want to write the script, but it’s much easier for them to download one of the many, many programs out there that already do this.
If your password contains any string of numbers from anything that can be associated with you at any time in your life, it is insecure. Take those numbers out of the character count because they are an insignificant barrier to cracking your account.
The good news is that you probably won’t be targeted, but if you ever mention online that you are doing anything significant in crypto, that chance increased enormously.
*Never* talk with *anyone* about how much you have in crypto. You’ll notice that I haven’t here. There is no reason to tell even a family member how much you have unless you are sharing a tax form. Sure, you may trust them, but all it takes if for someone to overhead someone else mention at a party that a relative got into crypto a long time ago and made a bunch of money. That person can also then be subjected to the $10 hack and force you to send all your crypto to them.
Your password to LastPass (Or equivalent.) should look something like this -> 6k0jQMoziX&D#4W8
Yes, it’s a headache. Imagine your headache, though, were you to open your account one day and find all of your money gone.
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way. ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto. iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve. iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments. Happy 2018.
11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min
''' • The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN. Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy. • KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001. • Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total. Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002 • In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions. DIFFERENCE BETWEEN FIAT AND CRYPTO: • Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver. • Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com. • What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it. • There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency. • A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht. • It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases. • In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms. KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities. An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports. Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities. SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers. In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting. Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties. • Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact. • Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”. • In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win. • Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships. • But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry. • Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial. • The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels? • With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date. • If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies. • Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile. • In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations. • Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection. • By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act. • As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private. • Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet. • Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets. • Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails. • “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com. • Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse? • Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN. "Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10 ''' DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN Go1dfish undelete link unreddit undelete link Author: xia112 1: lintangnews.c*m/ada*kr**s*o*n-*ni-be*a*ya-d*ngan-bi***in* 2: 0xzx**o***019101*124431*902.*tml 3: ne*s.*oko**y*to.com/*ag/**atsco*n-kt*/ 4: bbs.**anya.cn/p**t-l*ok*u*-836*0*-*.shtml 5: z*uanlan.z*i*u.*om*p/*4*44615 6: l*nta*g*ews.*o*/ada*kr*ts*o*n-*ni-***a*ya-d*ngan-bitcoin/]^^1 7: 0x*x*com/2019101**24*312*02*ht**]^^2 8: news*t**ocr*p*o***m/tag/kr*tscoin-ktc/]*^3 9: bbs.*i*n*a.cn/p**t-loo*ou*-8*61*5-1.sht*l*^^4 10: zhuanl*n.zh*hu.co*/**84**461*]^^5 Unknown links are censored to prevent spreading illicit content.
Making a move into the universe of Forex exchanging can be both energizing and somewhat alarming. There are a great deal of inquiries to be replied, and it's your cash on hold, so you need to ensure you see exactly what's happening. While remote money exchanging offers its prizes, particularly when you can exchange significant monetary forms like the US dollars and Euro, alert against circumstances that offer moment wealth must be watched. How about we take a gander at some normal inquiries concerning Forex exchanging and the Forex market to enable you to improve understanding. What is Forex? Forex is a contraction for remote trade showcase and is likewise called FX. This is where world monetary standards are traded. Most dealers are vast banks, financial specialists and governments, yet independent companies and even people can take part in Forex exchanging. A couple of years prior, remote trade exchanging was generally restricted to substantial banks and institutional dealers in any case; today innovative headways have influenced it so little brokers to can likewise exploit the numerous advantages of forex exchanging just by utilizing the different internet exchanging stages to exchange. How precisely is Forex exchanged? Forex is exchanged over-the-counter. This implies there are numerous costs for each unique cash and these costs rely upon who is doing the exchanging. Forex exchanging goes on nonstop the world over. The significant monetary forms of the world are on a drifting swapping scale, and they are constantly exchanged sets Euro/US.Dollar, US.DollaYen, and so forth. Around 85 percent of every day by day exchange include exchanging of the significant monetary standards. In the event that you figure one money will acknowledge against another, you may trade that second cash for the first and have the capacity to remain in it. On the off chance that everything goes as you plan it, in the long run you will almost certainly make the contrary arrangement in that you trade this first money back for that other and after that gather benefits from it Things being what they are, am I truly exchanging cash? You're not exchanging a pile of money in return for another pile of money. Be that as it may, you're foreseeing how the estimation of various monetary forms will move after some time, and afterward purchasing and selling monetary standards dependent on those forecasts. Your Forex account equalization will go here and there, contingent upon the accomplishment of your forecasts and exchanges thus will your benefits or misfortunes. FOREX is an essential piece of the overall market.While you are dozing, the merchants in Europe are exchanging monetary standards with their Japanese and American partners. In this manner, it is sensible for you to trust that the FOREX showcase is dynamic 24 hours every day and merchants at significant foundations are working day in and day out in various movements. Customers may put assume benefit and stop-misfortune orders with representatives for medium-term execution. Value developments on the FOREX advertise are smooth and without the holes that you face pretty much every morning on the financial exchange. The day by day turnover on the FOREX advertise is some place around $1.2 trillion, so another financial specialist can enter and leave positions with no issues. The truth of the matter is that the FOREX advertise never stops, The money showcase is the biggest and most established monetary market on the planet. It is the greatest and most fluid market on the planet, and it is exchanged for the most part through the 24 hour-a-day between bank cash showcase What instruments would it be a good idea for me to use for Forex exchanging? You should most likely exploit programming that will follow your situation in the market, programming that will complete your exchange orders, called master counsel frameworks, and Forex flagging programming that will consequently flag you about economic situations. There are a few high performing units accessible and can be assessed through the Blogroll on the webpage underneath. On the off chance that you utilize a specialist, the person in question will utilize programming for these reasons and may give you access to a similar programming. Is Forex exchanging unsafe? Truly. Before you begin, you should set aside some effort to find out about Forex and build up a solid exchanging plan to help limit the dangers. Forex is a straightforward market. Not at all like value markets, where experts have an out of line advantage over the layman due to their insider learning, the applicable data for Forex is similarly accessible to each one all through the world by means of global news. Hence, all Forex brokers have comparative data accessible to them. It involves how they translate it. All are in a situation to settle on relevant choices as per the present market circumstances and on the off chance that you have a vital arrangement and programming support, at that point you are prepared to go. Do I need a merchant to exchange Forex? Not really. A few people feel substantially more happy with utilizing a merchant, however some vibe that once they have legitimately taught themselves and procured the correct instruments, they can exchange without the assistance of an intermediary. What is a cash pair? A cash pair is the money you are purchasing and the money you are selling. For instance, you may buy Euros with US dollars. That is a money pair. What is a PIP? PIP represents rate in point. It is the littlest sum that a money pair can change. As you dig further and further into the Forex exchanging world, you'll have more inquiries. Your most solid option is to arm yourself with information about how the framework functions and how you can limit your dangers and expand your benefits. Forex exchanging is energizing and holds incredible guarantee for profiting, yet you should comprehend what to do and when to do it. Set aside some effort to completely inquire about Forex exchanging and get familiar with everything you can, before hopping in. Forex exchanging on the web might be the quickest way to budgetary opportunity and a conclusion to all your money related stresses. It genuinely is a brilliant, if not THE best self-start venture open door for conven serve out it an attempt!
Our most recent AMA with CEO William Heyn discussing key topics, including his experiences and vision, FX Trading and more!
AMA with CEO William Heyn “Good Morning fellow, TIOnauts, Bill here, getting ready to answer your questions in the upcoming AMA I wanted to get an early start by addressing one big question we have been getting. It is always a bit unsettling when a big name leaves a company's board, we understand. However, please remember, there is a lot more to being on a corporate board than just advising a company on its business path. There are meetings, board votes, board minutes and so on, all of the things that the public doesn't see that directors do - and spend a lot of time on. But let's be honest about what you all want from a big player like Chien, you want him to be involved in advising the company and helping us move forward and grow, right? Do you care if he is going to cast a vote to second the board motion to approve the minutes from the last board meeting? So as we have said, Chien is going to stay involved as an advisor, he is just letting go on some of the more mundane aspects of being a board member. As most of you know, Chien is a rock star and we are lucky to have had him on the board for the last year, now he is going to spend some of his time on other things - most importantly Forbes Crypto, which directly benefits trade.io - but he is still going to be involved in the strategic direction of the company.” Q. how much trade.io own from Forbes?A. Hi Pacimaker, got it, thanks for the question, so all I can say is that it is a meaningful amount - beyond that I am not at liberty to say Q. Bill what are your thoughts on both trade.io for 2019 & the crypto market in general?A. Thanks for the question CB, so I mentioned in my first letter that I am a market optimist, I feel that crypto in general will find its natural bottom and come back. As for trade.io, we are looking forward to a great year with lots of things to develop and improve Q. What are the changes in the company strategy with the recent changes in trade.io management and the crypto market as well?A. I don't think that we have changed a lot in the company strategy, we just have some new faces to help move the company forward as we see best Q. Why do much dump? Just because of Chien Lee?A. You got me Ironfist - I don't know why anyone would be dumping - it sure wasn't me Q As trade.io is into many initiatives it is good to know how much already spent and how much they have reserves. A. Agreed and understood, please keep faith, we are committed to transparency and openness, we are in good shape for now, but some things we need to keep a little quiet on - so no exact number just yet Q. Hope it won't seem too negative but I'm wondering if in the future the company will try more to consider the optics of moving around the big names. Maybe the news that Mr Presissler was stepping down could have been done at the same time as this latest announcement to get it all over with instead of pulling off the band-aid much slower. A. Thanks for the question, so you are completely right, optics are important, and I think you will believe me when I say if there was a way for it to be less painful we would have found it but in these cases we need to be transparent - so for example, waiting a significant amount of time after I took over just to make it one announcement with Chien wouldn't have been responsible. Krisoffer added “Thanks guys, I appreciate the answer. But as you know, a lot of people might just see the headlines and make decisions based on that, that was my concern. But thank you!” Bill “Agreed Kristoffer, but we need to balance being as transparent as possible with what is easy, right?” Jim P added: “Agreed, but we are still working closely with Bill. We are in constant communication.” Q. Who do you think is the most difficult thing to be done now?A. So, I'm not sure my fingers would take the typing of the full list here, lots to be done, but in general, I look at it like this, trade.io is growing up, companies go through stages and we are entering a new one, we have grown so fast and done so many great things we need to take stock now and see what is working and what is not going exactly as planned and then adjust - very typical for a company of this stage Q. Is the Forex platform planned before the end of this year? A. That is planned for Q1 2019 Q. Bill, what was your previous experience in the management of startups like trade.io? You look like to me like a SP500 guy.....that’s the reason of my question. A. I'm not ashamed to admit were talking about my favorite subject now (me) - So Carlos, boiling it down to the most relevant, I left Merrill Lynch in 2001 after working there and at JP Morgan and Morgan Stanley and founded my own investment bank, just me and a computer. I have built that up over the last 17 years into a full service registered investment bank - so I have done lots of other startups in the past but I think that is most relevant Q. So u are better than Jim? A. Pacimaker - Jim and I have been friends for nearly 30 years... you trying to break that up? Kidding aside, Pacimaker, Jim and I have worked together for almost 20 years now Q. How are things going to be any different with you as CEO as opposed to Jim? A. We have different skill sets and have always used them in conjunction with each other on projects, just like now. Between the two of us, Jim is an idea and inception guy, he is brilliant with coming up with new ideas, launching them and getting them through their first stages. I am more of the second stage development guy. Once the company is up and running that's where I can add value. I'll admit, not nearly as exciting as what Jim does but we feel what trade.io needs at this stage. Q. Do you think at some time trade.io will focus also on Advertise itself on communities whose tokens are listed here? Ex: OMG, BAT etc.... I personally asked this in their TG group and they seemed neither aware that we are listing their tokens. A. So many of these tokens are already listed on other exchanges, we are working to differentiate ourselves by offering more product, the LP, FX trading etc., we need to get these up and running first Q. Okay the exchange is getting pretty damn good, now I feel like it’s time to be innovative like setting up a "crypto/forex university" where folks are drawn to and can learn and communicate and plan the future together, is there a timetable for the "learn platform"? And what are your main marketing strategies? A. Something like this? Preview Preview Q. Is this accessible somewhere already? A. No we are still developing it. It's in the pipeline and I didn't want to share until it was further along (within a few weeks of deployment) but I figured since you asked now is as just a good of time as any. Q. Where u can see trade.io in next 3 months? A. So three months, you have seen all of the timelines and things we are planning to roll out so I won’t repeat them - but more importantly within three months we will have taken stock of the company - like I have said, what is going well, what, if anything isn't and we will hopefully have fixed or being on the way to fixing everything that we can. Q. Why did you take this challenge? A. Got it, thanks Carlos, I love challenges, so that's easy, this is what I like to do, help build new companies, so this challenge is right up my alley. Why this one as opposed to others? I genuinely believe that DLT is going to upend the finance world that I have been a part of for decades, I want to be a part of that Q. Good morning Bill. I think one pressing question on everyone's mind, is the state of finances of the company. We see not much trading going on, so obviously no revenue there, and we don’t have any idea of the other areas making profit... The bear market can be long and drawn out, and those companies that can weather the storm, will prosper obviously. Question is straightforward.... do you feel comfortable that trade.io is in a position to continue operating for 6 more months under current conditions? A. Hi Dustin, good morning, and thanks for the question. Easy answer is yes, I'm comfortable that we are good to go for 6 months and beyond, the bear market is rough on all of us but our reserves are just fine. But this is always something we focus on, every day making sure that we are keeping operations running Q. One other thing I know everyone wants an explanation of: is how the liquidity providers work on the exchange. We see lots of small trades by bots that appear as wash trading, which is one thing trade.io has always been against.. Can you give a brief explanation of how that works? A. Sure, very briefly, as you know the market markers are there to create liquidity and orderly markets - just like the old time guys on the floor of the NYSE, right? So while it may look like a wash, it should only be liquidity and matching - keeping the market moving. That's the market theory, if you want more of the technical aspects of how they work I might have to leave that for our tech guys Q. Great... I know it is a major question for everyone, and to understand how that works would be a great help A. From Jim P market makers are there to create an orderly market, and provide a minimal level of liquidity. That’s what ours are doing. We are not manipulating the tape, fake buy walls or sell walls, spoofing, or inflating with millions of fake volume like many others. Q. Bill Do you think the future is the STO’s? A. So the STO question is a good one, and really boils down to all of the regulatory issues out there, as the markets have changed and regulations have been maturing I do think that STO's will be part of the path forward - basically between the ICO and the traditional IPO, but there is a lot of evaluation left to do and regulations are changing Thank you all, I do have to run, it has been a pleasure talking with you all this morning (for me), I look forward to working with you all going forward Q. Do we have any bombastic announcements to the short and mid terms??? A) We always may have some surprises, but for now we’re focused on executing the initiatives outlined in https://howsitcoming.trade.io in a timely manner. Q: According to Jim Preissler, trade.io had plans to dual-list traditional stocks on our exchange at some point in the future. There isnt much talk about it anymore. Is that something that we could expect next year? A) Yes, the goal has always been having a multi-asset platform; we are still hopeful that we will have this running in 2019, but do not have a specific timeline yet. Q: What coins will be available for depositing on FX platform of trade.io in first time? A) Ethereum, Bitcoin, TIOx with reduced commissions for TIOx users. Q: When will fiat be available for depositing on FX platform? A) Targeting early Q1 2019 Q: Why hasn't the company endorsed and advertised trade.io into communities of the Tokens that we are listing (BAT, OMG etc...)? Thx A) There is no specific reason, and I agree we need to do a better job of doing this going forward, as it gains more exposure to to trade.io and TIOx. Q: Hi Mr. William Heyn. May I know when does the "Stop Limit" function to be added into our platform? As a trader, I believe that becoming more important as trading in the downtrend market now. A) Targeting Q1 2019 Q: Will the launch of forex be a beta or Full version? A) We’re expecting full version, with standalone FX sites to be up in early Q1 2019. Q. Will trade.io become dex in the future? A) Possibly, but its not on our timeline at this point. Q. What do you think of the idea to take another fast token as the base like XRP or maybe even something like nano? That would still be pretty unique… A) Something we are considering. Q. When we can use TIOx to get discount when we trade( same like BNB)? A) TIOx is used for the LIquidity Pool, and can be used on the FX platform, once released, for discounted commissions. Q. Any news about that stores where TIOx should be implement this year? A) We will be starting with our NEST shared workspaces where TIOx can be used for payment and significant discounts. Q. What is the reason trade.io list so hard ERC- 20? A) We’re starting to ramp up roll outs of tokens, as you witnessed last week, we added 4 new ERC-20’s including a stable coin. New chains are on the horizon, as well, as can be seen in our timeline. Q. My question is related to trading competitions. Lastly we added MITH token but at the same time Binance added the same with trading competition. Then how new traders will be attracted towards trade.io? Not a single trading competition since exchange launch! A) I’ve already spoken to the team about the trading competition and agree its needed, and have given them directives to launch a trading competition in Q1 of 2019. Q. December-Q1 sounds like an amazing month with lots of good stuff, but do you have a rough time-frame for when the exchange will be able to accept fiat? That's a feature I'm really looking forward to. A) Q1 as well, as you noted there is a lot that I have the team working on, with tight timelines, as I want to see progress in a fairly short amount of time. Q. But what is not fair is they are using the API is open to these and not to the other traders? These are trade.io or third party partners? A) API will be open for everyone, very, very shortly.
Derivatives Trading is on the Edge of a New World With Artificial Intelligence on Level01
https://preview.redd.it/2r0yyzpr9z321.png?width=640&format=png&auto=webp&s=4d3d9fa506588761696133140ca38af266215f29 Could artificial intelligence in trading become the new normal? Advances in technology and new standards surrounding automated trading are pushing us ever closer to transforming the industry. If this sounds very much like a science fiction movie, we can assure you it is not. In fact, artificial intelligence (AI) is already being utilized by banks, but its going to take a little longer for people to catch up to the idea that their investment is as safe, if not safer than it would be if their investments were handled by humans. An analysis by Accenture indicates that between 2018 and 2022, banks that invest in AI and human-machine collaboration at the same rate as top-performing businesses could boost their revenue by an average of 34 percent. AI’s application is proven to improve efficiencies or customer outcomes and the software-development team at Level01 is working hard to achieve a human-machine collaborated future in derivatives trading — to help people trade better, with ease and peace of mind. As far as discernment in artificial intelligence in trading go, algorithmic trading is perhaps the most discussed of all. If we take a closer look at its application today, automated trading reflects our attitudes towards technology and how it is evolving the way we invest. Yet much of the discussion is still fixated on the hypothetical scenarios that automated trading would take over human jobs. Much less weight is being placed on the fact that AI through its fundamental form known to many as algorithmic trading has been used by institutional and retail investors for almost a decade now. “But there’s an obvious gap between institutional and retail users when it comes to trading and we aim to bridge that gap by creating a ‘level playing field’ for Level01 users. We do this by empowering them with our AI price discovery mechanism known as ‘FairSense’” says Naglis Vysniauskas, Head Quant Developer at Level01. “The AI was built using cross-stream analytics that were previously available only to institutional organizations.” From helping investors to assess true market value of the contracts to enabling them to continuously update their bid or offer price relative to the implied fair value by FairSense, plenty of functions were built in to support human-collaborated trading, rather than substituting it. Introducing these features on a sleek user-friendly app is a strategic step-by-step approach to help the public get used to a whole different way of investing on an efficient and trustworthy Peer to Peer Derivatives Market platform like Level01. “People will experience trading at speeds, liquidity, freedom, accountability and transparency that have never been available before” says Vysniauskas. Those that find it hard to believe, can now experience trading on Level01 without limitations traditionally set by brokers, who would force their clients to accept their given price, disallow clients from dictating the best execution and insist that clients to trade at a ‘spread vs. mid’ (clients have no power to negotiate the level of spreads which they pay). The level of freedom granted to users on Level01 is enticing and highly persuasive. “On the Level01 Derivatives Exchange platform, retail investors (or users as we call them) can trade against multiple peers or brokers, and this enables them to find best execution available,” says Vysniauskas. “Also, the ability to specify a fixed spread to fair value of an instrument could potentially reduce trading spreads significantly for large investors.” The practicality of this feature though may not fit small investors though, because leaving fixed bid or offer prices without continuous adjustment would be risky in markets where sudden movements are common. “That is why we built Level01 to give users the freedom to continuously update their bid or offer price relative to the implied fair value by FairSense, this is so that if the trade is not a match, the bid or offer price is updated continuously as market moves to ensure that it is always priced competitively relative to the most recent fair value” adds Vysniauskas. HOW DOES FAIRSENSE WORK TO LEVEL01 USER’S ADVANTAGE? For the purposes of explaining how FairSense AI helps users on Level01, we take a look at this case study of a Binary Option Example on EUUSD Forex Pair. https://preview.redd.it/qqiilcks9z321.png?width=600&format=png&auto=webp&s=cfff89ed36c8051751e93f072c5c5f89b2ecace5 A 10-minute binary put option is being offered at a $59.73 (fair value +$0.50). The order is not filled or matched almost immediately, and after 4 seconds, the EUUSD spot price has moved by 1.5 pips and the fair value has not moved above the investor’s offer price. In this case, a contract is being offered below fair value. Now take a look at Chart 01 below. You can see that the relationship of the fair value of an option with the spot EUUSD price. You can tell that the fair value is highly dependent on the spot rate. Thus, if a retail investor submits an offer to an exchange, it might be filled at a time when it is already below the fair value — an undesirable scenario for investors. Such scenarios will stop investors from submitting further offers to the exchange. https://preview.redd.it/v9gfxbit9z321.png?width=600&format=png&auto=webp&s=fea9e3720a679b5f79e0306409c73f71844210ac To resolve this common problem, Level01’s FairSense AI enables all investors to quote ‘relative offers’ to FairSense’s fair value. This allows investors to simultaneously compete for the best offers without imposing them with a requirement to have their own algorithms for price estimation and having them continuously updating the quote manually. https://preview.redd.it/4lmbz3du9z321.png?width=600&format=png&auto=webp&s=dd59e23b3bab3d0d0097f5a0016bf489ddbbae4f In many ways, having AI as the norm will become essential to creating investment outcomes that are optimized for every type of investor, truly transforming the way trading is done. With an advanced Blockchain platform, AI and inbuilt frameworks that are designed to favor the user, Level01 will shape the future of automated trading on its Peer to Peer Derivatives Exchange at scale and speed that the world will come to marvel.
May 28th, 2018 Dear potential investors, I'm Nguyen Nam Hai, C.E.O of ClickGem Project (ClickGem Inc – Belize), you can call me as Hai! First of all, thanks for your interest in ClickGem Project, this is the honor of our development team! Second, although you can find all information about ClickGem project on the internet, I still want to provide you a brief summary and explain which can help you to understand this project easily and fully: - ClickGem project is creating a new payment system which is much better than all current payment systems, include PayPal and other similar payment systems! We are focusing on developing a payment gateway (paygate) which can support to pay and receive payment with multiple different currencies (both cryptocurrencies and fiat money), it has a special feature for exchange currency instantly during transaction, through exchange floors (this is an important advantage because buyers can pay by any currency and they not need to match with currency which sellers want to receive, and always get the lowest exchange rates from the market) and very low fee. That is our core application! Then we will develop additional an ecosystem of applications and APIs to support that core application. We will also develop two-directions API for our paygate so it can integrate with other forex/cryptocurrency exchanges to increase liquidity and have more chances to find the lowest exchange rate when exchange currency for buyers/sellers when they using our paygate. - Another advantage of ClickGem paygate: at this time, not many merchants/sellers are ready to accept payments for their business by cryptocurrencies because of many reasons (tax declaration, risks of the exchange rate, risks of the liquidity, risks with the law - not many governments allow cryptocurrency business) while in fact have a lot of people owned cryptocurrencies want to use it as currencies for shopping, for payment... ClickGem paygate will support for cross-exchange between Fiat currency and cryptocurrency and it will be a solution to connect people owning cryptocurrency with all merchants/sellers around the world. - ClickGem is a project started from January 2018 that aims to create all tools and applications which will support and encourage people to use more cryptocurrencies in different fields of the real life instead of only trading them like stocks/currencies/commodities on exchanges floors on the internet. Until now, we achieved some points on our roadmap and launched some important working applications. Our development team are still improving those applications (add more features, improve processing speed and security, optimize user interface) and developing new applications to build ClickGem ecosystem. You can see our roadmap at here: https://www.clickgem.com/roadmap.html . You can also test our applications by register an account on the website! - ClickGem project also has its own cryptocurrency called ClickGem (CGM). Web wallet, full-node wallet for Linux and block explorer had been launched already. Full-node wallet for Windows and MacOS are estimated to be launched in next month (June 2018)! Because ClickGem project focuses solely on developing an ecosystem of applications which support for all cryptocurrencies, so the CGM cryptocurrency is simply forked from Litecoin open source. However, we think it is good enough to use as a cryptocurrency, no need any new additional features! - ClickGem project is a service provider and we will generate profits mainly from collect fees from people who used our tools and applications. We released our owned cryptocurrency to raise fund from the community to have more budget for ClickGem project development. ClickGem cryptocurrency has all the same function with other currencies which supported by our system. But our users will always get 50% discount on every fee when utilizing ClickGem cryptocurrency (cheaper fee than other currencies). Especially, some future applications in ClickGem ecosystem will only support for ClickGem cryptocurrency. People can also trade ClickGem cryptocurrency in many other public exchange floors. When ClickGem ecosystem is fully developed and present at all of its target markets, it will have a lot of users around the world. Needs of CGM cryptocurrency will increase a lot (because it has a lot of incentives compared to other cryptocurrencies which supported in ClickGem ecosystem) while its maximum supply is only 30 million, so its price will increase rapidly! - Until this time (May 2018), ClickGem website has very good ranking, over 60,000 registered users and over 22,000 followers on Telegram and still increasing day by day. - ClickGem is a young project but developer team is professional and high qualified but, above all, is very motivated in achieving predetermined goals. If ClickGem project succeeded: - It will help all merchants/sellers have a better way to receive payment and have more buyers. - It will help all buyers have a new payment method which is more flexible and better than all old methods, easier for online shopping. - It will help all people who owning cryptocurrency can use their cryptocurrency to do more things than only trading it on exchange floors. - It will help many exchange floors (include Forex and cryptocurrency exchanges) have more buy orders and improve liquidity. - It will accelerate the implementation and application of global blockchain technology. ClickGem project will be a global service like PayPal, Amazon, Alibaba or Aliexpress so it can access all markets in the world and its scalability is unlimited! Our project will attend to ICORace event (www.icorace.ch) in Switzerland on June 6/7th. Have over 100 ICO applications sent to ICORace, but our project is on top 20 ICO projects which will enter semi-finals! That means our project is highly appreciated by the ICORace organizer. We will have a chance to present our project as a speaker to a lot of investors at there. This is a very good chance to attract people from ICORace event to our project! Our project also attended to the 2nd Global Fintech & Blockchain China Expo 2018 at Shanghai (China) on last month (April 2018) and attended to the World BlockChain CryptoCurrency Summit Moscow 2018 (WBCSUMMIT MOSCOW 2018) in Russia on this month (May 2018). Our business idea is also highly appreciated by every people in both events! You can see our presence in both events at here: https://www.clickgem.com/updates-apr-12-2018-clickgem-team-…https://www.clickgem.com/updates-may-20-2018-meet-us-at-wor…https://www.clickgem.com/updates-may-19-2018-meet-us-at-wor… Third, I want to tell you about my personal story and the reason of idea to start the ClickGem project: I'm a businessman and I have a small factory in Vietnam for producing hair extensions & wigs products (Company introduction: https://www.youtube.com/watch?v=fMHk0UyA05s). I have been running this business for about 10 years. Most of the products produced in my factory are exporting to many different countries (USA, Russia, Brazil, Mexico, Germany, Portugal, UK, Hong Kong, Korea etc...). Within 10 years doing international business, one of biggest troubles for my business is receive payments from international clients because most of my clients don't want to pay directly to my company bank account because of the barrier of customs and import procedures, etc... To maintain business with those clients, I have to suggest them to: - Pay to my personal bank account >> It usually makes trouble to me for tax declaration. - Pay through personal money transfer companies like Western Union, MoneyGram, Unistream, etc... >> Can only receive small amounts, high fees. I still have trouble with tax declaration. - Pay through PayPal >> Many limitations and very high fee (PayPal transaction fee is 4.4% but the total amount I lose usually up to 12% because PayPal only allows merchants to withdraw money from the account by local currency and they always apply exchange rates which are very disadvantage for the merchant). I still have trouble with tax declaration - Pay by cash through brokers, pilots or flight attendants >> No trouble with tax declaration but can't transfer big amounts. High fee, and high risk! Because of limitation and barriers to receiving payment, I can't easy to expand my business. I know that not only I have this trouble, a lot of business people are having the same trouble! I never stop finding the better solution to solve problems with receive payment! Until when I know about cryptocurrency which created using blockchain technology and strong communities are supporting the cryptocurrency, I strongly believe it can replace our current currencies in a future near. Cryptocurrency has a lot of advantages which compared to our current currencies. However, now is just the beginning of the era of cryptocurrency, we still have not many applications with enough features to support cryptocurrency to become our main currency. I start thinking about ClickGem Project which can have all features combined from PayPal, CoinBase, Forex websites, cryptocurrency exchange websites, Amazon, Alibaba, Aliexpress, etc... which can support strongly for cryptocurrency and become a perfect system for payment and exchange currencies. Currently, my team has not many people, but we can achieve many goals within a short time (about 5 months), although before that we haven't any preparation and even don't know many about blockchain technology. That can show our ability is not small and that ability will continue to multiply many times when we have more budget to recruit more talented people! I know that still have many difficulties in future and still need more time make ClickGem system become a perfect system, but I strongly believe that every difficulty will have the solution to solve (like the way I have been done with my current business from the zero) and I believe can make these ideas become real! Other reasons make me strongly believe ClickGem project will be succeeded and it could become the big system like PayPal, Amazon, Alibaba, Aliexpress, etc… are: I believe that when we do anything if we don't believe in ourselves and what we are doing, we will never succeed. And what is easy come will easy go, only goals which are difficult to be achieved will create the real value! My team members owned a same great skill is we never give up and we will always search for solutions to solve all difficulties! I also know that because of the unstable situation of politic and economy are happening many places around the world, so many people start finding better currencies for daily transactions or hold as an asset instead of Fiat currency (cash, money at banks), gold or some things like that, this is also the main reason to make cryptocurrency become a very hot trend at this time! I believe that is the normal evolution and development of human society (in our history has witnessed many similar phases and events)! I have enough knowledge about IT field and doing business, I understand that to build systems like PayPal, Amazon, Alibaba or Aliexpress is not very difficult, I'm total can build similar systems but my systems even can support for both cryptocurrency and Fiat currency! Those companies only difference with me is they have a great opportunity to receive support from big funding companies and even government because all of them are established at the beginning of the era of the internet (For example: Alibaba has established from the beginning of the era of the internet in China, so they have opportunity to receive great support from big funding companies like SoftBank, etc... and the Chinese Government about resources, relationships, policies, etc...). The beginning of the era of the stock market is also similar to the beginning of the era of the internet, also generated many big names and many big companies. Current is the beginning of the era of the blockchain technology and cryptocurrency, I believe that we have the same opportunity with PayPal, Amazon, Alibaba or Aliexpress... Why not take this opportunity? My team only think and do, with all of our efforts and sincerity, I believe we can convince and get support from many investors to realize our dream! I still have a lot of ideas to do with ClickGem project, however, my budget is limited and I can’t do everything alone! So, I always looking for more people who can join a hand with me, together to make this project succeed! Would you like to join one hand with me? I hope ClickGem project can meet your interest and opens the way for an interesting and profitable collaboration! Thanks for spending your time to read my proposal and I hope you will spend more time to review ClickGem project! Looking forward to hearing from you soon! Best regards, --- Nguyen Nam Hai – CEO [email protected] ClickGem Project https://www.clickgem.com https://www.clickgem.com/ceo-letter-may-28-2018-clickgem-pr… t.me/clickgem/179
[uncensored-r/CryptoCurrency] Stop-loss hunting: An incredibly common way that "whales" steal your coins, and how to prevent it
The following post by CaffeineIsMyHeroin is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7y8aiq The original post's content was as follows:
I've been investing in crypto for a few months now. I've certainly made some mistakes by applying trading strategies from my stock trading days to crypto, when crypto has a vastly different environment. One of the things I learned early on was how rampant and widespread stop-loss hunting is. This post is meant to give a brief explanation on what stop-loss hunting is, how to identify it, and how to avoid being hunted yourself. You may have heard that stop-hunting is not a big thing in the stock market or forex. This is true, but I assure you its very real in crypto.
Stop-loss hunting is the act of intentionally pushing the price down through a major support level to trigger stop-loss orders, creating a flash-crash which can then be used to buy coins on the cheap.
It is incredibly easy to do with anything that has low volume at any point during the day, which is a vast majority of cryptos outside the top 15.
Let's say you're a whale with a large amount of BTC and you have reason to believe there's some awesome news coming out for coin ABC which will generate a nice pump, so you have been accumulating this coin over the past week and are sitting on about 50BTC worth. The volume on the coin is currently very low and so you can't purchase any without driving up the price, which you don't want to do.
First you look at the price, order book, and volume, and note the following:
It's currently trading at 105K satoshi.
The order book is very thin - there's only about 6 BTC worth of buy orders between 105K and 100K
There's only another 2BTC of buy orders just below 100K.
anything below 95K you don't care about.
You know that 100K is a major psychological level and there are bound to be stop-loss orders below it.
Time to go hunting and pick up some more coins for cheap!
You place several market sell orders totaling 5 BTC, driving the price down to 101K.
You then place some massive sell walls of 4-5BTC at 101.5BTC, hoping to trigger panic.
If panic doesn't follow, you make a few more market sells and the price collapses down to 100K.
A few more sells and you push the price to 99K.
Now the fun begins. You have sold off about 10BTC of your 50BTC position, now sitting on 40BTC.
Plenty of retail investors had their stop-losses placed at 99.5K, and their orders are triggered. They begin placing limit sell orders (without even knowing) and driving the price down further.
The price has now collapsed to 96K, almost a 10% drop, in just a few minutes.
There are now 30BTC of stop-loss orders for sale between 96K and 105K, and you buy them all.
Price returns to the previous 105K and you now own 70BTC worth of coin ABC.
In short, by selling 10BTC of your position for an average of 101K you created a short-lived 10% price collapse which you then took advantage of to buy up a bunch of cheap coins from stop-loss orders for an average of 99K. Not only do you now own 20BTC more of your coin, but you got them at a discount. Awesome for you, sucks for the poor holders who you hunted and now no longer have their coins.
How do you prevent getting "hunted"? There are really two ways.
Use price alerts instead of stop-losses.
By the time you get the alert and check the price, the hunt will probably be over. The downsides to this are that it requires a strong ability to remain unemotional - something most people don't have (and why people use stops in the first place). You still have to honor your mental stop-losses, you just also allow them a bit of time to ensure that the move was authentic. In trading circles you'll here this referred to as "letting the candle complete."
Place smarter stop-losses.
As you can see from the previous graph, price fluctuations and volatility in this market is significant. The best way to do this is to look at the average order book size, calculate volume and how many sells it would take to crash the price a given amount, and ensure your stop-loss is below that. You should also place stop-losses away from major psychological levels, such as 100K satoshi or even 99K. Place them either higher (106K) or lower (94K) depending on the market. I personally roll with option 1 (assuming I even have coins on an exchange, which is rare), but there's nothing wrong with either choice.
I hope this has helped at least one or two people understand what stop-loss hunting is, why it's important, and how to avoid being "hunted" and having your coins stolen from you.
I also have suspicions that binance has bots that chase stop-loss orders.
As an experiment I placed a stop about 5% below the current price on a coin and with only about 1BTC of buy orders between my stop and the price. Within 5 minutes my coins had been stopped out and the price had returned to its previous level.
If volume is low enough, a whale can push the price down through a major support and trigger your stop loss orders and then take your coins from you. Other references - note, none are about crypto so some assumptions they make do not apply such as stop-hunting not being a thing in forex (it's definitely a thing in crypto).
https://preview.redd.it/uis77n5jtlg11.jpg?width=696&format=pjpg&auto=webp&s=55da8eb9e1eb652aecf92162343dc8c5e9b484d2 Good day everyone, Here is the full Q&A that Paul Johnson did on Telegram on August 6. Apologies for the delay. First off, on behalf of management, we appreciate everyones patience while we roll out the exchange. While crypto is very complex and has lent to some delays, and things not moving as fast as we or the community wants, we want to let everyone know we are doing everything we can to "spped" things up. Q : Can I trasfer BTC directly, from Bitforex (yes, that scam, I just dumped a wreck train I held) to Tradeio? Because I have Mew, but Mew cant store Btc A : We are actually adding to our dev team and adding experienced blockchain people that have worked on exchanges before, which are very far and few between. Additionally, we've added to the marketing team, and are revisiting the way we approach the social outlets like Twitter, to ensure its much more accomodating and interactive. Q : when LP, when exchange full launch ? A: As we said LP wouldn't happen less than a month after exchange launch. This was said to manage expectations. Realistically though, based on the volume currently on the exchange which is very little, it only makes sense to open the LP up once there is some substantial revenue coming through so LP participants aren't sharing pennies. We expect once the exchange is up and running fully, revenue to come. You combine that with the OTC revenue (deals are already being lined up), consulting revenue, etc. the overall LP revenue should then be decent. There are other "goodies" that are being finalized now to increase utility of TIO i..e adding to revenue for LP, that will also help out sooner rather than later. Q: How much volume are we expecting so LP smoothly runs? A: It's impossible to say, but assuming their figures are "real" you could probably benchmark us against similar exchanges on CMC and look at their volumes. One thing though that's important to mention is that we've already started work on margin trading and if you look at Bitmex, which flies under the radar, the margin component really enhances volumes for obvious reasons. Q: What's the progress with the Fortune 500 company mentioned? A: Yes, management is aware that JPM mentioned something like this during the Cyprus expo. For obvious reasons we really can't go into that too much, and in hindsight i think JPM would have kept that "closer to the vest." With that said, however, management are in talks with quite a few different companies, as our exposure is growing and companies appreciate the way we're approaching the exchange from a regulatory standpoint...i.e. not running from it, but rather running to it. Q: What is real showstopper for slow rate or user additions to exchange. When can we expect to add all the 20k backlog users? A: Yes, fully aware of that, and that's a major point that management has stressed to the devs, that this backlog needs to be cleared, as TIOnauts have waited long enough. The core components of the exchange have been working very well, with the exception of a few bugs, and we're happy with latency, the matching engine, and deposits/withdrawals. Q:Any profit (however small), will be saved for the LP? 50% of it that is A: Yes, consulting profits, profits from any JV's, etc. will be "saved" and accrued for release once LP starts. Q:Hey Paul, do you have any information about when restricted countyes will have access? For ex any info about croatia? A: TIOnauts to be clear the following countries (areas) are part of the OFAC list which will not be able to trade with trade.io. Please take note of the Balkan Islands: Balkans (Serbia, Albania, Bosnia, Croatia, Macedonia, Kosovo) Belarus Burundi Central African Republic Crimea Cuba Democratic Republic of the Congo Iran Iraq Lebanon Libya North Korea Somalia Sudan Syria Yemen Zimbabwe Q: When will we see improvements in your KYC process? I expected to see online forms, digital signature processes, video verification etc. . A: As mentioned the other day, this week dev's will be removing the need to verify if you're withdrawing less than 2 BTC equivalent in a 24 hour period. Going forward, there will be no need to print and sign anything, it will all be done electronically. In terms of video verification, honestly speaking, I'm not sure how scalable that is given the sheer number of people that trade crypto. Could you point to any other exchanges with large volumes that conduct video verifications? Q: I know that the exchange was properly stess tested. In that context do we know what is the max volume TIO exchange can handle at the moment? A: Last figures I heard were given the infra as is now, high 6 figure orders per second, which is very robust and will tie us over for quite some time, if this is the benchmark right now. Q: the team is saying everything i want to hear right now as far as im concerned this is an awsome project crypto industry is moving fast and we are all a part of it A: Thank you, but saying is different than doing....its very important that we execute in a timely manner, otherwise its just "lip service." Management is modifying the way somethings are being done internally to insure that TIOnauts are getting a more timely delivery of all the great things that have been told to them. Q: Withdrawal of less than 2 btc will be avaliable a limited amount of time or permanent? A: Permanent. Q: croatia is sepa country in EU, what is stopping you from supporting kyc from there? A: We don't create the OFAC list, until Croatia is removed, our hands are tied. Q: Bitpanda. If something's hard to do, that doesn't mean it's not worth doing - I'm sure you clever people can make it scalable. KYC is usually first point of contact with an exchange - The more fluid and easy the process is the better A: Noted, and agreed, its not about being "hard" its about being scalable. Will 100% look into adding something like this, but need to check with regulators first to see if this is allowable. Q: When mobile layout up as predefined template so everyone can use the exchange while waiting an app version ? A: we're working on a completely sep layout for mobile as you mentioned. Explain what you mean regarding a predefined template for mobile? You mean a layout that's more friendly for mobile based on the exchange as is now? Q: Gm Paul, tks for AMA. Questions: 1) Are revenues from Angel Investor program also going to LP? I guess it does but haven’t seen stated yet. 2) when we should expect matching engine to be more consistent and pick up on volume because right now it works sometimes and at really low volumes. A: 1) Yes, Angel Investor is tied into the Consulting program. 2) What do you mean by "matching engine to be more consistent"? Q: maybe much better if we have mobile apps to download A: Correct, and that development has started. Q: 1)Tks. 2) i see that bots are working right now, looking at trading history each trade is really low volume, only 0.00xx units and not everytime, A: Yes, good observation, we have bots generating tiny trades for the sake of creating charts...otherwise, based on volume by "real" clients, the charts would look pretty bad. We're keeping the volume small, so when we turn over to CMC, we're now skewing volume with bots...much like BitForex got caught doing. Bots are not 100% flawless unfortunately like actual trading, so unfortunately need to grin and bear this for the near term, until we can turn the bots off, and rely on real people trading which is that way it should work. Q: What s the planned improvements on marketing and social presence you mentionned earlier ? A: Once exchange is open to everyone, only then will API be available, as agreed, that's when the bigger traders will come knocking. Q: Ok thx for explanation, i thought that was matching engine at work as sometimes it does hit on real orders, but mostly are in fact done at px between real orders. A: No, many of those tiny orders are the bots, again, without them the charts would look like big blobs. Q: While I sent in KYC I had the moon theme and the file names were almost unreadable. In the other themes it was fine but the colour of the filenames needs to be adjusted for the moon theme A: Yes, this was brought up in previous chats, we'll see to it this is fixed. We shouldn't expect you to upload docs if you can't see what needs to be uploaded Q: It was after session timeout and relogin A: They've been trying multiple things, glad to hear it may be fixed. Q: 25k already seem pretty low ! A: Yes, in this space it is, but we want to get traction more importantly and start generating rev for the lp. Will def be increased, as we expect very heavy flow based on initial indications. Q: 25 is the minimum though? So many will be higher A: Yes, we're already working out high 6 figure deals already through our dealers relationships.
Check out our most recent Q&A from Biggie Paul discussing the latest at trade.io
We conduct regular Q&A sessions on our official Telegram channel. Join us to ask questions and get the latest news and updates from trade.io. Telegram: https://t.me/TradeToken First off, on behalf of management we appreciate everyone's patience while we roll out the exchange. While crypto is very complex and has lent to some delays, and things not moving as fast as we, or the community wants, we want to let everyone know we are doing everything we can to "speed" things up. Q : Can I transfer BTC directly, from Bitforex (yes, that scam, I just dumped a wreck train I held) to trade.io? Because I have Mew, but Mew cant store BTC. A : We are actually adding to our dev team and adding experienced blockchain people that have worked on exchanges before, which are very far and few between. Additionally, we've added to the marketing team, and are revisiting the way we approach the social outlets like Twitter, to ensure its much more accommodating and interactive. Q : When will the LP (liquidity pool) and exchange fully launch? A: As we said LP wouldn't happen less than a month after exchange launch. This was said to manage expectations. Realistically though, based on the volume currently on the exchange which is very little, it only makes sense to open the LP up once there is some substantial revenue coming through so LP participants aren't sharing pennies. We expect once the exchange is up and running fully, revenue to come. You combine that with the OTC revenue (deals are already being lined up), consulting revenue, etc. the overall LP revenue should then be decent. There are other "goodies" that are being finalized now to increase utility of TIO i..e adding to revenue for LP, that will also help out sooner rather than later. Sine the Q&A, the liquidity pool release date has be set to 9th October and the exchnage is open for all. Q: How much volume are we expecting so that the LP runs smoothly? A: It's impossible to say, but assuming their figures are "real" you could probably benchmark us against similar exchanges on CMC and look at their volumes. One thing though that's important to mention is that we've already started work on margin trading and if you look at Bitmex, which flies under the radar, the margin component really enhances volumes for obvious reasons. Q: What's the progress with the Fortune 500 company mentioned? A: Yes, management is aware that JPM mentioned something like this during the Cyprus expo. For obvious reasons we really can't go into that too much, and in hindsight I think JPM would have kept that "closer to the vest." With that said, however, management is in talks with quite a few different companies, as our exposure is growing and companies appreciate the way we're approaching the exchange from a regulatory standpoint...i.e. not running from it, but rather running to it. Q: Any profit (however small), will be saved for the LP? 50% of it, that is A: Yes, consulting profits, profits from any JV's, etc. will be "saved" and accrued for release once LP starts. Q: Hey Paul, do you have any information about when restricted countries will have access? For example, any info about Croatia? A: TIOnauts to be clear the following countries (areas) are part of the OFAC list which will not be able to trade with trade.io. Please take note of the Balkan Islands: Balkans (Serbia, Albania, Bosnia, Croatia, Macedonia, including Kosovo) Burundi Central African Republic Crimea Cuba* Democratic Republic of the Congo Iran* Iraq Lebanon Libya North Korea* Somalia Sudan* Syria* Yemen Zimbabwe Q: When will we see improvements in your KYC process? I expected to see online forms, digital signature processes, video verification etc. . A: As mentioned the other day, this week devs will be removing the need to verify if you're withdrawing less than 2 BTC equivalent in a 24 hour period. Going forward, there will be no need to print and sign anything, it will all be done electronically. In terms of video verification, honestly speaking, I'm not sure how scalable that is given the sheer number of people that trade crypto. Could you point to any other exchanges with large volumes that conduct video verification? Q: I know that the exchange was properly stress tested. In that context do we know what is the max volume TIO exchange can handle at the moment? A: Last figures I heard were given the infra as is now, high 6 figure orders per second, which is very robust and will tie us over for quite some time, if this is the benchmark right now. Q: The team is saying everything I want to hear right now as far as I'm concerned! This is an awesome project, the crypto industry is moving fast and we are all a part of it. A: Thank you, but saying is different than doing....its very important that we execute in a timely manner, otherwise it's just "lip service." Management is modifying the way somethings are being done internally to ensure that TIOnauts are getting a more timely delivery of all the great things that have been told to them. Q: Withdrawal of less than 2 btc will be available for a limited amount of time or permanent? A: Permanent. Q: Croatia is separate country in EU, what is stopping you from supporting KYC from there? A: We don't create the OFAC list, until Croatia is removed, our hands are tied. Q: Bitpanda. If something's hard to do, that doesn't mean it's not worth doing - I'm sure you clever people can make it scalable. KYC is usually the first point of contact with an exchange - the more fluid and easy the process is, the better. A: Noted, and agreed, it's not about being "hard" it's about being scalable. Will 100% look into adding something like this, but need to check with regulators first to see if this is allowable. Q: When is the mobile layout up as a predefined template so everyone can use the exchange while waiting an app version? A: We're working on a completely separate layout for mobile as you mentioned. Explain what you mean regarding a predefined template for mobile? You mean a layout that's more friendly for mobile based on the exchange as is now? Q: Gm Paul, tks for AMA. Questions: 1) Are revenues from Angel Investor program also going to LP? I guess it does but haven’t seen stated yet. 2) When should we expect a matching engine to be more consistent and pick up on volume because right now it works sometimes and at really low volumes. A: 1) Yes, Angel Investor is tied into the Consulting program. 2) What do you mean by "matching engine to be more consistent"? Q: Maybe much better if we have mobile apps to download A: Correct, and that development has started. Q: 1)Tks. 2) I see that bots are working right now, looking at trading history each trade is really low volume, only 0.00xx units and not every time. A: Yes, good observation, we have bots generating tiny trades for the sake of creating charts...otherwise, based on volume by "real" clients, the charts would look pretty bad. We're keeping the volume small, so when we turn over to CMC, we're now skewing volume with bots...much like BitForex got caught doing. Bots are not 100% flawless unfortunately like actual trading, so unfortunately need to grin and bear this for the near term, until we can turn the bots off, and rely on real people trading which that way it should work. Q: What's the planned improvements on marketing and social presence you mentioned earlier ? A: Once exchange is open to everyone, only then will API be available, as agreed, that's when the bigger traders will come knocking. Q: Ok thanks for the explanation, I thought that was matching engines at work as sometimes it does hit on real orders, but mostly are in fact done at px between real orders. A: No, many of those tiny orders are the bots, again, without them the charts would look like big blobs. Q: While I sent in KYC I had the moon theme and the file names were almost unreadable. In the other themes it was fine but the colour of the filenames needs to be adjusted for the moon theme. A: Yes, this was brought up in previous chats, we'll see to it this is fixed. We shouldn't expect you to upload docs if you can't see what needs to be uploaded. Q: It was after session timeout and re-login.. A: They've been trying multiple things, glad to hear it may be fixed. Q: 25k already seem pretty low! A: Yes, in this space it is, but we want to get traction more importantly and start generating rev for the lp. Will def be increased, as we expect very heavy flow based on initial indications. Q: 25 is the minimum though? So many will be higher... A: Yes, we're already working out high 6 figure deals already through our dealers relationships.
Stop limit orders are slightly more complicated. Account holders will set two prices with a stop limit order; the stop price and the limit price. When the stop price is triggered, the limit order is sent to the exchange. A limit order will then be working, at or better than the limit price you entered. With a stop limit order, traders are guaranteed that, if they receive an execution, it will ... Limit orders and stop orders tell your broker how you want to fill your trades, but operate differently. Limits only hit a specific number, for example. The market orders can be executed very quickly at the market after it is placed at the exchange. Difference between buy limit and buy stop order. Limit orders-If you want to buy some product and sell it at a higher price, then the limit order is very helpful. One thing which is really important if you are placing orders by yourself in a trading ... Stop-limit orders are similar to stop-loss orders. But as their name states, there is a limit on the price at which they will execute. There are two prices specified in a stop-limit order: the ... When to use stop-limit orders. When you submit a stop-limit order, it is sent to the exchange and placed on the order book, where it remains until the stop triggers or expires or you cancel it. Stop-limit orders will only trigger during the standard market session, 9:30 a.m. to 4:00 p.m. Eastern time. Stop-limit orders won’t trigger or ... Stop and limit orders in the forex market are essentially used the same way as investors use them in the stock market. A limit order allows an investor to set the minimum or maximum price at which ... For example, there also exist Buy Stop Limit Order and Sell Stop Limit Order that are not available in MT4. Now back to the above-mentioned difference between Limit and Stop orders. If you want to make a buy trade, you may open both Buy Stop and Buy Limit orders. In this case, the first is set above the current price, and the second – below it.
Stock Order Types: Limit Orders, Market Orders, and Stop ...
A short video explaining the concepts of buy stop, sell stop, buy limit and sell limit. This video is specifically made for Solutions' students under the bas... Subscribe: http://bit.ly/SubscribeTDAmeritrade When placing trades, the order type you choose can have a big impact on when, how, and at what price your orde... To get the transcript and MP3, go to: https://www.rockwelltrading.com/coffee-with-markus/stop-order-vs-limit-order-whats-the-difference/ There's a huge diffe... Learn how Stop Market, Stop Limit, and Trailing Stop orders can help protect your investments or cap losses. Open an account: https://go.td.com/2mEv4uj Learn... http://www.onestepremoved.com/magic-number/ Many of our clients develop MetaTrader Expert Advisors that use pendings orders to enter the market. However, man... When it comes to managing risk, stop orders and stop-limit orders are both useful tools, but they aren’t the same. Join Kevin Horner to learn how each works ... The difference between stop, limit orders and market execution - Duration: ... How to Place Forex Pending Orders (Buy Limit - Sell Limit - Sell Stop - Buy Stop) - Duration: 43:12. Trading with ...