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All you need to know about Yield Farming - The rocket fuel for Defi

All you need to know about Yield Farming - The rocket fuel for Defi
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It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.
According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV.
Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token.
Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms.
That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers.

https://preview.redd.it/lxsvazp1g9l51.png?width=775&format=png&auto=webp&s=a36173ab679c701a5d5e0aac806c00fcc84d78c1

Where it started

Ethereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency.
Another term floating about is “liquidity mining.”
The buzz around these concepts has evolved into a low rumble as more and more people get interested.
The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes.
But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them.
We’re going to go from very basic to more advanced, so feel free to skip ahead.

What are tokens?

Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.
But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT).
If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet.
Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol.
So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on.
Read more: Why DeFi’s Billion-Dollar Milestone Matters
One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.

What is DeFi?

Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.
In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet.
On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC.
(Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.)
Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral).
Read more: There Are More DAI on Compound Now Than There Are DAI in the World
If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user.
So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.

Doesn’t running a bank take a lot of money up front?

It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.
Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts?
“In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg.
Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market.
On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.

Why do I keep hearing about ‘pools’?

To illustrate why more money helps, let’s break down how Uniswap works.
Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both.
The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity.
(Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.)
Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful.
You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow.
And this brings us back to tokens.
Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”

So how much money do people make by putting money into these products?

It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.
Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing.
However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted.
Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range.
Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another.
Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on.
So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.

OK, I already knew all of that. What is yield farming?

Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.
At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk.
“Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant.
Because these positions are tokenized, though, they can go further.
This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender?
In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here).
They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on.
Right now, however, things are not normal, and they probably won’t be for a while.

Why is yield farming so hot right now?

Because of liquidity mining. Liquidity mining supercharges yield farming.
Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity.
“The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp.
The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token.
Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more.
So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies.
Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business.
The results were very surprising, even to Compound’s biggest promoters.
COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now.
This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender?
COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money.
It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible.
“Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital.
COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now.
Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not.
As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve.
It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity.
The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect.
So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.

Did liquidity mining start with COMP?

No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.
This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token.
Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing.
These initiatives illustrated how quickly crypto users respond to incentives.
Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools.
When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible.
Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.

Is there DeFi for bitcoin?

Yes, on Ethereum.
Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin.
A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person.
DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly.
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC.
Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference).
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.

How risky is it?

Enough.
“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.”
We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken.
As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches.
Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught.
And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone.
That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops.
“Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.)
Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).

What’s next for yield farming? (A prediction)

COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.
“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models.
We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior.
Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal.
(There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.)
As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches.
Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op?
Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
submitted by pascalbernoulli to Yield_Farming [link] [comments]

The One Thing EVERYONE Must Know About the Dev Funding Plan: IT'S COMPLETELY FREE.

sigh I get so tired of having to stop working to put out a post explaining issues. If anyone else wants to join in I could use help. (actually I've seen Jonald F. do this before too, so thanks JF!)
Things are bad when even developers don't understand what's going on. So I'll try to clearly explain an important point on the Dev Funding Plan (DFP from now on) for the community: it's completely free. Yet we still get panicked posts saying Please Save Us from the TAX!!! Somebody Help!
You may be for or against the DFP, but either way please at least understand what you're forming an opinion on.
Let's start from the beginning. We know Bitcoin works on blocks and block coin rewards. The block reward, which started at 50 coins per block, and cuts in half approximately every 4 years, serves two purposes: it's a fair way to bring coins into circulation, but more importantly it provides security for the network.
For simplicity, please think of "security" as being measured in power bars. When the network first started, with just Satoshi and Hal Finney, there was 1 power bar. This power bar was made up of the electricity their combined computer hardware used to find blocks. They were the first miners. Bitcoin uses a difficulty level to adjust how hard or easy it is to find blocks. This level is important for a key reason: we want the inflation rate of coins (how fast they come into circulation) to stay about the same, regardless how many miners (computing power) suddenly comes online. If the difficulty is set at super easy, but suddenly a super computer comes online that computer can gobble up thousands of coins in minutes if not seconds, creating massive rapid inflation. So the first thing to understand is that due to the Difficulty Level Adjustment the rate of coins coming into circulation will always stay about the same, regardless how many miners join or leave the network.
Getting back to power bars. So the point of Bitcoin is there is no center, no fixed authority. The problem is we still need a decision made about which chain is valid. This is where proof-of-work comes in. Satoshi's fairly brilliant solution to a consensus decision, with no leader, was to simply look for the longest chain (technically the chain with most hashing work). The reasoning was: as there are far more ordinary people than there are governments and dictators a Bitcoin supported by the all the world's people should always be able to muster more hashrate than even rich governments.
So Bitcoin began and people saw the brilliance: even with a weak power bar level of 1 (a couple computers), Bitcoin was safe from 51% attacks and attacking govs competing for control of the chain because a super low hashrate meant Bitcoin wasn't popular and govs wouldn't bother paying attention. By the time Bitcoin was big enough for govs to worry about attacking it should also have so many participants the power bar level would be far higher, providing strong defense.
Let's say the ideal power bar level is 50,000. At this level no government on earth has enough resources to beat the grassroots network. We hear people brag about how much security BTC has. However, the marketcap for all of BTC is about $160B. Countries like the U.S. and China have GDP measured in many trillions; a trillion is 1,000 billion. Does 160B really seem untouchable? For numeric comparison the main U.S. federal food assistance program cost the government $70B in 2016, representing about 2% of the budget. So the entirety of the BTC market cap is about twice the size of one welfare program, representing 2% of the overall budget. Where should we place the current security power bars if we want guaranteed safety from a determined U.S. gov? If 50,000 is guaranteed safe we're far from it. I'd say BTC is more like 5,000. That's still pretty decent.
Of course, BCH split from BTC... and didn't carry over all the miners and accompanying security. That's not an immediate concern because if BTC isn't on government's radar yet BCH sure isn't. However, that doesn't mean BCH doesn't need security from hostile forces. It's still a valuable network and needs defenses. Where would we put power bars for BCH? If BTC is 5,000 and BCH only has 3% of that hashrate then BCH has just 150. That's it.
How the Developer Funding Plan Works
Back to the DFP. What this says is as a community we agree to break off a piece of the block reward and instead of giving 100% to miners we give a small percent to developers. If each block is 10 coins and the price is $300 then winning a block means winning $3,000. Of course that's not all profit because miners have electricity and other expenses to pay before calculating profit. So if we reduce the portion of the miner reward by 10% so they get just 9 coins per block yet the price stays the same what happens? It means miners receive $2,700 for the same effort. We've just made it more expensive to mine BCH from the point of view of miners. What would any miner then rationally do? Seek profitability elsewhere if available. Suddenly BTC SHA256 hashing looks slightly more attractive so they'll go there. Hashrate leaves BCH and goes to BTC, but the key important point is BOTH chains have a difficulty adjustment algorithm which adjusts to account for rising or lowering miners overall, which keeps the coin inflation rate steady. This means BTC total hashrate rises (more miners compete for BTC) and its Difficulty Level rises accordingly, so the same rate of BTC pumps out; on BCH total hashrate falls (less miners compete for BCH) and its Difficulty falls, so the same rate of BCH pumps out. Inflation remains about the same on both coins so the price of both coins doesn't change any, beyond what it normally does based on news/events etc.
So what difference is there? The difference is total network security. Hashrate totals have changed. BTC gains more miner securing hashrate while BCH loses it. So BTC goes from 5,000 to say 5,100 power bars. BCH goes from about 150 to 140.
Does any of that matter in the grand scheme of things? Not in the slightest. Part of the reason is due to our emergency circumstances with BCH we had to rework our security model. Our primary defense is an idea I came up with, which BitcoinABC implemented, saying it's not sheer hashpower that dictates what chain we follow. We won't replace a chain we're working on if a new one suddenly appears if it means changing more than 10 blocks deep of history. This prevents all the threatening hashrate hanging over our heads from mining a secret chain and creating havoc unleashing it causing 10+ confimed txs to be undone, while exchanges, gambling sites etc. have long since paid out real world money.
Switching $6M worth of block rewards from mining to devs just means we lose a bit of hashrate security, while we gain those funds for development. Nothing more. Nobody holding BCH pays in the form of inflation or any other way. It costs literally NOTHING BECAUSE The block reward is ALREADY ALLOCATED. It will EITHER go 100% to mining security if we do nothing, or go to both miners and devs if the plan is put into effect. Hopefully this helps.
:)
TL;DR: we switch security which we don't really need, for developer funding which we do.
submitted by cryptos4pz to btc [link] [comments]

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The Digital Fantasy Sports (DFS) which is a premium blockchain sports arcade, an innovative fantasy sports gaming token and arcade based on the blockchain technology power driven by Ethereum smart contracts, emerge a winner in the 11th voting on the Coindeal platform. Coindeal exchange announced the Digital Fantasy Sports native token "DFS" as the winning cryptocurrency and will be trading on the Coindeal exchange between now and January 2019 after every necessary documentation. Every Digital Fantasy Sports and Coindeal's platform users will be able to trade on the vote of confidence –DFSToken.

WHY CHOOSE COINDEAL?

Coindeal exchange is an ground-breaking Cyprus-based cryptocurrency trading platform developed by Verified Trading Solution Limited that provides secure, fast and convenient cryptocurrency exchange services with unique features such as round the clock customer support team, real-time auditing, hundred percent uptime, personal (with a daily withdrawal limit of 100 BTC) and corporate account (unlimited withdrawal limit) opening, offers market and stop-loss order, fast deposit and withdrawals with credit card – supports Visa and Mastercard, inimitable transparency where users are allowed to have access to checking and knowing the exchange balances at any point in time – this is to make sure there are enough funds to service the platform users, and supports top cryptocurrencies such as LTC/BTC, BCH/BTC, ETH/BTC, DASH/BTC, QTUM/BTC and BTC/EUR trading pairs, and many more. Coindeal's platform charges is cost-effective with free deposit fees for all cryptocurrencies including fiat currencies. CoinDeal offers outstanding trading fees of 0.4% for market taker and 0.3% for the market maker, on all pairs. The withdrawal charges for BTC is 0.0008 BTC, while the withdrawal fees for other cryptocurrencies is 0.01 of the corresponding coin.The most important aspect of Coindeal is the platform absolute security– 90% of all Coindeal's funds are stored in a cold offline storage, while the company and client funds are kept under the custody of a Swiss Bank and Danish bank respectively. The platform is secured by SwissSign, SSL secure connection, and Cloudflare. Coindeal platform has charting tools and order book. Coindeal platform is transparent when it comes to the voting of cryptocurrencies – users are allowed to vote their coin of choice why Coindeal verifies the votes to make sure there is no bot-voting.

DIGITAL FANTASY SPORTS – ESPORTS GAMING PLATFORM

Getting full access to the Digital Fantasy Sports gaming platform is by registering yourself as a DFS member. Visit here for how to register as a member. Digital Fantasy Sports is using its own native currency "DFS" token and blockchain to skyrocket Esports and game lovers to the next level like never before. The Digital Fantasy Sports platform has its own Crypto Esports League platform for Peer-to-Peer (P2P) predictions for all game lovers globally. DFS is the first competitive gaming platform to be power-driven by blockchain technology thereby giving the power of prediction, competition, winning and lots more to the game players while providing the fastest means to deliver their hard-earned winnings directly to their DFS wallet. Digital Fantasy Sports is an ecosystem of competitive gaming. Thousands of players have predicted and won DFS token and you are not left out of the hard earn winnings which are a few clicks away. Arguably, Digital Fantasy Sports is the world's most legendary Esports League platform were you predict your preferred Esports Leagues with multiple fantasy choices utilizing DFS token. In the DFS platform, you can play your preferred day to day fantasy sports such as NFL (football), NHL (hockey), NBA (basketball), MLB, and lots more. Unlike the gambling sites that you pay to play, in DFS platform, users can play for fun without you paying a cent, enter the daily contest – this is only open to all members of DFSDraftlash, and visitors. DFS platform is so unique that you can create your own personalized and private contest thereby enabling you to invite your friends and families through email, social and by means of text message. The games are user-friendly that even a novice can be part of it, players can draft their own team from the player pools, and there is an auto-draft your team when you are not too sure of whom to select, DFSDraftlash offers an automated generated competitive lineup.The Esports market is a robust consumer market with untapped potential and core investors, giant-brand sponsors, renowned celebrities, core tech industries, and many more are all banking on Esports which makes Esports a legendary on the Digital Fantasy Sports platform. The Digital Fantasy Sports platform is leveraging the benefits of blockchain to spread-out smart contracts, host tournaments, fuel prediction, and ease the buying of virtual assets.Digital Fantasy Sports permits players to test their gaming skills and to predict on games without being dependent on intermediaries who incur a lot of charges, traditional money transfers and financial regulations.Digital Fantasy Sports native token "DFS" is solving real-world PROBLEMSsuch as different virtual money, transparency, issues of exchange of fiat to cryptocurrency, security issues, delays in payout, restrictions in gaming as a result of gambling regulations in some country, similar games across various platforms, high fees, and many more.Digital Fantasy Sports token "DFS" is developed as an Ethereum-based cryptocurrency for Esports tournaments platforms for prevalent games such as COD, FIFA, Rocket League, FORTNITE, Counter-Strike Global offensive (CS-GO), PUBG and many more that you can access on the platform.

DFS SOLUTIONS TO THE AFOREMENTIONED PROBLEMS

BENEFITS OF USING DFS PLATFORM

GAMES ON THE DFS PLATFORM

PURCHASING DFS TOKEN

Users can purchase DFS token using their Visa card, American Express card, and Mastercard, PayPal, and various cryptocurrencies such as Ethereum, Ripple, Dash, Neo, Bitcoin, Monero and others on the Digital Fantasy Sports platform.

However, DFS token is tradable in the following exchanges:
Idex
Radar
Relay
Wandex

CONCLUSION

Digital Fantasy Sports adopting the Blockchain technology is seen to have the potential to revolutionize an extensive range of industries. Play the DFS arcade games, compete in the tournaments every night, and many more to win DFS tokens which can be exchangeable to other cryptocurrencies. More so, do not forget to join DFS Discord where a lot of DFS bounties awaits you while you are being rewarded DFS tokens.

GET IN TOUCH WITH DIGITAL FANTASY SPORTS

WEBSITE
WHITE PAPER
DISCORD
TWITTER
REDDIT
INSTAGRAM
TWITCH
BITCOINTALK
YOUTUBE
submitted by gurassicp to CryptoCurrencyTrading [link] [comments]

LOW CAP - COINDEAL Listing - Digital Fantasy Sports (DFS)

The Digital Fantasy Sports (DFS) which is a premium blockchain sports arcade, an innovative fantasy sports gaming token and arcade based on the blockchain technology power driven by Ethereum smart contracts, emerge a winner in the 11th voting on the Coindeal platform. Coindeal exchange announced the Digital Fantasy Sports native token "DFS" as the winning cryptocurrency and will be trading on the Coindeal exchange between now and January 2019 after every necessary documentation. Every Digital Fantasy Sports and Coindeal's platform users will be able to trade on the vote of confidence –DFSToken.

WHY CHOOSE COINDEAL?

Coindeal exchange is an ground-breaking Cyprus-based cryptocurrency trading platform developed by Verified Trading Solution Limited that provides secure, fast and convenient cryptocurrency exchange services with unique features such as round the clock customer support team, real-time auditing, hundred percent uptime, personal (with a daily withdrawal limit of 100 BTC) and corporate account (unlimited withdrawal limit) opening, offers market and stop-loss order, fast deposit and withdrawals with credit card – supports Visa and Mastercard, inimitable transparency where users are allowed to have access to checking and knowing the exchange balances at any point in time – this is to make sure there are enough funds to service the platform users, and supports top cryptocurrencies such as LTC/BTC, BCH/BTC, ETH/BTC, DASH/BTC, QTUM/BTC and BTC/EUR trading pairs, and many more. Coindeal's platform charges is cost-effective with free deposit fees for all cryptocurrencies including fiat currencies. CoinDeal offers outstanding trading fees of 0.4% for market taker and 0.3% for the market maker, on all pairs. The withdrawal charges for BTC is 0.0008 BTC, while the withdrawal fees for other cryptocurrencies is 0.01 of the corresponding coin.The most important aspect of Coindeal is the platform absolute security– 90% of all Coindeal's funds are stored in a cold offline storage, while the company and client funds are kept under the custody of a Swiss Bank and Danish bank respectively. The platform is secured by SwissSign, SSL secure connection, and Cloudflare. Coindeal platform has charting tools and order book. Coindeal platform is transparent when it comes to the voting of cryptocurrencies – users are allowed to vote their coin of choice why Coindeal verifies the votes to make sure there is no bot-voting.

DIGITAL FANTASY SPORTS – ESPORTS GAMING PLATFORM

Getting full access to the Digital Fantasy Sports gaming platform is by registering yourself as a DFS member. Visit here for how to register as a member. Digital Fantasy Sports is using its own native currency "DFS" token and blockchain to skyrocket Esports and game lovers to the next level like never before. The Digital Fantasy Sports platform has its own Crypto Esports League platform for Peer-to-Peer (P2P) predictions for all game lovers globally. DFS is the first competitive gaming platform to be power-driven by blockchain technology thereby giving the power of prediction, competition, winning and lots more to the game players while providing the fastest means to deliver their hard-earned winnings directly to their DFS wallet. Digital Fantasy Sports is an ecosystem of competitive gaming. Thousands of players have predicted and won DFS token and you are not left out of the hard earn winnings which are a few clicks away. Arguably, Digital Fantasy Sports is the world's most legendary Esports League platform were you predict your preferred Esports Leagues with multiple fantasy choices utilizing DFS token. In the DFS platform, you can play your preferred day to day fantasy sports such as NFL (football), NHL (hockey), NBA (basketball), MLB, and lots more. Unlike the gambling sites that you pay to play, in DFS platform, users can play for fun without you paying a cent, enter the daily contest – this is only open to all members of DFSDraftlash, and visitors. DFS platform is so unique that you can create your own personalized and private contest thereby enabling you to invite your friends and families through email, social and by means of text message. The games are user-friendly that even a novice can be part of it, players can draft their own team from the player pools, and there is an auto-draft your team when you are not too sure of whom to select, DFSDraftlash offers an automated generated competitive lineup.The Esports market is a robust consumer market with untapped potential and core investors, giant-brand sponsors, renowned celebrities, core tech industries, and many more are all banking on Esports which makes Esports a legendary on the Digital Fantasy Sports platform. The Digital Fantasy Sports platform is leveraging the benefits of blockchain to spread-out smart contracts, host tournaments, fuel prediction, and ease the buying of virtual assets.Digital Fantasy Sports permits players to test their gaming skills and to predict on games without being dependent on intermediaries who incur a lot of charges, traditional money transfers and financial regulations.Digital Fantasy Sports native token "DFS" is solving real-world PROBLEMSsuch as different virtual money, transparency, issues of exchange of fiat to cryptocurrency, security issues, delays in payout, restrictions in gaming as a result of gambling regulations in some country, similar games across various platforms, high fees, and many more.Digital Fantasy Sports token "DFS" is developed as an Ethereum-based cryptocurrency for Esports tournaments platforms for prevalent games such as COD, FIFA, Rocket League, FORTNITE, Counter-Strike Global offensive (CS-GO), PUBG and many more that you can access on the platform.

DFS SOLUTIONS TO THE AFOREMENTIONED PROBLEMS

BENEFITS OF USING DFS PLATFORM

GAMES ON THE DFS PLATFORM

PURCHASING DFS TOKEN

Users can purchase DFS token using their Visa card, American Express card, and Mastercard, PayPal, and various cryptocurrencies such as Ethereum, Ripple, Dash, Neo, Bitcoin, Monero and others on the Digital Fantasy Sports platform.

However, DFS token is tradable in the following exchanges:
Idex
RadarRelay
Wandex

CONCLUSION

Digital Fantasy Sports adopting the Blockchain technology is seen to have the potential to revolutionize an extensive range of industries. Play the DFS arcade games, compete in the tournaments every night, and many more to win DFS tokens which can be exchangeable to other cryptocurrencies. More so, do not forget to join DFS Discord where a lot of DFS bounties awaits you while you are being rewarded DFS tokens.

GET IN TOUCH WITH DIGITAL FANTASY SPORTS

WEBSITE
WHITEPAPER
DISCORD
TWITTER
REDDIT
INSTAGRAM
TWITCH
BITCOINTALK
YOUTUBE
submitted by gurassicp to CryptoMoonShots [link] [comments]

A fun way to earn extra money (Luckygames.io Review)

Hi everyone, I hope you are having a great day!

I will be straight forward so that I will give you as much information as you need. So far, the website feels great and you have decent chances to make a profit. For example, on my first day, I managed to make 100€ worth of XLM (Stellar). I started out with 200 XLM and slowly I managed to increase it to 1200 XLM.



The aspects I would stand out about Luckygames.io ?










And many others that I might have forgotten to mention...



Would I recommend it?

For sure, I have been trying it for over a month now and It is excellent but also addicting. On top of this, it was my first Crypto gambling website I have tried, and so far, I have nothing bad to point out.
If you are considering trying the website and creating an account. I would appreciate if you do it through my affiliate link! (If you invite people and they create an account and also bet, the house gives you a % of it, regardless if it is lost or win)
Website: Luckygames.io

If you have any questions, feel free to comment down below. Thank you!
submitted by Pandury to BitcoinGambling [link] [comments]

Las Vegas 3.0

Las Vegas 3.0

Play your cards right.

https://preview.redd.it/0j23k71pjza21.jpg?width=1875&format=pjpg&auto=webp&s=7a0646bb5b4db0c0a266af94aaf1c1106be308d3
Technology changes everything, online casino vertical being no exception to the rule. Given its complex nature, online gambling earned a bad reputation for myriad of reasons. Key players’ mergers and acquisitions, together with oligopol structure of the market, tighten settings upon which casinos and sportsbooks operate. In addition, there is enough of other platforms, which just want to take advantage of every single game and bet made, whether through exorbitant fees or fraudulent behaviour. This structuring lead to unappealing gaming conditions, unfair practices and hidden monetization models, which in turn exploit players and bettors rather than serve them.
History shows that only big breakthroughs posed large-scale leveling within different industries. Emergence of Bitcoin proved that it can influence economy on global scale, change the general opinion on the concept of money and shape the vision of the future means of payment. Millions of people became conscious about opportunities that blockchain and cryptocurrency bring to business and social scales. Global awareness about incorruptibility, decentralisation and transparency was raised further allowing these features to extrapolate on different fields and environments.
Similarities in online casino vertical and cryptocurrencies are striking, as if they were designed for each other. We believe that properly planned execution of this consolidation can stir up the industry. Bitwin, a next level digital entertainment platform, could be one of the biggest beneficiaries of this revolution, taking online gambling and betting concept to a whole new level.
Ante up- Bitwin 2.0
We couldn’t get better name for the exceptional casino involving cryptocurrency than Bitwin, we believe that not much naming alternatives exist to better represent the purpose of our project. It captures the essence of what our portal attempts to achieve and straightforwardly reveals the casino mission and vision. It also suggests, how we can shape the industry, begin market forward movement and possibly kickoff a debate that aims to cease existing circumstances in gambling and betting.
The first part of the name could be interpreted as ‘bit’, which is the fundamental of computing, storing and processing information, showing strong correlation to platform’s online environment, technology and security (bit encryption). Furthermore, it reflects the interconnectedness of concepts that our casino tries to put together. Bitwin prefix can be also interpreted as bitcoin, showing strong support for cryptocurrency motion, and project’s own involvement in decentralisation, cryptography and privacy that tokenisation brings to mainstream audience.
‘Win’, in case of our project, reflects progress and chance to lead the movement in online casino space that is brought about with blockchain and cryptocurrency innovation. For us, winning means finding an ultimate recipe for users experience, satisfaction, entertainment with best security measures, anonymity and honesty. We give the community the way to win on better and more accessible terms than the rest of the outdated casino industry, which is guaranteed by disruptive nature of high-tech tools used.
Blockchain- safe bet
Thanks to genius and heritage of Satoshi Nakamoto, Vitalik Buterin and their co-workers, the convergence of distributed ledger, smart contracts and ERC-20 tokens enables all of the Bitwin casino products to follow the exact same game logic as they are designed to, leaving no room to tamper with it in any way, by anyone, be it the casino or the players. Sealed set of internal instructions and casino mechanics based on blockchain is a guarantee of immutability providing each and every player with a set of honest and evident rules.
Without blockchain and smart contracts Bitwin would not be able to be honest about platform computations, especially those that play a role in generating random numbers, which are the most essential puzzle in providing a scalable and fair casino products. Any casino, which does not show RNG evaluation method, can tamper with the results in its favour. What is more, the technology involved allows our casino to show an auditable method of random number generation, that every player and casino customer can check and verify.
Blockchains, being the hope of many fields, can also be a bit problematic. They have limited capacity, long confirmation times and lack desired scalability. To further enhance existing Bitwin blockchain efficiency we decided to use Raiden Network. It will utilize mesh payment channels, which write only the first and final result onto the casino public ledger, limiting on-chain activity to a minimum. This way we will able to bypass Ethereum global consensus algorithm, which means that the decentralized net of computers will not have to give you consent each time you pull the handle, push a button or hit the card. Therefore, Bitwin being the newest kid on the block(chain), equipped with the best recent technological advancements, will not be bothered by any of the obstacles that occur with brilliant, but slow, Ethereum blockchain that recently provides 10–12 transactions per second for the whole ecosystem (on a global scale), and starts to be too expensive, especially for online casino purposes.
RNGs aren’t the only problem haunting a contemporary galaxy of gambling. Players can be cheated in an innumerable ways. Owners or employees of gambling projects can have access to administrator rights, allowing them to see players hands in card games. Online casino superiors can rig odds of any game in their favour or deliberately miscalculate prizes, occasionally or constantly. Customers accounts can be terminated by platforms sole discretion, providing no or made-up reasons for cessation plus, there exist thousands of known ways to delay or freeze payouts. On top of that, some platforms do not even honor players with positive multi-annual withdrawal history. The icing on this shady cake belongs to banks, which after gambling restriction in given areas, can block accounts and confiscate players winnings.
With credible rules overwritten on blockchain neither Bitwin, nor anyone else can do any kind of fraud and mishandle the funds. Platform infrastructure is sealed and immutable, which can be verified by any smart contract audit. Players are awarded with winnings in exact amounts, facilitating a user-friendly ecosystem they deserve. Our effort allows us to offer the most updated and fair gaming environment possible, with 100 percent accuracy and fairness verifiability from the interested parties. While the general opinion about online gambling is that games are very much rigged, Bitwin found a way to prove a crystal-clear transparency, which could also become an open standard for the industry.





If you have any questions, please feel free to email us: [email protected] or ask directly in our announcement thread at Bitcointalk forum: https://bitcointalk.org/index.php?topic=5081449


Never miss any update on Bitwin Token by showing some interest on our social media:
https://t.me/bitwintokenhttps://facebook.com/bwtokenhttps://twitter.com/bitwintokenhttps://instagram.com/bitwintokenhttps://discord.gg/DNCksEmhttps://medium.com/@bitwintoken
submitted by jaarmol to BitwinToken [link] [comments]

Recommended Crypto Gambling Website (Reviewed)

Hi everyone,
I will be straight forward so that I will give you as much information as you need. I have been an active user for 2 months, the website feels great and you have decent chances to make a profit. For example, on my first day, I managed to make 100€ worth of XLM (Stellar). I started out with 200 XLM and slowly I managed to increase it to 1200 XLM by playing one of their games called "Dice".

The aspects I would stand out about Luckygames.io ?



And many others that I might have forgotten to mention...

Would I recommend it?

For sure, I have been trying it for over a month now and It is excellent but also addicting. On top of this, it was my first Crypto gambling website I have tried, and so far, I have nothing bad to point out. The community is extremely active, you have people typing in the chat about all the time (user-friendly interface and extremely simple) and they are useful towards new players.

Website: Luckygames.io

If you have any questions, feel free to comment down below. Thank you!
submitted by EnergeticPenaut to CryptoGambling [link] [comments]

Crypto gambling website review (Luckygames.io)

Hi everyone, I hope you are having a great day!
I will be straight forward so that I will give you as much information as you need. I have been an active user for 2 months, the website feels great and you have decent chances to make a profit. For example, on my first day, I managed to make 100€ worth of XLM (Stellar). I started out with 200 XLM and slowly I managed to increase it to 1200 XLM by playing one of their games called "Dice".

The aspects I would stand out about Luckygames.io ?










And many others that I might have forgotten to mention...


Would I recommend it?

For sure, I have been trying it for over a month now and It is excellent but also addicting. On top of this, it was my first Crypto gambling website I have tried, and so far, I have nothing bad to point out. The community is extremely active, you have people typing in the chat about all the time (user-friendly interface and extremely simple) and they are useful towards new players.

Website: Luckygames.io

If you have any questions, feel free to comment down below. Thank you!
submitted by Paul_Dekneegrow to GamblingCrypto [link] [comments]

Crypto gambling website (review)

Hi everyone,
I will be straight forward so that I will give you as much information as you need. I have been an active user for 2 months, the website feels great and you have decent chances to make a profit. For example, on my first day, I managed to make 100€ worth of XLM (Stellar). I started out with 200 XLM and slowly I managed to increase it to 1200 XLM by playing one of their games called "Dice".

The aspects I would stand out about Luckygames.io ?



And many others that I might have forgotten to mention...

Would I recommend it?

For sure, I have been trying it for over a month now and It is excellent but also addicting. On top of this, it was my first Crypto gambling website I have tried, and so far, I have nothing bad to point out. The community is extremely active, you have people typing in the chat about all the time (user-friendly interface and extremely simple) and they are useful towards new players.

Website: Luckygames.io

If you have any questions, feel free to comment down below. Thank you!
submitted by Paul_Dekneegrow to GamblingwithBitcoin [link] [comments]

1broker copy guide - avoiding extreme losses

First off, let me state that I am not even close to a professional when it comes to trading. I got in a few months ago for passive income from copying 3.14fx and have come a long way since then, quadrupling my initial investment and losing half of it. I've watched traders such as cfdtrader, Lumyo, Robot, and crypto_chris lose several hundred percent after a fail from opening multiple positions. I got into 1broker to make money without monitoring it, but instead I learned a lot about trading and risk management, even profiting off several of my own trades. It's a valuable experience in itself even if you're not profiting and I wouldn't give it up for anything. If these losses are enough to make you quit, so be it. Investing comes with risks that some people can't handle. It's not free money.
https://www.dailyfx.com/calendar is the economic calendar that I use while trading. High importance events can easily trigger a 80% loss or gain depending on the direction you choose. It's highly risky to trade when someone of great importance such as Draghi or Yellen are speaking.
Even if you follow a general MAX 5% rule, you will still lose up to 16% of your account if somebody opens 4 of the same positions and they stop at 80%. Making back money is also tougher than losing it, as once you lose 16% of your account, 5% of your account is a lot less than before. Therefore, you have less capital per trade.
Also, be careful when changing your copy amount. I often see copiers saying things like "Great work, I'm upping my copy amount" and "Increased copy amount from x to x". In my opinion, increasing a copy amount should only be done when your initial amount is already low. Losses on a higher copy amount may wipe out the gains on a smaller copy amount. (-50% loss with 0.1 btc = +100% gains with 0.05 btc) Always stick to a 5% max rule unless you're feeling risky.
Then, there comes the gambling/greed phase that many new copiers often do. (Guilty of this myself). After extreme success, a copier may feel the need to upgrade their copy reward to maximize profit. Or after extreme failure, a copier may feel they need to upgrade their copy reward to make up for losses. All of these are mistakes.
1broker is not filled with market professionals. Most of us here are either self taught or complete novices. Professionals would not be sharing their trades for about $70-80 for each trade (at best). They won't be asking for copiers on other traders' profiles. They won't be using a Pikachu as their profile picture. They won't be using a broker that isn't heavily regulated and insured. They would be using their own capital to make millions off of trades.
Remember, any newbie can easily accumulate winning trades by gambling with high leverage. As long as they have around $1300 as of now, they can easily create a profile that suggests that they are a professional, when in reality they are entering at random points and exiting when a position turns into profit, rather than using technical analysis and watching economic calendars.
And even the best of traders will have their ups and downs. I've stuck with 3.14FX even when he reached -100% this month because he's had a great history on this site. I feel that he can make the money that he loses back. And even though he has doubled up on a position yesterday (not sure why, probably was extremely confident), it was a success.
Can you really trust anyone? No way! Unlike regular trading, 1broker is more unregulated. Signing up requires no personal information so any user with malicious intent can build up a steady reputation and perform an exit scam (or have a massive failure) without any reparations. Robot has no link to any social media or anything in his profile. For all we know, he could own another account that has -100%, and he is depending on luck while opening multiple positions to accumulate followers. (I just used Robot as an example, my intent is not to accuse him of multiple accounts)
Then there are potential exit scams (from a trader, not 1broker itself) that will drain a decent portion of your account. There's a reason why you have a choice to choose how many trades maximum you can copy per day. This hasn't happened yet, but it will definitely happen in the foreseeable future. Somebody will set up an order for 50 shorts and 50 longs and set the take profit and stop loss the opposite of each other. Then after closing, they'll withdraw their bitcoin never to be heard of again.
When you put your trust in a trader, you should trust them to carefully monitor a trade. Unfortunately, there's currently no way to tell if your copied trader is online or not, so you'll never know if they're in a coma and won't be back for another 6 months. My suggestion is to either take profit when you think that the conditions are correct or just trust the trader. Nobody can see the future. If you think that you'll rather close the trade before the weekend, it's your choice. If you think upcoming news will destroy the trade, feel free to close early. However, be prepared for regret if it goes up, or a great feeling that you dodged a bullet if it goes down. It's all a part of trading.
1broker's copy system is seriously flawed at the moment. Of course, there's no easy way to fix it. Why would a great trader want to share one of their trades if they're not getting much out of it? This encourages opening multiple positions to maximize copy rewards, which can result in massive losses. Robot is one of the traders exploiting this.
So how can you prevent massive losses? There's really no way. You're putting your trust in random people without an identity, who can easily be a scammer. When it comes to people like Robot, I put 1-2% of my funds because I know that he opens multiple positions. This is why I'm always sticking with 3.14FX, he established himself a long time ago and he knows what he is doing. Somebody who has been on the platform for over 3 years with several losses is preferable to an anonymous newcomer who just registered but appears to be good at trading.
Also, the percentage on 1broker is misleading. You may think "Wow, I'm going to get an 500% of my initial investment if I copy Lumyo!" In reality, you should only be using 5% max of your capital per trade. If you copied him from the beginning (I started copying at around 90%), you should have only gained 25% rather than 500%. But still, 25% of your initial investment is huge.

My opinion on several traders

vits2015: If you watched vits2015 from the beginning, you would know that their style of trading is... off. 15 positions on UK100, all short, some of them at -30% when I first saw him as a successful trader. What does that tell me about him? He can open up to 6 positions on the same trade at once, and is willing to hold them as long as possible to get a profit. (Average holding time 8 days)
gtfann: Even with recent losses, he still appears to be a decent trader. It seems that he upped his usual leverage due to the crowds of traders flocking to copy him though. Multiple positions with a lower leverage isn't really something that I like either, but I'm sticking with him for now until there's a drastic change.
vaiono: He lets his losses play out and even though he has a decent track record,it's still risky to play with. Silver is extremely volatile and due to leverage, a small move in any direction can either be a huge loss or huge gain.
Snortex: Pretty much a meme on 1broker. He acknowledges his trading style and warns his copiers. I like him as a person due to his warnings, but still wouldn't recommend copying him unless you can afford to lose a lot. Edit: After examination of his trades, I feel like he's not only gambling like his description suggests. His entries are planned out carefully (Although that has hurt him when there was a flash crash). You'll take several 80% losses but you may take several 400% gains. He seems to have a habit of chasing a trade, which can lead to multiple 80% losses. However, once the trend reverses, his profits go through the roof. When you're copying, copy for the long term! Of course, feel free to uncopy if you feel that the bottom is still far away.
noIDea: He has had bad stretches in the past, but still makes his way back. I think he's a good trader and even though he opens multiple positions, he's one of the best at setting stop losses so the risk is not as high as others who open multiple trades.
Gold_Gangsta: Name change from Crypto Chris for some reason? Be wary of multiple positions as the USDJPY fiasco shows. Seems to be doing fairly well with gold as of now.
1monk2: Multiple positions fairly often, even says that he's drunk in the description. This is gambling.
knightlife999: The description definitely shows promise. There is no proof to those claims on the site, but I feel it's safe to allocate some of your funds toward copying him with his track record.
HedgeCryFx Risk 5: Decent trader, pays attention to economic calendar as well. The only problem is that he lets losses play out to 80%
boogi: I would be wary about the higher losses, but then again, there's a good track record.
sergiomc: Seems to be decent at trading stocks. With an average holding time of 14 days and leverage of 10, you should be expecting to lose about ~3.92% of your gains to financing, which is not actually that much.
Cool Hand Luke: Low leverage trading. If you were to copy him, I would recommend only using 1% or 2% of your account max per trade if you plan on copying others as well. He's a great trader for slow steady gains, but if you're looking to get rich fast or go broke trying, this is not the guy for you.
eylemc: Quick trades with minimal profit and no losses so far. As of now, it may be too early to judge, but I think that he's somebody that might be worth copying. Edit: Seems to let losses play out to 80%. Be wary.
3.14fx: Back in the game, doing well with stocks and USDJPY recently. High leverage, but usually stops losses within a reasonable range.
SunnyNet: Small gains, huge losses. Be wary as your first copied trade could easily be a -80%.
SatoshiReport: Trading using a neural network, after looking deep into the trade history, I'm not so sure about it. Correct me if I am wrong, but the bot doesn't take into account important news and events. Edit: This bot has too many flaws to continue copying in my opinion. Even with the previous gains, it opens the same position as soon as one closes, negating the 33% stop loss AND forcing a loss due to the spread. The only thing that keeps it out of the negative is the rare 80% gains that you might find once in a while.
CryptoMessiah: The image being shown on his twitter has weird numbers on it (USDJPY at 100-103 in the matter of minutes), I think it's a simulator so it isn't actually "proved". Also, asking people to copy for "free money" is misleading as anything can go wrong in the forex market, there is no guaranteed money. I copied with a minimum 0.001 btc and will update this post if the bot proves to be successful. Edit: Tons of losses trying to get the right direction and then huge wins. I would say it's ok, but you're better off with a human capitalizing on gains. The only advantage to this bot is 24/7 hour trading.
kosanet: His description says it all. Be careful while copying, but don't be discouraged to place an amount you can afford to lose. He seems to have a great history of monitoring losses (positions never get below 20%) but it's still a new profile who clearly states that he's not a pro. May open multiple trades and trading with USDJPY a lot. His scalping strategy means that overnight fees won't be an issue. Edit: Now he's starting to be a little more risky with his trades as more copiers arrive. Be careful, he never reached liquidation at 80% yet but he could at any moment.
google: A bit late to the party, but what can I say? I honestly can't believe he accumulated 190 copiers but he seems to have faded out quickly. Golgo13 is having a fun time on all of his trades
KillerWhale: Extremely high risk with all of those multiple positions. Like google and robot, don't be fooled by performance recently and look through their whole account. People who saw the 220% recently may have missed when he was in -475% a few days ago.
SoontobeWW3: Great trader in my opinion. However, I think emotion plays a role in his trading as every huge loss is often followed by more.
APPoh: Seems to know what he's doing. However, there is a very short trading history and we're never sure. Positions can reach 50% without closing, so it's very possible that he might let losses play out to 80%.
dingo: Not much to say. Good with 1 position at a time, and even with the 80% loss last month, still ended in profit. Be careful as he might sometimes not stop a position and instead wait for it to recover and a 80% loss is huge compared to his gains.
Edit August 12: Will stop adding new traders now. Before copying someone, remember:
  1. Check their trading history, ALL OF IT. You're entrusting them with your money, you should be 100% sure.
  2. Wait until they've established themselves. Sure, you can be frustrated about potentially losing 200% profit, but it sure beats 700% losses.
I already expressed my views on Robot and 3.14FX above. Lumyo is currently inactive.
Last tip: Don't uncopy people if you feel like they can make it back. If you choose to copy someone, you're in it for the long run. Now this may contradict some of my earlier statements, but if you have somebody that you believe in, don't uncopy them after a loss. Eventually, they will make their way back up and after you see their success again, you'll be tempted to copy again. Of course, if you are copying somebody who you have no faith in, feel free to drop them. Cutting your losses short is important to learn in trading.
submitted by FCatarina to 1Broker [link] [comments]

Futures Slide After US-China APEC Clash, Apple Production Cuts

After a dramatic end to the APEC summit in Papua New Guniea which concluded in disarray, without agreement on a joint communique for the first time in its history amid the escalating rivalry between the United States and China, U.S. index futures initially traded sharply lower as investors digested signs that America-China trade tensions are set to persist, however they staged a modest rebound around the time Europe opened, and have traded mixed since amid subdued volumes as a holiday-shortened week begins in the US.

Last Friday, US stocks jumped after President Trump said that he might not impose more tariffs on Chinese goods after Beijing sent a list of measures it was willing to take to resolve trade tensions. However, tensions between the two superpowers were clearly on display at the APEC meeting over the weekend where Vice President Mike Pence said in a blunt speech that there would be no end to U.S. tariffs on $250 billion of Chinese goods until China changed its ways.
“The comments from Trump were seen as offering a glimmer of hope that further tariff action could be held in abeyance,” said NAB’s head of FX strategy, Ray Attrill. “The exchange of barbs between Pence and Chinese President Xi Jinping in PNG on the weekend continues to suggest this is unlikely.”
US Futures were also pressured following a report by the WSJ that Apple has cut iPhone production, creating turmoil for suppliers and sending AAPL stock 1.6% lower and pressuring Nasdaq futures.
Yet while early sentiment was downbeat following the APEC fiasco, US futures staged a rebound as shares in both Europe and Asia rose while Treasuries declined, the dollar faded an initial move higher as traders focused on the Fed’s new-found concerns over the global economy, and the pound advanced amid speculation that the worst may be over for Theresa May, since the potential for a vote of no confidence in May may be losing traction: the Sun reported that 42 lawmakers have sent letters of no confidence to Graham Brady, 6 more are needed to trigger a leadership challenge

Asia took a while to warm up but made a strong finish, with the Shanghai Composite closing 0.9% and Japan's Nikkei 0.7% higher, helping Europe start the week off strong too as a 1 percent jump in mining, tech and bank stocks helped traders shrug off last week’s Brexit woes. At the same time, stocks fell in Australia and New Zealand, where the Aussie and kiwi currencies dropped after U.S. Vice President Mike Pence attacked China at the weekend APEC summit.
Telecommunications and construction shares pushed Europe's Stoxx 600 Index higher, along with stocks in Italy, where Deputy Premier Luigi Di Maio said the government is ready for dialog with the European Commission over the country’s budget, which however seems just more semantics as Italy refused to concede to European budget demands.
Meanwhile, in addition to confusion over trade, the outlook for U.S. interest rates was also uncertain. While Federal Reserve policymakers are still signaling rate increases ahead, they also sounded more concerned about a potential global slowdown, leading markets to suspect the tightening cycle may not have much further to run and Morgan Stanley to write that "We Sense A Shift In Tone From The Fed."
Goldman Sachs also chimed in, saying it expected the pace of U.S. economic growth to slow toward the global average next year. The bank now sees a broad dollar decline next year, and revised its long-standing bearish view on the Japanese yen and tipped Latin American currencies, the Swedish krona, the Canadian, Australian and New Zealand dollars and the Israeli shekel to rise.
“We see several changes to the global economic backdrop which, combined with a few negative medium-run factors, point to more downside than upside to the broad dollar in 2019,” Goldman economists said in an outlook report. Goldman's bearish tilt will focus attention on an appearance by New York Fed President John Williams later on Monday to see if he echoes the same theme. As Reuters notes, investors have already cut odds of further hikes, with a December move now priced at 73%, down from over 90%. Futures imply rates around 2.74% for the end of next year, compared to 2.93% early this month.
As a result, yields on 10-year Treasurys declined to 3.08 percent, from a recent top of 3.25 percent while the currency market saw the dollar fade early gains while the pound rebounded from sharp losses last week as Theresa May prepared to appeal to business leaders to help deliver her Brexit deal as the premier fights almost insurmountable Parliamentary opposition.
May said on Sunday that toppling her would risk delaying Brexit as she faces the possibility of a leadership challenge from within her own party. With both pro-EU and pro-Brexit lawmakers unhappy with the draft agreement, it is not clear that she will be able to win the backing of parliament, increasing the risk that Britain will leave the EU without a deal.
Elsewhere, the Australian and New Zealand dollars held on to their declines after Mike Pence's attack on China this weekend fueled concern Sino-U.S. trade tensions will worsen; the yen neared a month-to-date high on the risk-aversion, onshore yuan weakened for the first time in five days.
Treasuries slipped while European bonds were mixed, with core notes slipping and peripherals rising led by Italy. In the U.S., trading activity may be thinned before the Thanksgiving holiday later this week.
In commodity markets, gold found support from the drop in the dollar and held at $1,1220.19. Oil prices suffered their sixth straight week of losses last week, but climbed toward $57 a barrel in New York on Monday. Bitcoin dropped further below $6,000, at one point touching a one-year intraday low.

Market Snapshot
Top Overnight News from Bloomberg:
Asian equity markets began the week somewhat cautious on lingering trade concerns and after disunity at the APEC summit over the weekend which failed to agree on a joint communique for the first time in history due to US-China tensions. ASX 200 (-0.6%) and Nikkei 225 (+0.6%) traded mixed in which nearly all of Australia’s sectors were in the red aside from miners, while Nikkei 225 was positive as participants digested mixed trade data which showed a jump in imports. Elsewhere, Hang Seng (+0.7%) and Shanghai Comp (+0.9%) were choppy amid trade-related uncertainty following the verbal jabs between US and China in which Chinese President Xi warned that countries which embraced protectionism were doomed to fail and US Vice President Pence later commented the US could more than double the tariffs imposed on Chinese goods. Finally, 10yr JGBs futures rose to match the YTD high as they tracked the recent upside in T-notes and with the BoJ also present in the market for JPY 800bln of JGBs in the belly to the short-end of the curve. APEC summit ended without an agreement on a joint communique for the first time in its history after China refused to sign amid US-China tensions, while there had been comments from Chinese President Xi Jinping that countries which embraced protectionism were "doomed to failure" and US Vice President Pence later commented that he was prepared to "more than double" the tariffs imposed on Chinese goods.
Top Asian News - China’s Ping An Buys Stake in German Fintech Incubator Finleap - Japan Bank Shares Fall Most in Month After U.S. Yields Drop - Asian Markets Come out of Their Torpor as Stock Gains Accelerate - An Accountant Stirs Debate as India Central Bank Board Meets
Major European indices are in the green, with the outperforming FTSE MIB (+1.1%) bolstered by news that Luigi Gubitosi has been appointed as the new CEO of Telecom Italia (+4.3%). The SMI (-0.2%) gave up initial gains and is lagging its peers, weighed on Swatch (-4.0%) and Richemont (-1.4%) following unfavourable price outlook for both by Bank of America Merill Lynch. Sectors are mostly all in the green, with outperformance in telecom names, while energy names are lower given pullback in oil prices in recent trade and consumer discretionary names are weighed on by Renault (-7.0%), with the company shares extending losses following reports that Nissan’s boss has been arrested in Japan regarding allegations of financial violations. Renault shares are hit given the Renault-Nissan-Mitsubishi alliance. Elsewhere, BPost (-5.7%) shares are hit following a downgrade at HSBC, while Tele2 (+1.8%), are near the top of the Stoxx 600 after being upgraded at Berenberg.
Top European News
In FX, the Greenback has regained some composure following its downturn at the end of last week amidst soft US data and cautious if not concerned or outright dovish Fed rhetoric (Clarida conscious about contagion from slower global growth, Kaplan envisaging headwinds from rising debt and Harker opposed to a December rate hike), but the DXY remains capped below a key Fib level (96.590) and the Dollar overall is mixed vs major counterparts.
In commodities, Brent (+0.5%) and WTI (+0.1%) are in positive territory, albeit off highs, following market expectations that Saudi Arabia will steer OPEC and Russia to cut oil supply. Meanwhile, Russian Energy Minister Novak said the country is planning to sign an output agreement with OPEC at their December 6th meeting in Vienna. Overnight gains in the complex were driven by reports that Saudi is said to want oil prices around USD 80.00/bbl. Elsewhere, Iranian President Rouhani emerged on state TV and stated that the US has failed to reduce Iran’s oil exports to zero and Iran will continue to sell their crude. Conversely, Gold (-0.2%) prices fell this morning, with traders citing profit taking from last week’s gains, while Palladium is nearing parity with gold as an all-time high of USD 1185.4/oz was hit on Friday. Separately, copper is lower following tension between the US and China at the APEC summit which ended without an agreement on a joint communique for the first time in its history.
It's a fairly quiet start to the week on Monday with the only data of note being the Euro Area and the November NAHB housing market index reading in the US. Away from that, the Fed's Williams is due to speak in the afternoon, while BoJ Governor Kuroda, Bank of France Governor Villeroy de Galhau and his predecessor, Noyer, will all speak at the Europlace Financial Forum. Euro Area finance ministers are also due to gather in Brussels to seek to make progress on Franco-German plans to shore up the currency union.
US Event Calendar
DB's Jim Reid concludes the overnight wrap
Brexit was left in a bit of phoney war this weekend. We’re no closer to a leadership contest for Mrs May but it could still happen at any point. The Sun -citing their “extensive investigation” - has concluded that 42 lawmakers have sent letters of no-confidence in the PM (48 needed). Overall though more Conservative MPs are disliking the deal - and will vote against it - than will ask for a leadership battle in our opinion. The consensus that is forming amongst the Conservative MPs who dislike the Withdrawal Agreement is that it can be improved upon. This time next week we will have just had the Sunday EU summit to sign off their side of the deal but its not clear how meaningful tweaks could be made before this and before the agreement goes before UK Parliament in the next 2-3 weeks. The only thing that could be fleshed out is more on the future relationship between the UK and Europe as Mrs May travels to Brussels this week to try to progress on this. That might appease some MPs but likely not enough to help the vote pass. As such my personal view is that May stays on as leader, the EU offer no concession, the vote doesn’t get through Parliament and then the fun and games start. The UK may go back to Europe and ask for specific concessions at this point or we may end up with a path towards a hard Brexit or a second referendum. Quite binary options. For the EU maybe the gamble is to offer nothing and assume the UK Parliament eventually offers a second referendum and voters eventually decide to stay. This increases the risk of a cliff-edge hard Brexit but also one where no Brexit happens at all. This story has a lot of legs left in it.
There was lots in the press this weekend about Brexit but interestingly for me as a credit strategist by day, there was also a fair bit of negative press about credit with some of the more sensational articles suggesting that credit could soon blow up financial markets due to (amongst other things) the weight of US BBBs about to swamp the HY market, record levels of Cov-lite issuance and due to record high US corporate leverage. For us there needs to some perspective. We have been on the underweight side of credit all year, more weighted to a US underweight of late but that’s been more of a valuation play than over too much concerns about immediate credit quality. The US economy remains strong and credit deterioration is likely to remain idiosyncratic until it rolls over. At that point we will have big problems though and last week’s activity made us more confident liquidity will be bad when the cycle turns as we moved a fairly large amount on nervousness as much as anything else. GE, PG&E, plunging oil and the factors discussed above provided a jolt but we don’t think this is enough for now to impact the economy so credit will probably stabilise. However once there is actual broad economic weakness, this last week will be a dress rehearsal for the problems ahead and there will be little two-way activity with spreads gapping wider. However that’s for further down the cycle. For now credit’s main problem
has been it hadn’t responded enough to the pick up in vol. The good news is that this is starting to catch-up and correct. Last week, EU non-fin. IG spread widened by 13bps and HY by 45bps while those on US IG by 14bps and HY by 49bps. Big moves relative to a small down week in equities.
Looking ahead to the highlights for this week, I’d imagine if you’re in the US this will revolve around family, friends and perhaps Turkey as you sit down for Thanksgiving on Thursday. Outside of that we get the flash PMIs around the globe on Friday which in a period of nervousness about the global growth outlook will be scrutinised in thin post holiday trading. Black Friday will also mark the start of Xmas shopping season for retailers. Also worth noting is the European Commission's opinions on the budget plans of the Euro Area countries on Wednesday. While the EC formally has three weeks to provide an opinion on Italy's new fiscal plan following their budget resubmission last week, it's possible that they will issue this for Italy alongside this and thus kick starting the EDP process.
This morning in Asia, markets have kicked off the week on a positive note with the Nikkei (+0.48%), Hang Seng (+0.40%) and Shanghai Comp (+0.22%) all up along with most Asian markets. Elsewhere, futures on S&P 500 (-0.33%) are pointing towards a weaker start. In terms of overnight data releases, the UK Rightmove house prices index fell -0.2% yoy (-1.7% mom), first dip since 2011, led by declines in London (-2.4% yoy). Japan’s October adjusted trade balance stood at –JPY 302.7bn (vs. –JPY 48.3bn) as growth in imports (+19.9% yoy vs. +14.1% yoy expected) outpaced the growth in exports (+8.2% yoy vs. +8.9% yoy expected).
In other news, the US Vice President Pence delivered some sharp rhetoric on China over the weekend where he called upon countries to avoid taking debt from China as that would leave them indebted to China. He also added that the US wasn’t in a rush to end the trade war and would “not change course until China changes its ways.” Elsewhere, the APEC summit ended in disarray on Sunday after the US and China failed to agree on a joint statement, reflecting tensions due to the ongoing trade war. This is the first time since the summit began in 1993 that no joint statement was issued.
Looking back briefly now to last week before we focus on the full day-byday week ahead. Friday was an eventful day for market-moving rhetoric from policymakers, highlighted by Fed Vice Chair Clarida and President Trump. First, the dollar shed -0.52% after Clarida discussed the global economy and said there “is some evidence it’s slowing.” Two-year treasury yields rallied -3.8bps (-11.0bps on the week) and the market removed 6bps of Fed hikes through the end of next year (priced out a total of 16bps on the week). This came despite Clarida’s other remarks, which emphasised the strong US economy and his support for moving policy to a “neutral” level, consistent with the FOMC’s projections. Later in the session, Chicago Fed President Evans said that he too wants to move policy to neutral, and then another 50bps or so beyond that level.
Later on Friday, President Trump injected optimism on the trade policy front by telling reporters that China wants to make a deal and that he may not institute further tariffs. China has apparently offered a list of potential concessions, which could prove to be the basis of a trade deal at the 30 November G20 summit. Even though unnamed White House sources subsequently tried to soften expectations, the market rallied with the S&P 500 up +0.22% (-1.31% on the week). The DOW and Russell 2000 closed -2.22% and -1.42% on the week, though they both rallied on the President’s comments as well (+0.22% and +0.49% on Friday, respectively). After Pence’s weekend comments we should probably discount some of the above optimism.
Other markets were already closed when President Trump’s comments boosted sentiment. The STOXX 600 closed the week -2.20% (-0.20% on Friday), while UK equities outperformed marginally, with the FTSE 100 shedding only -1.29% on the week (-0.34% Friday). This reflected the weaker pound, which retreated -1.13% versus the dollar (+0.41% Friday) and -1.83% versus the euro (its worst such week since July 2017, and -0.38% on Friday). Asian equities were mixed, with the Shanghai Composite advancing +3.09% (+0.41% Friday) on trade optimism and the Nikkei down -2.56% (-0.57% Friday). German Bunds rallied -4.0bps last week, while peripheral spreads widened slightly with Italy leading the way. BTPs sold off +8.8bps (flat on Friday) as the government continued to escalate its confrontation with the European Commission.
It's a fairly quiet start to the week on Monday with the only data of note being September construction output data for the Euro Area and the November NAHB housing market index reading in the US. Away from that, the Fed's Williams is due to speak in the afternoon, while BoJ Governor Kuroda, Bank of France Governor Villeroy de Galhau and his predecessor, Noyer, will all speak at the Europlace Financial Forum. Euro Area finance ministers are also due to gather in Brussels to seek to make progress on Franco-German plans to shore up the currency union.
submitted by rotoreuters to zerohedge [link] [comments]

7.27.17 Thursday Stock Movers & News: TWTR, VZ, PG, LUV, DNKN, FB, GILD, PYPL, BWLD, WHR, AMZN & more

Good morning traders of the StockMarket sub! Happy Thursday to everyone. Here are your stock market movers & news on this Thursday, July the 27th, 2017-

Frontrunning: July 27

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #5!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • FB
  • TWTR
  • CLF
  • VZ
  • SNAP
  • BMY
  • AMZN
  • SBUX
  • GILD
  • PYPL
  • GNC
  • AZN
  • NOK
  • PG
  • KERX
  • CELG
  • GDX
  • ALXN
  • RTN
  • UPS
  • GDXJ
  • DOW
  • MO
  • SIRI
  • GLD

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Comcast – The NBCUniversal parent reported second-quarter profit of 52 cents per share, 4 cents above estimates, with revenue also beating forecasts. The biggest jump in revenue came from the company's film unit, with a nearly 60 percent increase over a year earlier.

STOCK SYMBOL: KO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twitter – Twitter reported adjusted quarterly profit of 12 cents per share, 7 cents above estimates, while revenue was above analyst forecasts as well. However, user numbers were flat compared to expectations for some growth

STOCK SYMBOL: TWTR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Verizon – Verizon matched forecasts with adjusted quarterly profit of 96 cents per share, although revenue beat. Verizon added 633,000 wireless retail customers during the quarter.

STOCK SYMBOL: VZ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Procter & Gamble – The consumer products giant reported adjusted quarterly profit of 85 cents per share, beating estimates of 78 cents, with revenue slightly above forecasts. The bottom line was helped by cost cutting measures.

STOCK SYMBOL: PG

(CLICK HERE FOR LIVE STOCK QUOTE!)
Southwest Airlines – The airline reported adjusted quarterly profit of $1.24 per share, 4 cents above estimates, while revenue also beat forecasts on an improved fare environment and a record load factor.

STOCK SYMBOL: LUV

(CLICK HERE FOR LIVE STOCK QUOTE!)
Dunkin' Brands – The restaurant operator came in 2 cents above estimates with adjusted quarterly profit of 64 cents per share, though revenue was below forecasts. It also gave a full-year forecast that falls largely below analyst projections. Results were hurt by a sales decline at the company's Baskin-Robbins business.

STOCK SYMBOL: DNKN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Facebook – Facebook reported quarterly earnings of $1.32 per share, 19 cents above estimates, with the social media giant's revenue also beating forecasts. Facebook's results were boosted by greater advertising revenue for its mobile app.

STOCK SYMBOL: FB

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences – Gilead beat estimates by 41 cents with adjusted quarterly profit of $2.56 per share, and the drugmaker's revenue easily surpassed estimates. Sales of its hepatitis C drugs did decline, but came in above Street forecasts as well. Gilead raised its full-year sales outlook.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
PayPal – PayPal came in 3 cents ahead of estimates with adjusted quarterly profit of 46 cents per share, with revenue scoring a slight beat. The digital payments provider also raised its full-year guidance as the number of users and transaction volumes increase.

STOCK SYMBOL: PYPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Buffalo Wild Wings – The company fell well short of the $1.05 consensus EPS estimate for its latest quarter with adjusted profit of 66 cents per share, and the restaurant chain's revenue missed as well. The company cited high chicken wing costs, increased operating expenses, and lower than expected same-store sales.

STOCK SYMBOL: BWLD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Discover Financial – Discover reported quarterly profit of $1.40 per share, 5 cents below estimates, although the credit card provider did see revenue come in very slightly above forecasts. Discover saw a jump in loans and deposits, but also saw credit card delinquency rates rise.

STOCK SYMBOL: DFS

(CLICK HERE FOR LIVE STOCK QUOTE!)
Whirlpool – Whirlpool fell 19 cents short of consensus forecasts with adjusted quarterly profit of $3.35 per share, although the appliance maker's revenue was in line with estimates. Whirlpool's results were hurt by a decline in the Europe, Middle East & Africa region, as well as currency issues. The company also lowered its full-year earnings guidance.

STOCK SYMBOL: WHR

(CLICK HERE FOR LIVE STOCK QUOTE!)
HP Inc. – HP announced the Hewlett-Packard Enterprise CEO Meg Whitman has stepped down from the computer and printer maker's board of directors. Whitman had been chair of HP since the company and Hewlett-Packard Enterprise were split from the former Hewlett-Packard in late 2015.

STOCK SYMBOL: HPQ

(CLICK HERE FOR LIVE STOCK QUOTE!)
AstraZeneca – The drugmaker's shares remained pressured after an experimental treatment for advanced lung cancer failed to help patients as much as expected in a trial.

STOCK SYMBOL: AZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Royal Dutch Shell – Shell reported that its second-quarter profit more than tripled from a year ago, as oil prices rose and its refining operations performed well.

STOCK SYMBOL: RDSA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Anheuser-Busch InBev – Anheuser-Busch saw profits rise over a year ago, although they fell slightly shy of analyst forecasts. The beer brewer's bottom line was helped by improved sales in China, Mexico, and South Africa.

STOCK SYMBOL: BUD

(CLICK HERE FOR LIVE STOCK QUOTE!)
McDonald's – McDonald's issued a statement in China reassuring customers about the safety and cleanliness of its ice cream machines. That came in response to U.S. reports and pictures allegedly showing a mold-covered ice cream maker at a restaurant.

STOCK SYMBOL: MCD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – Amazon launched its Prime Now two-hour delivery service in Singapore, taking on rival Alibaba head-on in that market. Separately, Amazon has started a secret project aimed at opportunities in health care including electronic medical records and so-called "telemedicine."

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Discovery Communications — Discovery is now in the lead to buy Scripps Networks according to multiple reports, which say Viacom is now out of the running.

STOCK SYMBOL: DISCA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Diageo – Diageo reported improved earnings and raised its profit margin targets, after the spirits maker saw sales growth across all its major global markets.

STOCK SYMBOL: DEO

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at StockMarket?

I hope you all have an excellent trading day ahead here on this Thursday, July the 27th! ;-)

submitted by bigbear0083 to StockMarket [link] [comments]

7.27.17 Thursday Stock Movers & News: TWTR, VZ, PG, LUV, DNKN, FB, GILD, PYPL, BWLD, WHR, AMZN & more

Good morning traders of the stocks sub! Happy Thursday to everyone. Here are your stock market movers & news on this Thursday, July the 27th, 2017-

(credit to full source)

Frontrunning: July 27

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #5!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • FB
  • TWTR
  • CLF
  • VZ
  • SNAP
  • BMY
  • AMZN
  • SBUX
  • GILD
  • PYPL
  • GNC
  • AZN
  • NOK
  • PG
  • KERX
  • CELG
  • GDX
  • ALXN
  • RTN
  • UPS
  • GDXJ
  • DOW
  • MO
  • SIRI
  • GLD

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Comcast – The NBCUniversal parent reported second-quarter profit of 52 cents per share, 4 cents above estimates, with revenue also beating forecasts. The biggest jump in revenue came from the company's film unit, with a nearly 60 percent increase over a year earlier.

STOCK SYMBOL: KO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twitter – Twitter reported adjusted quarterly profit of 12 cents per share, 7 cents above estimates, while revenue was above analyst forecasts as well. However, user numbers were flat compared to expectations for some growth

STOCK SYMBOL: TWTR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Verizon – Verizon matched forecasts with adjusted quarterly profit of 96 cents per share, although revenue beat. Verizon added 633,000 wireless retail customers during the quarter.

STOCK SYMBOL: VZ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Procter & Gamble – The consumer products giant reported adjusted quarterly profit of 85 cents per share, beating estimates of 78 cents, with revenue slightly above forecasts. The bottom line was helped by cost cutting measures.

STOCK SYMBOL: PG

(CLICK HERE FOR LIVE STOCK QUOTE!)
Southwest Airlines – The airline reported adjusted quarterly profit of $1.24 per share, 4 cents above estimates, while revenue also beat forecasts on an improved fare environment and a record load factor.

STOCK SYMBOL: LUV

(CLICK HERE FOR LIVE STOCK QUOTE!)
Dunkin' Brands – The restaurant operator came in 2 cents above estimates with adjusted quarterly profit of 64 cents per share, though revenue was below forecasts. It also gave a full-year forecast that falls largely below analyst projections. Results were hurt by a sales decline at the company's Baskin-Robbins business.

STOCK SYMBOL: DNKN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Facebook – Facebook reported quarterly earnings of $1.32 per share, 19 cents above estimates, with the social media giant's revenue also beating forecasts. Facebook's results were boosted by greater advertising revenue for its mobile app.

STOCK SYMBOL: FB

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences – Gilead beat estimates by 41 cents with adjusted quarterly profit of $2.56 per share, and the drugmaker's revenue easily surpassed estimates. Sales of its hepatitis C drugs did decline, but came in above Street forecasts as well. Gilead raised its full-year sales outlook.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
PayPal – PayPal came in 3 cents ahead of estimates with adjusted quarterly profit of 46 cents per share, with revenue scoring a slight beat. The digital payments provider also raised its full-year guidance as the number of users and transaction volumes increase.

STOCK SYMBOL: PYPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Buffalo Wild Wings – The company fell well short of the $1.05 consensus EPS estimate for its latest quarter with adjusted profit of 66 cents per share, and the restaurant chain's revenue missed as well. The company cited high chicken wing costs, increased operating expenses, and lower than expected same-store sales.

STOCK SYMBOL: BWLD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Discover Financial – Discover reported quarterly profit of $1.40 per share, 5 cents below estimates, although the credit card provider did see revenue come in very slightly above forecasts. Discover saw a jump in loans and deposits, but also saw credit card delinquency rates rise.

STOCK SYMBOL: DFS

(CLICK HERE FOR LIVE STOCK QUOTE!)
Whirlpool – Whirlpool fell 19 cents short of consensus forecasts with adjusted quarterly profit of $3.35 per share, although the appliance maker's revenue was in line with estimates. Whirlpool's results were hurt by a decline in the Europe, Middle East & Africa region, as well as currency issues. The company also lowered its full-year earnings guidance.

STOCK SYMBOL: WHR

(CLICK HERE FOR LIVE STOCK QUOTE!)
HP Inc. – HP announced the Hewlett-Packard Enterprise CEO Meg Whitman has stepped down from the computer and printer maker's board of directors. Whitman had been chair of HP since the company and Hewlett-Packard Enterprise were split from the former Hewlett-Packard in late 2015.

STOCK SYMBOL: HPQ

(CLICK HERE FOR LIVE STOCK QUOTE!)
AstraZeneca – The drugmaker's shares remained pressured after an experimental treatment for advanced lung cancer failed to help patients as much as expected in a trial.

STOCK SYMBOL: AZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Royal Dutch Shell – Shell reported that its second-quarter profit more than tripled from a year ago, as oil prices rose and its refining operations performed well.

STOCK SYMBOL: RDSA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Anheuser-Busch InBev – Anheuser-Busch saw profits rise over a year ago, although they fell slightly shy of analyst forecasts. The beer brewer's bottom line was helped by improved sales in China, Mexico, and South Africa.

STOCK SYMBOL: BUD

(CLICK HERE FOR LIVE STOCK QUOTE!)
McDonald's – McDonald's issued a statement in China reassuring customers about the safety and cleanliness of its ice cream machines. That came in response to U.S. reports and pictures allegedly showing a mold-covered ice cream maker at a restaurant.

STOCK SYMBOL: MCD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – Amazon launched its Prime Now two-hour delivery service in Singapore, taking on rival Alibaba head-on in that market. Separately, Amazon has started a secret project aimed at opportunities in health care including electronic medical records and so-called "telemedicine."

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Discovery Communications — Discovery is now in the lead to buy Scripps Networks according to multiple reports, which say Viacom is now out of the running.

STOCK SYMBOL: DISCA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Diageo – Diageo reported improved earnings and raised its profit margin targets, after the spirits maker saw sales growth across all its major global markets.

STOCK SYMBOL: DEO

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StockMarketForums.net where this content was originally posted.

DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

I hope you all have an excellent trading day ahead here on this Thursday, July the 27th! ;-)

submitted by bigbear0083 to stocks [link] [comments]

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