Log in

Month: July 2019

Investing-Engaging-Compounding / SBI Sponsoring [W8]

July 7, 2019 (updated July 7, 2019) Published by

Another stagnant-price week = Another Good Chance for building your account on the Steem blockchain.

No one likes to see our beloved blockchain losing places at the coinmarketcap list week after week. We have touched the 77th position this week and we are now at the 74th, hope we have touched the bottom… What is clear is that still there are so much Liquid Steem in the Exchanges but I think the increasing trend is decelerating a little, I guess that the reductions on withdrawals to exchanges by @steemit this week is helping a little.

However, as I said in the first paragraph, I remember many people complaining about how expensive was to buy Steem at the time it was costing 4, 5 or 6 USD each, and many of them were almost hoping to see a lower steem price in order to buy and compound/build their accounts.

Ok, so the good time for buying STEEM is NOW.

Despite the current correction of the Crypto Market, BITCOIN is growing, scaling in price, recovering its dominance.

Altcoins, as STEEM, are struggling behind because now, what people is looking at is mainly how to accumulate BITCOIN instead, anyway if for doing so they will lost their investment in other crypto projects…as ours.

What too many people is forgetting when doing this is that once BITCOIN will stabilize its dominance, the transference period will arrive and so, those who have been building their accounts day by day will have their prize…

And then, we will read and hear again people complaining about “how expensive will be to build their Steem account at the current prices” and “what a pity I did not invest 150$ to become a minnow when Steem was so cheap…”

Believe me, that will happen again.

Don’t look for better Social Related Blockchains, STEEM is the one and only. The development is higher here, the communities are stronger and the level of decentralization, despite not being perfect, is also good.

For me there are three important words in order to self-success at the STEEM blockchain:

INVESTING

ENGAGING

COMPOUNDING

Probably, the most important is ENGAGING but the combination with the other 2, INVESTING and COMPOUNDING, makes as a result the SUCCESS in the platform.

SBI SPONSORING

My SBI shares for this week are going to @javirid , @anaclark and @mrhill .

@javirid has already crossed the line of “MINNOW HOOD” a few days ago, I am super happy for him. Additionally, he has revealed this week the project on which @javirid is working on. He has not explained it in detail but it seems to be an Steem-based dapp in order to provide an interface of @dsound application . As I said many times before, this guy deserves to be supported and followed because besides being a good developer, he has a clear thinking and very interesting opinions about any topic, from politics to Blockchain technology.

@anaclark stole my heart a few weeks ago… however, she stopped writing for a while a few weeks ago, but now she is back fully motivated and willing to understand as much as possible about our Blockchain. I would recommend you to read this post and this post from her which are very interesting. She is starting to understand how the Steem Blockchain works so she is posting questions openly about SP, SBD, Power up/down, rewards… I think she is already hooked by the project (LoL).

Besides the @steembasicincome share I am going to delegate some SP to her, just to give her some release in terms of Resource Credits “maneuverability”.

@mrhill , another guy who deserves more attention. He is really progressing very fast and also has received a delegation recently from @grider123 . He has wrote an amazing post about “COMPOUNDING SP” with some interesting experiences in.

All in all, they represent really good candidates for the #tenKminnows@steevc initiative,

And that’s all for this week folks!

Steem on.

@toofasteddie

Cryptocurrency Relative Strength Analysis Report For Week Starting 7/7/19

July 7, 2019 Published by

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy to determine the relative strength of Bitcoin at any point. Not the case for the altcoins…until now. I have taken the more popular altcoins and determined their relative strength, relative to Bitcoin using just moving average.

Binance

EOS

Ethereum

Litecoin

Neo

Steem

Tron

Zcash

Based on the moving averages and the last daily closing price, relative to the moving averages,

the altcoins relative strength, relative to Bitcoin are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

World Stock Market Relative Strength Analysis Report For Week Starting 7/7/19

July 7, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks. Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market. In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

Source Image

Because we live in a global economy, the global equity markets interconnected and highly correlated.  However, some will outperformance other in the short term and long term. When constructing an equity portfolio, for the best returns one needs to have the ability and the capacity to assess all the major equity markets around to asset allocation purposes.  However, the first step is to determine the relative strength of the major equity markets, relative to the bellweather, the S&P 500.

DAX (Germany)

Dow Jones (US)

FTSE 100 (England)

Nasdaq (US)

Nifty 50 (India)

Nikkei 225 (Japan)

Shanghai (China)

Russell 2000 (US)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the world equity markets’ relative strength, relative to the S&P 500 are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

$STEEM May finally have something here…

July 7, 2019 Published by

After being a complete lump on a log and trading in a range tighter than usual for an extended period of time, we may have something here. Steem is looking at breaking up on a 4 hour timeframe and targeting back to the top of the range. With all the innovation improving daily and price staying the same, I am finding harder to believe that price will just stay stagnant. I believe and Up move is in the works here.

When Not to Use an LLC for an Investment Property

July 7, 2019 Published by

That title may have thrown you for a second.  As investors a Limited Liability Corporation (LLC) is one of the best tools we can use for investment properties for both liability and tax purposes.

However, there are some scenarios when using one does not make sense.

When Not to Use an LLC for an Investment Property

1.) House Hacking, FHA Loan, etc.

If you plan on living in the home and leverage loans designed for owner occupants then you would not want to purchase in an LLC, but rather your own name.

LLC’s cannot procure certain loans, such as ones back by the Federal Housing Authority (FHA).  That loan needs to be in your own name.

If you plan to refinance out of that home and move to the next house hack, then at that point flipping it into an LLC can make sense.

2.) Low Down Payment Traditional Loans

As stated above you really can’t get the traditional homebuyer loans using an LLC, which also eliminates low down payment loans for the most part.

Putting down 20-25% will basically be standard when buying with an LLC.   If you don’t have that kind of down payment money then an LLC is probably not the right move for you.

Protection Though

So if we aren’t in a position where leveraging an LLC makes sense how can we be protected?

It’s simple – good old insurance.  It may not be perfect but it has worked for a century, just be sure you have the proper coverage.

Be sure to work through all the insurance options with your agent so nothing slips through the cracks and you and your investment is covered.

Same goes for when using an LLC, be sure to have your lawyer or accountant create it for you and structure it to your needs.

There are many variables in the real estate investing game, but in the end it is not rocket science.  Due diligence and some discipline go a long way.

 

Crypto isnt a scam. But why does the market so badly want to make it seem like it is?

July 7, 2019 (updated July 7, 2019) Published by

Been looking at the twitterverse lately. @nathanmars still going strong pushing Steem exposure forward. Bitcoin maximalists talking trash and shilling Bitcoin like its the second coming when in reality its the FORD T of crypto right now. Binance listed Dogecoin yesterday (facepalm) with the justification of:

Elon Musk mentioned it that one time!

Dogecoin went up 40% that day (i assume there was a correction soon after)… But it begs the question of how the hell did it end up at 30 in MC anyway?

I never understood this. The coin itself is a joke, had almost no development whatsoever for a long time and you hold it instead of putting it into a project with greater value and potential?
It doesnt even have to be something you research thoroughly, something thats hyped up like Tron, supported like Bitcoin…. It can literally be anything. You could literally write all the top 100 cryptos without Dogecoin, each on a piece of paper and pull them out of the hat and you would draw a superior token to Doge. Yes even BSV.

But look at the other projects. Ive talked trash about ETC being listed on Coinbase. When i tried researching ETC and its usage. What i found is almost no info on any dapps and 200 times less daily transactions then STEEM.

Take a look at TRON. Hyped beyond belief, filled to the brim with gambling dapps and still has less transactions then STEEM… Im not saying transactions stats are be all, end all, but JustinTRON loves to proclaim when ever Tron passes EOS in any metric.

A few days ago i wrote this tweet:

And i really do believe it.

If McAfee said he would cut of his penis if BTC isnt at a million USD by whatever date, i will copy his wager and say that if STEEM ever reaches 10 billion USD, a third of ETH market cap right now, and one of the Steem social dapps doesnt overtake Facebook, ill cut my penis off as well and toss it into the long dark night never to be seen again. lol

On a more serious note.

The fact that we are seeing lackluster projects taking top spots in Marketcap is for me a warning sign. It shows to me that the market has a very hard time evaluating projects. Seeing Doge being listed on Binance strengthens that belief.

You can say im wrong to do so, but I will question the future of any market that sells trash assets at a premium price in the long term.

I believe that crypto has a sound foundation. I believe it has the potential (important word) to change the world, but to realize that potential the market needs to take a serious look at itself.

Ruining the perception of the outside world about cryptocurrencies will bring nothing good to anyone in the long run.

Crypto Contest July 7: Digitex Futures

July 7, 2019 Published by

Digitex Futures (HitBTC: DGTXBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, DGTX began a wave one advance on June 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 17, and the red wave two (blue sub-waves a-b-c) correction ended on June 26. If this wave count is correct, DGTX should be heading next towards the June 17 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Digitex Futures is a zero-fee, non-custodial futures exchange with its own base currency, the DGTX token. You can watch their promo video below.

(Sources: Digitex Futures and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

The Sunday Crypto Recap – Down the Rabbit Hole 36

July 6, 2019 Published by

A little cooler in the market this week. Low-ball BTC entry points have been rewarded but a test of 10k and lower does seem likely. This week focuses on Alts as they generally continue to bleed-out against Bitcoin. Personally, I would advise patience – the time to trade out of Alts was 2 months ago.

In addition, this week I’d like to draw your attention to the Twitter section. There’s a lot of value to be extracted from curated Tweets -the constraints imposed by the medium (character limit) occassionally result in very elegantly constructed discussion pieces. The included Tweets range from a few words of witty observation to articles in a Tweet-storm format.

Picks of the Week

An article in a Tweet – well 22 of them discussing the current state of the Alt coin market and what may accrue value going forward. An insiders take on Libra also makes for an excellent investment of time.

Twitter

Time to stop waiting on Alt season? – An article in a Tweet (highly recommended):
https://twitter.com/jdorman81/status/1145897192244166658

Tips on short-term trading BTC (recommended):
https://twitter.com/krugermacro/status/1144984725699911680

Bitfnex shorts explained – technical (recommended):
https://twitter.com/ismailtarim977/status/1145429588031541250

Advice on BTC – short and in my opinion – correct:
https://twitter.com/zhusu/status/1146214526573928449

BTC/ALT divergence:
https://twitter.com/zhusu/status/1146587630110310400

Tether is doing something interesting:
https://twitter.com/sassal0x/status/1146237778075631616

Freedom to encrypt is most certainly not a given anymore:
https://twitter.com/AriDavidPaul/status/1144582882997997568

The saga of Craig Wright continues (summary of the latest of one of his many court appearances):
https://twitter.com/KatieAnanina/status/1144831152131313664

A bullish dispute for crypto (perhaps very bullish indeed)?
https://twitter.com/AlexSaundersAU/status/1146541149600878592

Articles

Touring the institutional landscape of crypto:
https://medium.com/@kinjalbshah/institutions-have-arrived-who-what-and-why-920f00fc00e8

BTC as a global currency – breaking the mould:
https://offthechain.substack.com/p/bitcoins-department-of-defense-the

Dan Larimer’s latest on decentralized governance (recommended):
https://medium.com/@bytemaster/decentralizing-governance-7bb43ddae81d

An interesting (possible) ‘bullish’ indicator from Chinese state media:
https://decrypt.co/7624/chinas-state-run-media-agency-reports

The Internet of Things (IOT) examined:
https://medium.com/swlh/internet-of-things-whats-that-d3fb018aa7b8

IOT and decentralization require each other:
https://cryptobriefing.com/computing-edge-iot-decentralization/

Examining Ethereum as a potential investment:
https://trybe.one/is-ethereum-a-good-investment

Podcast

The case for Libra from an insider (don’t let current regulatory headwinds distract you -Libra will likely launch at some point):

​

https://podcasts.apple.com/au/podcast/libras-dante-disparte-on-why-we-should-trust-financial/id1347049808?i=1000442264377

YouTube

An original thinker with a long history of making good calls – well worth being aware of (recommended):

https://youtu.be/TCOokkMPByE

The Lightning Network very clearly explained (recommended):

https://youtu.be/9UIOeoBEjmw

The market is ever contrary (highly recommended):

https://youtu.be/pM7n7Hk65QU

A sensible take on what to do with your Alts as they currently fail to track BTC (recommended):

https://youtu.be/J3uoDcXgWTU

Infographic

Just in case you hold the belief that interest in Ethereum is dying:

https://etherscan.io/charts

Website / Utility

An easy and engaging way to work out returns on holding BTC (recommended):

https://99bitcoins.com/bitcoin/investment/

Well, I hope you found some material of interest and/or value during this week’s trip through the crypto rabbit hole. As always, looking forward to your comments and suggestions.

Note on Sources:

Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.

XMR technical analysis

July 6, 2019 Published by

XMR seen from the temporality of 1D we can observe the setup of a diagonal expanding, the points of the movement are marked in the graph in blue color, we can see that the point four has respected the figure drawing itself up diagonally to the point two (I have traced it with a diagonal red color), we should expect a point five up diagonally to the point three, to complete the pattern we should reach the area that I have marked within a blue rectangle that is located within the price range of 131.95 – 137.60.

XMR seen from the temporality of 4H we can observe more closely the current movement of the candles, we see how the price has respected the key support located in the 83.48 where it has found demand, therefore, has taken the necessary bullish impulse to break the point EQ located in the 95.28, the current candle is beginning to show signs of a possible retreat, we could have a pullback below the point EQ and take impulse again in the support I have indicated with a blue horizontal color located at 92.56, if you respect this support, the price would be forming a setup of SHS (a very bullish pattern), this figure will be important to convince the bulls to go for point five of the major figure.

In conclusion, if we have a recession in the price below the EQ point, we should later claim the 95 again to follow the ups in the next move of XMR, overcoming the resistance of SUPPLY located at 104.35 the price will not have problems to reach the range of 131.95 – 137.60 mentioned above, as always, I recommend to be very attentive to the movement of the next candles of 4H.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

BITCOIN: interesting Pattern…

July 6, 2019 (updated July 6, 2019) Published by

…the one that we can see on BITCOIN chart right now and, in general, in mostly all the crypto market nowadays…

It is the famous Inverted Head and Shoulders pattern which used to anticipate a change on the price action, in this case upwards.

These kind of pattern often are identified as reversal patterns despite they could also indicate a continuation patterns as well.

What I don’t like at all is that the volume does not look to support the positive direction of the price according to that pattern so, I am afraid we are going to wait some time in order to see if BTC has enough power to cross the neckline.

The inclined neckline shows that 12000 USD can be a good entry point if the volume increases since it will confirm the end of the correction and the resume of the uptrend. If so, the target according to this pattern would indicate a rise around 14500 USD.

As usual, pay attention to the chart and anticipate the move in order to get the most from it.

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Latest Media