The SWARM Research Report 6/12/18

in #crypto6 years ago

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TWITTER


Socal‏ @Socal_crypto
Best Place to trade alts: https://www.binance.com/?ref=11588187
Best Exchange for Leveraged $BTC : https://www.bitmex.com/register/GngwYb
Best Token $BTC markets: https://www.kucoin.com/#/?r=1v177
Best Place for low caps and other hidden gems: https://www.cryptopia.co.nz/Register?referrer=socal … …


nic carter‏ @nic__carter
Wow. So I have a new favorite Bitcoin analytics site (aside from my own) – http://bitcoinvisuals.com . Super comprehensive and cleanly laid-out data, and sophisticated LN analytics too. Amazing work @BitcoinVisuals!


SHILLhouse @shillycrypto
just tripled my $ZRX stack in the hopes that this horizontal support holds one more time


Nik Patel‏ @cointradernik
I just published a revised (at long last) version of my 'Picking Out Microcaps 101' post from July 2017 over on my website. Some minor inaccuracies have been corrected, and outdated information has been updated:
https://www.altcointradershandbook.com/blog/2018/6/12/3-picking-out-microcaps-101-revised


Dennis Parker‏ @Xentagz
So far I've made 42 transactions on Lightning Network, and it has cost me 600 sat (channel open) and about 120 sat in routing fees. total of 720 sat, or 4.9 cents. Virtually no other altcoin can compete with these costs

      1K3 - EOS‏ @1KoH3
Bro - that is actually very expensive. EOS, NEO, XRP, XLM, DGB, IOTA, Steem are like a over a hundred - infinitely cheaper. There are probably more..

      Stephen‏ @sthenc
If your altcoin's value prop is centered around cheap or fast transactions, beware: BTC/LN is coming for you first.


Pacoin‏ @Pacoiin
yolo almost at 100% profit on $peng thanks to @MuseCrypto and @gMAKcrypto (note: these microcaps and especially the ones under litecoin are pretty high risk. So I'm playing them for fun with small amounts that I could lose) Market sucks, gotta be creative now to earn food


#DYORangutang@cryptorangutang
This masternode frenzy is getting out of hand now. Don't get attached to all those high ROI nodes appearing daily with new ANNs and especially watch out for the shitcoins trying to pump their own prices with sudden MN releases. None of this is sustainable and will rekt majorities


Alex Bosworth‏ @alexbosworth
Lightning’s design is very evocative of an organic system. Nodes act like neurons or muscle fibers, working in concert to move funds. Connections between nodes represent real economic commitments. Since the topology is grown & not planned, any first movers have a big advantage.


Cheds Trading [Cancer Fighter] Not giving away ETH‏ @BigCheds
Not even a mercy bounce for $POE


bitbrih‏ @therealbitbrih
$DEFT hashrate really climbing,up 25% in last 24hrs. Had a miner that was gonna sell to me for $3 a pop two days ago and now he’s hodling


฿TF%$D! (Not Giving Away Fruit)‏ @CryptoHustle
$BTC bull trends end with a parabolic blow off top... bear trends end with high volume capitulation that can produce unexpected lows. Bounce or not, I'm saving most of my USD ammo for the bloodiest of degenerate 1D candles.


FACEBOOK


Ross Rinaldo
I'm always hesitant to jump on a hype train when it's already chugging along, however...
ETC being listed on CoinBase (yes I know, repetitive) is a pretty big deal, and if you look at the one day or one week chart you'll think "No way in hell am I riding that candle up."

But, if you look at the 1 year chart, it doesn't seem like such a bad idea to wait for a little dip and then strap in.

I know almost NOTHING about ETC, so please don't take this as advice to buy it. But we all know CoinBase is still the big dog on campus for new entries, and we know that new people like "Cheap Coins"

      Ross Sellers
ETC, the poor man's ethereum

      Rafael Mariano Correa
are u mining etc?

      Ross Rinaldo
I'm not but I might start. Maybe just one rig for now as the profitability is less than half of ETH.


Ciaran Doherty
Ven and wan are pretty close in price at the minute, I've been selling some ven and buying wan, good move?

      Carlos E Zambrano
are u selling those ven at lost or u get some profit at least?
u buying because fomo or you do some TA research on wan before do some trading move?

      Ciaran Doherty
I bought the ven ages ago and been trading to gain what I hold now Carlos so I'm well in profit. Only reason I'm looking at wan is because it's usually priced well above Ven and it's pretty solid

      Carlos E Zambrano
imo, wan it's a solid project, just do some TA research before do something, were at a bloodbath right now, so probably can go down a little bit or this is the real dip.

      Charles McCurdy
I wouldn’t sell Ven, it’s holding up much better during the dips and has a better future imo


Chris Simms
Double Bottom to Hold?
Doesn't get much closer than that. $6,450 low was my must hold and we bounced to the penny off of it thus far. I am personally all cash now and not playing the small bounce currently and will instead wait for bulls to prove themselves. It does not look good in my opinion for a double bottom to hold overall but traders definitely had their eyes on the level and bulls trying to hold it.

      Mohammad Hussain
Cash or tusd?

      Chris Simms
I always do cash just because I trade gdax

      Nikolas Cookies
What’s the next support level if we break this one Chris ?

      Chris Simms
$6k psychological and then prior low of $5873. Biggest positive is daily chart in oversold territory so maybe bulls can get some relief rally going


Chris Simms
BTC Update!

Well market just continues to struggle to make any significant moves up so trying to look at charts from all angles here to give both bearish and bullish signs. As well as help straighten out how I am personally playing the market.

I had scaled in to some small positions from $7100 down to $6700 the other day. I personally did take some small profits just under $6900 last night on my lower entries. This was to free up further capital and make sure I was protecting... potential profits. I then got stopped out on a good size portion this morning just under $6800. This now puts me personally at a small loss overall with very small position still in place which I will exit based on 4 hour chart if it breaks bearish. Personally fine with that as in the end I want to protect capital and can live with small losses.

I am personally focusing mostly on 4 hour chart at this time but looking across time frames will start with weekly.

Weekly:
Bullish signs: we are still holding higher lows. The end.
Bearish signs: we are skating along lower area of equilibrium pattern. 50 week MA remains overhead resistance to get above. Must hold $6450 remains.

Daily:
Bullish signs: don't have much. Ideally need to hold low from 2 days ago of $6652
Bearish signs: symmetrical triangle is broken. Bear pennant shaping up.

4 Hour:
Bullish signs: looking to form a higher low here (potentially at $6712 but still on this candle so may not be official yet but plotted it for now) and then will see if bulls can get a higher high or do they get a lower high and enter equilibrium pattern?
Bearish signs: stuck under 12 EMA. RSI slowly cooling off to give room for another leg down or this higher low does not form and we flush down below $6652.

Overall remain neutral until the weekly chart pattern breaks one direction. Bears currently in position of power and much closer to bear breaking than bull breaking. Heavy cash position personally and will remain patient on any further entries until we see 4 hour higher lows and higher highs or if we fall to lower lows will be watching weekly chart and test of $6450.

Just My 2 Sats!


Adam Jones
Great time to buy alts as BTC is back in the 6k range. What coins are you buying and what other things are you doing to stay positive in this market?

      David Anić
Check SONM , it is very low right now

      Pransis Dyan
Coins? I bought STRAT KMD QTUM and NEO.
Doing to stay positive? I am praying.

      Luka Petrović
Strat was very smart move,just keep it now

      James Keith
ZRX, POWR, Cashaa, Linda

      Andrew Bain Conley
As much DBET as possible.
I just see it as an extended opportunity to load up. The fundamentals haven’t changed.

      Juha Myllymäki
ZRX, APPC, LEND

      Sergio Hernandez
Theta

      William Joseph Brown
Literally one of the only projects that didn’t tank. Stayed pretty solid. Theta is one of the safest and best holdings to have.

      Sergio Hernandez
it’s my biggest holding and has been since .09 cents. It’s the only thing keeping my portfolio up. insane team and honestly my 100x coin at minimum

      Martin Bloomfield
Thankfully closed all my positions a week or so. Now holding in Tether and watching from the side lines for the moment.


Cina Robin
Are upcoming ICO's affected by the downtrend of the market?Are upcoming ICO's affected by the downtrend of the market?

      Vincent Lao
Depends on if the ICO decides to peg ETH to a certain price and your presale discount. The last ICO i've invested in gave us a 50% hedge against ETH, which turned out fine for me. This also depends on the product that you are trying to invest in and the presumed ratio of tokens that are for sale.


EXCHANGES


Bittrex‏ @BittrexExchange
New Listing Update: The $CBC market is open


Stocks.Exchange‏ @StocksExchangeR
lists ABJC coin!
journey with MTRIP begins today


Stocks.Exchange‏ @StocksExchangeR
Together with BCN devs we have fixed the issue with lost deposits. In case you have not get your coins yet, please, create a ticket.


Aurora (IDEX) Not Giving Away ETH@Aurora_dao
$HAV trading will stop at 2:30 UTC due to a token swap. We will re-list in the near future with the new token


Aurora (IDEX) Not Giving Away ETH@Aurora_dao
***Notice: #IDEX will not be able to support the $TRX mainnet token swap (June 21st — June 25th) within the exchange as it will no longer will follow the ERC-20 standard. However, we have gathered some information to help guide you: https://medium.com/aurora-dao/idex-trx-mainnet-token-swap-information-june-21st-25th-a06ddb2b9787 #tron @Tronfoundation


GetBTC‏ @ExchangeGetBTC
XUEZ (XUEZ) market added XUEZ (XUEZ)added to the listing. XUEZ/BTC and XUEZ/ETH markets are available for trading.


UPbit Translator‏ @UPbitExchange
Won Market New Listing : $LOOM / KRW


CoinFalcon‏ @CoinFalcon
#TRON Mainnet is going up! Token migration happening soon, and we’re getting ready for the swap.


Bitpanda‏ @bitpanda
We’re happy to announce @KomodoPlatform is now available on Bitpanda! Start buying and selling $KMD


QUOINE‏ @QUOINE_SG
Dear QUOINERS, We're excited to announce that Peoplewave ($PWV) token is now LIVE on with three trading pairs: PWV/ETH, PWV/BTC, and PWV/QASH.


OKEx‏ @OKEx_
Nebulas (NAS) mainnet swap completed. Deposit & withdrawal now resume normal.


Bit-Z.com‏ @BitZExchange
Bit-Z will launch BBC on BTC & ETH markets.
Bit-Z will launch FTI on BTC & ETH markets. Deposit Start Time: 15:00, June 14, 2018 (UTC/GMT+08:00) Trading Start Time: 15:00, June 19, 2018 (UTC/GMT+08:00)


Kripto Koin‏ @kriptokoin
Btcturk Bitcoin, Ethereum and after Ripple added
Litecoin to its stock exchange


EXX Group‏ @ExchangeXGroup
World Premiere of LST on EXX LST deposit is available
World Premiere of BCST on EXX BCST deposit is available


Huobi Pro‏ @Huobi_Pro
#CMT / #USDT trading pair will be available


Kyber Network (Not Giving Away ETH/BTC)‏ @KyberNetwork
Fysical will be hosting their token sale on the KyberGO platform.


gate.io Exchange‏ @gate_io
The EOS mainnet was released yesterday, we had swapped the EOS ERC20 token to the mainnet asset for all users based on the official snapshot plan. When the EOS main network is stabilized, we will re-open the function of deposit and withdraw.


CoinEgg‏ @CoinEgg_LTD
COINEGG supports ONT token swap and will start the task on July. All the NEP-5 based ONT tokens will be exchanged to new tokens working on mainnet after the token swap. You can deposit ONT to COINEGG in advance for token swap.


Cryptopia Exchange‏ @Cryptopia_NZ
We’re happy to announce the listing of GINcoin $GIN!
We’re happy to announce the listing of PROOF $PF!


Binance‏ @binance
#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairs


Coinbase @coinbase
We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.


CoinMarketCap‏ @CoinMarketCap
New listings! PikcioChain (PKC), CashBet Coin (CBC), CEEK VR (CEEK), SalPay (SAL), Couchain (COU)


Next.Exchange‏ @NextExchange
#DeepOnion @deeponionx $ONION has been integrated on our trading platform and will be available upon public launch scheduled for this month!


MoneroV‏ @monero_v
We look forward to our partnership with the world's largest #Monero exchange @HitBTC, and the upcoming credit and listing of $XMV on the their platform.


BitBay‏ @BitBay
#UCOM gets new trading pairs on BitBay . Buy and sell #UnitedCryptoCommunity for EUR, USD and Polish Zloty


REDDIT


Increasing Strong Position vs. Improving Bad Position
by perfectperformance

I’m always on the fence about this when I invest more fiat into crypto.

Do you add funds to an already strong position you have or do you try and DCA down one of your holdings with a lot of losses?

What are your thoughts on this?
READ MORE: https://www.reddit.com/r/CryptoCurrency/comments/8qhdgo/increasing_strong_position_vs_improving_bad/


Smart contracts now available to bet on the 2018 World Cup directly from inside the Byteball wallet.
by blokchain

No I.D. required, available worldwide. Bet peer to peer.
Just install the Betting Bot from inside the Byteball wallet.

https://wiki.byteball.org/Sports_betting#Betting_bot

READ MORE: https://www.reddit.com/r/CryptoCurrency/comments/8qjg5o/smart_contracts_now_available_to_bet_on_the_2018/


Heads up there are a lot of spam accounts out there posting about crypto
by hikemhigh

So I wrote guides back in the hype days of last year and posted them to various cryptocurrency subreddits. I started noticing that people would comment with random excerpts from my articles on the pages. They were all old accounts (like from 2012) that seem to have been bought to make their posting look more legit. Then to drum up karma they have a bot run posting excerpts from articles in the comments.

Here's a screenshot of literally every comment doing just that. If you check out their profiles you'll see they do it to tons of posts. Then, they start posting their articles (thankfully not upvote manipulated).

I don't think they're tied with any specific coin, but are most likely a paid service to post articles. I've seen a lot of Paragon, CanYa, and Holochain to name a few.
READ MORE: https://www.reddit.com/r/CryptoCurrency/comments/8qk0bq/heads_up_there_are_a_lot_of_spam_accounts_out/


FUD Debunk: "VeChain doesn't even have a blockchain yet"
by nineonetwoonethrow

So VeChain seems to be announcing a new partnership every 4-5 days on average it seems. Every time, I see some people way down at the bottom of the comments (where they should be) saying something like "But they don't even have a blockchain yet" or "But they're just an ETH fork".

So this is here with the intent to educate said people, as well as others who don't know already.

False info #1: "VeChain doesn't have a blockchain yet"
READ MORE: https://www.reddit.com/r/CryptoCurrency/comments/8ql94p/fud_debunk_vechain_doesnt_even_have_a_blockchain/


I built a trading bot - FUD me out of using it
by ruskism

I'd like to preface this with I believe in bitcoin and ethereum. Everything else I use as a tool to accumulate more of both coins.

Weeks of watching BTC's manipulated volatility on Bitmex made me pissed and I decided that instead of trying to guess which way price was going to bart, I built a high timeframe trading strategy instead. Right now it just paints entries (the painted exits suck for the time being and so I'm just moving my stop losses up into profit the farther into profit they go) so I enter all of the trading information manually. Because it's a higher time frame strat, I'll never nail the perfect reversal and the strat does occasionally get fooled into false positives for entries (so I keep a tight stop loss on the initial entry). I find that I'm building a lot of confidence in my trading being able to truly take my emotions out of each trade and letting the strategy work itself.
READ MORE: https://www.reddit.com/r/CryptoCurrency/comments/8qddd9/i_built_a_trading_bot_fud_me_out_of_using_it/


MEDIUM


How to deal with tax and accounting in blockchain based platform accepting Tokens?
Lili

Blockchain based marketplace projects are recently booming and aim to positively disrupt the current economic paradigm of centralized platforms by involving more parties and reducing the need of trust party in the equation.

In this context utility tokens are emerging and are basically used as a mean of payment for specific services rendered within these new ecosystems. The success of such platform would mainly depend on the volume of transactions performed and the incentive market players would have to onboard.

One recurring concern from market players is the accounting and tax treatment in the cryptoworld.
READ MORE: https://medium.com/@Lili_Savings/how-to-deal-with-tax-and-accounting-in-blockchain-based-platform-accepting-tokens-12947c3cd31b


GLITZCOIN: Diamond brokerage at your finger tips
Abduhaphilz Izuagbe Sumaila

Think about any form of business irregularities be it scam, theft, mistrust, cheat that has ravelled all sectors of the economy of the world.

As a reader of this piece, you would agree with me on how this has culminated in countless collapses in these sectors causing economic, social, personality nd psychological derangement for both stakeholders nd market at large.

Not withstanding, the diamond trading market has also suffered from this back-down overtime (the reason being its value that sparkles negative ideology in the minds of many). This has been buttressed by its traditional (paper marketing) process and third party brokerage that one can easily predict grossly the insecurities attached to it. This has also ultimately created an unsatisfactory feeling in the mind of both parties involved after dealings.
READ MORE: https://medium.com/@abduhaphilzizuagbesumaila/glitzcoin-diamond-brokerage-at-your-finger-tips-4ccb035ee760


Utility Tokens, Stores of Value and Asset Inflation
vladimir jelisavcic

As an investor in two blockchain analytics companies (visit Panda Analytics and Elementus) , I am very optimistic about the cryptoasset space as a whole. However, I have found the industry heavy on overvaluation of assets and light on data and fundamental analysis. The most obvious area of this overvaluation that I have observed has been in the space of utility tokens — digital assets that are proposed to provide access to services but lack intrinsic value beyond their use case.

Investors have bid up the price of many utility tokens over the last year. I think there are two main reasons for this. Many investors have not thought through what utility tokens really are, how they will be used, and what they should be worth. Also, I believe that investors are using utility tokens as stores of value. Many think a portfolio of utility tokens is similar to a rare wine collection, where the wine is not consumed by the investor, or an antique car collection where the cars are not driven by the investor. I hypothesize that investors are using (and probably misusing) utility tokens as stores of value.
READ MORE: https://medium.com/@jellyroll505/utility-tokens-stores-of-value-and-asset-inflation-ecd0a1395069


CRYPTO COMPARE STATE OF THE CRYPTO


Bitcoin is up 0.27% at $6,822.340 with a volume of Ƀ56.8k - $387.2M on the USD pairs.

Ether is down 1.22% against Bitcoin at Ƀ0.07764 per Ether and down 0.94% against the dollar to $527.98 with average volume Ƀ41.1k on the ETH/BTC pair.

Bitcoin Cash is down 0.14% to Ƀ0.1385 with volumes of Ƀ19.0k and up 0.48% against the dollar at $942.91.

Ripple is up 0.69% to Ƀ0.0000861 with volumes of Ƀ7.4k and up 1.05% against the dollar at $0.5863.

Zcash is up 3.75% for the day to Ƀ0.03016 per ZEC and up 4.19% against the dollar to $205.59 with an average volume of Ƀ4.4k for the 24 hour period.

Litecoin is down 0.35% against the dollar for the day at $106.84 and down 0.63% to Ƀ0.01567 on volumes of Ƀ13.5k.

Dash is up 0.08% at Ƀ0.04003 with Ƀ4.5k volume and up 0% against the dollar at $272.82.

Iota is down 0.2% to Ƀ0.0002042 on Ƀ3.1k volume.

Ether Classic is up 21.06% to Ƀ0.002294 with volumes of Ƀ18.7k and up 21.21% against the dollar at $15.6.

Monero is down 0.16% against the dollar at $136.72 and down 0.45% against Bitcoin at Ƀ0.02008 on volumes of Ƀ3.1k.

Neo is down 0.56% for the day to Ƀ0.006539 per NEO and down 0.31% against the dollar to $44.4 with an average volume of Ƀ3.4k for the 24 hour period.

Waves is up 1.97% to Ƀ0.0005655 on Ƀ2.5k volume.

Stratis is up 0.35% to Ƀ0.0005189 on Ƀ640.891 volume.

Cardano is up 0.16% to Ƀ0.0000256 on Ƀ3.3k volume.

NEM is down 0.53% to Ƀ0.00003205 on Ƀ673.453 volume.

EOS is down 0.91% to Ƀ0.001629 on Ƀ20.7k volume.

Tron is up 0.29% to Ƀ0.00000691 on Ƀ11.3k volume.

Stellar is down 0.87% to Ƀ0.00003634 on Ƀ3.1k volume.


RELEVANT READS


LA Trader ‘Bitcoin Maven’ Faces Jail Time for LocalBitcoins Activity
https://www.ccn.com/another-la-trader-faces-jail-term-for-trading-on-localbitcoins/

US Regulator Gives Epic, Historic Speech at the UN on How Cryptocurrency Will Change the World
https://dailyhodl.com/2018/06/11/us-regulator-gives-epic-historic-speech-at-the-un-on-how-cryptocurrency-will-change-the-world/

BitTorrent Sells to Blockchain Entrepreneur Justin Sun
https://www.nasdaq.com/article/bittorrent-sells-to-blockchain-entrepreneur-justin-sun-cm976511

EOS Crashes Over Voting Mayhem
https://www.trustnodes.com/2018/06/11/eos-crashes-voting-mayhem

Apple Bans Cryptocurrency Mining on iOS
https://dailyhodl.com/2018/06/11/apple-bans-cryptocurrency-mining-on-ios/

South Korea: Cryptocurrency Exchanges To Be Regulated As Commercial Banks, Boosting Global Legitimacy
https://ethereumworldnews.com/south-korea-cryptocurrency-exchanges-to-be-regulated-as-commercial-banks-boosting-global-legitimacy/

NANO’s Road to Redemption
http://technewsleader.com/2018/06/10/nano-road-to-redemption-2018/

Cryptos Slightly Up Following Trump and Kim “Prelude to Peace” in Korea
https://www.trustnodes.com/2018/06/12/cryptos-slightly-following-trump-kim-prelude-peace-korea

Dapps “Could Actually be Revolutionary” Says President of Germany’s Financial Regulator
https://www.trustnodes.com/2018/06/12/dapps-actually-revolutionary-says-president-germanys-financial-regulator

Cryptocurrency Market Inches Near $300 Billion in Gloomy Outlook
https://www.ccn.com/cryptocurrency-market-inches-near-300-billion-in-gloomy-outlook/

Bitcoin.org Removes All BitPay and Coinbase References
https://nulltx.com/bitcoin-org-removes-all-bitpay-and-coinbase-references/

Coinbase Plans To List Ethereum Classic
https://www.ethnews.com/coinbase-plans-to-list-ethereum-classic
Dept. of Veterans Affairs Looks to Blockchain to Help It Address Many of Its Problems https://cryptovest.com/news/dept-of-veterans-affairs-looks-to-blockchain-to-help-it-address-many-of-its-problems/

Ripple (XRP) Brad Garlinghouse On Bitcoin: China Controls Over 50% Of Bitcoin
https://ethereumworldnews.com/ripple-xrp-brad-garlinghouse-on-bitcoin-china-controls-over-50-of-bitcoin/

74% Of Dutch people are familiar with Bitcoin (BTC) and other cryptocurrencies
https://cryptoupclose.com/74-of-dutch-people-are-familiar-with-bitcoin-btc-and-other-cryptocurrencies/

Wells Fargo bans Credit card based Cryptocurrency purchases
https://blockmanity.com/news/wells-fargo-bans-credit-card-based-cryptocurrency-purchases/

Ethereum Classic Spikes 25% on Coinbase Listing News
https://dollardestruction.com/6561/

IMF Chief Says Global Economic is in Bad Shape, Optimism Towards Cryptocurrency
https://coinwrath.com/imf-chief-says-global-economic-is-in-bad-shape-optimism-towards-cryptocurrency/

***This is not investment advice, this is information culled from the web today. Please do your own research. ***

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