Ninjastic
Search content
Sort by
Showing 20 of 40 results by fintekneeks
Post
Topic
Board Announcements (Altcoins)
Re: WAVES. Ultimate crypto-tokens blockchain platform.
by
fintekneeks
on 03/06/2017, 11:10:04 UTC
I admit that I fell over laughing at the BitShares guy; really, you want to compare Waves to BitShares?  He might be right that BitShares has had more time, but look at where Waves already is with less time.  Waves is an interesting crowdfunding platform and it will be fun to watch how it evolves in time.

Also, once glance at the history of bitUSD and bitGold and their "pegged assets" are absolute joke.  Kind of like Steem Dollars; can't seem to actually be $1!

Waves is now featured on what cryptocurrencies pay a dividend.
Post
Topic
Board Altcoin Discussion
Topic OP
Gold Comes To Cryptos and Is Added As A Base Pair
by
fintekneeks
on 30/05/2017, 13:11:55 UTC
Gold is joining the cryptosphere, while also being added as a buy-sell base pair to bitcoin.  In the latter point, one can buy gold with bitcoin and sell gold for bitcoin with several gold merchants.  For people who like selling bitcoin on a pull back so that they can enter at a lower price, this may help provide them with some stable liquidity overall.  Some people prefer gold over dollars.

We do remind readers that we view gold as money, not an investment.  Money is useful for liquidity, principal and exchange, not speculation.
Post
Topic
Board Bitcoin Discussion
Re: Reminder: Be Open and Helpful To New People To Bitcoin
by
fintekneeks
on 30/05/2017, 13:08:36 UTC
Quote from: EcoNorm on April 22, 2017, 10:13:02 PM
i feel like you are absolutly right, people often just misbhave and take bitcoin knowlage for granted when talking to newbies in the field

I'm imperfect and make this mistake too.  It's too easy to think "they should just get it."  I've had to learn to rehearse an explanation, even if I get tired of hearing it from myself because it's important that people relate to it.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] VOXELS (VOX) | The Official Coin of Virtual Reality and Voxelus Platform
by
fintekneeks
on 26/05/2017, 09:08:41 UTC
We look at whether voxels are the future of virtual reality.  In general, both Google and Facebook have jumped into the VR and AR space, as these may be huge fields in gaming, healthcare, exploration, energy, etc in the future.
Post
Topic
Board Announcements (Altcoins)
Re: LBRY.IO - DICUSSION THREAD
by
fintekneeks
on 17/05/2017, 12:34:49 UTC
Quote from: lzqjvh on May 17, 2017, 11:59:32 AM
Is it too late to buy LBRY or is the party just beginning?

Are you just speculating?  Late.

Just hoping for a rise?  Late.

Do you understand the product and have strategies for making passive income with LBRY?  It might be cheap from that angle.

All of the above carry significant risk of loss though, so you've been warned.  This is true with any crypto-token.
Post
Topic
Board Trading Discussion
Topic OP
Should I Invest In Apple? A Few Pros and Cons
by
fintekneeks
on 17/05/2017, 11:48:55 UTC
Some may have missed on investing in Apple and with its continued rise, I've seen people ask about whether it's a good time to buy Apple or not.  With Apple near highs, the risk is much greater, but it's possible that there's room to grow.

Some pros:

  • Sales of products and services have increased with net sales at $53 billion per quarter.
  • Index funds have become popular in recent years because they have been outperforming actively managed funds. Because $AAPL is the largest percentage of the S&P 500 index, as more money pours into these index funds, I believe the funds will have to purchase a larger amount of $AAPL stock to mimic the index.  Index funds do impact markets if participants are willing to buy them with dollar-cost-averaging.

Some cons:

  • While Apple has grown in revenue in most regions, we believe China is a crucial market. This may be symptomatic of slowing growth in China. Any further decline in China revenue may cause lower revenue quarter over quarter. If China sneezes, everyone may catch a cold.
  • In order to pay for part of the CRP, $AAPL issued commercial paper and long-term bonds. $AAPL have increased their long term liabilities to $84 billion.

From should I invest in Apple?
Post
Topic
Board Announcements (Altcoins)
Re: LBRY.IO - DICUSSION THREAD
by
fintekneeks
on 14/05/2017, 10:45:00 UTC
For the entrepreneurial types, LBRY may offer a way to earn yield, similar to having a good billboard spot for advertising.  In one of the earlier version of LBRY, this would have been possible with domains like lbry://one.  If the team iterates on this by category and has best sellers and ad spots, this could be a huge bonus for early investors who risked big, as it would provide them with a way to yield in LBC.

The more uses for a token, the more valuable it may become.
Post
Topic
Board Trading Discussion
Re: For New Investors - The 3 Percent Bitcoin Rule
by
fintekneeks
on 14/05/2017, 09:57:40 UTC
Quote from: Idrisu on May 11, 2017, 07:23:04 AM
Quote from: fintekneeks on May 09, 2017, 12:16:59 PM
People new to Bitcoin may want to consider the 3 Bitcoin Rule (3% of total), since investors unfamiliar with Bitcoin have many stories involving mistakes of selling too early, or jumping in at the wrong time due to the panic of missing a trend.  I met one of the smartest bitcoinaires at a meetup in downtown Dallas, who interacted with Satoshi on the bitcoin forums and was one of the earliest adopters.  He sold his bitcoins to pay for student loans and felt regret at selling the too early, even though I would argue he made a good trade. However, seller’s remorse can happen and we can mitigate it by simply following this 3 Bitcoin Rule: always keep a minimum of 3% of your bitcoin total (so 3 if you have 100).  In our minds, we’ve “lost” these forever, so we don’t debate whether we made a mistake when we sold some or not.

Traders who have more experience may find this rule inappropriate, but for people new to bitcoin, this has done well over time.
I sold part of my bitcoin last month I think up to 95% of my hold at $1090 and this week bitcoin went up to $1,800! not even up to three weeks that I sold out of panic. The wost of it is that I cannot remember using my money for any better things! I just learned from this your post now never to sell my coin out of panic.

That's a good lesson to learn; bitcoin is a tough market for new traders.  Many didn't see the recent 12-15% dip coming and it did.  Friday, I thought GBTC was cheap due to this oversell, just like I saw a lot of potential in GBTC before the bitcoin ETF was denied.  It's a tough market though.

Having a strict rule - whatever it is, helps.  For most people "3 percent" doesn't feel like a lot of risk.  For some, it may be higher or lower.
Post
Topic
Board Speculation (Altcoins)
Re: Is Zcash Worth Over $5000?
by
fintekneeks
on 10/05/2017, 16:49:30 UTC
Quote from: giveen on April 30, 2017, 05:09:23 PM
Quote from: prabakharras on April 30, 2017, 04:55:27 PM
BTC DASH ETH should be well over $2000 first
You can say that btc can be above 2000$ but atcoins in general to achieve the 2000$ can be really hard and it can take 3-5 years to reach at price. Speaking of zcash i really underestimated it when it came in starting but seeing the price has reached 95$ i do have a feeling that soon we can see zcash touching new heights

From its low, it's done fine measured in USD.  Measured in BTC, it's done so-so.  I can think of several others that have done much better when measured in BTC, including ZCL.
Post
Topic
Board Trading Discussion
Re: For New Investors - The 3 Percent Bitcoin Rule
by
fintekneeks
on 10/05/2017, 16:46:16 UTC
Quote from: bamboylee on May 09, 2017, 01:54:07 PM
Isn't 3% left in your account is too small? There is nothing much after you sold 97% of your bitcoin.

What I follow on my altcoins is I sell 10% every 2x of the amount. So if I bought at 20, at 40 I will sell 10%. Then another 10% on 80, 160, 320, 640 and so on. But I only follow this if I believe that the altcoin I am holding have great potential.

You're assuming here that the person only sells the other 97% and never buys again.  He may buy and sell and buy and sell and buy and sell multiple times, but never touches the original 3% and any additional 3%.
Post
Topic
Board Trading Discussion
Re: For New Investors - The 3 Percent Bitcoin Rule
by
fintekneeks
on 10/05/2017, 16:44:55 UTC
Quote from: pawel7777 on May 09, 2017, 12:57:09 PM
Can you provide any rationale for the 3%? Or is the number just taken out of nowhere?

Why not 1%, 5%, 10% or even 20%?

And I must be missing a point, how would the rule prevent the Dallas bitcoinaire from feeling regret for selling 97% of his stash at ridiculously low price? Not to mention that (according to the rule) he vouched to hold the remaining 3% forever, so won't be ever taking any advantage of the price rise, unless he decides not to follow the rule.

For this specific example, the "sell half each time the price doubles" (or variation of it) seems way more appropriate.

Many reasons:

1.  Most people act emotionally, not rationally.
2.  Most people hate math and numbers like 3 and 10 feel easy.  In money, 3 is even easier.
3.  We're talking very new traders; not experts.  People like to talk to everyone like they're an expert; they're not.

Bitcoin is new for most people, thus rules with higher percentages will feel like more risk.  For people familiar (if you have more than 1 year, you're probably good), they generally feel better about retaining more.
Post
Topic
Board Trading Discussion
Topic OP
For New Investors - The 3 Percent Bitcoin Rule
by
fintekneeks
on 09/05/2017, 12:16:59 UTC
People new to Bitcoin may want to consider the 3 Bitcoin Rule (3% of total), since investors unfamiliar with Bitcoin have many stories involving mistakes of selling too early, or jumping in at the wrong time due to the panic of missing a trend.  I met one of the smartest bitcoinaires at a meetup in downtown Dallas, who interacted with Satoshi on the bitcoin forums and was one of the earliest adopters.  He sold his bitcoins to pay for student loans and felt regret at selling the too early, even though I would argue he made a good trade. However, seller’s remorse can happen and we can mitigate it by simply following this 3 Bitcoin Rule: always keep a minimum of 3% of your bitcoin total (so 3 if you have 100).  In our minds, we’ve “lost” these forever, so we don’t debate whether we made a mistake when we sold some or not.

Traders who have more experience may find this rule inappropriate, but for people new to bitcoin, this has done well over time.
Post
Topic
Board Speculation (Altcoins)
Topic OP
What Is the Upcoming Tezos Project About?
by
fintekneeks
on 08/05/2017, 10:12:58 UTC
Tezos will launch a delegated proof-of-stake consensus system that will allow any token holder to participate in this ecosystem. The ecosystem features privacy, governance, smart contracts, and an economic model designed to provide incentives to those staking; the proof-of-stake system will pay these staking nodes through nominal inflation with new tokens.  Tezos is scheduled for release this month and the billionaire Tim Draper is already involved in the ecosystem with a positive view of the project.  We break down the release of Tezos this month, as well as some other facts about the project.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax
by
fintekneeks
on 06/05/2017, 11:52:57 UTC
Quote from: herkuljee on May 06, 2017, 04:10:58 AM
Just have to remember there's about 215 000 new ZEC/ZCL/ZEN every month and to maintain the current prices markets have to eat quite a lot of new coins. Monthly volume is no where near in those levels it could absorb current emission so I believe there's a big hoarding going on from miners. Market cap rises fast just because of the emission. If the prices spike more from now we could see a big correlation once miners stop hoarding and cash out against fat buy support. Which sounds very crypto-like.

Yeah, the entire cryptosphere is in a bubble right now, so everything is enjoying a high at the moment.  You're posting a sensible view that, unless there's enough demand, these could see lower values.  ZClassic hit above $10 recently, meaning it's now returned over 34 multiples from its low to high.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax
by
fintekneeks
on 05/05/2017, 21:05:22 UTC
On a return basis when measuring the lowest price to the highest price, in my view Zclassic has been a better deal for speculators than Zcash.  $0.30 (low) to over $7 (high) is much better than the $26 to over $100 for Zcash on a return basis.

Also, for people new to ZClassic or just checking it out, one pattern I've been watching is if and how it correlates with Zcash.  They don't always rise together, but sometimes they do and it's an interesting pattern to watch.  Possibly a good watch.
Post
Topic
Board Economics
Re: Why Bubbles Can Be Good - Using Bitcoin's 2011 Bubble
by
fintekneeks
on 05/05/2017, 18:57:33 UTC
Quote from: Xester on May 05, 2017, 01:58:20 PM
Quote from: fintekneeks on May 02, 2017, 12:04:32 PM
In general, a bubble creates a feeling of success and prosperity, even though it's only temporary.  Like we saw in bitcoin's 2011 bubble, people overlook reality and give projects and ideas a feeling of success, even though it cannot last because it won't be able to sustain the momentum.  The good projects and ideas ignore this, knowing its temporary; the bad projects do not.  Bad projects become caught up in the bubble, but when it pops and shown to be the fake players they were all along.

The dot com bubble, which people tend to act like was so destructive actually invalidated a lot of bad ideas.  We'll always be richer when bad ideas fail because it makes room for good ideas.  The last thing we want is bad ideas to survive because of low or negative interest rates, or because institutions try to create perfect stability, which keeps bad ideas in existence.  Can bubbles be painful?  Yes, but the pain is only temporary and by removing bad players, it's a temporary pain that increases wealth (Hebrews 12:11).

Bubbles in a sense are seen as a negative situation in the history of bitcoin since the hype was followed by the fall that caused many to lose huge amounts of money. But on the other hand the previous bubbles gives us good experience as to how we should handle bitcoins. This time around we are more conscious and observant on bitcoin trend to avoid big losses.

This is predicated on the assumption that loss and failure don't have value.

The trouble with our society is that we've missed out on the value of both of these.  Working out until failure makes the body stronger.  Experiencing loss or failure is how many of us actually grow as people (some are wise exceptions who can know without losing).  As long as people have an unhealthy attitude toward both of these, you're right, they will see bubbles as bad.

People who cultivate character often recognize that it was failure and loss that instilled the character in them.  This is a major missing message today.  Finally, bitcoin has had 4 bubbles with no interventions of any kind.  And yet, bitcoin is stronger.  The people with character stuck around and built; the people without punched out and gave up.

Welcome to reality.
Post
Topic
Board Economics
Re: Why Bubbles Can Be Good - Using Bitcoin's 2011 Bubble
by
fintekneeks
on 05/05/2017, 00:50:59 UTC
Quote from: odolvlobo on May 02, 2017, 04:22:46 PM
Bubbles are bad because the resources that a bubble wastes dwarf whatever benefits you may find.

It depends.

This thinking assumes that a re-allocation of resources is wasteful.  This may not be correct.  If a person who creates opportunity gains, while a person who only takes opportunity loses, the re-allocation may have created even more wealth.
Post
Topic
Board Speculation (Altcoins)
Re: How Much Does Ethereum Inflate By?
by
fintekneeks
on 05/05/2017, 00:48:37 UTC
For what Ether aims to be for (ultimately the token for the Ethereum platform), the token itself must be adaptable.  When it began, it had an infinite inflation rate of 18 million a year - though as gas was burned, the supply would be reduced.  The community is evaluating this now and the reason is simple: is this a good model for a token that must be used for Ethereum?  Will this work with a POS future - if they definitely go this route?
Post
Topic
Board Speculation (Altcoins)
Topic OP
How Much Does Ethereum Inflate By?
by
fintekneeks
on 04/05/2017, 10:09:47 UTC
We ask what Ethereum's inflation rate is while looking at the historic information on this topic as well as the latest assertions.  In addition, since Ether and Bitcoin are almost always compared to each other (even if they're solving different problems), we look at this assertion.

One point I want to make about bitcoinaires: most of them own both Ether and Bitcoin.  Don't mistake a bitcoin maximalist for a bitcoinaire and vice versa.  A person can like both projects and understand their differences.  The cryptosphere as a whole will evolve with projects solving other problems, so anyone with the attitude of bitcoin vs. everything (and this is a very small group) is going to misunderstand the future.
Post
Topic
Board Economics
Topic OP
Why Bubbles Can Be Good - Using Bitcoin's 2011 Bubble
by
fintekneeks
on 02/05/2017, 12:04:32 UTC
In general, a bubble creates a feeling of success and prosperity, even though it's only temporary.  Like we saw in bitcoin's 2011 bubble, people overlook reality and give projects and ideas a feeling of success, even though it cannot last because it won't be able to sustain the momentum.  The good projects and ideas ignore this, knowing its temporary; the bad projects do not.  Bad projects become caught up in the bubble, but when it pops and shown to be the fake players they were all along.

The dot com bubble, which people tend to act like was so destructive actually invalidated a lot of bad ideas.  We'll always be richer when bad ideas fail because it makes room for good ideas.  The last thing we want is bad ideas to survive because of low or negative interest rates, or because institutions try to create perfect stability, which keeps bad ideas in existence.  Can bubbles be painful?  Yes, but the pain is only temporary and by removing bad players, it's a temporary pain that increases wealth (Hebrews 12:11).