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COMPLETE BULL THESIS: AMC, GME, & PRECIOUS METALS: EVERYTHING YOU NEED TO KNOW!
Bull Thesis on AMC & GME & Precious Metals: By: The Butcher of Wall Street, Marcel Kalinovic Author's Note: This began as an investigation into the correlations from 2008, 2011, 2013 and 2021 stock market crashed and debt ceiling issues. It turned into my biggest nightmare and there's no good outcome for most people. Buy calls on my therapist... $145 strike... AMC Primary Bull Thesis: Risks of bankruptcy or losing revenue & income to streaming services are extremely-slim to none, and purposely over-blown by short hedge-funds, their media conglomerates, and institutions with short-interest that is inescapable due to the vast number of naked shorts sold not yet purchased, and synthetic shares created & rehypothecated, amongst many other factors; AMC recommended viewing #1: Thomas Peterffy CEO of Interactive Brokers (IBKR): “Markets Were 'Frighteningly Close' to Collapse Amid GameStop Turmoil” https://www.youtube.com/watch?v=Yq4jdShG_PU In regards to Congressional-hearings regarding January 28, 2021, the date AMC & Gamestop were forced into “Position Close-Only” PCO by most major broker-dealers like Robinhood, Webull, IBKR, etc. (When they pulled the “buy button”). Thomas Peterffy CEO of Interactive Brokers (IBKR): “So if the longs had known (retail) that they had the right to ask for those shares (exercise), and they REALLY wanted the short squeeze, that’s what they would have done.” Known facts on GME: Leading to January 28, 2021, Melvin Capital DIRECTLY SHORTED #GME, opposed to shorting ETF’s, Depositary Receipts, Indices, or via Futures, ISDA contracts, Swaps, Married Puts/Calls, Divorced Puts/Calls, etc., there are many ways... This caused 140%+ short-interest to be visible to the naked-eye on exchanges as Melvin forgot/carelessly failed to hide their short-positions. 50 Million registered GME shares available. 75 Million shares were sold short (that needed to be purchased). 150 Million additional shares short via call-options (if retail had exercised call-contracts) If long-calls had been exercised, shorts would have had to deliver 270 million shares while only 50 million shares existed on #GME alone. Facts on AMC & GME: The long-broker-dealer would have had to buy the shares on the market at ANY PRICE pushing the price of GME into the thousands & AMC’s price into the hundreds (due to the variances in the prices at which they were trading prior to the beginning of the January squeeze). Shorts wouldn’t be able to afford to pay so shorts would’ve defaulted on the broker-dealers that lent them the shares, the broker-dealers default on the clearing house (like OCC, DTC), leading to an inevitable collapse of many financial companies. As of Sept 1 2022, ISDA Phase 6 initial margin requirements were greatly increased to protect the DTC & OCC from default & CAT system was more fully implemented. As of Sept 8 2022, to protect itself from default the Options Clearing Corporation has removed the maximum cap from pension funds that can be used to backstop their default, and removed regulation that required the OCC to have to file advanced-notice with the SEC or regulatory bodies when they need to tap more pension funds and can do so at any time. AMC Growth & Business Development: Vastly increasing revenues and EBITDA (earnings) potential is incredibly high, much more so than most people can actually imagine due to their growing status as a leader in movie-theater experiences, retail sales, and precious metals markets. Paid off debt & refinanced debt for better interest rates, saving millions, removing covenants. AMC Theatres remains the #1 movie-theater company in the world. Growing liquidity & diversification. Available liquidity (CASH ON-HAND) June 30, 2022 was $1,176,300,000. Total revenues grew to $1,166,400,000 compared to $444,700,000 for the 2nd quarter of 2021. Adjusted EBITDA improved by $257.5 million to a POSITIVE $106.7 million, compared to a loss of $150.8 million for the 2nd quarter of 2021. In the 2nd quarter of 2022, AMC had attendance of 59 million people at AMC Theaters globally, up 168% from the 22 million attendees in the same quarter of 2021. AMC owns their popcorn farms, has an established supply chain, and can distribute their products directly to retail-store shelves. AMC has issued NFT’s and NFT movie-deals that have inspired more technologically-inclined attendees & shareholders. Fewer films are being shown but more money is being made per film; averaging $15 million per movie thus far in 2022, a number not seen since 2010. 2010 was the year of Avatar, and Avatar 2 release is slated for December 16, 2022. Disney is offering exclusive showings/partnership with AMC Theaters. Warner Bros. has partnered with AMC Theaters to show movies exclusively in-theaters for 45 days during 2022. Retail investors own 85% of the entire 516 Million share float. AMC issued a dividend under the ticker #APE, which means AMC Preferred Equity Stock. These Preferred Shares have voting rights, and are hard-to-borrow & short. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://s25.q4cdn.com/472643608/files/doc_financials/2022/q2/FINAL-Q2-2022-Earnings-Release-Draft-20220804-0920-v.F-Clean.pdf AMC vs APE? Why Not Both? #AMC issued a dividend in the form of stock called #APE: The total price of #AMC is now displayed as #AMC1, a derivative basket which combines the price of #AMC & #APE shares. Many broker-dealers including IBKR do not allow retail investors to buy AMC1, they’re only allowed to sell or EXERCISE the long-calls issued on the #APE August 22, 2022 ex-dividend date. I have #AMC1 in my IBKR account only because it was issued to me when the #APE dividend was distributed, otherwise I’m unable to buy more on IBKR. #AMC1 is now POSITION-CLOSE-ONLY on many broker-dealers and NO-ONE is talking about it! #AMC1 call-contracts entitles the holder of the long-call to exercise and receive 200 total shares, even during a short-squeeze: 100 shares of #AMC 100 shares of #APE Brokers are making #AMC1 difficult to find in the #AMC options-chain under drop-down menus. Schwab has a drop-down menu at the top of the page (no prompt or button). Fidelity has a drop-down menu listed as “Adjusted”. IBKR has AMC1 available as a ticker, but Position-Close-Only status. #APE will not be delisted unless it falls under $1 for several weeks. CEO Adam Aron can convert #APE into #AMC1 to prevent delisting, and that would cause shorts to close their positions by BUYING shares of #APE to deliver to the broker as a forced share-recall would occur. T + 90 Day Liquidation of shorts by the brokers would automatically liquidate shorts & force-close their positions at ANY-COST. Thomas Peterffy CEO of Interactive Brokers (IBKR) re: Jan 28, 2021, “I was scared of a domino-bankruptcy. I tell you the rules require the long-brokers to go into the market and buy the shares at WHATEVER PRICE. So that drove the shares up to $480, and then suddenly, I guess... Uh, It didn’t go further… but it could’ve gone further.” Is it illegal to sell shares short or create synthetic shares? No. https://www.sec.gov/investor/pubs/regsho.htm IV. Answers to Frequently-Asked Questions from Investors 1. Is all “naked” short selling abusive or illegal? When considering “naked” short selling, it is important to know which activity is the focus of discussion. Selling stock short without having located stock for delivery at settlement. This activity would violate Regulation SHO, except for short sales by market makers engaged in bona fide market making activities. Market makers engaged in bona fide market making activities do not have to locate stock before selling short, because they need to be able to provide liquidity. Generally, to be eligible for the bona fide market making exception to the locate requirement, a broker dealer must hold itself out as being willing to buy and sell the security by providing and being at risk for widely available two-sided quotations at or near the market on the trading venue where it effects transactions for which it asserts the exception. Market makers are not excepted, however, from Regulation SHO’s close-out and pre-borrow requirements. Selling stock short and failing to deliver shares at the time of settlement. Rule 204 requires firms that clear and settle trades to deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the settlement day following the settlement date for short sale fails, or no later than at the beginning of trading hours on the third settlement day following the settlement date for long sale fails, and fails attributable to bona fide market making (“close out date”). If a firm that clears and settles trades has a failure to deliver that is not closed out by the beginning of regular trading hours on the applicable close-out date, the firm has violated Rule 204 and the firm, and any broker-dealer from which it receives trades for clearance and settlement, is subject to the pre-borrow requirement for that security. Selling stock short without having located stock for delivery at settlement and failing to deliver shares at the time of settlement. This activity may violate Regulation SHO’s locate and close-out requirements, as explained above. In addition, in fall 2008 the Commission adopted Rule 10b‑21, referred to as the “naked” short selling anti fraud rule. Those who deceive about their intention or ability to deliver securities in time for settlement are committing fraud, in violation of Rule 10b-21, when they fail to deliver securities by the settlement date. Selling stock short and failing to deliver shares at the time of settlement with the purpose of driving down the security’s price. This manipulative activity, in general, would violate various securities laws, including Rule 10b-5 under the Exchange Act. Hycroft Mining Corp Primary Bull Thesis Risks of bankruptcy or losing revenue & income to digging & extraction costs are extremely-slim to none, and purposely over-blown by short hedge-funds, their media conglomerates, and institutions with short-interest that is inescapable due to the vast number of naked shorts sold not yet purchased, and synthetic shares created & rehypothecated, amongst many other factors; HYMC/AMC/PM recommended viewing #2: Interview w/ Hycroft CEO Dr. Diane Garrett on #HYMC #AMC #SILVER #GOLD Breaking news regarding new online store for the sale of precious metals, NFT’s, and more: https://preview.redd.it/f6q6xsdrkqp91.jpg?width=1280&format=pjpg&auto=webp&s=c17fc1486956b37fb41ddc77d3c60e728e5f213a Link: https://youtu.be/PChYGBq6Kh0 AMC Theaters currently owns ~25% of #HYMC Hycroft Mining Corporation, making AMC & HYMC nearly bullet-proof to total-loss or bankruptcy as they have 25% ownership interest of all equipment, land, gold, silver, minerals, & assets of HYMC both above and below-ground. On Aug 04, 2022 # HYMC reported Q2 2022 revenue of $3.83 million up 89.36% year over year. In the same quarter last year, Hycroft Mining Holding's revenue was $36.00 million. On Aug 04, 2022, Hycroft Mining Holding (NASDAQ: HYMC) reported Q2 2022 earnings per share (EPS) of -$0.05, up 64.29% year over year. An impending precious metals squeeze leads #AMC Theaters and #HYMC to near invincibility as far as protection from bankruptcy due to the vast amount of tangible-assets in their possession both above and below-ground. #HYMC recently completed drilling exploration yielded a much higher-quality and a more vast amount of SILVER & GOLD veins in their NV mine than ever expected. New #HYMC website will provide an outlet to sell their Silver, Gold, NFT’s and other products directly to consumers increasing EBITDA further. Eric Sprott of #PSLV is directly invested in #HYMC #HYMC can tap #AMC and Eric Sprott for additional capital leading to greatly reduced overall risk as new excavation opportunities arise within their continuing exploration. Only a single-digit % of the #HYMC land has been explored, the remaining 90% + still needs to be searched for PM. Precious Metals Primary Bull Thesis: Precious Metals are being purchased by governments & central banks meanwhile they are massively shorting via derivatives contracts so they can continue to buy at the currently low prices before allowing the price on these PM’s to squeeze once the Central Bank Digital Coin (CBDC) is implemented as the CBDC’s will be tied to precious metals such as gold, silver, palladium etc. JP Morgan has $248 Billion, 496 million in notional PM derivative contracts Goldman has $18 Billion, 558 million in notional PM derivative contracts Citibank has $119 Billion, 877 million in notional PM derivative contracts In April 2021, Ted Butler of Bank of America noted they had increased the notional amount of their derivative contracts in precious metals to $8.3 Billion. As of the latest OCC report 2nd Qtr of 2022, BofA’s positions have grown to $39 Billion 79 Million. https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/q2-2022-derivatives-quarterly.html During the 2nd Qtr of 2022, 4 large commercial banks represented 88.9% of the total banking industry notional amounts and 66.0% of industry net current credit exposure (NCCE) out of the 1,258 insured US Financial Holding Companies in the market. Top 4 banks Notional Amounts of Derivative Contracts VS the other 1,254 Banks Top 4 banks Notional Amounts of Derivative Contracts Liabilities = $173 Trillion, 263 Billion, 420 Million Assets = $8 Trillion, 43 Billion, 60 Million Overleveraged banks & holding companies will have to close short-positions on silver & gold and will be forced to allow them to squeeze when the CBDC’s are implemented. Thomas Peterffy CEO of Interactive Brokers (IBKR): “I don’t know the short-interest daily so I don’t know what or when to increase the margin amount by… Some brokers may not know how to deal with this, which is why I think that the SEC should require all shorts to be reported daily.” “I would like to ask the SEC why they didn’t act on the morning of January 28, 2021, because, I, I, I was so scared I can’t tell you how scared I was…” https://preview.redd.it/l8jw3ls6mqp91.png?width=1440&format=png&auto=webp&s=15cd689b40dbe5b392be8bbed5568819d0ada5cd Shorts only have to report short-interest 2 X per month Forcing daily short-interest reporting would fix the hole in the financial system that currently allows short hedge-funds to manipulate VISIBLE SHORT-INTEREST via Continuous Net Settlement, Depositary Receipts, ISDA contracts, Swaps, Futures, Married & Divorced Puts/Calls, Rehypothecation, Synthetic share creation, Naked short selling, Failing to Deliver, Wash-Sales, Shorts marked as "Long", etc, etc, fucking etc... Continuous Net Settlement (CNS) Continuous Net Settlement (CNS) is the primary clearing mechanism for the New York Stock Exchange (NYSE), American Stock Exchange (AMEX), National Association of Securities Dealers (NASD), and other marketplaces. The National Securities Clearing Corporation (NSCC) operates CNS, which is the securities industry's largest trade clearance and settlement system. How the Product Works For each security, CNS nets down to one net buy and/or sell on all trades expected to settle on the next settlement day, including trades unable to settle on the previous settlement day. After the trades are netted, free book-entry movements at DTC to or from Omnibus Account 888 allow NSCC participants to deliver short covers to NSCC and receive long allocations. After the trades are netted, free book-entry movements at DTC to or from Omnibus account 888 allow NSCC participants to: Deliver short covers to NSCC (for those participants obligated to deliver securities) • Receive long allocations from NSCC (for those participants entitled to receive securities). To process transactions smoothly between DTC's system and the CNS system, DTC and NSCC have put in place certain collateralization arrangements and financial guarantees to ensure that: • Debits created in DTC's system continue to be collateralized when the securities serving as collateral are delivered as CNS short covers, and Long allocations, or approximate values of long allocations, are made available to NSCC to cover certain exposures Short Covers When short covers are delivered from your DTC account, NSCC guarantees that: The value of securities received versus payment that are used for CNS short covers will be equal to the prior day's closing price, and The value of securities not received versus payment that are used for CNS short covers will be equal to the prior day's closing price less an applicable haircut. In either case, your Collateral Monitor is increased by the amount guaranteed by NSCC. Without these guarantees, deliveries to CNS may not be permitted under DTC's collateralization rules because DTC would have neither the securities nor the collateral in the event of a failure to settle. Note- The NSCC settlement credit generated from short covers cannot be used to offset your DTC settlement balance intraday. DTC and NSCC legal entity balances will be cross-endorsed before final net settlement figures are published. The short cover guaranty does not apply to ACATS transactions because there are no funds settlement obligations related to ACATS transfers. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.dtcc.com/-/media/Files/Downloads/legal/service-guides/Settlement.pdf This proves the ISDA PHASE 6 implementation is negatively affecting short hedge-funds and MM that could potentially be manipulating and hiding short-interest and failures to deliver Consolidated Audit Trail (CAT) System implementation by the SEC was supposed to be in July 2022, but the SEC pushed back implementation of some SRO reporting obligations until July 2024. ISDA: International Swaps and Derivatives Association ISDA is a trade organization of participants in the market for over-the-counter derivatives. SEC master agreement document ISDA 2002 Master Agreement An ISDA Master Agreement is the standard document regularly used to govern over-the-counter derivatives transactions. Flex Options Flexible exchange options, or FLEX options, are nonstandard options that allow both the writer and purchaser to negotiate various terms. Terms that are negotiable include the exercise style, strike price, and expiration date, as well as other features and benefits. These options also give investors the opportunity to trade on a larger scale with expanded or eliminated position limits. FLEX options are a specialized kind of option offering extreme negotiable flexibility. These options do not have regular quote streams. NAME YOUR PRICE! https://preview.redd.it/cifawqqhlqp91.png?width=1426&format=png&auto=webp&s=cf11b26b295287f111c0dc27fa4a5f34fb3c10cf Married Puts A married put is also considered a synthetic long call since it has the same profit profile. The strategy is similar to buying a regular call option (without the underlying stock) because the same dynamic is true for both: limited loss, unlimited potential for profit. The difference between these strategies is simply how much less capital is required in simply buying a long call. Married Put Definition – Options & Derivatives Trading Synthetic Puts A synthetic put is an options strategy that combines a short stock position with a long call option on that same stock to mimic a long put option. It’s also called a synthetic long put. Essentially, an investor who has a short position in a stock purchases an at-the-money call option on that same stock. This action is taken to protect against appreciation in the stock’s price. A synthetic put is also known as a married call or protective call. A reverse conversion A form of arbitrage that enables options traders to profit from an overpriced put option no matter what the underlying does. The trade consists of selling a put and buying a call to create a synthetic long position while shorting the underlying stock. Reverse Conversion Definition. As stated above, OTC Flex Options aren’t sent to CBOE, they instead go straight to ISDA and never gets to any exchange. Flex options have no position limit so they can have massive numbers of contracts at any time and can are used in combination with all of the methods mentioned above to hide short-interest, and delay & suppress Failures to Deliver. By not fulfilling their FTD’s the price is suppressed even further. What Is Wash Trading & How Profitable Is It? Wash trading is an illegal type of trading in which a broker and trader collude to make profits by feeding misleading information to the market. High-frequency trading firms and cryptocurrency exchanges use wash trading to manipulate prices. Wash trading returned to the headlines in 2013, right as the phenomenon of high frequency trading was becoming widespread. High frequency trading is the practice of using super fast computers and high-speed Internet connections to perform upwards of tens of thousands of trades per second. Wash trades are essentially trades that cancel each other out and have no commercial value, as such. But they are used in a variety of trading situations. For example, wash trades were used in the LIBOR scandal to pay off brokers who manipulated the LIBOR submission panels for the Japanese Yen. According to charges filed by the UK financial authorities, UBS traders conducted nine wash trades with a brokerage firm to generate 170,000 pounds in fees as reward for the firm for its role in manipulating LIBOR rates. Wash trades can also be used to generate fake volumes for a stock and pump its price. Suppose a trader XYZ and brokerage firm collude to buy and sell stock ABC rapidly. Noticing activity on the stock, other traders may put money into ABC to profit from its price movements. XYZ then shorts the stock, thereby profiting from its downward price movement. https://www.investopedia.com/terms/w/washtrading.asp UBS traders conducted nine wash trades with a brokerage firm to generate 170,000 pounds in profit. In 2014 Citadel Securities, was fined $115,000 for committing 502,243 wash sale violations using it’s computer algorithms. Nov 13, 2020 6.5 Million equity shorts were marked as long. Shorts Marked as Long… Cooking the Books July 16, 2020 $700,000 fine for not giving the best prices than for it’s own account. Feb 28, 2020 $10,000 fine for Naked Shorting. https://preview.redd.it/rnq93xxjlqp91.jpg?width=559&format=pjpg&auto=webp&s=d9c96a2027673872737d952c72e23b99aed7291f Primary Bull Thesis for Gamestop #GME Risks of bankruptcy or losing revenue & income to streaming services are extremely-slim to none, and purposely over-blown by short hedge-funds, their media conglomerates, and institutions with short-interest that is inescapable due to the vast number of naked shorts sold not yet purchased, and synthetic shares created & rehypothecated, amongst many other factors; Q2 2022 Ended the period with cash and cash equivalents of $908.9 million as well as no debt other than a low-interest, unsecured term loan associated with the French government’s response to COVID-19. Inventory was $734.8 million at the close of the quarter, compared to $596.4 million at the close of the prior year’s second quarter, reflecting the Company’s focus on maintaining adequate in-stock levels to meet customer demand and offset lingering supply chain headwinds. Sales attributable to collectibles, which is a segment the Company intends to grow over the long-term, were $223.2 million for the quarter, compared to $177.2 million in the prior year’s second quarter. Followed the launch of the Company's digital wallet by launching the Company's non-fungible token ("NFT") marketplace to allow gamers, creators, collectors and others to buy, sell and trade NFTs. Modernized and strengthened the Company’s systems. GME stock-split dividend mismanagement could provide CEO Ryan Cohen the ability to force removal of Gamestop stock from the DTC to be traded on another exchange. https://preview.redd.it/c5yaj5wtlqp91.jpg?width=872&format=pjpg&auto=webp&s=1fe21b250435aa7da078d845d6c74129bb9be685 #APE: The AMC Preferred Equity APE is a preferred equity and supposed to settle in T+0 days, but data shows it has been settling in T+2 days. Failures to Deliver on the 1st day of reporting was on August 24, 2022, which was 2 days after the ex-dividend date of August 22, 2022 On that 1st reporting date of August 24 2022, there were over 43,438,257 FTD’s Many #AMC investors didn’t receive their shares of #APE for several days and even weeks as market makers & shorts had to wait & try to convince retail to sell their shares of #APE in order to fulfill orders to other broker-dealers and in turn their retail investor. The methods listed above for hiding short-interest and FTD’s are the same methods used to suppress the Failures to Deliver on #APE, ISDA contracts and CNS program, et al. #AMC1 (the long-calls holding 100 #APE & 100 #AMC shares underlying) will cause FTD’s to spike around the T+35 day settlement rules. #APE was not technically an IPO, but as dividend it did “IPO” on the ex-dividend date, and therefor “syndicates” were created and would still need to deliver by the ex-dividend disbursement date rule of T+90 days from August 22, 2022. T + 90 Day liquidation by lending brokers to the shorts may occur if #APE hasn’t been delivered by that date ~ November 23, 2022. The shorts that needed to provide the dividend in this case are the “syndicate”. Defaulting on the delivery of #APE would result in asset liquidation & automated closing of positions. FINRA Rule # 11880 section (b): Final settlement of syndicate accounts shall be effected by the syndicate manager within 90 days following the syndicate settlement date. Notable T+90 Day liquidations as the syndicates failed-to-deliver in the past are as follows; Tesla squeezed to $2,000 per share 90 days after their share dividend. Newegg squeezed to $77 per share, 90 days after their merger. Overstock had a crypto dividend distribution date of May 24, 2020, and 90 days later around August 20, 2020 hit its all-time high of $122.32. During stock market crash situations, heavily shorted stocks that are not owned in-majority by institutions and market makers tend to squeeze violently. 2008 Stock Market lows were created on September 28, 2008. Volkswagen hit ALL-TIME HIGH on October 29, 2008. Thomas Peterffy CEO of Interactive Brokers (IBKR): “I was scared of a domino-bankruptcy. I tell you the rules require the long-brokers to go into the market and buy the shares at WHATEVER PRICE. So that drove the shares up to $480, and then suddenly, I guess…. Uh, It didn’t go further… but it could’ve gone further.” TLDR: Marcel Kalinovic CEO of Lit Xchange (LITX): ”We’re gonna be so fucking RICH!!” -- For a full video breakdown of the above text you can find it with further detailed explanations here: https://youtu.be/pThMCxJjHmo?t=329 ---- Credit & references: https://www.finra.org/rules-guidance/rulebooks/finra-rules/11880 https://www.finra.org/rules-guidance/rulebooks/finra-rules/4314 https://www.nasdaq.com/glossary/s/selling-syndicate https://www.apes.army/high-stakes-room-amc-dd-randall-cornett-amc-biggums/ https://www.tradingview.com/chart/OSTK/otnWvy88-Overstock-Timeline-of-events-that-lead-to-the-short-squeeze/ https://www.thestreet.com/memestocks/amc/ape-and-amc-stock-failures-to-deliver-keep-adding-up https://www.ig.com/en/trading-strategies/what-were-the-biggest-short-squeezes-in-history--210507#gamestop https://www.investopedia.com/terms/w/washtrading.asp Keith Gill Roaring Kitty Youtube: https://youtu.be/GZTr1-Gp74U Randall Cornett Youtube: www.youtube.com/RandallCornett Randall Cornett Twitter: https://twitter.com/RandallCornett AMC Biggums Youtube: AMCBIGGUMS AMC Biggums Twitter: AMCbiggums (@ACbiggums) Houston Wade Youtube: https://youtu.be/hdbe8zxvYtc - Collaboration between Houston Wade & Marcel Kalinovic Houston Wade Twitter: https://twitter.com/Housturd submitted by /u/bossblunts to r/amcstock [link] [comments]
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r/amcstock |
bossblunts |
Sep 24, 2022 |
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Here's an obnoxiously long list of websites and resources you may not have seen before.
When my powers of ADHD and Vyvanse combine I become.... Captain Bookmark. Wanted to post these two review sites up top. A lot of the websites listed in this post have been reviewed by Day Trader Review and Trading Review I have a lot to work through so I'm going to edit through this list over time. Feel free to check back in. Disclaimer: I don't regularly visit all these and haven't tried all the paid services. These are just things I've come across and thought would be useful. I used affiliate links for a few and have denoted them with an (A). NME "not much experience" in using the site/app personally. $ - means at least one of the offered subscription plans is $15 or less per month. My most visited: My Broker and referal if you'd like to sign up (up to $200 in stock when opening a new account at the moment): TastyWorks Webull Get up to 100 free fractional shares when you sign up Most of these have a number of utilities including screeners, TA, and FA. I use these daily. Simply Wall St - Free version, $ subscription, and free trial. "Unique, exhaustive analysis on every listed stock worldwide at your fingertips. Save countless hours trawling through reports and remove emotion from your decisions." Wall Street Zen - Free "We use intuitive data visualizations and automated stock analysis to help you understand a stock's fundamentals within minutes, even if you don't have a finance background." DOCOH - Free, Free Trial, Subscription. Great all-in-one overview site. Wallmine - (A) Free and subscriptions. An all in one overview site. Koyfin - Free. An all-in-one overview site. Chart Mill - (A) Freemium (free trial followed by monthly stipend of credits to use on various stocks. You can buy more credits, get a subscription, or wait a month.) I love the TA and set-up rating. Stock Target Advisor - Free, Free Trial, $ Subscriptions. Fundamental Analysis and price target history. Tip Ranks - Free (pretty limited), free trial, subscriptions. I mostly use it for a quick comparison of price targets listed on other sites. Swing Trade Bot - Free, Free Trial, $ Subscriptions. Great TA Whale Wisdom - Free, $ Subscriptions. See where the whales are putting their money. Finbox (A) - Free, $1 Trial, $ Subscriptions. Another all-in-one overview site Hype Equity - Free. Redditor made. Measures social media sentiment and some TA. Optionistics - Free. Options calculators and stock screener. Stock Invest - (A) Free, Free Trial (Requires CC), Subscriptions. An all-in-one site that I mostly use for TA and their rankings. May be a good option for Non-US based traders. Stock Rover - Free, Free Trial, Subscriptions. All-in-one overview. Quickly displays growth rates. Free (Mostly) Screeners & Tools Quiver Quant - Free. Awesome resource for seeing market activity of government officials, consumer interest, ownership, corporate flights and more. Ino - Free, $1 Trial, Subscription - NME Bar Chart - Free, Free Trial (CC required), Subscriptions. It's a chart and it's got bars on it! FinViz - Free, Subscription. I'm sure most of you have used or at least heard of Fin Viz. This is a link to their screener set up for unusual volume. Macro Trends - Free. Historical trends and screeners for the long term investors among us. Unbias Stock - Free. Social Media sentiment scanner. Redditor made. Zack's Sceener - Free, Subscriptions. Zacks is a well known site with a lot of information. Short Squeeze - Free, Subscriptions. Information on shorted stocks. NME Stonk Whispers - Free. Scans for stock mentions on Reddit. ETF - Free. Research and learn about ETFs. NME Earnings Whispers - Free. Earnings calendar and estimated results. Trading View - (A) Free, free trial, $ subscriptions. Nice charts and lots of utilities. Tiingo - Free, $ Subscriptions. All-in-one overview and tracking site. NME Atom Finance - $1 Trial, Subscriptions. NME. Alpaca Data API - Free. Real-time stock market data API. NME Market Stack - Free, Subscriptions. EOD Data API (free) and real-time stock data API (sub). NME Ninja Trader - Free, Subscription. Real-time stock data API. NME Lazy FA - Free, $ Subscription. Fundamental Analysis for the lazy. Intellicharts - Free, Subscription. Downloadable software with paid sub for stock forecasting. NME Swaggy Stocks - Free. Redditor made resource with some fun utilities. Particularly the Theta Gang page. Stock Comps - Free. Compare how investments would have performed against each other. FD Scanner - Free, Subscriptions. If it wasn't clear from the name it's Redditor made. Scans for undervalued/overvalued options. Norn Stock Screener - Free. NME Unusual Whales - (A) Free, Subscriptions. Name is fairly self explanatory. NME but I believe it's Redditor made. May be mistaken. MarketBeat IPO lock up calendar - Free MarketBeat Upcoming Stock Splits - Free Track Tak - Free. Automated Discounted Cash Flow calculator. Based on Aswath Damoradan's (NYU Finance professor) models. Requires some manual input. NME Paper Trading Trending Analysis Scrapers - Free Google Sheet. Ziggma - Free. All in one portfolio tool. Personal Capital - Free (I think?). It's like Mint but with some investing elements. NME J Stock - Free. Open source portfolio management software. Portfolio Visualizer - Free, Subscriptions. See how your portfolio performance, create custom portfolios, run simulations. Pro Real Time - Free, Subscriptions. Stock, futures, forex software screener. You can link your broker (or use them as broker??) and trade in the software. Based in Europe. NME. Stock Fetcher - Free(?), $ Subscriptions. Stock scanner. NME. Paid Tools Options Samurai - 2 week free trial, Subscriptions. A variety of Options scanners. I just finished my 2 week trial and enjoyed my time. I'd like to find a more affordable/free alternative. FINLO - 1 week free trial. Redditor made. Overview, fundamentals, sentiment tracker. Quant Share - Week free trial, Subscriptions. Stock simulator software. NME Scanz - (A) Week free trial, Subscriptions. A variety of real time scanners and screeners. I liked their breakout scanner and news feed during my trial period. Past Stat - Week free trial, Subscriptions. Stock screener with trading odds. NME. Trader Sync - Week free trial, Subscriptions. Trading Journal software. NME TC2000 - $ Subscriptions. Charting and screening software. Can link your broker and trade through the program. NME CC Required for trial Market Chameleon - Week free Trial, Subscriptions. Real time Scanner/Screener. NME My Wallst - Very limited free version, $ Subscriptions. Investment tools, education, stock picks. NME Trend Spider - Subscriptions. Technical Analysis software. NME https://www.gorillatrades.com/home https://www.vectorvest.com/products/ https://pro.benzinga.com/ https://www.mometic.com/ https://stockcharts.com/ News and Info https://seekingalpha.com/ https://finance.yahoo.com/portfolios/ https://www.google.com/finance http://finra-markets.morningstar.com/MarketData/Default.jsp https://www.philstockworld.com/ https://www.marketwatch.com/ http://aswathdamodaran.blogspot.com/ https://www.stocktitan.net/news/fda-approvals.html https://humbledollar.com/blog/ https://www.analystratings.com/articles/category/top-market-news/ https://mule.substack.com/ https://blog.jonasneubert.com/ https://www.theartofsimpletrading.com/ http://thepatternsite.com/ https://nftrh.com/ https://vantagepointtrading.com/ https://abnormalreturns.com/ https://www.terrystips.com/blog/ https://financhill.com/most-heavily-shorted-stocks-today https://www.stocktrak.com/ https://spactrack.net/activespacs/ https://stockmarketmba.com/pendingspacmergers.php https://ark-funds.com/investor-resources https://www.electronicdesign.com/ https://s3.amazonaws.com/content.stockpr.com/ldmicro/files/pages/ldmicro/db/260/description/LD+Micro+Index+Feb+2021.pdf https://www.breakthroughenergy.org/investing-in-innovation/bev-portfolio https://www.semiconductors.org/wp-content/uploads/2020/12/Automotive-Semiconductor-Trends-and-Outlook_Richard-Robinson.pdf https://beta.optionalpha.com/handbook http://smbcap.com/careers/ https://optionstradingiq.com/ https://www.technicalanalysisofstocks.in/daytrading.html https://old.reddit.com/r/options/comments/8qfs14/options_book_list_review_of_all_books_that_helped/ https://www.optionsplaybook.com/options-introduction/ Spreadsheets & DIY https://old.reddit.com/r/stocks/comments/cpu1j7/ive_recently_got_into_stocks_and_created_a/ https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM_IUpPrduHtKz_JiS8JUUA/edit#gid=1116024769 by /u/oldworlds http://pages.stern.nyu.edu/%7Eadamodar/New_Home_Page/spreadsh.htm#valinputs https://www.oldschoolvalue.com/investment-tools/stock-tracking-spreadsheet/ https://gist.github.com/uknj/266467926bb6bbf3dbb2c6e57d1c19d3 https://timeline.knightlab.com/ https://rawgraphs.io/ https://www.thebrain.com/ https://github.com/StockSharp/StockSharp https://portfoliodb.co/ https://www.graphvega.com/ https://medium.com/the-innovation/basic-interactive-stock-analysis-template-286f06973a86 https://app.safetyculture.com/template-editor/template_f7824be3135347bb9bd8f056f1613680?step=build&holisticOnboarding=true http://storyline.knightlab.com/ https://github.com/fmilthaler/FinQuant https://github.com/brandonhenry/TradeWithMe submitted by /u/Quasimurder to r/FluentInFinance [link] [comments]
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r/FluentInFinance |
Quasimurder |
Mar 19, 2021 |
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Your Guide to Monero, and Why It Has Great Potential
/////Your Guide to Monero, and Why It Has Great Potential///// Marketing. It's a dirty word for most members of the Monero community. It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers. This is what makes this an unusual post from a member of the Monero community. This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential. Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome. I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so. ///Upcoming Developments/// Bulletproofs - A Reduction in Transaction Sizes and Fees Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested. Multisig Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero. Kovri Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy. Mobile Wallets There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon. Hardware Wallets Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here. TAILS Operating System Integration Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users. In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow. Mandatory Hardforks Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information. Dynamic fees Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees! Tail Emission and Inflation There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore. Monero Research Lab Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here. ///Monero's Technology - Rising Above The Rest/// Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero". Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!. Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself. I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted: " And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …" Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention: " Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology." Monero provides Fungibility and Privacy in a Cashless World As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity. A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful: "Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment." This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain. The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes. Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell: "A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain" For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website. Monero's Humble Origins Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)." The Organic Growth of the Monero Community The Monero community over at r/monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to r/xmrtrader, and all memes at r/moonero. Forum Funding System While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work. Monero For Goods, Services, and Market Places There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier! Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero. Linux, Veracrypt, and a whole array of VPNs now accept Monero. There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented. In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero. Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others. For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com. With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet. Coinhive Browser-Based Mining Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far. Skepticism Sunday The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on. ///Speculation/// Major Investors And Crypto Figureheads Are Interested Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments. There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin. Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted: All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment. John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin. Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero. Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating: "Monero is a really good one. Monero is an incredible currency, it's completely private." There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in. The Bitcoin Flaw A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins. CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero. CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range. Monero Has a Relatively Small Marketcap Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit. Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin. For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin. Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money. Technical Analysis There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today. Coinbase Rumours Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMR/fiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMR/fiat trading. Monero Is Not an ICO Scam It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases. Monero is a Working Currency, Today Monero is a working currency, here today. The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc. Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin. Monero is the only coin with all the necessary properties to be called true money. Monero is private internet money. Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy. Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us. Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users. ///Key Issues for Monero to Overcome/// Scalability While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit. In a post on the Monero subreddit from roughly a month ago, r/monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability: "In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them." When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining: "Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯" u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description: "While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money." Setting up a wallet can still be time consuming It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node. For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too! Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero. ///Conclusion/// I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so. Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price. I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors. I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ? Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork submitted by /u/johnfoss69 to r/CryptoCurrency [link] [comments]
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r/CryptoCurrency |
johnfoss69 |
Jan 18, 2018 |
Canada
