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this is wrong:Why is a higher volume of BTC Short positions a bullish indicator?
EDIT: general feedback is that this is incorrect. A greater number of shorts is a BEARish indicator. That makes sense to me. Thanks
Intuitively (for me anyway), a higher number of short positions means there are a larger number of people who feel the price is going to tank. The only reason I can think of to explain why this is a bullish indicator is because for every short position taken, there's someone on the other side of the trade taking a long position(?) But if that's the case, maybe a higher volume of short positions shouldn't really be a bullish or bearish signal, but instead just a signal of price instability(?)
Thanks
-YBB
Intuitively (for me anyway), a higher number of short positions means there are a larger number of people who feel the price is going to tank. The only reason I can think of to explain why this is a bullish indicator is because for every short position taken, there's someone on the other side of the trade taking a long position(?) But if that's the case, maybe a higher volume of short positions shouldn't really be a bullish or bearish signal, but instead just a signal of price instability(?)
Thanks
-YBB
Re: [ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets
Anyone heard any more rumors about the LKT utility token (mentioned briefly by the dev team ~2 months ago)?
My concerns:
edit: spelling
My concerns:
- Having 2 different coins for one exchange might be a little confusing for investors to wrap their heads around.
- That LKT might become "the coin to invest in" for the Lykke exchange, and that my LKK tokens will be worth less.
edit: spelling
Re: [ANN] [ICO] Polyswarm - The first decentralized threat intelligence market.
My only CONCERN:
I heard an interview with CEO of polyswarm, he was asked why NTC token instead of ETH? He responded, that NCT will provide more stable price. Does this mean the NTC price will be pegged? That would pretty much decrease overall ROI. Any thought on this ?
I heard an interview with CEO of polyswarm, he was asked why NTC token instead of ETH? He responded, that NCT will provide more stable price. Does this mean the NTC price will be pegged? That would pretty much decrease overall ROI. Any thought on this ?
There is not a single word in the white paper about NCT being pegged to anything. I don't know the interview and the respective context, but I don't think he was referring to a price peg.
The whitepaper hints that speculation with NCT "economically disincentives speculation":
"As a utility token, PolySwarm economically disincentivizes Nectar
speculation by rewarding honest market participation through the
collection and distribution of Fees (details on page 6) to valueadding,
active participants."
I don't fully understand the mechanics, but feel I should before investing...
Re: [ANN] [ICO] Polyswarm - The first decentralized threat intelligence market.
Trying to figure out the max NCT tokens that will be produced (as I could not find this specifically called out).
My guess is it will be somewhere between 1.8 to 2 Billion NCT (assuming they hit their max funding level of $50M).
$50M USD is the crowdfunding max, and I believe it is also the initial marketcap? Or was there a private round of funding (or a token reserve) that occurred earlier that I've missed counting?
Quick back of the envelope calculation (very rough numbers): $50M = roughly 53,995 ETH (@ $926 each as of Feb 20)
1 ETH = 31,337 NCT (but there are bonus tokens for early contributors)
If we disregard the bonus tokens, then there will be ~ $53,995 ETH x 31,337 = 1,692,062,634 NCT tokens
Even with the bonus applied for early contributors, the total # of NCT tokens probably won't exceed 2 Billion
Did I get this (close to) correct?
My guess is it will be somewhere between 1.8 to 2 Billion NCT (assuming they hit their max funding level of $50M).
$50M USD is the crowdfunding max, and I believe it is also the initial marketcap? Or was there a private round of funding (or a token reserve) that occurred earlier that I've missed counting?
Quick back of the envelope calculation (very rough numbers): $50M = roughly 53,995 ETH (@ $926 each as of Feb 20)
1 ETH = 31,337 NCT (but there are bonus tokens for early contributors)
If we disregard the bonus tokens, then there will be ~ $53,995 ETH x 31,337 = 1,692,062,634 NCT tokens
Even with the bonus applied for early contributors, the total # of NCT tokens probably won't exceed 2 Billion
Did I get this (close to) correct?
Re: [ANN][ICO] 🚀 Confido - Trustless escrow payments with shipment tracking 🚚
If the info is correct, they will going to buy back the tokens at $0.04 each. Raised amount / 9 million
who is going to buy back?
I'm considering it. But, to be honest, I keep feeling the buy back is a scam too
e.g. after all coins are returned, the legal issue (whatever it is?!) will resolve itself and the project will re-emerge, with a much higher valuation. As masternode points out above, I can't see how confido could recover after this stint. I guess I am just being overly suspicious(?) The refund equates to less than 1/10th my investment. Feels like a kick in the face, as opposed to an honest refund.Sorry Joost: your heart may be in the right place. I'm just sore from how this all went down. I sold Monero (when they were priced ~$100/each) to get into Confido. That means my actual losses with Confido are much higher (since I probably would have just held onto my Monero instead of investing in Confido).
Anyways, that's enough complaining
I have better things to think about than this.Quote
Check out these two threads by Theymos (he runs the forum). There's some really good discussion on the topic. Basically Tether is supported by nothing and if there's a run on it they can't honour their agreement to peg it to USD.
Wow I am shocked a forum administrator voiced his opinion about Tether possibly being a scam.
Doesn't this threaten BTC's legitamacy quite a bit?
If tether is exposed as being fraudulent, this (to me) seems to be the #1 threat to bitcoin valuation. Assuming there is in fact fraudulent activity, how long can this be suppressed from the public? I suppose three scenarios:
- Has a case been opened with the local securities commission in the country where tether was created to investigate?
- If there's a run on tether, Bitfinex might have to default.
- If a competitor to tether is adopted by other exchanges, it might cause a run (and then default) on tether.
Re: 11k plus is the price of Bitcoin Now. my fear is.....
If the price spikes in December, it will come with a flood of buy/sell orders. But: remember what happened in Nov when the BTC fork was cancelled? The BTC blockchain was clogged up for quite a while. If a spike happens again, buy/sell orders might sit for hours (days?) before 6+ confirmations are generated. If that sort of processing delay becomes common-place (every time there is a sharp spike in price); it could lead to some erosion of faith in BTC. Also, with institutional investors coming online soon, that's only going exacerbate the issue (due to increased volume).
My guess is that Core will need to increase the number of transactions/sec that BTC can handle...and that means another fork, probably in 2018.
Thoughts?
My guess is that Core will need to increase the number of transactions/sec that BTC can handle...and that means another fork, probably in 2018.
Thoughts?
Re: [ANN][ICO] 🚀 Confido - Trustless escrow payments with shipment tracking 🚚
Thats what kucoin posted about CFD:
"So far, after making our best attempts, KuCoin team is still not able to have an effective communication with CFD team and comprehend their updates. To ensure users interests and minimize the loss in CFD asset investment, KuCoin provides users an emergency solution Till the shutting down of CFD trade (20:25, Nov 20th, 2017 UTC+8), for all the KuCoin users who had made CFD trades, their purchase net value equals to CFD total value minus sell total value. To help users overcome this difficulty, KuCoin is going to trade users purchase net value at the rate of 0.0000038 BTC (approximately $0.03)/CFD and directly deposit into users accounts. After this, users current CFD holdings will not change and can be withdrawn any time. This emergency fund will be deposited into eligible users accounts before 24:00, Nov 30th, 2017 (UTC+8). Protecting users interest is KuCoins mission and responsibility. Well do everything we can to hold this responsibility for a considerably long time.
After moving into business, KuCoin has been faced with numerous of setbacks and challenges. However, user interests will always come first in our solutions, now and ever. Unlike some other exchange platforms, we put our responsibility higher than profit, and this made us a non-profit organization, for now. So, if you believe in us, please do share KuCoins advantages with friends. Last but not least, we have to remind everyone once again that investing cryptocurrency is EXTREMELY RISKY, please play safe."
So they are going to return 38 sat ?!? Market price is 160 sat actually.
"So far, after making our best attempts, KuCoin team is still not able to have an effective communication with CFD team and comprehend their updates. To ensure users interests and minimize the loss in CFD asset investment, KuCoin provides users an emergency solution Till the shutting down of CFD trade (20:25, Nov 20th, 2017 UTC+8), for all the KuCoin users who had made CFD trades, their purchase net value equals to CFD total value minus sell total value. To help users overcome this difficulty, KuCoin is going to trade users purchase net value at the rate of 0.0000038 BTC (approximately $0.03)/CFD and directly deposit into users accounts. After this, users current CFD holdings will not change and can be withdrawn any time. This emergency fund will be deposited into eligible users accounts before 24:00, Nov 30th, 2017 (UTC+8). Protecting users interest is KuCoins mission and responsibility. Well do everything we can to hold this responsibility for a considerably long time.
After moving into business, KuCoin has been faced with numerous of setbacks and challenges. However, user interests will always come first in our solutions, now and ever. Unlike some other exchange platforms, we put our responsibility higher than profit, and this made us a non-profit organization, for now. So, if you believe in us, please do share KuCoins advantages with friends. Last but not least, we have to remind everyone once again that investing cryptocurrency is EXTREMELY RISKY, please play safe."
So they are going to return 38 sat ?!? Market price is 160 sat actually.
Thanks for the heads up on this, coinpreacher. Pretty good news from KuCoin. Nice that they are helping the community out. Sure, it's not a huge amount of $, but better than nothing!
Re: [ANN][ICO] 🚀 Confido - Trustless escrow payments with shipment tracking 🚚
Confido was a popular idea. It seems there's some overlap with other projects, but judging from the ICO, there's still a lot of investor interest out there for this type of solution. Are any "bonafide" crypto devs thinking about "taking over the project"? Signatum has a similar takeover in-progress: they are offering a token exchange plan to move from SIGT to a new coin (STRAKS), and are hoping to attract the old miners and investors by offering similar incentives.
e.g. I'm a developer with 20+ years experience (not all in crypto )
e.g. I'm a developer with 20+ years experience (not all in crypto
)Hi devs.
Long time sigt supporter/investor here.
I was reading some FUD on another thread about the SIGT SkunkHash Raptor algorithm having really nothing behind it from a code point of view. I believe it was implied that there are merely a bunch of includes from other projects without any original code. I was hoping someone from the new team can dispel that statement, please, and point out where in the SIGT source the original code for the algorithm exists.
Thanks a bunch.
-YBB
Long time sigt supporter/investor here.
I was reading some FUD on another thread about the SIGT SkunkHash Raptor algorithm having really nothing behind it from a code point of view. I believe it was implied that there are merely a bunch of includes from other projects without any original code. I was hoping someone from the new team can dispel that statement, please, and point out where in the SIGT source the original code for the algorithm exists.
Thanks a bunch.
-YBB