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BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless?

BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless? submitted by satoshi_vision to bitcoincashSV [link] [comments]

BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless?

BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless? submitted by cryptoanalyticabot to cryptoall [link] [comments]

BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless?

BSV support is anywhere from 66-77% of the mining network. Pretty much any exchange or wallet that exclusively support ABC now is blatantly putting their clients money at risk, unless they prepare for possible wipeout. @BitPay @BitGo @binance http://Bitcoin.com reckless? submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

10-15 09:43 - 'CZ Binance on Twitter - funds are safu' (twitter.com) by /u/322gaming1 removed from /r/Bitcoin within 66-76min

CZ Binance on Twitter - funds are safu
Go1dfish undelete link
unreddit undelete link
Author: 322gaming1
submitted by removalbot to removalbot [link] [comments]

Bitcoin mentioned around Reddit: Just sold .66 litecoin to bitcoin and then it just disappeared and says I have no litecoin or bitcoin??? I’m super confused please help me I don’t have any open orders and I feel like they just stole /r/binance

Bitcoin mentioned around Reddit: Just sold .66 litecoin to bitcoin and then it just disappeared and says I have no litecoin or bitcoin??? I’m super confused please help me I don’t have any open orders and I feel like they just stole /binance submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I bought $1k of the Top 10 Cryptos on January 1st, 2019 (Oct Update - Month 22)

I bought $1k of the Top 10 Cryptos on January 1st, 2019 (Oct Update - Month 22)

EXPERIMENT - Tracking Top 10 Cryptos of 2019 - Month Twenty-Two - UP +66%
Like crypto and numbers? Or want to detox from the first meme weekend? Welcome!
\Note - price snapshots are always taken on the 1st of each month, so numbers below are before crypto spiked in early Nov.**
See the full blog post with all the tables here.
tl;dr
  • Moons to first one to find the three hidden cultural references in this post.
  • What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2019, haven't sold or traded. Did the same in 2018 and 2020. Learn more about the history and rules of the Experiments here.
  • October - BTC had a great month, followed by Litecoin and BCH. Crypto diverged from traditional markets this month, a welcome change.
  • Overall since Jan. 2019 - Bitcoin (+262%) still far ahead, followed by ETH (+191%).
  • 2019 Top Ten performing best out of the three experiments.
  • Combining all three three years, Top Ten cryptos are tied with the S&P if I'd taken a similar approach.

Month Twenty Two – UP 66%

2019 Top Ten Snapshot for October
The 2019 Portfolio had a solid month, and was the best performer of the Top Ten Crypto Index Fund Experiments. Most of the cryptos ended October in positive or neutral territory, while the losses of the worst performers were no biggie (at least for crypto).

Question of the month:

In early October, the US Commodity Futures Trading Commission (CFTC) charged this crypto exchange with illegally operating an unregistered trading platform.

A) Bittrex
B) Binance
C) Bitmex
D) That other crypto exchange that starts with the letter “B”
Scroll down for the answer.

Ranking and October Winners and Losers

2019 Top Ten Ranking - 40% dropout rate
After losing quite a bit of ground in the rankings in September, the 2019 Top Ten rebounded a bit in October. Only BSV finished down on the month, down two places (from #9 to #11) and dropping out of the Top Ten. The rest either held or climbed: EOS, Tron and Stellar each advanced one position each and Litecoin picked up four places and was able to rejoin the Top Ten.
It’s good to have LTC back in the familiar confines of the Top Ten, as last month it found itself on the outside looking in, for the first time since the Experiments started back in January 2018.
40% of the crypotos that were in the Top Ten on January 1st, 2019 have dropped out: Tron, Stellar, BSV, and EOS have been replaced by BNB, DOT, ADA, and LINK.
October WinnersBig Poppa BTC had a great month, finishing up +25%. Second place goes to LTC, up +17% in October, followed by BCH, up +14%.
October Losers – The losses were moderate this month, but the L for October goes to BSV, which lost -7% and fell out of the Top Ten. EOS was second worst performing, down -5%.
For overly competitive nerds, here is a tally of which coins have the most monthly wins and losses during the first 22 months of the 2019 Top Ten Experiment:
2019 Ws/Ls
Because it's the default winner in down months, Tether is still far ahead in terms of monthly victories (7). That’s more than twice as much as second place BSV, BTC, and ETH. And although BSV is up 74% since January 2019, it dominates the monthly loss count: it has now finished last in nine out of twenty-two months (paying attention, swing traders?). And XRP is still the only crypto that has yet to notch a monthly win.

Overall update – BTC’s lead increases, XRP back to the basement, 2019 Top Ten pulls ahead of other Experiments.

BTC extended the lead it carved out last month over second place ETH in October. The top two are up +262% and +191% respectively, followed distantly by Litecoin, which is up +79% since January 2019. The initial $100 investment in BTC is currently worth $369.
For the first time since April 2019, BSV has dropped out of the Top Ten.
Twenty-two months into the 2019 Top Ten Index Fund Experiment, 70% of the 2019 Top Ten cryptos are either flat or in the green. After barely escaping the basement last month, XRP has once again sunk to the bottom of the pack, down -33% since January 2019.
At +66%, the 2019 Top Ten Portfolio has pulled ahead of the 2020 Top Ten Portfolio’s +61% gain and both are far, far ahead of the 2018 group , which is down -74% (more on that below).

Total Market Cap for the entire cryptocurrency sector:

Total market cap since Jan 2019 is +215%
Since January 2019, the total market cap for crypto is up +215%. The overall market gained about $50B in October, ending the month just over the psychologically important $400B mark. This is now the highest month-end level since the 2019 Top Ten Experiment began 22 months ago.

Bitcoin dominance:

Are you into BitDom?
After spending much of the year locked in the 65% range, BitDom took a short break in the summer to dip it low, but then has picked it up slow, and has now popped back up to 63%. As always, a high Bitcoin dominance signals less of an appetite for altcoins. Zooming out, the BitDom range since the beginning of the experiment in January 2019 has been between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Group gained $122 in October, so after the initial $1000 investment, the 2019 Top Ten Crypto Portfolio is worth $1,660.
2019 Top Ten Index Fund Experiment ROI
For some context, here’s a look at the ROI over the life of the first 22 months of the 2019 Top Ten Index Fund experiment, month by month:
2019 Top Ten ROI summary
Unlike the completely red table you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the lowest point (-9%), and the highest point (+114%) was May 2019.
At +66%, the 2019 Top Ten Portfolio is now the best performing out of the three Experiments but not by much: the 2020 Top Ten Portfolio is up +61%.
Speaking of the other Experiments, let’s take a look at how the 2019 Top Ten Index Fund Portfolio compare to the parallel projects:
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $‭3,537‬ ($264+ $1,660 +$1,613).
That’s up about +18% for the three combined portfolios, compared to +11% last month.
Here’s a table to help visualize the progress of the combined portfolios:
2018, 2019, 2020 Top Tens combined ROI
To sum up: +18% gain by dropping $1k once a year on whichever cryptos happened to be in the Top Ten on January 1st, 2018, 2019, and 2020.
But what if I’d gone all in on only one Top Ten crypto for the past three years? While many have come and gone over the life of the experiment, only five cryptos have started in Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Let’s take a look at those five:

A tie: BTC catches up to ETH this month for leader of the Three Year Club
Up until this month, Ethereum would have been your best bet. As of the end of October, it’s basically a tie between BTC and ETH. Both are up +121%, (although BTC is technically $21 ahead of ETH).
On the other hand, if I had followed this world’s slowest dollar cost averaging approach with XRP, I’d be down -32%.
With BCH I would have just about broken even.
Alright, that’s crypto. How does crypto compare to the stock market?

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets. The S&P continued to fall from an all time high in the summer, and is now up +30% since January 2019.
S&P since Jan 2019? +30%
The initial $1k investment I put into crypto 22 months ago would be worth $1,300 had it been redirected to the S&P 500 in January 2019. +30% is not a bad return at all. But the 2019 Top Ten Portfolio is up more than double (+66)% over the same time period.
That’s 2019. But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st crypto approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018 = $1220 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1300 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1010 today
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,530.
That is up +17.6% since January 2018. Compared to a +17.9% gain of the combined Top Ten Crypto Experiment Portfolios. You can also compare against five individual coins (BTC, ETH, XRP, BCH, and LTC) by using the table above if you want.
It’s small, but that tiny 0.3% difference in favor of crypto. That’s now seven monthly victories for the S&P vs. three monthly victories for crypto, all clustered in the second half of the year.

Crypto re-takes the lead in October....barely

Conclusion:

Thanks mainly to Bitcoin, October was a good month for crypto and a good month for the 2019 Top Ten Portfolio. As traditional markets have struggled over the last few months, crypto seems to be headed in the opposite direction. I’m looking forward to seeing if those trends hold in the last few months of a crazy year.
Take care of each other out there, stay safe.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2020 Top Ten Experiment.

And the Answer is…

C) Bitmex
In October, the Commodity Futures Trading Commission filed money-laundering and other charges against BitMEX for illegally operating in the US.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Oct Update - Month 34)

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Oct Update - Month 34)

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Thirty-Four - Down -74%
See the full blog post with all the tables here.
tl;dr
  • I'll give the first one to find the four hidden cultural references some moons.
  • What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2018, haven't sold or traded. Did the same in 2019 and 2020. Learn more about the history and rules of the Experiments here.
  • October - BTC and Litecoin had a very good month and crypto as a whole did much better than traditional markets.
  • Overall since Jan. 2018 - Bitcoin still far ahead. And, for the first time since I started this experiment back in Jan. 2018, I'm happy to report: BITCOIN HAS BROKEN EVEN!!!
  • Combining all three three years, Top Ten cryptos is tied with the S&P if I'd taken a similar approach.

Month Thirty Four – Down 74%

2018 Top Ten Summary for October
After an all-red September, it’s nice to see a bit of green this month. Thanks mainly to Bitcoin, the 2018 Top Ten Portfolio finished October with modest gains overall.
But, STOP THE PRESS, what is that!??! Green in the “Total % Change” column!?!? Yes indeed: for the first time in 34 monthly updates, I’m happy to announce that BTC ended October worth more than the price I paid for it on the 31st of December, 2017. Although only up +4% overall, it’s been a long road: this small 2018 Top Ten victory is to be celebrated.

Question of the month:

In October, this global payment service announced it will support cryptocurrency buying, selling, and shopping through its platform.

A) Paypal
B) Square
C) Stripe
D) Alipay
Scroll down for the answer.

Ranking and October Winners and Losers

Rank of 2018 Portfolio - 40% of cryptos are drop outs
Not much movement this month, a bit strange for the 2018 Top Ten Portfolio. Only three cryptos shifted positions in October: NEM’s Top Twenty hopes seem to be fading fast (it dropped from #22 to #24); XLM picked up one spot (#18 to #17); and, much to the relief of long time crypto-ers with a soft spot for the silver to BTC’s gold, Litecoin was able to stop its freefall, rebounding back into the Top Ten nicely, picking up four spots (#12 to #8). Welcome back LTC.
Drop outs: After thirty-four months of this experiment 40% of the cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, LINK, and most recently, DOT.
October Winners – For the second month in a row, this month’s W goes to Bitcoin, up +25% for the month. Litecoin finishes the month in second place, up 17% and climbing back into the Top Ten.
October Losers – For the second month in a row, this month’s L goes to NEM, down -16%. IOTA finished down -11%, the second worst performer of the month.
For the overly competitive nerds, below is a tally of the winners of the first 34 months of the 2018 Top Ten Crypto Index Fund Experiment. Bitcoin still has the most monthly wins (9) and Cardano in second place with 6 monthly wins. With another poor performance in October, NEM now has 8 monthly losses.
Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month yet since January 2018.
Ws and Ls - One coin to rule them all

Overall update – BTC far ahead and breaks even, ETH in distant second place. Dash in last place.

So here we are: point break even. On the 31st of December, 2017, I bought $100 worth of BTC (0.008) at $13,170. Nearly three years later that same 0.008 is worth $13,665. Although only 4%, it’s a symbolic victory and one that’s been a long time coming. The initial investment of $100 thirty-three months ago is now worth about $83. A distant second place, Ethereum is down -45% since January 2018.
At this point in the 2018 Top Ten Experiment, Dash is at the bottom. It has lost -93%. The initial $100 invested in Dash 34 months ago is now worth $6.52.
The 2018 Portfolio welcomed LTC back Top Ten in October. September 2020 was the first time since I started the experiment back in January 2018 that Litecoin had fallen out of the Top Ten.

Total Market Cap for the entire cryptocurrency sector:

Total market cap - back over the $400B mark for the first time in over 2.5 years
The crypto market gained about $50B in finished October over the psychologically important $400B mark, a level we haven’t seen since the end of April 2018.

Bitcoin dominance:

BitDom - growing
After a few months of dipping, BitDom shot back up to 63.1% in October. A big move, but for context, it was up over 68% earlier in 2020.
For even more context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on $1,000 investment since January 1st, 2018:

2018 Top Ten ROI
The 2018 Top Ten Portfolio gained about $25 bucks in October. Despite BTC breaking even, the portfolio overall is still struggling: if I cashed out today, the $1000 initial investment would return about $264, down -74% from January 2018.
Down -74% sounds bad (and it is), but the overall direction lately has been encouraging and a nice break from the negative eighties. Here’s a look at the ROI over the life of the experiment, month by month, for some context:

2018 Top Ten Monthly ROI - Red, red, red
The absolute bottom was -88% back in January 2019.
So the Top Ten Cryptos of 2018 are down -76%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $‭3,537‬ ($264+ $1,660 +$1,613).
That’s up about +18% for the three combined portfolios, compared to +11% last month.
Here’s a table to help visualize:
Combined 2018, 2019, 2020 ROI
That’s a +18% (actually +17.9%) gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for three straight years.
But surely you’d do better if you went all in on one crypto, right?
Depends on your choice. Let’s take a look:
Three year club: BTC and ETH tied
Only five cryptos have started in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Knowing what we know now, which one would have been best to go all in on?
As of this month, it’s basically a tie between BTC and ETH. Both are up +121%, (although BTC is technically $21 ahead of ETH).
So: with $3,000 USD, dropped in $1k chunks on January 1st three times in a row since New Year’s Day 2018, you would be up +121%, by going all in on either BTC or ETH.
The worst choice? At this point in the experiment, that would be XRP, down -32%.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The S&P 500 Index continued its fall from an all time high in August. It ended October up +22% since January 2018.

Monthly S&P since January 2018
The initial $1k investment into crypto on January 1st, 2018 would have been worth about $1220 had it been redirected to the S&P.
But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
  • $1000 investment in S&P 500 on January 1st, 2018 = $1220 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1300 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1010 today
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,530.
That is up +17.6% since January 2018. Compared to a +17.9% gain of the combined Top Ten Crypto Experiment Portfolios. You can compare against five individual coins (BTC, ETH, XRP, BCH, and LTC) by using the table above if you want.
Gentlemen and lady (hello lady, I see you back there) we have a tie.
Well, not quite a tie, crypto is up .3% so crypto gets the win:
Three year S&P vs. Top Ten Crypto Experiments Combined ROI
That’s seven monthly victories for the S&P vs. three monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P in June.

Conclusion:

October saw a bit of divergence between crypto and the S&P: crypto up, S&P down. That separation is nice to see when it often seems that crypto moves in tandem with traditional markets. Two more months left in the year. What more will 2020 throw at us? And how will crypto and traditional markets respond?
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

A) Paypal
Paypal announced in October that it will allow customers to buy, sell, and hold Bitcoin and other cryptocurrencies. Customers will also be able to pay with crypto at 26 million merchants on its network starting in early 2021.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 30 - Down -81%
See the full blog post with all the tables here.
Way too long/don't like words: Halfway through 2020 report: Cardano wins for second straight month, BTC still way ahead overall, ETH alone in second place. NEM (poor, poor, NEM) still in basement, down -95% since Jan 2018. Markets still going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -10% total. Made a few new tables for your viewing enjoyment.

Month Thirty – Down 81%

After two consecutive strong months, the 2018 Top Ten Crypto Index Fund Portfolio lost some ground in June. In a sea of red, there was one bright spot: Cardano finished the month up +9%.
Only ADA in the green

Question of the month:

The 2018 Crypto Index Fund Experiment began January 1st, 2018. Which of the Top Ten cryptos performed best at the end of year one?

A) Bitcoin B) Ethereum C) Bitcoin Cash D) Stellar
Scroll down for the answer.

Ranking and June Winners and Losers

There was a lot of movement with the 2018 Top Ten group this month. For the second month in a row, Cardano made the most upward progress, climbing two positions to reclaim its spot in the Top Ten at #9. By basically finishing the month flat, IOTA picked up one spot in the standings as well. Heading the other direction, XRP, NEM, Dash, and Stellar each fell one place in the rankings.
Thanks to Cardano’s strong month, the overall drop out rate shrank to 40%. In other words, four out of the six cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, and newcomer Crypto.com Coin (oh, hello CRO, where did you come from?).
June Winners – Winner, singular: ADA, for the second month in a row, up +9% while the rest of the field sank or held ground. After a great spring, Cardano’s summer is off to a strong start.
June Losers – For the second month in a row, XRP was the worst performer, down -15.9%. Close behind was Dash, down -15.6% in June.
How has your favorite crypto fared over the first 30 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): Bitcoin followed by Cardano with 5 monthly wins. The most monthly losses? A tie between Stellar and NEM, both with 5. All cryptos have at least one monthly win and Bitcoin stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020 when it gained “only” +31%).

Overall update – BTC returning twice as much second place ETH, NEM in basement.

Although down -30% since January 2018, BTC is still well ahead of the rest of the pack. My initial investment of $100 is now worth about $70.
Ethereum is all alone in second place, down -68%, the initial $100 investment worth about $30.
NEM (down -95%) is still in last place. That initial $100 investment in NEM? Now worth $4.71.

Total Market Cap for the entire cryptocurrency sector:

The crypto market as a whole lost about $21B in June. This is down over half from January 2018 when the market was worth roughly $575B.

Bitcoin dominance:

After three months of zero movement, Bitcoin dominance finally declined, but not by much. It’s been stuck in the mid-60s to low-70s range for the past year.
Since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio lost about $20 bucks in June 2020. If I cashed out today, my $1000 initial investment would return about $187, down -81% from January 2018.
Here’s the ROI over the life of the experiment, month by month:
Ah, a sea of red
After a brief dip last month into the negative seventies, we’re back down to the very familiar negative eighties.
Fun fact: over the course of the 2.5 years since the beginning of the 2018 Top Ten Index Fund Experiment, the portfolio has finished over half of the first thirty months down at least -80%.
Tracking the Top Ten cryptos from January 1st, 2018 has been an undoubtedly painful exercise so far. But what about 2019 and 2020 when I repeated the experiment? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. That’s compared to about +4% last month. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Having trouble keeping up? Yeah, me too. You know what that means?!?!?! NEW TABLE DROP!!
Combined ROI of all three portfolios
Ah, that’s better. Much better.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. Even though the US economy is still reeling from the COVID shock, the stock market (as measured by the S&P) continued to recover in June. The initial $1k investment into crypto on New Year’s Day 2018 would have gained about $170 had it been redirected to the S&P.
Alright, let’s compare all three years of the crypto investments to hypothetical US stock market investments. Taking the same drop-$1,000-per-year-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That is up over+12% since January 2018, compared to -10% of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 22% swing in favor of the stock market, the widest so far this year. Last month, there was only a 6% difference in favor of the stock market. Here’s another new table that shows an emerging pattern:
Three Top Ten Crypto Portfolios vs. hypothetical identical approach with S&P 500

Implications/Observations:

The 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not (and has never been) a winning approach when compared to the overall crypto market. The total market cap is down -54% from January 2018 compared to the -81% for the cryptos that began 2018 in the Top Ten.
This of course implies that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k to Bitcoin, for example, would have me down by -30% instead of -81%.
On the other hand, this bit of diversification has served me well compared to putting all my eggs in NEM‘s -95% basket, for example.
To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the first thirty months compared to the market overall.
Repeating the Top Ten experiments in 2019 and 2020 has resulted in a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. And for the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time…up until the last two months.

Conclusion:

We’re half way through a very strange year, where it seems we’re playing Biblical Plague Bingo. The US market have more or less bounced back from the shock, crypto markets to a lesser degree. What’s next for crypto in an extremely unpredictable year?
Final word: Be excellent to each other.
If you made it this far, thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

D) Stellar
Even though it finished the year down -66%, Stellar outperformed the rest of the 2018 Top Ten Index Fund Experiment Cryptos after the first 12 months. Second place on January 1st, 2019 was Bitcoin, down -71%.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a phase for trading diverse advanced types of cash. It is a computerized cash exchange. With 1.3 billion market capitalization, Bitcoinis the greatest advanced cash exchange. In this particular article, we will talk about the assistance gathering of Bitcoinand what you can benefit by it.
As I said previously, it is an advanced cash exchange, there is a huge load of chaos among the customers on different focuses. The nonattendance of information and sponsorship made them alert before trading the cryptographic cash. Here, we uncover all you need to consider our exchange system and by what means may you use them to trade.
Contact us at Bitcoinsupport number to find a solution and help on:
  1. Two-factor affirmation
  2. Withdrawal area white overview
  3. Understanding cutoff and market demand
  4. How to store on Bitcoinfrom any cryptographic cash wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to decide such a request and requests related to the Bitcoincrypto cash exchange. You may call us to get the assistance of any kind, related to our advanced cash exchange. You may introduce a requesting for a solution for your anxiety and our gathering will help you with discarding that particular issue.
If you are a fledgling and just start using Bitcoinand you are finding disorder or such a requests for us, you may call us at our Bitcoinsupport number. We will quickly uphold you and lead you to the game plan. We offer full assistance to our customers who are extremely novice, you will essentially need to consider us and represent the requests.
There is our Bitcoinapp which is particularly significant for our customers and it causes them from different viewpoints by its amazingly straightforward UI. Nevertheless, if you are feeling that its hard to use or getting tangled in it obviously there is only a solitary way you can get the plan and the best way is to call us on our customer administration number.
An extensive parcel of our customers need Binance's industry-driving API and in light of everything, they have to bring to the table a substitute kind of documentation. If you are in like manner applying for APIs, by then you will require the documentation and taking everything into account, you may demand help on our Bitcoinsupport number.
There is a two-factor affirmation on Bitcoinand it is for the security of your assets. If you need help with setting up two-factor confirmation on Binance, you can set up a withdrawal white overview and favorable position from it which will be a development to the security of your assets. There is an adversary of phishing code that will incorporate an extra layer of security to your cryptographic cash. These are a couple of subjects on which people need help and sponsorship regularly and we are here to help them and support them. Whether or not it is a store on Bitcoinor the piece of market demand in computerized cash or the cutoff demand which submit on the solicitation book. You will discover the answer for the total of your requests. Here is our Bitcoinsupport number and connect with us to liberate any kind from chaos, questions, or help.
submitted by Previous_Ad_9390 to u/Previous_Ad_9390 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Helpline Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a stage for exchanging different digital forms of money. It is a digital money trade. With 1.3 billion market capitalization, Bitcoinis the biggest digital money trade. In this specific article, we will discuss the help group of Bitcoinand what you can profit by it.
As I said before, it is a digital money trade, there is a ton of disarray among the clients on various points. The absence of data and backing made them alarm before exchanging the cryptographic money. Here, we disclose all you require to think about our trade framework and how might you use them to exchange.
Reach us at Bitcoinsupport number to get an answer and help on:
  1. Two-factor confirmation
  2. Withdrawal location white rundown
  3. Understanding cutoff and market request
  4. How to store on Bitcoinfrom any cryptographic money wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to determine any sort of inquiry and inquiries identified with the Bitcoincrypto money trade. You may call us to get the help of any sort, identified with our digital currency trade. You may present a solicitation for an answer for your concern and our group will assist you with disposing of that specific issue.
In the event that you are a novice and simply beginning utilizing Bitcoinand you are discovering disarray or any sort of inquiries for us, you may call us at our Bitcoinsupport number. We will promptly support you and lead you to the arrangement. We offer full help to our clients who are very amateur, you will simply need to call us and pose the inquiries.
There is our Bitcoinapp which is exceptionally valuable for our clients and it causes them from various perspectives by its extremely simple UI. Be that as it may, on the off chance that you are thinking that its difficult to utilize or getting tangled in it of course there is just a single way you can get the arrangement and the most ideal path is to call us on our client service number.
A considerable lot of our clients need Binance's industry-driving API and all things considered, they have to offer an alternate sort of documentation. In the event that you are likewise applying for APIs, at that point you will require the documentation and all things considered, you may request help on our Bitcoinsupport number.
There is a two-factor confirmation on Bitcoinand it is for the security of your resources. On the off chance that you need assistance in setting up two-factor verification on Binance, you can set up a withdrawal white rundown and advantage from it which will be an expansion to the security of your resources. There is an enemy of phishing code that will include an additional layer of security to your cryptographic money. These are a few subjects on which individuals need assistance and backing commonly and we are here to support them and backing them. Regardless of whether it is a store on Bitcoinor the part of market request in digital currency or the cutoff request which submit on the request book. You will find the solution to the entirety of your inquiries. Here is our Bitcoinsupport number and get in touch with us to free any sort from disarray, questions, or help.
submitted by NoMembership4530 to u/NoMembership4530 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Care Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a stage for exchanging different digital forms of money. It is a digital money trade. With 1.3 billion market capitalization, Bitcoinis the biggest digital money trade. In this specific article, we will discuss the help group of Bitcoinand what you can profit by it.
As I said before, it is a digital money trade, there is a ton of disarray among the clients on various points. The absence of data and backing made them alarm before exchanging the cryptographic money. Here, we disclose all you require to think about our trade framework and how might you use them to exchange.
Reach us at Bitcoinsupport number to get an answer and help on:
  1. Two-factor confirmation
  2. Withdrawal location white rundown
  3. Understanding cutoff and market request
  4. How to store on Bitcoinfrom any cryptographic money wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to determine any sort of inquiry and inquiries identified with the Bitcoincrypto money trade. You may call us to get the help of any sort, identified with our digital currency trade. You may present a solicitation for an answer for your concern and our group will assist you with disposing of that specific issue.
In the event that you are a novice and simply beginning utilizing Bitcoinand you are discovering disarray or any sort of inquiries for us, you may call us at our Bitcoinsupport number. We will promptly support you and lead you to the arrangement. We offer full help to our clients who are very amateur, you will simply need to call us and pose the inquiries.
There is our Bitcoinapp which is exceptionally valuable for our clients and it causes them from various perspectives by its extremely simple UI. Be that as it may, on the off chance that you are thinking that its difficult to utilize or getting tangled in it of course there is just a single way you can get the arrangement and the most ideal path is to call us on our client service number.
A considerable lot of our clients need Binance's industry-driving API and all things considered, they have to offer an alternate sort of documentation. In the event that you are likewise applying for APIs, at that point you will require the documentation and all things considered, you may request help on our Bitcoinsupport number.
There is a two-factor confirmation on Bitcoinand it is for the security of your resources. On the off chance that you need assistance in setting up two-factor verification on Binance, you can set up a withdrawal white rundown and advantage from it which will be an expansion to the security of your resources. There is an enemy of phishing code that will include an additional layer of security to your cryptographic money. These are a few subjects on which individuals need assistance and backing commonly and we are here to support them and backing them. Regardless of whether it is a store on Bitcoinor the part of market request in digital currency or the cutoff request which submit on the request book. You will find the solution to the entirety of your inquiries. Here is our Bitcoinsupport number and get in touch with us to free any sort from disarray, questions, or help.
submitted by Classic-Deal-7242 to u/Classic-Deal-7242 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Toll Free Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Toll Free Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Toll Free Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Toll Free Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Toll Free Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a phase for trading diverse advanced types of cash. It is a computerized cash exchange. With 1.3 billion market capitalization, Bitcoinis the greatest advanced cash exchange. In this particular article, we will talk about the assistance gathering of Bitcoinand what you can benefit by it.
As I said previously, it is an advanced cash exchange, there is a huge load of chaos among the customers on different focuses. The nonattendance of information and sponsorship made them alert before trading the cryptographic cash. Here, we uncover all you need to consider our exchange system and by what means may you use them to trade.
Contact us at Bitcoinsupport number to find a solution and help on:
  1. Two-factor affirmation
  2. Withdrawal area white overview
  3. Understanding cutoff and market demand
  4. How to store on Bitcoinfrom any cryptographic cash wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to decide such a request and requests related to the Bitcoincrypto cash exchange. You may call us to get the assistance of any kind, related to our advanced cash exchange. You may introduce a requesting for a solution for your anxiety and our gathering will help you with discarding that particular issue.
If you are a fledgling and just start using Bitcoinand you are finding disorder or such a requests for us, you may call us at our Bitcoinsupport number. We will quickly uphold you and lead you to the game plan. We offer full assistance to our customers who are extremely novice, you will essentially need to consider us and represent the requests.
There is our Bitcoinapp which is particularly significant for our customers and it causes them from different viewpoints by its amazingly straightforward UI. Nevertheless, if you are feeling that its hard to use or getting tangled in it obviously there is only a solitary way you can get the plan and the best way is to call us on our customer administration number.
An extensive parcel of our customers need Binance's industry-driving API and in light of everything, they have to bring to the table a substitute kind of documentation. If you are in like manner applying for APIs, by then you will require the documentation and taking everything into account, you may demand help on our Bitcoinsupport number.
There is a two-factor affirmation on Bitcoinand it is for the security of your assets. If you need help with setting up two-factor confirmation on Binance, you can set up a withdrawal white overview and favorable position from it which will be a development to the security of your assets. There is an adversary of phishing code that will incorporate an extra layer of security to your cryptographic cash. These are a couple of subjects on which people need help and sponsorship regularly and we are here to help them and support them. Whether or not it is a store on Bitcoinor the piece of market demand in computerized cash or the cutoff demand which submit on the solicitation book. You will discover the answer for the total of your requests. Here is our Bitcoinsupport number and connect with us to liberate any kind from chaos, questions, or help.
submitted by International-You-49 to u/International-You-49 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer Support Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a stage for exchanging different digital forms of money. It is a digital money trade. With 1.3 billion market capitalization, Bitcoinis the biggest digital money trade. In this specific article, we will discuss the help group of Bitcoinand what you can profit by it.
As I said before, it is a digital money trade, there is a ton of disarray among the clients on various points. The absence of data and backing made them alarm before exchanging the cryptographic money. Here, we disclose all you require to think about our trade framework and how might you use them to exchange.
Reach us at Bitcoinsupport number to get an answer and help on:
  1. Two-factor confirmation
  2. Withdrawal location white rundown
  3. Understanding cutoff and market request
  4. How to store on Bitcoinfrom any cryptographic money wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to determine any sort of inquiry and inquiries identified with the Bitcoincrypto money trade. You may call us to get the help of any sort, identified with our digital currency trade. You may present a solicitation for an answer for your concern and our group will assist you with disposing of that specific issue.
In the event that you are a novice and simply beginning utilizing Bitcoinand you are discovering disarray or any sort of inquiries for us, you may call us at our Bitcoinsupport number. We will promptly support you and lead you to the arrangement. We offer full help to our clients who are very amateur, you will simply need to call us and pose the inquiries.
There is our Bitcoinapp which is exceptionally valuable for our clients and it causes them from various perspectives by its extremely simple UI. Be that as it may, on the off chance that you are thinking that its difficult to utilize or getting tangled in it of course there is just a single way you can get the arrangement and the most ideal path is to call us on our client service number.
A considerable lot of our clients need Binance's industry-driving API and all things considered, they have to offer an alternate sort of documentation. In the event that you are likewise applying for APIs, at that point you will require the documentation and all things considered, you may request help on our Bitcoinsupport number.
There is a two-factor confirmation on Bitcoinand it is for the security of your resources. On the off chance that you need assistance in setting up two-factor verification on Binance, you can set up a withdrawal white rundown and advantage from it which will be an expansion to the security of your resources. There is an enemy of phishing code that will include an additional layer of security to your cryptographic money. These are a few subjects on which individuals need assistance and backing commonly and we are here to support them and backing them. Regardless of whether it is a store on Bitcoinor the part of market request in digital currency or the cutoff request which submit on the request book. You will find the solution to the entirety of your inquiries. Here is our Bitcoinsupport number and get in touch with us to free any sort from disarray, questions, or help.
submitted by Ok-Loss-2384 to u/Ok-Loss-2384 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a stage for exchanging different digital forms of money. It is a digital money trade. With 1.3 billion market capitalization, Bitcoinis the biggest digital money trade. In this specific article, we will discuss the help group of Bitcoinand what you can profit by it.
As I said before, it is a digital money trade, there is a ton of disarray among the clients on various points. The absence of data and backing made them alarm before exchanging the cryptographic money. Here, we disclose all you require to think about our trade framework and how might you use them to exchange.
Reach us at Bitcoinsupport number to get an answer and help on:
  1. Two-factor confirmation
  2. Withdrawal location white rundown
  3. Understanding cutoff and market request
  4. How to store on Bitcoinfrom any cryptographic money wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to determine any sort of inquiry and inquiries identified with the Bitcoincrypto money trade. You may call us to get the help of any sort, identified with our digital currency trade. You may present a solicitation for an answer for your concern and our group will assist you with disposing of that specific issue.
In the event that you are a novice and simply beginning utilizing Bitcoinand you are discovering disarray or any sort of inquiries for us, you may call us at our Bitcoinsupport number. We will promptly support you and lead you to the arrangement. We offer full help to our clients who are very amateur, you will simply need to call us and pose the inquiries.
There is our Bitcoinapp which is exceptionally valuable for our clients and it causes them from various perspectives by its extremely simple UI. Be that as it may, on the off chance that you are thinking that its difficult to utilize or getting tangled in it of course there is just a single way you can get the arrangement and the most ideal path is to call us on our client service number.
A considerable lot of our clients need Binance's industry-driving API and all things considered, they have to offer an alternate sort of documentation. In the event that you are likewise applying for APIs, at that point you will require the documentation and all things considered, you may request help on our Bitcoinsupport number.
There is a two-factor confirmation on Bitcoinand it is for the security of your resources. On the off chance that you need assistance in setting up two-factor verification on Binance, you can set up a withdrawal white rundown and advantage from it which will be an expansion to the security of your resources. There is an enemy of phishing code that will include an additional layer of security to your cryptographic money. These are a few subjects on which individuals need assistance and backing commonly and we are here to support them and backing them. Regardless of whether it is a store on Bitcoinor the part of market request in digital currency or the cutoff request which submit on the request book. You will find the solution to the entirety of your inquiries. Here is our Bitcoinsupport number and get in touch with us to free any sort from disarray, questions, or help.
submitted by No_Ask_2054 to u/No_Ask_2054 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a phase for trading diverse advanced types of cash. It is a computerized cash exchange. With 1.3 billion market capitalization, Bitcoinis the greatest advanced cash exchange. In this particular article, we will talk about the assistance gathering of Bitcoinand what you can benefit by it.
As I said previously, it is an advanced cash exchange, there is a huge load of chaos among the customers on different focuses. The nonattendance of information and sponsorship made them alert before trading the cryptographic cash. Here, we uncover all you need to consider our exchange system and by what means may you use them to trade.
Contact us at Bitcoinsupport number to find a solution and help on:
  1. Two-factor affirmation
  2. Withdrawal area white overview
  3. Understanding cutoff and market demand
  4. How to store on Bitcoinfrom any cryptographic cash wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to decide such a request and requests related to the Bitcoincrypto cash exchange. You may call us to get the assistance of any kind, related to our advanced cash exchange. You may introduce a requesting for a solution for your anxiety and our gathering will help you with discarding that particular issue.
If you are a fledgling and just start using Bitcoinand you are finding disorder or such a requests for us, you may call us at our Bitcoinsupport number. We will quickly uphold you and lead you to the game plan. We offer full assistance to our customers who are extremely novice, you will essentially need to consider us and represent the requests.
There is our Bitcoinapp which is particularly significant for our customers and it causes them from different viewpoints by its amazingly straightforward UI. Nevertheless, if you are feeling that its hard to use or getting tangled in it obviously there is only a solitary way you can get the plan and the best way is to call us on our customer administration number.
An extensive parcel of our customers need Binance's industry-driving API and in light of everything, they have to bring to the table a substitute kind of documentation. If you are in like manner applying for APIs, by then you will require the documentation and taking everything into account, you may demand help on our Bitcoinsupport number.
There is a two-factor affirmation on Bitcoinand it is for the security of your assets. If you need help with setting up two-factor confirmation on Binance, you can set up a withdrawal white overview and favorable position from it which will be a development to the security of your assets. There is an adversary of phishing code that will incorporate an extra layer of security to your cryptographic cash. These are a couple of subjects on which people need help and sponsorship regularly and we are here to help them and support them. Whether or not it is a store on Bitcoinor the piece of market demand in computerized cash or the cutoff demand which submit on the solicitation book. You will discover the answer for the total of your requests. Here is our Bitcoinsupport number and connect with us to liberate any kind from chaos, questions, or help.
submitted by Motor_Ad6106 to u/Motor_Ad6106 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Toll FRee Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a stage for exchanging different digital forms of money. It is a digital money trade. With 1.3 billion market capitalization, Bitcoinis the biggest digital money trade. In this specific article, we will discuss the help group of Bitcoinand what you can profit by it.
As I said before, it is a digital money trade, there is a ton of disarray among the clients on various points. The absence of data and backing made them alarm before exchanging the cryptographic money. Here, we disclose all you require to think about our trade framework and how might you use them to exchange.
Reach us at Bitcoinsupport number to get an answer and help on:
  1. Two-factor confirmation
  2. Withdrawal location white rundown
  3. Understanding cutoff and market request
  4. How to store on Bitcoinfrom any cryptographic money wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to determine any sort of inquiry and inquiries identified with the Bitcoincrypto money trade. You may call us to get the help of any sort, identified with our digital currency trade. You may present a solicitation for an answer for your concern and our group will assist you with disposing of that specific issue.
In the event that you are a novice and simply beginning utilizing Bitcoinand you are discovering disarray or any sort of inquiries for us, you may call us at our Bitcoinsupport number. We will promptly support you and lead you to the arrangement. We offer full help to our clients who are very amateur, you will simply need to call us and pose the inquiries.
There is our Bitcoinapp which is exceptionally valuable for our clients and it causes them from various perspectives by its extremely simple UI. Be that as it may, on the off chance that you are thinking that its difficult to utilize or getting tangled in it of course there is just a single way you can get the arrangement and the most ideal path is to call us on our client service number.
A considerable lot of our clients need Binance's industry-driving API and all things considered, they have to offer an alternate sort of documentation. In the event that you are likewise applying for APIs, at that point you will require the documentation and all things considered, you may request help on our Bitcoinsupport number.
There is a two-factor confirmation on Bitcoinand it is for the security of your resources. On the off chance that you need assistance in setting up two-factor verification on Binance, you can set up a withdrawal white rundown and advantage from it which will be an expansion to the security of your resources. There is an enemy of phishing code that will include an additional layer of security to your cryptographic money. These are a few subjects on which individuals need assistance and backing commonly and we are here to support them and backing them. Regardless of whether it is a store on Bitcoinor the part of market request in digital currency or the cutoff request which submit on the request book. You will find the solution to the entirety of your inquiries. Here is our Bitcoinsupport number and get in touch with us to free any sort from disarray, questions, or help.
submitted by Economy-Ad2454 to u/Economy-Ad2454 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Customer care Number,Bitcoin Customer Service helpline Number US
Bitcoinsupport number
Bitcoinprovides a phase for trading diverse advanced types of cash. It is a computerized cash exchange. With 1.3 billion market capitalization, Bitcoinis the greatest advanced cash exchange. In this particular article, we will talk about the assistance gathering of Bitcoinand what you can benefit by it.
As I said previously, it is an advanced cash exchange, there is a huge load of chaos among the customers on different focuses. The nonattendance of information and sponsorship made them alert before trading the cryptographic cash. Here, we uncover all you need to consider our exchange system and by what means may you use them to trade.
Contact us at Bitcoinsupport number to find a solution and help on:
  1. Two-factor affirmation
  2. Withdrawal area white overview
  3. Understanding cutoff and market demand
  4. How to store on Bitcoinfrom any cryptographic cash wallet?
  5. Anti-phishing code control.
We are giving you Bitcoinsupport number to decide such a request and requests related to the Bitcoincrypto cash exchange. You may call us to get the assistance of any kind, related to our advanced cash exchange. You may introduce a requesting for a solution for your anxiety and our gathering will help you with discarding that particular issue.
If you are a fledgling and just start using Bitcoinand you are finding disorder or such a requests for us, you may call us at our Bitcoinsupport number. We will quickly uphold you and lead you to the game plan. We offer full assistance to our customers who are extremely novice, you will essentially need to consider us and represent the requests.
There is our Bitcoinapp which is particularly significant for our customers and it causes them from different viewpoints by its amazingly straightforward UI. Nevertheless, if you are feeling that its hard to use or getting tangled in it obviously there is only a solitary way you can get the plan and the best way is to call us on our customer administration number.
An extensive parcel of our customers need Binance's industry-driving API and in light of everything, they have to bring to the table a substitute kind of documentation. If you are in like manner applying for APIs, by then you will require the documentation and taking everything into account, you may demand help on our Bitcoinsupport number.
There is a two-factor affirmation on Bitcoinand it is for the security of your assets. If you need help with setting up two-factor confirmation on Binance, you can set up a withdrawal white overview and favorable position from it which will be a development to the security of your assets. There is an adversary of phishing code that will incorporate an extra layer of security to your cryptographic cash. These are a couple of subjects on which people need help and sponsorship regularly and we are here to help them and support them. Whether or not it is a store on Bitcoinor the piece of market demand in computerized cash or the cutoff demand which submit on the solicitation book. You will discover the answer for the total of your requests. Here is our Bitcoinsupport number and connect with us to liberate any kind from chaos, questions, or help.
submitted by Organic_Personality3 to u/Organic_Personality3 [link] [comments]

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US

USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
USA +1.855<945>31.66~ Bitcoin Support phone Number,Bitcoin Customer Service helpline Number US
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Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Round up of Cryptocurrency News #10 Week 28/09 - 4/10

Hello and sorry all its been about a month since serious post. So what has happened this week? 1. Kucoin exchange was hacked for over $150 Million in Bitcoin. Bitfinex and Tether freezes $33 Million of stolen funds. Over this past week we have seen many cryptocurrencies on the exchange be released from the freeze. However, users are still waiting on the main cryptos to be released as KuCoin is working on their security of their platform to make sure it does not happen again. The hacker itself tried to dump his tokens over Binance... Good try lol https://news.bitcoin.com/kucoin-hack-17m-laundered-via-decentralized-exchanges-blockchain-analysis-firm-claims-this-can-still-be-traced/ (HOLY MOLY) https://news.bitcoin.com/kucoin-ceo-says-exchange-hack-suspects-found-204-million-recovered/ 2. Bitcoin outperforms Gold, Nasdaq, 10 year treasury and S&P 500. not surprising at all for us but still very interesting, Bitcoin is up 48% since the start of the year. It appears more people are becoming interested in cryptocurrency as Bitcoin continues to be the best performing asset not just in the past 10 years but of all time. On a more personal note, I was at a small gathering today (within covid restrictions) and I was just saying how i was really interested in cryptocurrency. For the first time ever everyone around me was really interested in what it was and how it worked also talked to a lot of my stock market friends and almost all have pulled out or thinking of pulling out. related: https://dailyhodl.com/2020/10/01/report-details-unprecedented-levels-of-wall-street-interest-in-bitcoin-and-cryptocurrency/ https://dailyhodl.com/2020/10/02/former-goldman-institutional-trader-says-large-investors-now-buying-bitcoin-and-gold-at-same-pace-heres-why/ 3. CBDC news - US federal reserve is actively working on the a digital dollar. From a previous post we know that the European Union is working on a Digital Euro and China is working on their own digital dollar. For me this is a bit of a worrying issue and seems like an upgrade for their own outdated systems completely removing the idea of decentralisation. In addition to this, I find it interesting that in Australia all cryptocurrency tax laws were written in late 2017/2018 and continues to be adapted. In Russia their are harsh penalties for unreported cryptocurrency holdings. In my controversial view I think the technology of blockchain can actually be used to recreate and rewrite a much better future through its innate abilities. we can avoid things like this: https://news.bitcoin.com/jpmorgan-fraud-billion-dollar-settlement/ 4. Highlights on cryptojacking - if you dont know what this is it is when a script or code runs on a computer to mine cryptocurrency using your computer resources. You can block these using other programs or scripts and being safe over the internet. 5. World economic forum names XRP as crypto asset most relevant in central bank digital currency space. Many partnerships in the space plus flare coming later. https://dailyhodl.com/2020/09/30/ripple-matchmaking-effort-discovered-featuring-170-financial-institutions-is-xrp-front-and-cente i definitely have a love hate relationship with XRP. 6. https://dailyhodl.com/2020/09/28/defi-movement-shatters-11000000000-in-total-crypto-assets-locked/ https://news.bitcoin.com/uniswap-captures-2-billion-locked-dex-volume-outpaces-second-largest-centralized-exchange/ 7. https://www.ey.com/en_au/blockchain/blockchain-platforms 8. https://dailyhodl.com/2020/09/29/twitter-ceo-jack-dorsey-says-bitcoin-and-blockchain-will-fuel-financial-freedom-and-transform-future-of-content-delivery/ 9. https://news.bitcoin.com/easily-spend-your-bitcoin-via-prepaid-debit-card-or-a-paypal-account-with-bitcoin-of-americas-easy-to-use-trading-platform/ 10. https://news.bitcoin.com/bitcoin-com-exchange-to-list-aspire-and-aspire-gas-as-newest-digital-asset-creation-platform-comes-to-market/ 11. https://news.bitcoin.com/onecoin-victims-petition-establishment-european-crypto-fraud-compensation-fund/ 12. https://news.bitcoin.com/atari-announces-ieo-collaboration-and-listing-of-the-atari-token-with-bitcoin-com-exchange/ Atari also partners with Cryptocurrency project ULTRA. Don't sleep on NFT projects, they may be a niche but they help with organisation, collectability and simplifies processes. 13. https://news.bitcoin.com/aurus-disrupts-the-gold-industry-today-its-ecosystem-lists-at-a-value-of-75m/ 14. https://dailyhodl.com/2020/10/01/irs-deploying-two-firms-to-track-crypto-transactions-in-million-dollar-deal/ 15. https://dailyhodl.com/2020/10/01/number-of-crypto-users-shatters-100000000-worldwide-cambridge-study/ https://news.bitcoin.com/bitcoin-posts-a-66-day-consecutive-streak-above-the-10k-price-range/ 16. https://news.bitcoin.com/cryptocurrency-exchange-diginex-trading-nasdaq/ 17. https://news.bitcoin.com/smart-contract-protocol-rsk-attempts-to-bring-defi-to-the-bitcoin-network/ 18. Bitmex news: https://news.bitcoin.com/bitmex-criminal-charges-prison/ well this happened. https://news.bitcoin.com/open-interest-on-bitmex-drops-16-investors-withdraw-37000-btc-in-less-than-24-hours/ https://dailyhodl.com/2020/10/02/bitmex-fires-back-after-us-accuses-crypto-exchange-of-failing-to-prevent-money-fraud/ https://dailyhodl.com/2020/10/03/440000000-in-bitcoin-exits-bitmex-as-crypto-traders-respond-to-cftc-allegations/ 19. Contract to break monero privacy: https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/ 20. https://news.bitcoin.com/stacking-satoshis-leveraging-defi-applications-to-earn-more-bitcoin/ 21. https://dailyhodl.com/2020/10/02/bitcoin-whale-issues-big-warning-to-traders-heres-why-he-believes-group-of-crypto-assets-are-at-risk-from-regulators/ 22. https://news.bitcoin.com/venezuelas-state-run-defi-crypto-exchange-goes-live-after-maduros-anti-blockade-speech/ 23. https://news.bitcoin.com/crypto-exchange-coinbase-hands-over-customer-data-to-uk-tax-authority/ 24. https://news.bitcoin.com/jeff-booth-bitcoin-price-of-tomorrow/
25. https://news.bitcoin.com/eth-volumes-top-125-billion-in-q3-high-risk-dapps-dominate-tron-network/ 
Here is a small cross post for price movement: https://dailyhodl.com/2020/09/30/bitcoin-btc-tezos-xtz-cardano-ada-etoro-crypto-roundup/
Seems like everyone is bullish on bitcoin and leading crypto projects to make big gains over the next year, sooner rather than later. Bitcoin also holds above $10.5K with over 1Million wallets. Bitcoin interest is gaining throughout the world as many parts are hit by economic crisis.
Ethereum 2.0 roadmap updated, plans to exponentially increase scalability! VERY BULLISH. https://dailyhodl.com/2020/10/03/vitalik-buterin-updates-ethereum-2-0-roadmap-details-plans-to-exponentially-increase-scalability/
submitted by IOTAbesomewhere to Gravychain [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

2018 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2018 - Jan 2020 Update - Down -80%
Full blog post with all the tables
**NOTE** - I usually like to release the updates a day apart, but I'll be spacing out the Top Ten 2018, 2019, and 2020 a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical). **END NOTE**
tl;dr - Alt-lead rally in January, but Bitcoin still in comfortable overall lead. NEM still in the basement. Dash crushes competition in January. January 2020 was easily the best start to a year since the experiments began in 2018.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Twenty-Five- Down 80%

After two straight down months to end last year, 2020 started off with a bang. Every 2018 Top Ten crypto finished the month in the green, a rare event for the 2018 Top Ten and something this grouping hasn’t seen since May 2019. The “worst” performing crypto still gained about +25% in January (XRP).

Ranking and January Winners and Losers

Six out of the Ten Top cryptos were on the move this month, most gaining ground. Bitcoin Cash climbed back to 4th place, up one from last month. Cardano and IOTA both advanced three places to #10 and #20 respectively. Dash made a massive leap this month, gaining 10 places from #26 to #16, the largest month to month move for any coin (in any direction) since this experiment began in 2018.
On the other hand, even though they both had great months, Litecoin (+68%) fell one spot and Stellar (+34%) slipped three spots to settle at positions #7 and #14 respectively.
January WinnersDash blew everyone out of the water during the first month of 2020 gaining an astounding +184% and climbing 10 positions in the rankings. Bitcoin Cash and IOTA finished in a virtual tie for second place, both up about +87%.
January LosersXRP under-performed the pack, but still finished January up +24%. And Bitcoin, despite receiving most of the headlines in early 2020, couldn’t keep pace with its altcoin peers “only” gaining +31%.
For those keeping score, here is tally of which coins have the most monthly wins and losses in the first 25 months of the 2018 Top Ten Crypto Index Fund Experiment. Most monthly wins (6): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win and Bitcoin now stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020).

Overall update – Bitcoin still with healthy lead, alts recover a bit, NEM still at the bottom

Down -46% just last month, Bitcoin made up a lot of ground in January 2020 and now is down -29% since the beginning of the experiment in 2018. Litecoin is now safely in second place at -68%, then comes Ethereum in third, down -75%.
NEM remains stuck at the bottom, down -95% despite a strong +48% gain in January. Cardano and IOTA join NEM as the three cryptos that are down over -90% since January 2018.
40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Stellar. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market gained approximately $67B in January 2020, up about +36%. After two months under $200B, the overall market cap is now back over $250B, a level not seen since September 2019. So, yes a good January 2020, but for some perspective: since January 2018, the total market cap is down -55%.

Bitcoin dominance:

As could be inferred by its relative under-performance compared to altcoins this month, Bitcoin dominance dropped to 66% in January 2020. It was near this level a few months ago, in early December 2019.
For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained about $65 in January 2020. If I cashed out today, my $1000 initial investment would return $202, down -80%.
Here’s a look at the entire experiment, month by month:
As you can see, nothing but red. The closest this group has come to breaking even was after the very first month.
The 2019 Top Ten Experiment and the just launched 2020 Top Ten Experiment are both doing much better:
(Yes, this feels like the world’s slowest dollar cost averaging)
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,382.
That’s up about 12.7%.

Implications/Observations:

As always, the experiment’s focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -55% from January 2018, the cryptos that began 2018 in the Top Ten are down -80% over the same period. This of course implies that I would have done a bit better if I’d picked different cryptos.
At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-five months compared to the market overall. There are a few examples, however, of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment and, spoiler alert, the first update of the 2020 Top Ten Crypto Experiment shows that focusing on the Top Ten was a good strategy in January.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +21% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$210 had it been redirected to the S&P.
Taking the same $1,000 per year in January approach with the S&P 500 would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

After whimpering across the 2019 finish line, crypto has begun 2020 with a roar. A rare all green January for the 2018 Top Ten cryptos is hopefully a good sign for the year to come.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

2020 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Jan 2020 Update - Up 55%
Full blog post with all the tables
edit: even if it was possible to alter the title, I don't think I would - enjoying the time travel comments! Apologies for the typo, fighting a bit of jet lag!
tl;dr - 2020 group off to a strong start, up +55% in January, but trail the 2019 Top Ten, which are up +63%. BSV crushes the competition in January. Focusing on the 2020 Top Ten cryptos paid off in January, a rarity for these experiments. Not a reader? This dude made a video of the findings.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Thirteen – UP 55%

If you’re just finding the experiment now, welcome. You have some catching up to do. Let me explain. No, there is too much. Let me sum up.
On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. I then extended the 2018 experiment repeated the process with the new 2019 Top Ten group of cryptos. How is it going?
After two years the 2018 Top Ten were down -86%.
After one year the 2019 Top Ten broke just about even (up +2%).
I decided to keep things going in 2020, so I repeated the experiment yet again. The round three coins are:
Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, and Tezos are the coins I’ll be tracking as part of the 2020 Top Ten Crypto Index Fund Experiment.
Let’s get into it. Here’s the 2020 Top Ten Crypto Experiment update for January.

Month One – UP 55%

Well there’s something you don’t see everyday. Or at least I don’t after twenty five months of running these experiments: an all green month. Great start for the 2020 batch and by far the strongest January since the Top Ten experiments started in 2018.

Ranking and January Winners and Losers

Except for the top three (BTC, ETH, and XRP), there was a ton of movement in January, most of it downward. Tezos crashed hard, down from #10 to #15 and becomes the first to drop out of the Top Ten. Tether dropped two places, always a good sign for the rest of the group. BSV gained the most ground advancing four spots in the rankings.
January WinnersBSV dominated the field finishing January up +181%. Bitcoin Cash finished a distant second place gaining +78%.
January LosersTether, which is always great news for the rest of the pack. XRP finished in second place “only” up +25%.
For those keeping score, I keep a tally of which coins have the most monthly wins and losses:

Overall update – BSV takes strong early lead. Tether is the worst performer.

It was hard for the rest of the cryptos to keep up with BSV this month, up +181% in January. That’s more than double what second place Bitcoin Cash gained this month. BSV is already worth $280.
Tether started 2020 in the basement as the rest of the field gained at least +25%.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gained over $67B in January 2020, up +36% since New Year’s Day.

Bitcoin dominance:

Bitcoin dominance dipped a few percentage points to 66% during the first month of 2020, a sign of increasing interest in altcoins.

Overall return on investment since January 1st, 2020:

The 2020 Top Ten Portfolio gained about $549 in January 2020. After an initial $1000 investment, the 2020 Top Ten Portfolio is worth $1,549. That’s up about +55%.
There’s not much here at the moment, but we’ll be looking at the entire experiment, month by month in an attempt to keep some perspective:
How does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,382.
That’s up about 12.7%.

Implications/Observations:

The crypto market as a whole is up about +36% in January compared to the 2020 Top Ten cryptos which have gained +55%. Sticking with the Top Ten coins beat the overall market in January.
Although there are a few examples of this strategy working with the 2019 Top Ten, it’s interesting to note that this hasn’t yet happened with the 2018 group as at no point in the first twenty-five months of the Top Ten 2018 Experiment has the approach of focusing on only the Top Ten cryptos outperformed the overall market.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 was flat in January.
The initial $1k investment I put into crypto would now be worth $1000 had it been redirected to the S&P 500.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

A nice start to the year for the 2020 Top Ten and the best January since I started updates in 2018. It’s also a nice to be modestly up on the combined 2018, 2019, and 2020 portfolios for a change.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

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