palnet – Page 41

Investing-Engaging-Compounding / SBI Sponsoring [W8]

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

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

$STEEM May finally have something here…

July 7, 2019 Published by timm

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 timm

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 lordbutterfly

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 timm

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.

BITCOIN: interesting Pattern…

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

…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.

Crypto Contest July 6: Status Report XXX

July 6, 2019 Published by timm

In this report I will look how my analysis worked for the month of May 2019. There were 31 contests in May. I have already paid out / upvoted all of them. The analysis was correct seven times, wrong seven times and the cryptocurrency was in a range 17 times.

The correct ones were the following:

In these contests the range option won:

In these contests the analysis was wrong:

How did the previous months’ analysis go?

From April 1, 2017 to May 31, 2019, the analysis has been correct 164 times, wrong 159 times, and the cryptocurrency has been in a range 432 times.

How did the voters do in May 2019?

The voters (the most qualified votes (group or consensus)) were right 18 out of 31 times. So one could say that the crowd was right 58% of time.

Here is the list of contests that the most qualified votes (crowd) won:

How did the voters do earlier?

Here is a table of crowd’s accuracy since February 2018.

May was the second worst month for this year so far.

Conclusion

Congratulations to the winners!

How can I vote? Where is the contest?

You can vote by following this link.

ALL TIME is a LONG TIME $SPX $NDX $DJIA

July 5, 2019 Published by timm

The US Markets just closed out the week at ALL TIME Weekly Closing Highs (the Dow Jones and S&P). The Bears are out talking about unemployment ticking up and the yield curve inverting and Powell cutting rates. Well Mr. Jerome Powell has quite the decision to make in the coming weeks because that insurance rate cut is going to have to come on the back end of a YUGE JOBS Number. The jobs this morning came in RED HOT and the 50 point cut just went out the window. The 25 point cut is now on the ropes and will be a huge decision.

The perma bears just don’t understand this market and that is part of their problem. They can’t go both ways. You have to learn to go both ways! Long and strong baby! Do you go all in here? NO! You should have loaded up at the beginning up June!

I am looking for pullbacks to be bought until otherwise. The chase is on. You cannot be bearish unless you are under 2918 for starters.

Crypto Advice: Influencer Does Note Equal Knowledgeable

July 5, 2019 Published by timm

In this era of podcasts, blogs, videos and such just about anyone can become an influencer if they hit something at the right time and have a little luck.

This isn’t to say that cream doesn’t rise to the top, but there are plenty of people with just an opinion throwing it out as advice and have gained a cult following to give it credibility.

Who are you taking advice from – should you be?

With so many crypto personalities and influencers out there it is tough to weed through all the crap. However there are some thing we can do to see if someone is worth listening to or just pushing their opinions of an agenda.

Experience (qualifications)

There is something to be said for experience, especially because I truly believe in the statement

Experience is the best teacher

With that said, has someone who is giving advice on the price action of cryptocurrencies shown a track record of success? How long have they been actively investing in crypto? Is the information they are providing useful to you in a way that it adds value to your decision making or knowledge base?

Actions Speak Louder Than Words

An influencer that is spouting out a particular piece of advice, or even a specific call, are they acting on it as well or actually doing something different? It happens more often than you think.

Simple But Worth Pointing Out

These things seem obvious but we are emotional creatures and get caught up in hype and propaganda and the reality is it works. I know that if I was more outlandish and over the top I would get more eyeballs on my stuff.

But, after looking back on things like Bitconnect and obvious sh*t coins that were nothing but an ICO pump and dump it is good to remind people to pay attention to who and what they are listening too.

THERE IS ALWAYS UPSIDE AND DOWNSIDE RISK TO ANYTHING YOU INVEST IN.

? Daily Crypto News, July, 5th?

July 5, 2019 (updated July 5, 2019) Published by mr.cryptolemon

June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30% ;
Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency ;
President Maduro Orders The Bank of Venezuela to Accept Petro Crypto ;
Dogecoin Price Surges 37% Following Binance Listing Announcement ;
‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin ;
? Daily Crypto Calendar, July, 5th?
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups.

More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more than 950 new accounts created, marking a 30 percent increase in total client sign-ups, CoinDesk has learned.

In addition, the number of large open interest holders, entities that hold contracts worth at least 25 BTC (worth $280,000 at press time) grew to 49, up from an average of 46 during the last week of June, a new record.

? Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency

At first glance, Facebook’s Libra cryptocurrency doesn’t make sense.

On its face, it is a non-speculative token which uses enough decentralization to make it difficult if not impossible for Facebook to profit off it as the company does from its social media platform.

But in crypto, there is always an upside to the people who launch a new protocol, in the event the protocol succeeds and even in many cases for simply having started development of the project.

This article deals specifically and exclusively with that upside, admittedly handwaving aside many other potential issues with the protocol, to be addressed elsewhere.

? President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.

According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question.

On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the Digital Bank of Youth and Students to open one million Petro wallet accounts for the country’s youth. José Angel Alvarez, president of the country’s National Cryptocurrency Association, commented to cryptocurrency news outlet CCN:

“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency.”

? Dogecoin Price Surges 37% Following Binance Listing Announcement

The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange.

Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday.

The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC).

Users can already deposit DOGE in preparation for trading, the exchange said.

? ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.

Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano.
Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments.

”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”

? Daily Crypto Calendar, July, 5th?

Vexanium (VEX)

Create token dapp release ( Everyone Can Create their Own VEX.Token ) on 5th of July.

NEO (NEO)

Live Telegram AMA from 20:00 – 21:00 (GMT + 8).

Electroneum (ETN)

Software Update

Matrix AI Network (MAN)

“Prof Steve Deng @SteveDeng_AI and Owen Tao @Owen_Matrix will answer them in Next Friday’s AMA.”

Aion (AION)

“Join us this Friday afternoon (EST) as special guest Dave Winterstein (co-founder and CEO) takes over the Aion AMA. ”

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

The market is again trying to break the support line at 0.34$. As we can see, till now that line is doing well its job but I’m not sure it will stay alive long time if we continue to test it like that hours after hours. However, long tests like that can also show that we are reaching a low and that the market doesn’t want go lower. So everything is not always negative but for sure I would like to see the STEEM going UP and take some distance from that support line.

Last Updates

Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Tag: palnet

Investing-Engaging-Compounding / SBI Sponsoring [W8]

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

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

SBI SPONSORING

$STEEM May finally have something here…

When Not to Use an LLC for an Investment Property

When Not to Use an LLC for an Investment Property

1.) House Hacking, FHA Loan, etc.

2.) Low Down Payment Traditional Loans

Protection Though

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

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.

Crypto Contest July 7: Digitex Futures

BITCOIN: interesting Pattern…

Crypto Contest July 6: Status Report XXX

ALL TIME is a LONG TIME $SPX $NDX $DJIA

Crypto Advice: Influencer Does Note Equal Knowledgeable

Who are you taking advice from – should you be?

Experience (qualifications)

Actions Speak Louder Than Words

Simple But Worth Pointing Out

? Daily Crypto News, July, 5th?

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

? Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency

? President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

? Dogecoin Price Surges 37% Following Binance Listing Announcement

? ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

? Daily Crypto Calendar, July, 5th?

STEEM Trading Update by my friend @cryptopassion

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