Publicly Listed Energy Firm Equinor ... - Bitcoin News
Publicly Listed Energy Firm Equinor ... - Bitcoin News
Bitcoin Price (Today) - Live Bitcoin Price Charts & No Ads
Mining Rig for sale eBay
Binance Pool Poised to Grab More Bitcoin Hashrate in ...
Crypto Exchange 'Binance' hacked for 7000 Bitcoins in a ...
A Beginner's Guide to Bitcoin's Lightning Network - Binance
What is Bitcoin Mining? How Does it Actually Work? (2020 ...
Finland Prepares For Bitcoin Ransomware Attack With Cyber ...
Bitcoin Starts With an Up and Down Drama - Bitcoin News
CDCs business model explained - And how this benefits you
wanted to make this post a long time ago but never found the time around it. Right now I feel it justifies a simplified version where I think people can do their own calculations and assumptions. Please put your own opinion on it. But I hope this explains a bit why CDCs decision was good (for them) but not for us.
Their original idea turned a flop. Why? The Cashbacks. I loved the cashbacks but from a business perspective they made no sense: - Other companies cap the cashbacks because they are loss making. - CDC had to share creditcard revenue with AND visa AND wirecard. - Cashbacks are used for crosselling (get a bank account, insurance, loan for your house etc). The lifetime value of a customer makes it viable. - A big chunck of their customers (EU) live in an area where creditcard companies’ shares on purchases are capped at lower rate than the cashbacks. I think this point needs almost no further explanation as the increases costs to get a card clearly show CDC understand this as well.
Industry standard rates, but unsustainable. If you take someones money for interest that means you earn a higher interest rate on that money than you give back. Might be possible with crypto on the short term but very risky. Arguments that you can get these rates on for example SGD are invalid as SGD is not pegged to BTC. Some rates such as the rate for CRO is indeed sustainable for CDC. Don’t want to go too far in it as other people will be more knowledgable in this than me, but: something about interest rate & inflation.
Only use of this is to use it for leverage trading. If you need a loan you wont lock 100% to receive 50%.
Their mastermove, and with a domain like crypto.com the ability to get very big. Google how much Binance made and you know the possibilities. On top of this they created their own monopoly on CRO. Making sure all tokens held by customers are effectively locked. This means they will earn money twice: - On the trading fee; and - On selling you the crypto used to pay the trading fee.
I suspect the four elements described above are all loss-making as of now. But who cares? CDC managed to do what every company dreams of: providing their own financing by printing money. Best of it: 1) they control the price, 2) no need to pay it back, and 3) no need to pay interest. Not even triple A countries with negative interest rates get this good of a deal as they won’t be able to refinance those bonds into perpetuity.
We do not own shares, we own tokens. To make this a valuable investment you want your tokens to go up in value. I know as of now both are up in value but looking longer term here. The value of your tokens can be drilled down to the following: supply and demand. MCO: First of all, I am in favour of CDC using a fractional reserve, or capital requirement to reinvest your money. Ofcourse with checks on their risk profile but how else are they gonna make money from your stakes. It cant be only giving cashbacks and free cards. With or without a reserve the value of MCO would go up eventually. - locking cards causes buying pressure - card cashbacks cause buying pressure (assuming not resold immediately) - Dynamic pricing of cards would cause selling pressure (when CDC is out of MCO it is up to you to sell, some people are happy to sell for $10, keeping the same card and basically freeing an extra card (or 5 - fractional reserve) for someone else. Others want to do it later. Significant gains on your MCO might take long with this process and is based on adoption but would come. CRO:
Trading fees cause demand
Syndicates cause demand (less sustainable as rewards are quite limited with the current oversubscription.
The problem here is the absence of the long term incentive for CRO holders. Right now CRO made very good gains. Personally I don’t understand why but also I cant complain about what it gave me. But in the long term CDC controls the supply. You will never get the good deal you wanted because there is such an absolute whale on the market. See how a bitcoin whale can influence the price of a token and compare their small share to the massive amount of CRO held by CDC. This will not be viable until the market controls the token - which is far, far in the future. Just my thoughts. Do with it as you please. You may not agree, which is your good right. But I hope it makes you think critically about what you are investing in and about the implications of a swap. As in my opinion the upside potential of MCO gets moved from the token investor to CDC. A smart move from their side, one that I totally understand. But there are clearly some losers here (me, us).
This thing is long af and I'm on of those guys now...
Hey guys. One last big dramatic post, even though it feels kind of awkward now since I had no idea I'd attract as much attention as I did with the one yesterday. But a few people asked directly what happened and I feel like I ought to do this. (u/trb0x, u/NefariousNaz) The amount of self-reflection and encouragement I received was astonishing. And u/jtnichol thank you for the gold! I’ve got a lot of respect for you as a moderator and you’ve been great pulling the sub together this last few weeks especially. So I was going into the field for drill (National Guard Reserves US) and I wasn't going to have an opportunity to sell a little peth at a time and edge my liquidation down as u/TheRealDatapunk suggested. When I got back today I saw the amazing reactions to my post and saw that the PETH/Eth ratio changed slightly to put my liquidation at 184.xx. As you guys may have seen, we went to 185.01 on Binance. I took advantage of this bounce to drop the liquidation price again to 165 by selling PETH bit by bit, I'll probably try to lower it further tonight, but I’ve made my peace with getting squeezed out if it happens. It still feels horrible to sell Eth for less than half my avg cost, but it is what it is. I feel lucky (For now, although I know we are likely to keep dropping), and also awful for other people that got squeezed so far. u/JakovTheJakovasaur, u/BakedEnt, u/richyboycaldo, I hope you guys made it I really do. It got me thinking: Part of what grew Bitcoin into what it is today was the community. And this sub is a stellar (no pun intended) example of that. We're a community. We talk about the latest toys like Augur or God's Unchained, debate the politics of issuance and such, and provide support and advice for one another. We are all here because we saw the same thing and recognized its’ value. These losses suck. We may love the tech but we all invested for the money. Like I said this has been a hard lesson, but even if ETH continues to tank and never recovers to ATH (I still know it can, but if it doesn’t…) then we’ll still be a community of people enthralled by the evolution of this wonderful protocol, and the crypto space in general. The ecosystem won’t die because the price can’t hit 1000 again. Looking through the sub I can’t see how any but the most desperate and sadistic trolls would really be entertained considering how well people have been handling their liquidations and supporting one another. We are not undignified, we are not a laughing stock, because we knew what we were getting ourselves into when we signed up for this roller-coaster. I just want to emphasize again how blown away by what an amazing community this is, and I’m right there with all y’all with heavy losses. To answer u/91143fd7dc4a5c4e7e74 My loss so far is in the five-figure range. And is (was) most of my savings. It is more than some of you, and less than others. I’m young and inexperienced. It isn’t the end of the world for me, and it isn’t for any of you either. Don’t let anyone make you feel bad about taking the gamble and putting your money where your beliefs were. Even if it only turned out to be a costly lesson. Take the lesson to heart. Be careful with leverage, diversify (Not just in coins, mind you), never assume you know how far the market “can” go, don’t dismiss the bears entirely, be scrutinizing about the timing of your investment, and don’t FOMO even if you think what you see is cheap. This isn’t your only opportunity to achieve wealth in life, and wealth isn’t all there is to life anyway. I think I am still gonna prowl the sub every so often, but I’m definitely taking a break. Anyone that actually read all of this I hope you got something out of it, and l wish you the best! (Even the shorters…good game.)
In addition to preparing a budget for a new house, we also entail developing a budget for various house essentials to be purchased. Many times people generally think that after weeks and weeks of waiting for loan approval and then signing of piles and piles of the document that they might not have read it – but if they don’t approve, they won’t get the loan, you may think a primary hurdle has passed when financing ultimately takes place. However, that mess is most straightforward - the calm earlier than the storm. https://preview.redd.it/r5n598uutag21.jpg?width=940&format=pjpg&auto=webp&s=81c4476ca73e3d4596ca2f1d05b6e81411ab9e03 The keys of the new house in your little hands, and opening the front door to your spectacular new home sounds simple. But what happens, in reality, is the storm is after opening the doors. You probably wouldn’t have thought of all the items you will need to buy for a new house. This comes as a shock to several first-time home buyers. So, if you want to save money in such expenses, here are the list of items that you might require and the ways you can save a little on some of your new purchases through Bitcoin Payment: · Keys and locks · Lawn Mover · Garden supplies · Tools and repairs items · Hammers: Ball and Claw · Assorted Screwdrivers: Flathead and Phillips · Hacksaw · Pliers · Plumber's Wrench · Basin Wrench · Small Power Drill and Drill Bits · Nail Driver · Staple Gun Use bitcoin payment technology to pay for all your needs. Bitcoin technology is very user-friendly and transparent. Bitcoin payment can be used as an option to pay for all your home needs. XcelPay is a newly developed crypto wallet which enables you to use major cryptocurrencies such as XCELToken, Bitcoin, Ethereum, Binance, DDPT, and other tokens to make payments at various places such as at restaurants, spas, hotels, convenient stores, bars and more. Download your XcelPay app from App Stores or Google Play today.
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region.. The world’s largest crypto exchange is deploying a physical server node for its ... Finland is coordinating a simulated Bitcoin ransomware cyberattack on more than 200 Finnish cities and public organizations. Finland Prepares For Bitcoin Ransomware Attack With Cyber Fire Drill What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... Binance.US is now available in the United States; Top 3 Safest Ways to Buy Bitcoin – No technical experience needed; Cryptocurrency Lending Interest Rates via DeFiRate (Also: COMP Token Price) Cryptocurrency Prices & Top Stories each morning. Bitcoin Daily is delivered to your inbox each morning, we find the top 3 stories and offer our expert analysis & highlight current cryptocurrency ... The multinational Norwegian company Equinor is leveraging natural gas flaring to power bitcoin mining operations in the U.S. Binance suffered a large scale security breach late today, according to a statement. Hackers managed to obtain API keys, two-factor-authentication codes and other information. In addition, 7,000 Bitcoin ($40 million) were withdrawn in a single transaction. The hackers used multiple techniques, including phishing attacks and computer viruses to get at Binance and its hot wallets, First, Bitcoin fell after touching the $9,000 price in the past week. Traders took profits, and they have been following a strong bull run, and the bulls have been looking to take some breath here. Todaro stated, “SEC enforcement actions against crypto projects and companies often put pressure on the space broadly, including Bitcoin.” When talking about the risks of the decline in risk-on ... BITCOIN MINING RIG - 1 GPU, ALT COINS, PRO CRYPTO CURRENCY MINER *BIT PUNISHER* $1,495.00. $173.10 shipping. or Best Offer. 43 sold. Mining Rig w/ 6 x GPU AMD RX 570 8GB! $1,950.00. $150.00 shipping. 7 gpu mining rig MSI RX 580 8 GB Mining Rig. Ethereum Miner-210Mh/s . $1,000.00. 1 bid. $125.00 shipping. Ending Nov 8 at 8:23AM PST 1d 12h. 6x EVGA GeForce GTX 1070 ACX 3.0 GPU Crypto Mining Rig ... Average Bitcoin Transaction Fee (in USD) That might seem insignificant for transactions moving thousands of dollars worth of Bitcoin, but for smaller payments, it’s not sustainable. Who wants to pay for a $3 coffee with a $5 fee attached? With the Lightning Network, you still pay two fees – one to open your channel, and another to close it ...
Bitcoin Ethereum e Binance. Il ciclo in atto cambierà le sorti del mercato!
Bitcoin Technical Analysis & Bitcoin News Today: Binance will launch Bitcoin leverage trading. This mean that Binance will compete with BitMEX and Bybit. Also, I'll use technical analysis on the ... Bienvenido! Si te gusto el video dale Like y Suscribite! Hi there, on this channel I make videos on: • Stock Investing • Basic Financial Advice • Best Stocks... Aprenda como ganhar dinheiro, como economizar e como sair das dívidas com o CANAL DINHEIRO ════════════════════ 📌 BINANCE COM 15% DE DESCONTO: https ... Know how to transfer from Binance to Coinbase. This video will help you move your coins from Binance to hardware wallet or other exchange. In this video, I s... Bitcoin Sinhala Tutorials: https://bitcoinsinhala.com අද video එකෙන් කතා කරන්නෙ binance exchange එකට කොහොමද bitcoin deposit කරන්නෙ ... Bitcoin Technical Analysis & Bitcoin News Today: Is Binance margin trading the new thing? On Binance you can now trade with up to 20x leverage on many cryptocurrencies. People are leaving BitMEX ... Bitcoin Ethereum e Binance. Il ciclo in atto cambierà le sorti del mercato! #criptovalute #tradingon #Bitcoin SCOPRI la TRADINGON ACADEMY: https://bit.ly/2VnP6oo SCOPRI IL CORSO It's Trading Time ... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... Binance Pool’s first product offering will be Bitcoin mining, using a FPPS payment method. - BitPay Partners With Binance to Support BUSD Payments Around the World How to buy and sell Cryptocurrencys on Binance. BitCoin and Ripple Binance https://goo.gl/AzWFhh Once you buy or sell $100 of digital currency or more will g...